Nogales international., 1929-12-24
LEGAL NOTICE

A6&SAA 4NV44N&
Continued from preceding 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 o.
In conjunction with others and II
any part Of the world: and In ad-
dition to have and to- exercise al
the rights, powers and privileges
now or hereafter belonging TO oz
conferred upon corporations organ
tied under the provisions Of the Law
authorizing the formation Of such
corporations.
ARTICLE Y.
The authorized amount Of the CO.
pital stock Of this corporation shall
be One Hundred Thousand $780,
100000 Dollars, divided into one
thousand (100O) shares Of the par
value Of One Hundred (&1000o)
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 80 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 cer-
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 In
and conducted by a board Of direc-
tors Of not less than three 90 nor
more than seven Cd persons, and
all directors, except In case Of va
cancies, shall be elected at the an
nllal meeting Of stockholders, ex-
cept the first board, which is chosen
as In these articles hereinafter set
forth. The officers Of the company
shall consist Of q president, vice.
president, secretary and treasurer,
and such other officers as the board
Of directors shall deem expedient,
and oil shall be elected or appoint.
ed by the board Of directors. ANY
two or more offices, the duties Of
the incumbent Of which are not In
consistent, may be held by the same
person. Both the officers and direc-
tors shall hold their offices for the
period Of one year from and after
election and qualification and until
their successors are elected and
qualified, unless removed by the
board. The directors shall have the
right to I'LL any vacancy occurring
In the board by death. resignation
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 meeting
Of stockholders.
ARTICLE VIM.
The regular annual meeting Of the
stockholders shall be held at the
principal office of the corporation on
the third Monday in January In
each year commencing with the
year 1881.
46L4xGk1cs 1As
The incorporators shall name the
persons who shall constitute the
first board Of directors and when
80 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 4.
The board Of directors shall have
the power to make and alter the by
laws Of the corporation: to fix the
amount to be reserved as working
capital, and to authorize and cause
70 be executed. mortgages, deben-
lures and other obligations which
shall be liens upon the property and
franchises Of the corporation. and.
ess