Nogales international., 1929-03-15
LEGAL NOTICE

corporation or enhance the Value
of or render profitable any OF Its
] PROPERTY or rlgntS, as sucn corp
oratlon may lawfully do; and IN
carrying on its business, or toi
tne purpose OF attaining or tur'
rnerng any OF it's objects, to &c
any and a.! acts and things. ano
to exer,lse any and al other
covers winch a co-partnershlp OF
! natural person could do and 'eXer-
use, anu wnich now or hereafter
may be authorized by law, ano
elmer as, or by and through
| principals, agents, attorneys, trus-
lees. contractors, factors, lessons,
Ilyssees, or otherwise, either alone
Jr in conjunction with others and
N any part OF the world; and In
addition to nave and to exercise
all the rights, powers and privi-
.vges now or hereafter belonging
to or conferred upon corporations
rganized under the provisions OF
che law authorizing the formation
OF such corporations.
ARTICLE V.
The authorized amount Of the
capital stock OF this corporation
shall be One Hundred Thousand
| ,$lOO,0UO.0O) Dollars, divided in
20 ten thousand (1O,000) shares
| of the par value of Ten $4,000
uol.ars each. Upon subscription
( therefor said capital stock shall be
laid into the corporation in such
manner and upon such terms as
the board OF directors may Tx in
! cash, services, or by the sale,
transfer and assignment to the
corporation of property, property
rights or interests therein, real
I or personal, for the uses and pur-
poses 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 thereupon and there
Dy become and be fully paid up
and on-assessable. and in the
absence of actua.. fraud in the
| transaction, the judgment of the
board OF directors as to the value
Of the services rendered or prop
erty purchased shall be con-
elusive.
ARTICLE vi.
The time of the commenc ement
of this corporation shal! be the
GATE 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 there
after, with the Power of renewal
as provided by law.
ARTICLE VII.
The management and conduct
of the business, property and af-
fairs OF the corporation shall be
vested in and conducted by a
board of directors of not less than
three (3) nor more than seven
CD persons, and all directors, ex-
cept in case of vacancies. shall be
elected at the annual meeting OF
stockholders, except the first
board, which is chosen as in these
articles hereinafter set forth. The
officers Of the company shall con-
sist of President, Vice-President,
Secretary and Treasurer, and such
other officers as the Board of Di-
,ectors shall deem expedient, and
all shall be elected or appointed
ty 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
lfication 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 vacancies 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
oration 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 unit!
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 obli-
cations which shall be liens upon
the property and franchises of the
corporation, and, in general to
exercise all the powers and au-
tE6rity of the company not ex-
pressly withheld from said board
by law, or by these Articles OF
Incorporation, or by the affirma-
tive action of the stockholders.
ARTICLE XI.
The stockholders and members
of this corporation and their pri-
I yate property shall be exempt
from any liability for the debts
of this corporation.