Nogales international., 1928-10-02
powers incidental to the fore

going businesses.
6.--To issue bonds, debentures
or other form of corporate obliga-
tions, and to sell or hypothecate
the same and to secure the pay
mert of the same by mortgage OF
otherwise upon all or any of the
properties of the corporation.
To make any and all con-
tracts, acquire and t,.arsfer any
and all species of property, and
to possess the same powers in such
respect as private individuals now
enjoy, and in general to do all
things necessary to the proper
conduct Of the business of the cor
,porat on in the State ard else
where. not inconsistent with the
laws of the United States, with the
State of Arizona, or any foreign
State or Country.
8.-To hold, purchase, buy and
otherw:s acqu re, and to sell, ex-
change, mortgage pledge and
Otherwise deal in the bonds. mort
gages, notes, debentures, shares
OF capital stock and other securi-
e-es and obligations of any private
corporations, and also to receive,
collect and otherwise dispose of
interest, dividends or income from
any OF the propert. es held, owned
or acquired by the company. and
to exercise in respect Of all such
bonds, mortgages, debentures,
Eotes, shares OF capital stock and
other securities and obligations,
all the rights, powers and privileg
es OF individual owners thereof in
ciud -ng the right to vote upon any
SHARES OF the stock held by it to
the same extent that natural per.
son might OF could do, and gerler
any to have the rights, powers and
privileges to do any and all things
llc-oent or advantageous to the
carrying cut Of any of the objects
toned. Aiei'-
9.-To sell or issue all or anv
part OF its capital stock, or anv
ponds, . debentures or other ev;
Gences of indebtedness authorizaJ :.
oy Its Board of Directors. in nav.
merit Tor the goodwill. RIGHTS
business, personal property real
estate, or leases thereof Of anu
person. tlrm, association or COY
Poan.; PoraIions and and the judgment of its
hoard OF Directors as to the valne ne
CT such goodwill, rights. business
properly, real estate Or Iaasas
enereon, shall, in the absence go ~
fraud, be conclusive. "a
of ITO guarantee the pavmen+
~ dividends or interest on anu
snaareS' 4a' stocks, debenturas any
liner ot securities issued by VI ",
any other contract or ohiigo+, VI VI
a' pe, any ~! corporation whenever olT,l nrnl
af eff tt; or necessary for the bnsipaOa poo
tarnaa m.S company, and upon s1ch
''s .ea!ns and cond. tions and n =, f such
<sAner tha as may be prescrihad 9uch G
me bylaws or by CLlGea resoI,,t; by
- ~ " OirCctOrS
Ito purchase. bo,d
can;fo, % ana NJ sell the shares - Of re- e.
lz.-To renumerate any person
peisons' or corporation for ser
Sa'e rendered, OF to be rendered
Al placing, or assisting to niaoa'
or guaranteeing the nlac;,1c.
any of the shares of the eon, -
pany,s capital stock, Or anv % da
oe oeehtares, lures, bond or other security
VI 5ne company, Or for services
tenuered IN or about the forms
W = or promotion of the comnanv
or the selection and procuren1a1f :
OF Directors, or the condnct nf
Us BUSINESS. all upon such terms
Ts+o 90 esae board OF Directors NAV
1S--.To conduct business IN
any OF the states, territories col
Gnles OF dependencies of 10
Cai Cn,teo States, in the District Of
eoiunb ,and in any and ali
lotel @n countries; to have one or
more officers therein, and tbaro;,, IN
10 hold. purchase, mortgage and
convey real and personal pronertv %
without Limit as to an1onnf h,yt ~ :
always subject to local laws '
Ito do all and everything
necessary, suitable and proper for
the accomplishment of anv of tbe
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.
ether alone or in association with
other corporations, firms, socie-
ties companies or individuals, and
TO do every act, thing or things
incidental or appertenant to or
growing out Of or connected with
the aforesaid business or powers
or any part or parts thereof in
the United States of America and
ITS dependencies and territory, in
Mexico, 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
HUNDRED FIFTY THOUSAND
l15O,OOO.O0) DOLLARS, divided
into One Hundred Fifty Thous-
and 150,O0Ol shares of the par
value of ONE (S1.OO) DOLLAR
each. At such time as the Board
of Directors shall by resolution
direct, the said capital stock when
subscribed for shall be paid into
this Corporation, eithe in cash
services or by sale, transfer OF
assignment to it of real or per
sonal property, the stock, bonds
or evidences of indebtedness OF
other corporations, or other things
of value, for the use, benefit OF
purposes of this corporation. and
in payment whereof shares of the