Nogales international., 1929-10-15
LEGAL NOTICE
(Continued from page 4)

ices, or by the sale, transfer ano
assignment to the corporation OF
property, property rights or inter-
ests therein, real or personal, for
the uses and purposes of the cor
poration, and in payment for
which, shares of the capital stock
of the corporation may be issued,
and such stock so issued shall
thereupon and thereby, become anu
be fully paid up and non -assessable'
and in the absence of actual fraud
In the transaction. the judgement
of the board of directors as to tire
value of the services rendered or
property 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 thereafter,
with the power of renewal as pro-
vided by law:
ARTICLE VII.
The management and conduct OF
the business, property, and affairs
of the corporation shall be vested
in and conducted by board OF
directors of not less than three Cd
nor more than seven Cd persons,
and all directors, except in case OF
vacancies, shall be elected at the
annual meeting of stockholders, ex-
cept the first board which is choS-
en- as in these articles hereinafter
set forth. The officers of the COM
pany shall consist of a president,
vice-president, secretary and trea-
surer, and such other officers as
the board of directors shall deem
expedient, and all shall be elected
or appointed by the board OF direc-
tors. Any two or more offices, the
duties of the incumbent of which
are not inconsistent, may be held
by the same person. Both the Of
ficers and directors shall hold their
offices for the period of one year
from and after election and quail
fication and until their successors
are elected and qualified, unless re-
moved by the board. The directors
shall have the right to fill any va
cancy occurring in the board by
death, resignation or otherwise,
and the person or persons elected
to fill any 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 corpora
ton on the third Monday in Janu-
ary in each year commencing with
the year 1881. j..
ARTICLE TX.
The incorporators shall name the
persons who shall constitute the
first board of directors and when
so 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 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 work.
ing capital, and to authorize and
cause to be executed mortgages,
debentures and other obligations
which, shall be liens upon the pro-
perty and franchises Of the cor
poration, and, in general, to ex-
ercise all the powers and authority
of the company not expressly with
held from said board by law, or by
these Articles of incorporation, or
by the affirmative action Of the
stockholders.
ARTICLE XI.
The stockholders and members OF
this corporation and their private
property shall be exempt from any
liability for the debts Of this cor
poration.
ARTICLE XII.
With the consent of the holders
of two-thirds (2/3) in amount o1
the capital stock of this corporation
issued and outstanding, when evi-
denced in writing or with the con-
sent of a majority in amount o1
the capital stock of the corporation
issued and outstanding, when ex'
pressed by a resolution adopted a
meeting of the stockholders O.
the corporation duly called anc
held pursuant to the bylaws, th'
directors shall have authority Il
sell or otherwise dispose of in sucl
manner as may be authorized, tn
entire property and assets Of tn
corporation.
ARTICLE XIII.
The indebtedness of this corpora
ton shall at no time exceed tn
sum of Six Hundred Sixty Si
Thousand Six Hundred Sixty 81
and 66 100 ($666,66e6e) Dollars.
ARTICLE XIV.
Duane Bird, of Nogales, SAINT
Cruz County, Arizona, who has bee
a bona fide resident of the State c
Arizona for at least three CD year
is hereby appointed the lawful q
gent of this corporation for and o
behalf of it to accept and acknoW
. ledge service, and upon whom ma
be served all necessary process
any action, suit or proceeding ths
may be held or brought again'
this corporation in any of tt