Nogales international., 1929-09-27

! The time OF Gne 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 sfive (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 a 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.
ARTICLE TX.
The incorporators shall name the
I 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 Of
the capital stock of this corporation,
issued and outstanding, when evi-
denced in writing or with the con-
sent of q majority in amount Of
the capital stock of the corporation,
issued and outstanding, when ex-
pressed by a resolution adopted at
a meeting of the stockholders Of
the corporation duly called and
held pursuant to the bylaws, the
directors shall have authority to
sell or otherwise dispose of in such
manner as may be authorized, the
entire property and assets Of the
corporation.
ARTICLE XIII.
The indebtedness of this corpora
ton shall at no time exceed the
sum of Six Hundred Sixty Six
Thousand Six Hundred Sixty Six
and 66 100 ($666, ,666.66) Dollars.
ARTICLE XIV.
Duane Bird, Of Nogales, Santa
Cruz County, Arizona, who has been
a bona fide resident of the State of
Arizona for at least three 90 years,
Is hereby appointed the lawful a.
gent of this corporation for and on
behalf of it to accept and acknow-
ledge service, and upon whom may
be served all necessary process in
any action, suit or proceeding that
may be held or brought against
this corporation in any of the
courts of the State Of Arizona, and
for all purposes required by law.
! IN WITNESS WHEREOF, we
have hereunto set our hands this
14th day Of September, 1929.
q, DAN FOLTz
! H. H. SMITH
STATE OF ARIZONA }
)ss.
COUNTY OF SANTA CRUZ }
The foregoing instrument was ac-
knowledged before me on this the
18th day of September, 1929, by
Dan Folts and H. H. Smith, who
!. stated to me that they executed the