Nogales international., 1929-12-10

benefit of the corporation, eltnel
as holder of, or as an interested
party in any property whatsoever
to do any and all of the things mere
in set forth to the same extent al
natural persons might or coult DO
it is the intention that the objects
specified in this article shall, ex-
cept where otherwise expressed
therein, be in nowlse limited or re-
stricted by reference to or by in
ference from the terms of any other
paragraph or clause of these Articles
of Incorporation; that the objects
specified in each of the clauses oi
these articles, and the powers de-
scribed in or incidental to each OF
the paragraphs of this certificate
shall be regarded as independent
objects and powers.
ARTICLE v.
The authorized Capital Stock OF
this Corporation shall be FIFTY
THOUSAND DOLLARS ($50000.
OO), divided into FIVE HUNDRED
(5OO) SHARES, of par value of ONE
HUNDRED DOLLARS ($100.0O
EACH. At such times as the Board
of Directors may by resolution d1-
rect, said capital stock shall be paid
into this Corporation, either in cash
or by the sale and transfer to it Of
real or personal property, contracts.
services or any other valuable right
or thing for the use and purposes
of said Corporation, in payment for
which shares of the capital stock
of said Corporation may be issued,
and the capital stock of said Cor
poration so issued shall thereupon
and thereby become and be fully
paid up and worcestershire forever;
and in the absence of actual fraud
in the transaction, the judgment of
the Directors as to the value of the
purchased shall be conclu-
sive.
ARTICLE VI.
The time of the commencement
of this Corporation shall be the date
of the filing of these Articles of In
for record in the office
of the Arizona Corporation COM
and a certified copy there
of recorded in the office Of the
County Recorder of Santa Cruz
County, Arizona, and a Certificate
of Incorporation delivered to said
company by the Arizona Corpora
ton Commission, and the termina-
ton thereof shall be twenty-five
(25) years thereafter, with privilege
of renewal as provided by law.
ARTICLE VII.
The affairs of this Corporation
shall be conducted by Board OF
not less than three CD nor more
than seven Cd Directors as may
be provided by the BY Laws. and
such other officers as the Directors
may elect or appoint.
And the following named persons
shall constitute the Board OF Three
Directors until their successors are
elected and have qualified.
Frank Brousse
Celestino Sanchez
Manuel F. Gonzales.
Thereafter the Board Of Directors
shall be elected from among the
stockholders at the Annual Stock
holders Meeting to be held on the
Second Tuesday of January OF each
year.
ARTICLE VIII.
The Board of Directors shall have
power to adopt and amend bylaws
for the government of the corpora
ton, and to fill vacancies occurring
on the Board Of Directors for any
cause.
ARTICLE TX.
The highest amount of indebted
ness or liability, direct or conting
ent, to which this corporation shal
be subject at any one time shall II
no case exceed Thirty Thousant
Dollars, $3.50, 100000.
ARTICLE K.
The private property Of the stock
holders of this corporation shall b
exempt from all corporate debts Q
any kind whatsoever.
IN WITNESS WHEREOF, we hav
hereunto set our hands and seal
this 9th day Of November A. 1
1929.
CELESTINO SANCHEZ (SEAL
FRANK BROUSSE (SEAL
STATE OF ARIZONA
)s
COUNTY OF PIMA
This instrument was acknowledg
ed before me this 9Th day Of Novem
Der, 1929. by CELESTINO SAN
CHEZ.
MY commission expires Januar
18th, 1888.
(NOTARIAD MARY A. CARNE
(SEAL) Notary Public.
STATE OF ARIZONA,
Us
COUNTY OF SANTA CRUZ. }
This instrument was acknowleds
ed before me this 9th day OF M
vember, 1929, by FRANK BROUSS
I My commission expires Feb. 2
r 1881.
!, (NOTARIAL)
: (sEAL) NORMAN D. POMERO'
: Notary Publ
. ENDORSEMENT
ARIZONA CORPORATION CON
MISSION INCORPORATING Dl
r1rr mn NTOU 1Oe