Nogales international., 1929-04-05
LEGAL NOTICE

all shall be elected or appointed
by the Board of Directors. Any
two or more offices. the duties OF
the incumbent of which are not
inconsistent, may be held by the
same person. Both the officers
and directors shall hold their of
fices for the period of one year
from and after election and quail
fication and until their successors
are elected and qualified, unless
removed by the board. The di-
rectors shall have the right to fill
any vacancy occurring in the board
by death, resignation, or other
wise, and the person or persons
elected to fill any such vacancy
or vacan, les shall hold his office
unit! the next regular meeting of
stockholders.
ARTICLE VIII.
The regular annual meeting Of
the stockholders shall be held at
the principal office of the corp
Grafton on the third Tuesday in
January in each year commencing
with the year 1880.
ARTICLE TX.
The incorporators shall name
the persons who shall constitute
the first board of directors and
when so elected by the incorpora-
tors 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
working capital, and to authorize
and cause to be executed mort.
cages. debentures and other obi
gations which shall be liens upon
the property and franchises of the
corporation. and, in general to
exercise al! the powers and au-
tkority of the company not ex.
pressly withheld from said board
by law. or by these Articles of
[ncorpo alton. or by the affirma-
tive acton of the stockholders.
ARTICLE XI.
The stockholders and members
of this corporation and their pri-
vate property shall be exempt
from any liability for the debts
Of this corporation.
ARTICLE XII.
With the consent of the holders
If two-third (2/3) in amount of
the capital stock of this company,
issued and outstanding when
evidenced in writing or with the
consent of a majority in amount
Of the capital stock of the corp
oration, issued and OUTSTANDING
when expressed bv resolution
edopted at meeting of the stock
holders of the corporation duly
called and held pursuant to the
bylaws, the directors shall have
authority to sell or otherwise dis.
pose of in such manner as may be
authorized, the entire property
and assets of the corporation.
ARTICLE XIII.
The Indebtedness of this corp
oration shall at no time exceed
the sum of Sixty-six Thousand
Six Hundred Sixty-six and Sc 100
($66,66666l 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 (3) years, is hereby ap-
pointed the lawful agent of this
corporation for and on behalf of
it, to accept and acknowledge
service, and upon whom may be
served all necessary process in
any action. suit or proceeding that
may be held or brought against
this corporation in any of the
Courts of the State Of Arizona,
and for all purposes required by
law.
IN WITNESS WHEREOF, we
have hereunto set our hands this
9th day of February. A. D. 1929.
C. c.. CHESHIRE,
ROY V. CHESHIRE.