Nogales international., 1928-10-12

tions, and to. sell or hypothecate
the same and to secure the pay
ment of the same by mortgage or
| otherwise upon all or any of the
properties of the corporation.
i ITO make any and all con-
tracts, acquire and transfer any
and all species of property, and
! to possess the same powers in such
! respect as private individuals now
i enjoy, and IN general to do all
, things necessary to the proper
conduct of the business of the cor
porat.on in the State and 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
otherwise acquire, and to sell, ex-
change mortgage pledge and
otherwise deal in the bonds, mort
cages; notes, debentures, shares
OF capital stock and other securi-
ties and obligations of any private
corporations, and also to receive.
collect and otherwise dispose of
interest, dividends or income from
any of the properties held, owned
or acquired by the company. and
to exercise in respect Of all such
bonds, mortgages, debentures.
notes, shares Of capital stock and
other securities and obligations.
all the rights, powers and privileg-
es OF individual owners thereof. in.
clud- -ng the right to vote upon anv
shares of the stock held by it to
the same extent that a natural ner-
son might or could do, and gener.
ally to have the rights. powers and
privileges to do any and all things
incident or advantageous to the
carrying out Of any of the objects
and purposes herein before men
| toned. 'ei'-
9.-To sell or issue all or anv
pare OF its capital stock, or any
bonds, debentures or other ev;
dences of indebtedness authorized
Dy Its board of Directors. in nav
ment for the goodwill. rights
business, personal property real
estate, estate, or leases thereof Of anv
person, firm. association or cor.
Eorat,on, and the Judgment Of its
BOARD of Directors as to the val1,a
OF such goodwill, rights, business
property, real estate or laasas
eshereon, shall, in the absence - ~
fraud, be conclusive. u
Au;--Io guarantee the paymen+
" olVldends or interest on INV
o4ares' o4a' stocks, debentures ~.
osnef on1 securities issued bv o1
any other contract or oblios+;oa ~
", any corporation whenava. raon n'.n
per or necessary for the bna; pao-
tarr1n ta elis company, and upon snch
nean seanls and conditions and in oh s',oh
ahner tha Ter as may be prescribed h., ~
the the bylaws or by resolut;on u oy .
'"e board of Directors. NV" u
Ito purchase, bo,d =.
ISSUE ns and Sell the shares " nf re- re-
Ito renumerate anv person
PERSONS or corporation for se,.
wee rendered, or to be rendared
IN placing, or assisting to nlace
OF guaranteeing the PLACING ~
any of the shares of the cor, "
pany's capital stock. Or anv In Ia
oeentures, oe tS bond or other security
oI 9he company, or for services
tenoered zen; IN or about the formas
Iion OF promotion of the comnanv
CT the selection and procnranaa,st
o1 directors, Or the conduct of
I its business. all upon such tarros
as the Board of Directors Tna~
determine and approve. S
15.-To conduct business !,
any OF the states, territories. col
Gnles OF dependencies of tba
Oh,ted States, in the District of of
Solumo-a land in any and all
Iorelgn countries; to have one M -.
more officers therein, and thera;n
TO hold. purchase, MORTGAGE all
vG;Hsey v,;thy real and personal property
without limit as to amount. hHf
always subject to local laws O"'
I4.-To do all and everything
necessary, suitable and proper for
the accomplishment of any of the
purposes or the attainment of anv
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
It's dependencies and territory, in
Mexico, or in any other foreign
country, providing the same be
not inconsistent with the laws
i, under which the corporation is
organized.
ARTICLE V.
The authorized capital stock
of this Corporation shall be ONE
j HUNDRED FIFTY THOUSAND
j (150,OO0.O0) DOLLARS, divided
into One Hundred Fifty Thous-
and (150,000) shares of the par
value of ONE ($1.OO) DOLLAR
each. At such time as the Board
of Directors shall by resolution
i direct, the said capital stock when
subscribed for shall be paid into
. this Corporation. eithe. in cash,
; services or by sale, transfer or
, 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 or
; purposes Of this corporation, and
in payment whereof shares of the
= capital stock of this corporation
may be issued and in the absence
! of actual fraud in the transac-
r tinn the indrnanf nf thu Rna,.d