Nogales international., 1928-07-13

tgages, debentures, shares of cap
ital stock and other securitie
and obligations, all the rights
powers and privileges of indivi
dual owners thereof, includin.
the right to vote upon any share
! of stock held by it to the same
| extent that a natural persor
might or could do.
To sell or issue all or any par
of it's capital stock, or any bonds
debentures Or other evidences o,
indebtedness authorized by it
board of directors, in payments fol
the good will, rights, business
personal property, real estate ol
leases thereon, of any person
firm, association or corporation
and the judgment of its board OF
directors as to the value of sucf
good will, rights, business, pro.
perty, real estate or leases there.
on, shall be conclusive in the
absence of fraud.
To guarantee the payment oil
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
it's capital stock.
To remunerate any person,
persons or corporation for SER
vices rendered, in placing 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-
res in any manner connected the
rewith,or necessary, incidental, con-
venient 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 it's
property, or rigths, as such 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 o-partnership or
natural person could do and ex-
ercise, and which now or here
alter 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.
ARTICLE v.
The authorized amount of the
capital stock of this corporation
shall be Two Hundred Thousand
and no/10O $2OO,OOO.OO) Dol
lars, divided into Twenty Thou
sand (20,)00) shares of the par
value of Ten and no ZOO ($1O.-
0O 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 up and non-assessable, 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.
The time of the commencement
OF this corporation shall be the
date Of the issuance to it of q
Certificate of Incorporation by
the Arizona Corporation Com
mission, and the termination the
reof shall be twenty-five years
thereafter, with the right in the
corporation to renew its charter
for an additional period Of twen-
ty-flve years as now provided by
law.
ARTICLE VII.
The management and conduct
,, of the business, property and af-