Nogales international., 1929-03-12
LEGAL NOTICE

the purpose Of attaining or fur
thering any of its objects, to do
any and al acts and things, and
to exercise any and all other
powers which a co-partnership or
natural person could do and exe1-
else, and which now or hereafter
may be authorized by law, and
either as, or by and through
principals, agents, attorneys, trus-
tees. contractors, factors, lessons,
lessees, or otherwise, either alone
or in conjunction with others and
in any part of the world; and in
addition to have and to exercise
all the rights, powers and privi-
.eges now or hereafter belonging
to or conferred upon corporations
organized under the provisions of
the law authorizing the formation
Of such corporations.
ARTICLE V.
The authorized amount of the
capital stock of this corporation
shall be One Hundred Thousand
t$100,000.0O) Dollars, divided in
10 ten thousand (10,000) shares
of the par value of Ten ($10.00)
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,
transfer and assignment to the
corporation of property, property
rights or interests therein, real
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
ssued shall thereupon and there
by become and be fully paid up
and non -assessable, and in the
absence of actual fraud in the
transaction, the judgment of the
Board of dire tors as to the value
Of the services rendered or prop
erty 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 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, wnith is chosen as in these
articles hereinafter set forth. The
officers of the company shall con-
sist of a President, Vice-President,
secretary and Treasurer, and such
ether officers as the Board OF Di-
tectors shall deem expedient, and
all shall be elected or appointed
ry the Board of Directors. Amy
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 shal! 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
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 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 tine 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 obh-
cations which shall be liens upon
the property and franchises of the
corporation, and, in general to
exercise al! the powers and au-
tEority of the company not ex-
pressly withheld from said board
oy 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-
vate property shall be exempt
from any liability for the debts
of this corporation.
ARTICLE XII.
With the consent of the holders
# two-third (2/3) in amount Of
the capital stock of this company,
issued and outstanding when