Nogales international., 1928-12-18
LEGAL NOTICE

real estate Of leases thereon, shall
De con, lusive in the absence of
fraud.
To guarantee the payment OF
dividends or interest on any shares
stocks, debentures or other securi-
ties issued by, or any other con-
tract or obligation of, any corpora
ton whenever necessary for the
business of this company, and up
on such terms and conditions and
in such manner as may be pre-
scribed by the bylaws or by reso-
luton of the board Of directors.
Also to purchase, hold or r9issce
and sell the shares of its capital
stock.
To renumerate any person, per-
cons or corporation for services
rendered, in placing or assisting to
place any of the shares of the
onmpany's capital stock, or any de-
henture, bond, or other security of
the company, or for services rem
cered in or about the formation
or promotion of the company, or
the conduct of its business, all up
on such terms as the board of di-
tectHrs may approve.
without in any particular limit
inc any of tie obje is, or purpo-
ses or powers of the corporation,
tie business or purposes of the
co1noratiOn shall be from time to
time to do any one or more or all
of tho acts and things herein set
forth. and al! OTHER acts, Things
ord business or businesses III any
,,,annor connected herewith, or
receqsary, incidental, convenl@n5
or auxiliary thereto, or calculaoeo
Girectlv or indirectly to promote
tho interests of the corporation or
enhance the value Of or render
profitable any of it's property or
r;ohts. as such c1rporatlon
i,nav lawfully do; and in carrying
ON it's business. or for the purpose
of ottaining or furthering any OF
it's objects, to 90 any and al acts
! and things, and to exercise any and
/ all other powers which a co-part-
rership or natural person could do
and exercise, and which now or
hereafter may be authorized by
law, and either as, or by and
through principals, agents, attor-
news, trustees, contractors, factors,
lessons, lessees, OF otherwise,
either alone or in conjunction with
] others and in any part of the
world; and in addition to have
end to exercise all the rights, pow
ers and privileges now or hereaf-
ter belonging to or conferred upon
corporations organized under the
provisions Of the law authorizing
the formation of such corporation.
ARTICLE V.
The authorized amount of the
capital stock Of this corporation
shall be Two Million Five Hundred
Thousar1 and no 100 ($2,500,-
O0O.00) Dollars, divided into Two.
Million Five Hundred Thousand
{2,500,0G0) shares of the par value
of One and no 200 ($1-00) Dol
lars each. Upon subscription there
FOR said capital stock shall be paid
into the corporation in such man.
ner and upon such terms as the
board of directors NAV fix in cash,
.Nervices, or by the sale, transfer
arA assignment to the corporation
of property, property rights or in
terests therein, real or personal, for
the uses and purposes of the cor
poration, and in payment for
which, shares of the capital stock
of the corporation may be issued,
and such stock so issued shall
tkereupon and thereby become and
be fully paid up and non asses
sable, and in the absence of actual
fraud in the transaction, the judg-
ment Of TIE board of directors as
to the value of the service render
ed or property purchased shall be
conclusive.
ARTICLE VI.
The time of the commencement
of this corporation shall be the date
of the issuance to it of Certifi-
cate Of incorporation by the Ari-
zona Corporation Commission. and
tie termination thereof shall be
twenty-five years thereafter, with
the rieht in the corporation to re-
new its charter for an additional
re,1od Of twenty-five years as now
provided by law.
ARTICLE VII.
TIE management and conduct of
the business, property and affairs
! of TIE corporation shall be vested
in and conducted by a board Of di-
rectors of not less than three (3)
nor more than seven (7) persons,
and al directors, except in case of
vacancies, shall be elected at the.
onnual meeting of stockholders,
except the first board, which is
chosen as in these articles herein
after set forth. The officers of the
company shall consist of a Presi-
cent, Vice-President, Secretary and
Treasurer, and such other officers
IS the Board of Directors shall
deem eXpedient, and all shall be
elected or appointed by the Board
of Directors. Any two or more of
fices, the duties of the incumbent
of which are not inconsistent, may
be held by the same person. Both
the officers and directors shall
hold their offices for the period of
one year from and after election
and qualification and until their
successors are elected and quail
fed, unless removed by the board.
The directors shall have the right
to fill any vacancy occurring in the
board by death, resignation. or
otherwise, and the person or per
sons elected to fill any such va
nklNE