Nogales international., 1929-04-23
LEGAL NOTICE

/ personal property, ana Cne gOOO
will, rights and property of any
person, firm. association or corp
oration, and pay for the same in
cash or stock, bonds or obligations
of this corporation, or otherwise.
To issue bonds, notes, deben
lures or oth@. forms of corporat'
obligations and to sell. pledge OF
hypothel ate the same and to sc
cure the payment thereof by mort,
gage or otherwise upon all or an!
part of the property of the corp
Grafton; to purchase, acquire, hold
sell and dispose of the stock
bonds or other evidences of in
debtedness of this or any othel
corporation, domestic or foreign
and to issue and exchange there
for its stock, bonds or othe
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 al! of the acts and things here
in set forth, and all such Other
acts, things and business or bust
nesses in any manner connectet
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 its
property or rights, as such a corp
Grafton may lawfully do; and il
| carrying on it's business, or fol
the purpose of attaining or fur
thering any of its objects, to do
any and all acts and things. ano
TO exercise any and all other
powers which a co-partnership OIL
natural person could do and exe,~
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
($10O,000.00) Dollars, divided in
20 ten thousand (1O,000) shares
of the par value of Ten $4,000
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 worcestershire, and in the
absence of actual fraud in the
transaction, the judgment of the
board of direl 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 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 q
board of directors of not less tnan
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-
ectors shall deem expedient. and
all shall be elected or appointef
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 shal! 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
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
AL 41s,,J T,1ooIaxx 80