Nogales international., 1929-04-26
LEGAL NOTiCE

pcISOu, 1lIIH, dSSOCldIlOu OT COAP
Grafton, and pay for the same II
cash or stock, bonds or obligation:
of this corporation, or otherwise.
To issue bonds, nores, deben
lures or oth@r forms of corporate
obligations and to sell. pledge o,
hypothel ate the same and to Sc
cure the payment thereof by mort
gage or otherwise upon all or any
part of the property of the corp
Grafton; to purchase, acquire, hold
sci! and dispose of the stock
bonds or other evidences of in
debtedness of this or any Other
corporation, domestic or foreign
and to issue and exchange there
for it's stock, bonds or Other
obligations.
Without in any particular limit
ing any of the objects, or pur-
poses or powers of the corpora
ton, the business or purposes o.
the corporation shall be from
time to time to do any one or more
or all of the acts and things here
in set forth, and all such othe,
acts, things and business or busi
nesses in any manner connected
Herewith. or necessary, incidental
convenient or auxiliary thereto
or calculated directly or indirectly
to promote the interests of the
corporation or enhance the value
of or render profitable any of it's
property or rights, as such a 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 all other
powers which a co-partnership OF
natural person could do and exe,-
else, and which now or hereafte,
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
f$100,000.00) Dollars, divided in
TO ten thousand (10.O0O) shares
of the par value of Ten ($10.O0)
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 Sc
issued shal! thereupon and there
by become and be fully paid up
and worcestershire. and in the
absence of actua! fraud in the
transaction. the judgment of the
board Of directors as tc 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 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 condu, 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 shal! con-
sist of a 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
by 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
ification and until their successors
are elected and qualified, unless
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 vacan,i les shall! hold his office
unit! the next regular meeting of
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.