Nogales international., 1928-11-16

merchandise of any and every class
end description, and generally to
invest, trade, and deal in personal
properly Of all kinds.
5.-To purchase, acquire, hold
and dispose of the stocks, bonds
and other evidences of ind ebted-
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-
tons, 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
the 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
do every act or acts, thing or
things incidental or appurtenant
TO or growing out of or connected
with the aforesaid business or DOW
ers or any part or parts thereof.
IN the United States of America.
and its dependencies and territory
IN Mexico, or in any other fore:gn
country, providing the same be Rot
inconsistent with the laws under
which the corporation is organized.
ARTICLE V.
The authorized capital stock of
this corporation shall be One Mil
lion Five Hundred Thousand
(S1, 1,500,000.00) Dollars, to be di-
yided into One Million Five Hum
dred Thousand Q,50O,O00) shares
of tke 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
time 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 it of
real or personal property. con-
tracts, service or any other yalu-
able right or thing for the use and
purposes of said corporation ;n
payment for which shares Of the
capital stock of the corporation
may be issued, and the canital
tock SO issued shall 4here-
u p n and thereby become
and be fully paid and nom
assessable 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-
poration shall be delivered to said
corporation by the Arizona Corp
oration Commission, and the term
ination thereof snail be twenty
five years thereafter. with the priv
ileges Of renewal as by law pro-
vided.
AR1YCLE VII.
The affairs of this corporation
shall be conducted by a board of
directors Of not less than Shree
N3) members and not more than
seven CD members, and of such
officers as the board of directors
may elect or appoint; and until
provision shall be made otherwise
by the bylaws to be adopted by
this corporation, the number of
the board of directors shall be four
90: The following named persons
shall constitute and be the board
OF directors for the first corporate
year and until their successors ara
elected and have qualified
A. L. Gustet3er
r. K. Cumming
z. j. Harms
<. w. Hake
Hereafter the board of directors
shaii be elected from among the
stockholders or the corporation at
the annual meeting of the stock-
holders to be held on the second
Tuesday of January of each vear
beginning with the year 1880 The
officers Of the corporation shall
consist of President, a Vice Pres
ident, Secretary and a Treasur-
er. The office of Secretary and
Treasurer may be held by the
same person. Until officers are
elected in accordance with the pro-
visions of the bylaws adopted by
this corporation, the following shall
lie the officers of the corporation !:
A. L. Guste*ter, President,
E. K. Cumming, Secretary and
Treasurer,
e. w. Hake, Vice President.
Said officers shall hold their re-
spective offices until their success
sors are elected and have qualified.
ARTICLE VIII.