Nogales international., 1928-10-16
ncwers incidental to the fore

tons, 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.
ITO make any and all con
tsacts, acquire and transfer any
and all species Of property and
to possess the same powers in such
respect as private individuals now
enjoy, and III general to do all
things. necessary TO the proper
conduct Of the business of the COR
poEat 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 natural per.
sen 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
ara purposes herein before men
toned. AA-
9.-To sell OR issue all or anv
part OF its capital stock, or any
ponds, debentures or other evi-
cdences of Indebtedness authorized
py It's Board of Directors, in paw
merit for the goodwill. rights.
business, personal property real
estate estate or leases thereof Of any
person firm, association or cor
Eorat,on, and the judgment of it's
BOARD OF Directors as to the value
o1 such goodwill, rights, business
property, real estate or leases
thereon, shall, in the absence 30
fraud, be conclusive. -
- lo;-Io IL guarantee the payment
of dividends or interest on anv
snares' stocks, debentures ~
otner securities issued hS VI W
any other contract or obliSa+ier
/ -, any corporation whenever n,o
pef or necessary for the blis;poos
tarn,s ta ms &C company, and upon such
',s Terms ! m and cond. .tions and in such s',oh
Tanner tha as may be prescribed 6n h.,
aus the bylaws or by resolufion ~ ~
'ne board of Directors. " u
Ito purchase ho,a
issue and sell the sbarad ta or re-
capital stock. OF ITS
12.-To renumerate any person
persons, or corporation for ser
wee rendered, or. to be rendered
III placing, or assisting to nIaca
or guaranteeing the placing of
any OF the shares of the ron,
panys capital stock. Or anv 40
oentures, bond or other sac,4r;tr,
- Sle company, or for services
t;sioereo III or about the forna-
! tYn or promotion of the comnanv
or tne selection and procurement
" directors, Or the conduct of
: .ts business. all upon such terms
IS the Board Of Directors nav
determine and approve.
| l3.-To conduct bus;neao -
any of the states, territories al a.
9nles or dependencies of the
0H1teo states, in the District of
Colamo-a land in any and ali
foreign countries; to have one ~ ~
more officers therein, and tbera;n
10 mold, purchase, MORTGAGE and
convey real and personal pronertv
without limit as to amount bIt
always subject to local laws
I4.-To 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, 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
I 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
: (150,000.00) DOLLARS, divided
r into One Hundred Fifty Thous-
/. and (150,000) shares of the par
e value of ONE (S1.00) DOLLAR
/ each. At such time as the Board
e 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
i or evidences Of indebtedness OF
e other corporations, or other things
e of value, for the use, benefit OF
a, purposes of this corporation, and
n in payment whereof shares of the
= capital stock of this corporation
" may be issued and in the absence
ID of actual fraud in the transac
az &inn hha INDIGNANT Of fha RoarI