Nogales international., 1929-12-17
LEGAL NOTICE

manner and upon such terms as
the board of directors may fix In
cash, services or by the sale, trans
fer and assignment to the corpora
ton of property, property rights or
interests therein, real or person.
al, for the uses and purposes Of the
corporation, and in payment for
which, shares of the capital stock
of the corporation may be issued,
and such stock so issued shall there
upon and thereby become and be
fully paid up and worcestershire,
and in the absence of actual fraud
in the transaction, the judgment OF
the board of directors as to the va
lue of the services rendered or pro-
perty purchased shall be conclusive.
ARTICLE VI.
The time of the commencement Of
this corporation shall be the date
of the issuance to it by the Arizona
Corporation Commission of cer-
tificate of Incorporation. and the
termination thereof shall be twenty
five (25) years thereafter, with the
power of renewal as provided by
law.
ARTICLE VII.
The management and conduct Of
the business, property and affairs
of the corporation shall be vested in
and conducted by board Of direc-
tors of not less than three 60 nor
more than seven Cd persons, and
all directors, except in case Of va
cancieS, shall be elected at the an
nual meeting of stockholders, ex-
cept the first board, which Is chosen
as In these articles hereinafter set
forth. The officers Of the company
shall consist Of president, vice.
president, secretary and treasurer.
and such other officers as the board
Of directors shall deem expedient, !
and all shall be elected or appoint |
ed by the board of directors. Any
two or more offices, the duties Of
the incumbent of which are not In |
consistent, may be held by the same
person. Both the officers and direc-
tors shall hold their offices for the
period Of one year from and after |
election and qualification and until
their successors are elected and
qualified, unless removed by the
board. The directors shall have the
right to fill any vacancy occurring
in the board by death, resignation
or otherwise, and the person or per- !,
sons elected to fill any such vacan-
cy or vacancies shall hold his Of
flee until the next regular meeting
of stockholders.
ARTICLE VIII.
The regular annual meeting Of the
stockholders shall be held at the
office of the corporation on
the third Monday in January in
each year commencing with the
year 1881.
ARTICLE TX. !
The incorporators shall name the
persons who shall constitute the
first board of directors and when
so elected by the incorporators said
members of the board shall serve
until the first annual stockholders
meeting and until their successors
are elected and qualified.
ARTICLE Il
The. board of directors shall have
the power to make and alter the by
laws of the corporation; to fix the
amount to be reserved as working
capital, and to authorize and cause
to be executed mortgages, deben-
lures and other obligations which
shall be liens upon the property and
franchises of the corporation, and,
in general, to exercise all the pow
ers and authority Of the company
not expressly withheld from said
board by law, or by these Articles
Of Incorporation, or by the affir-
NATIVE action Of the stockholders.
ARTICLE XII.
The stockholders and members o1
this corporation and their private
property shall be exempt from any
liability for the debts of this corpor.
alton.
ARTICLE XII.
With the consent Of the holders
Of two-thirds (2-3) In amount Of
the capital stock Of this corporation,
issued and outstanding, when evil
denced in writing or with the con-
sent Of majority In amount Of the
capital stock of the corporation, is
sued and outstanding, when express
sed by resolution adopted at Q
meeting of the stockholders Of the
corporation duly called and held
pursuant to the bylaws. the direc-
tors shall have authority to sell or
otherwise dispose of In such manner
as may be authorized, the entire
property and assets Of the corpora
ton.
ARTICLE KIN.
:, The Indebtedness Of this corpora
ton shall at no time exceed the sum
of Sixty Six Thousand Six Hundred
Sixty Six and 100 ($66,6e6.66)
Dollars.
ARTICLE XIV.
Duane Bird, of Nogales, Santa
Cruz County, Arizona, who has been
a bona fide resident of the State Of
Arizona for at least three CD years,
is hereby appointed the lawful agent
of this corporation for and on be-
half of it to accept and acknow-