Nogales international., 1928-11-02

merchandise of any and every class
and description, and generally to
invest, trade, and deal in personal
property of all kinds.
5.-To purchase, acquire, hold
and dispose Of the stocks, bonde
and other evidences of ind abted-
ness of any firm, company or COR
poration, domestic or foreign, and
any interest Or participation there
in, and issue in exchange therefore
it's stocks, bonds or other obliga-
tions, and while owner Of any such
stock, bonds or Other obligations
interest or participation, to pos.
sess, vote and otherwise exercise
in respect thereof all the rights.
powers and privileges of individual
owners or holders thereof.
6.-To make any guarantee re-
specting dividends, stocks, bonds,
contracts ,or other obligations so
far as the same may be permitted
by corporations organized under
the corporation laws of this State.
ITO do all and everything
necessary, suitable and proper for
tie accomplishment of any of the
purposes or The attainment of any
of the objects or the furtherance
of any of the powers hereinbefore
set forth, or that the board of
directors may hereafter approve,
either alone or in association with
other corporations, firms, societies.
companies or individuals, and to
Go every at or acts, thing or
things Incidental or appurtenant
TO or growing out Of or connected
with the aforesaid business or pow
ers or any part Or parts thereof,
IN the United States of America A.
and its dependencies and territory
IN Aexlco, or in any other foreign
| country, providing the same be not
inconsistent with the laws under
which the corporation is organized.
ARTICLE v.
The authorized capital stock of
this corporation shall be One Mil
i lion Five Hundred Thousand
Isl, ,500,000.O0) Dollars, to be di-
vided into One Million Five Hun
dred Thousand (1,500,O0O) shares
! of Ike par value of One Dollar
($1 0O) each, all of which shares
shall be fully participating in the
profits of this corporation and
shall be voting shares. At such
flme as the board of directors
shall by resolution determine, the
said capital stock shall be paid into
the corporation, either in cash or
by the sale and transfer to II of
real or personal property. con.
! tracts, service or any other VAIN
able right or thing for the use and
purposes of said corporation, in
payment for which shares of The
capital stock of the corporation
may be issued, and TIE capital
s t k SO issued shall here
p n and thereby become
and be fully paid and non
''sseSsable forever, and, in the ab-
sence of actual fraud in the trans
action, the judgment of the board
OF directors as to the value of the
property acquired shall be con-
elusive.
ARTICLE VI,
The time of the commencement
OF this corporation shall be the date
on which the certificate of incor-
poratlon shall be- delivered to said
corporation by the Arizona Corp
Grafton Commission, and the term
/ ina+ion thereof shall be twenty
five years thereafter, with the priv
IIeges Of renewal as by law pro-
Vided.
80 ARTICLE VII.
The affairs of this corporation
shall be conducted by a board of
dire tors of not less than three
(0) members and not more than
seven ID members, and of such
o1tlcers as the board of directors
may elect or appoint; and until
provision shall be made Otherwise
ny. the bylaws to be adopted hv
ths corporation, the number of
tne BOARD OF directors shall be fon,.
~; The following named nersonI,
snail constitute and be tha boerJ
ol are tors for the first corporate
year and until their successors aro
eie ted and have qualified ''A'
a. L. Gustetter
+. K. Cumming
II. J. Harms
E. W. Hale
Hereafter the board Of di,ootors
snail be elected from an,or" VGls 49,
4,oeSnoidsrs -, Or the corporation 'if at
Sae. Sae annual meeting of the otock.
T Tolaers to be held on the ssc"nd sTYoM
tuesday Of January of each 'ooonu pToa'.
"ss'"ning with The year 1880. The M
officers of the corporation shall
consist Of a President, a Vice Prgs-
ident, Secretary and a Treas,,r-
er' The office of Secretary and
Treasurer may be held bv the
same person. Until officers are
e;ec'ed IN accordance with the pro-
VISIONS Of the bylaws adopted by
TINS corporation, the followinp, shall
be the officers of the cornoration. :.
a l.; GusteSter, President.
e. H. Cumming, Secretary and
Treasurer,
H. w. Hake, Vice President,
sad Officers shall hold their re-
specclVe offices until their succey-
SorS are elected and have qualified.
ARTICLE VIII.
"a a. l.. Gustester, of Nogales, Ari-
rond, ro: VINO has been a bona fide
te'iuenC OF The State of Arizona
LOT AE IPQcf fhNoU