Nogales international., 1929-12-20
LEGAL NOTICE
fContinued from Page g.

Continued from Page %
hereafter may be authorized by law
and either as, or by and through
principals, agents. attorneys, trus-
tees, contractors, factors, lessons. les
sees, or otherwise, either alone or
In conjunction with others and in
any part of the world; and In ad-
dition to have and to exercise all
the rights, powers and privileges
now or hereafter belonging to or
conferred upon corporations organ
lied under the provisions Of the law
authorizing the formation OF such
corporations.
ARTICLE ".
The authorized amount Of the ca
pital stock of this corporation shall
be One Hundred Thousand ($100,-
100000 Dollars, divided into one
thousand (1OOO) shares of the par
value of One Hundred ($10O.0O
Dollars each. Upon subscription
therefor said capital stock shall be
paid into the corporation in such
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 a GER
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 II
and conducted by board of direc-
tors Of not less than three 90 mol
more than seven Cd persons, anc
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 choser
as in these articles hereinafter Sc
forth. The officers of the compan!
shall consist Of president, vice
president, secretary and treasurer
and such other officers as the boart
Of directors shall deem eXpedient
and all shall be elected or appoint
cd by the board of directors. An,
two or more offices, the duties o
the incumbent of which are not in
consistent, may be held by the sam
person. Both the officers and direc
tors shall hold their offices for tn
period of one year from and afte
election and qualification and unit
their successors are elected an
qualified, unless removed by tn
board. The directors shall have tn
right to fill any vacancy occurrin
In the board by death, resignatio
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 meetin
Of stockholders.
ARTICLE VIII.
The regular annual meeting of tn
stockholders shall be held at tt
principal office of the corporation g
the third Monday in January
each year commencing with tt
year 1881.
ARTICLE TX.
The incorporators shall name u
persons who shall constitute tt
first board Of directors and wht
50 elected by the incorporators sa
members of the board shall ser
until the first annual stockholdel
meeting and until their successo
are elected and qualified.
ARTICLE a.
The board of directors shall ha
the power to make and alter the b
laws Of the corporation; to fix t
amount to be reserved as workil
capital, and to authorize and eau
to be executed mortgages, debe
lures and other obligations whi
Gaall be liens upon the property a.
franchises OF the corporation, 81