Nogales international., 1929-10-11
LEGAL NOTICE

chase or otherwise acquire and hold,
with the same rights of ownership
therein as may be permitted to
natural persons, the shares, bonds
and obligations of any corporation
organized under the laws of any
state, territory, district or colony of
the United States or in any foreign
country, as well as the shares of
this corporation; to borrow money
and to execute and issue bonds and
notes or mortgages for the security
and payment of the same; and in
vest it's funds and assets in such
loans, mortgages and bonds as in
the opinion of the board of direct
ors is necessary or convenient; to
sign, execute and deliver promis-
sorry notes, checks and other COM
mercial paper.
Co To do all things necessary or
incidental to the various lines of
business herein specified, and at
such places or places within or
without the State of Arizona as may
suit the convenience of this cor
poration.
Cd To do any and all things
herein set forth to the same extent
as natural persons might or could
do in any part of the world as
principals, agents, contractors, trus-
tees or otherwise,
The foregoing enumeration of
specific powers shall not be deemed
to limit or restrict in any manner
the general powers of the corpora
ton and the enjoyment and exer-
else thereof as conferred by the
laws of the State of Arizona.
ARTICLE v.
The authorized amount of the
capital stock of this corporation
! shall be One Hundred Thousand
1 ($100,000.00) Dollars, divided into
one hundred thousand Q0O,OOO)
shares of the par value of One
/ ($100) Dollar each. Upon subscrip-
ton 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
transfer and assignment to the cor
poration of property, property
+ rights or interests therein, real OF
personal, for the uses and purposes
of the corporation, and in payment
for which, shares of the capita
stock of the corporation may be is.
!. sued and such stock so issued shall
lthereupon and thereby become anc
be fully paid up and on-assessable
and in the absence of actual frauc
in the transaction, the judgment o.
the board of directors as to tht
I value of the services rendered o.
property purchased shall be con.
elusive.
ARTICLE VI.
Il The time of the commencement
of this corporation shall be the
! date Of the issuance to it by the
;. Arizona Corporation Commission o1
!. a Certificate of incorporation anc
the termination thereof shall bt
twenty-five (25) years thereafter
with the power of renewal as pro-
vided by law.
. ARTICLE VII.
The management and conduct o.
the business, property and affair:
. OF the corporation shall be vested il
and conducted by q board of direct.
ors of not less than three Cd mol
. more than seven Cd persons, anc
all directors, except in case of vac.
ancies, shall be elected at the an.
nual meeting of stockholders, ex.
cept the first board which is cho.
sen as in these articles hereinafter
set forth. The officers of the COM
pany shall consist of a president
vice-president, secretary and trea.
Surer, and such other officers a.
the board Of directors shall deem
eXpedient, and all shall be elected
or appointed by the board of direct.
orS. Any two or more offices, tht
duties of the incumbent of which
.. are not inconsistent, may be helc
by the same person. Both the Of
ficerS and directors shall hold theil
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 such vacancy or vacan-
cieS shall hold his office until the
next regular meeting of stockhold.
ers.
ARTICLE VIII.
] The regular annual meeting OF
the stockholders shall be held at
the principal office of the corpora
ton on the second Monday in Jan
uary OF eacn year, commencing
with the year 1881.
ARTICLE TX.
The incorporators shall name the
i persons who shall constitute the
first board of directors and when
so selected by the incorporatorS
said members of the board shall
serve until the first annual stock
holders 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