Nogales international., 1929-10-11
LEGAL NOTICE
(Continned from page ~

SAID CaQ1Gal SCOCk SI1oII NC pdAO AAA
to the corporation in such manne
and upon such terms as the B3art
of Directors may fix in cash, serv
ices, or by the sale, transfer apC
assignment to the corporation O
property, property rights or inter
ests therein, real or personal, fol
the uses and purposes of the cor
poration, and in payment fol
which, shares of the capital stOcl
of the corporation may be issued
and such stock so issued silal
thereupon and thereby become ans
be fully paid up and n-asseSsable
and in the absence of actual fraud
in the transaction, the judgement
of the board of directors as to the
value of the services rendered OF
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 by the
Arizona Corporation Commission OF
a certificate of Incorporation, and
the termination thereof shall be
twenty-five (25) years thereafter,
with the power of renewal as pro-
vided by law.
ARTICLE VII.
The management and conduct of
the business, property, and affairs
of the corporation shall be vested
in and conducted by a board OF
directors of not less than three 90
nor moxe than seven CD persons,
and all directors, except in case of
vacancies, shall be elected at the
annual meeting of stockholders, eX-
cept the first board, which is chos-
en- as in these articles hereinafter
set forth. The officers of the COM
pany shall consist of president,
president, secretary and trea-
surer, and such other officers as
the board of directors shall deem
expedient, and all shall be elected
or appointed by the board of direc-
tors. Any two or more offices, the
duties of the incumbent Of which
are not inconsistent, may be held
by the same person. Both the Of
ficers and directors shall hold their
offices for the period of one year
from and after election and quail
fication and until their successors
are elected and qualified, unless re-
moved by the board. The directors
shall have the right to fill any va
cancy occurring in the board by
death, resignation or otherwise,
and the person or persons elected
to fill any vacancy or vacancies
shall hold his office until the next
regular meeting of stockholders.
ARTICLE VIII.
The regular annual meeting OF
the stockholders shall be held at
the principal office of the corpora
ton on the third Monday in Janu-
ary 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 x.
The board of directors shall have
the power to make and alter the
bylaws Of the corporation; to fix
the amount to be reserved as work.
ing capital, and to authorize and
cause to be executed mortgages,
debentureS and other obligations
which shall be liens upon the pro-
perty and franchises of the COR
poration, and, in general, to ex-
erciSe all the powers and authority
of the company not expressly with
held from said board by law, or by
these Articles of incorporation, or
NY Vic GILL 1k1cO1fO cIGU1O44 Va O44S
stockholders.
ARTICLE XI.
The stockholders and members OF
this corporation and their private
property shall be exempt from any
liability for the debts of this cor
poration.
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 evi-
denced in writing or with the con.
sent of majority in amount o.
the capital stock of the corporation
issued and outstanding, when ex'
pressed by resolution adopted a
a meeting of the stockholders o.
the corporation duly called anC
held pursuant to the bylaws, th'
directors shall have authority tC
sell or otherwise dispose of in sucl
manner as may be authorized, tn
entire property and assets of thu
corporation.
ARTICLE XIII.
The indebtedness Of this corpora
ton shall at no time exceed tn
sum of Six Hundred Sixty ST,
Thousand Six Hundred Sixty Si
and 66 100 666,666.66) Dollars.
ARTICLE XIV.
Duane Bird, of Nogales, SAINT;
Cruz County, Arizona, who has beel
a bona fide resident of the State O
Arizona for at least three 90 year;
is hereby appointed the lawful a
gent of this corporation for and O.
behalf of it to accept and acknow
ledge service. aud unnn whom ma