Nogales international., 1928-07-06

and Obligations, all the rights
powers and privileges of indivi.
: dual owners thereof, including
the right to vote upon any shares
of stock held by it to the same
extent that a natural person
might or could do.
: To sell or issue all or any part
of its capital stock, or any bonds,
debentures or other evidences of
indebtedness authorized by its
board of directors, in payments for
the good will, rights, business,
personal property, real estate or
leases thereon, of any person,
firm, association or corporation,
and the judgment of its board of
directors as to the value of such
good will, rights, business, pro-
perty, real estate or leases there
on, shall be conclusive in the
absence of fraud.
To guarantee the, payment of
dividends or interest on any sha-
les, stocks, debentures or other
securities issued by, or any other
contract Or obligation of, any
corporation whenever necessary
for the business of this company,
and upon such terms and condi-
tions and in such manner as may
be prescribed by the bylaws or
by resolution of the board of
directors. Also to purchase, hold
or reissue and sell the shares of
its capital stock.
To remunerate any person,
persons or corporation for SER
vices rendered, in placing O as
sisting to place any Of the shares
OF the company's capital stock,
or any debenture, bond, or other
security of the company. of for
services rendered in or about the
formation or promotion of the
company, or the conduct of it's
business, all upon such terms as
the, board of directors may ap-
prove.
Without in any particular linn
iting any of the objects, or pur-
poses or powers of the corpora
ton, the business or purposes of
the corporation shall be from
time to time to do any one or
more or all of the acts and things
herein set forth, and all such other
acts, things and business or busi-
fes in any manner connected the
rewith,or necessary, incidental, con-,
yenient of auxiliary thereto, or cal
culated directly or indirectly to
promote the interests of the cor
poration or enhance the value of
or render profitable any of itsl
property, or rigths. as such a cor
poration may lawfully do; and in
carrying on its business. or for
the purpose of attaining or fur /
thering any of its objects, to do
any and all acts and things. and
to exercise any and all other pow
ers which a co-partnership or
natural person could do and ex-,
ercise, and which now or here
after may be authorized by law,
and either as, or by and through
principals. agents, attorneys, trus-
tees. contractors, factors, lessons,
lcssees, or otherwise, either alone
or in conjunction with others and
In any part of the world;> and in
addition to have and to exercise
all the rights, powers and pri-
vileges now or hereafter belong
ing to or conferred upon cor
porations organized under the
provisions of the law authorizing
the formation of such corpora
tions. I
ARTICLE v.
The authorized amount of the
capital stock Of this corporation !
shall be Two Hundred Thousand
and no/100 ($20O,OOO.OO) Dol
lars, divided into Twenty Thou
sand CO. )OO) shares of the par
value of Ten and no/1OO ($1O.-
OO)' Dollars each. Upon subscrip-
ton therefore said capital stock !
shall be paid into he corporation
IN such manner and upon such )
Terms as the board of directors !
may fix in cash, services. or by
the sale, transfer and assignment
to the corporation Of property,
property rigths or interest there
In, real or personal, for the uses
and puposes of the corporation,
and in payment for which, shares
OF the capital stock of the cor
poration may be issued, and such
stock so issued shall thereupon
end thereby become and be fully
PAID sup and worcestershire, and
IN the absence of actual fraud in
the transaction, the judgment of
the board of directors as to the
value Of the services rendered or
property purchased shall be con-
elusive.
ARTICLE vi.