Nogales international., 1929-03-08
LEGAL NOTICE

corporation or enhance Ine Valu0
of or render profitable any of its
property or rights, as such corp
grafton may lawfully do; and in
carrying on it's business, or for
the purpose Of attaining or fur
thering any of it's objects, to do
any and al acts and things. and
to exercise any and al other
powers which partnership or
natural person could do and exer-
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,
lassees, 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. a.
ARTICLE v.
The authorized amount of the
capital stock of this corporation
shall be. One Hundred Thousand
($100,000.00) Dollars, divided in.
10 ten thousand 100000 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
issued 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 directors as to. the value
of the services rendered or prop
ertz purchased shall be con-
| elusive. :, +. r. -"
ARTICLE vi.
The time of the commend ement
bf 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 condu1 ted 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 a President, Vice-President,
Secretary and Treasurer, and such
other officers as the Board OF Di-
lectors shall deem expedient, and
all shall be elected or appointed
hy 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 off i-ers
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 al
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 until
their successors are elected and
| qualified.
ARTICLE x.
The board of directors shal!
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
9nd 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 genesef 81
exercise al! the powers and au-
ti.ority of the company not ex
pressly withheld from said board
ny 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