Nogales international., 1928-11-13

! merchandise of any and every class
and description, and generally tt
invest, trade, and deal in persona
property of all kinds:
: 5.-To purchase, acquire, hole
/ and dispose of the stocks, bond5
and other evidences of ind .bted
ness of any firm, company or cor.
poration, domestic or foreign, anC
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 DOS
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 assc oiation with
! other corporations, firms, societies
companies or individuals, and to
GO every at or acts, thing or
Sshlngs incidental or appurtenant
TO or growing out of or connected
with the aforesaid business or DOW
e!rs or any part or parts thereof.
IN the United States of America
and It's dependencies and TERRITORY
IN Mexlco, or in any other foreign
country, providing the same be not
aconsistenS 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
($1, ,500,0OO.OO) Dollars, to be di-
vided into One Million Five Hun
dred Thousand (1,50O,O00) shares
OF Ike par value Of One Dollar
Isl OO) each, all of which shares
shall be fully participating in the
profits of this corporation and
shall be voting shares. At such
TINE as the board of directors
shall by resolution determine the
said capital stock shall be paid into
the corporation, either in cash or
oy the sale and transfer to it of
real or personal property, con-
tracss, service or any other vail
able right or thing for the ,lsa and
purposes of said corporation, in
payment for which shares of the
capital stock of the corporation
may be issued, and TIE canirai
tock SO issued shall here
p on and th ere y become
and be fully paid and NON |
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 BIZ 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
Grafton Commission, and the term
ination thereof shall be twenty |
five years thereafter, with the priv
ileges of renewal as by law pro-
vided.
ARTICLE VII.
The affairs of this corporation
shall be conducted by a board Of
dire tors of not less than three
(3) 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
az. The following named persons
shall constitute and be the board
OF directors for the first corporate
year and until their successors are
eie 1ted and have qualified
A. l.. GustetSer
E. K. Cumming
r. j. Harms
E.. w. Hake
Hereafter the board of directors
shall be elected from among thn
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 a President, Vice Pres
ident, Secretary and 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
be the officers of the corporation:
A. l.. Gustetter, 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.
= 7, (Tuctatfar oF NJ -.