Nogales international., 1929-12-06
LEGAL NOTICE


cash. services, or by the sale, trans
fer and assignment to the corpora
tion of property, property rights or
interests therein, real or person.
al. for the uses and purposes 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 there
upon and thereby become and be
fully paid up and worcestershire.
and in the absence of actual fraud
in the transaction, the Judgment Of
the board of directors as to the va
lue of the services rendered or pro-
oertv purchased shall be conclusive.
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 GER
tificate of incorporation, and the
termination thereof shall be twenty
five (25) years thereafter, with the
power of renewal as provided 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 direc-
tors Of not less than three co nor
more than seven CD persons, and
all directors. except in case Of va
cancies, shall be elected at the an
nual meeting Of stockholders, ex-
cept the first board, which is chosen
as in these articles hereinafter set
forth. The officers of the company
shall consist of a president, vice.
president, secretary and treasurer.
and such other officers as the board
of directors shall deem expedient.
and all shall be elected or appoint
ed by the board of directors. ANY
two or more offices, the duties of
the incumbent of which are not in
consistent, may be held by the same
person. Both the officers and direc-
tors shall hold their offices for the
period Of one year from and after
election and qualification and until
their successors are elected and
qualified, unless removed by the
board. The directors shall have the
right to fiji any vacancy occurring
in the board by death. resignation
or otherwise, and the person or per-
SONS elected to fill any such vacan-
cy or vacancies shall hold his Of
flee 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 corporation on
the third Monday in January in
each year commencing with the
year 1881.
I ARTICLE TX.
| The incorporators shall name the
persons who shall constitute thu
first board Of directors and wher
so elected by the incorporators sale
members of the board shall serv'
until the first annual stockholders
meeting and until their successor
are elected and qualified.
ARTICLE 4.
The board Of directors shall hav
the power to make and alter the by
laws Of the corporation; to fix tn
amount to he reserved as workin
; capital, and to authorize and caus
to be executed mortgages. deben
; lures and other obligations whic
J shall be liens upon the property an
franchises Of the corporation. ant
. In general, to exercise all the pow
: .ers and authority of the compan
not expressly withheld from sal
= board by law, or by these Article
of Incorporation, or by the affii
| native action Of the stockholder
ARTICLE XXI.
The stockholders and members
this corporation and their priva'
Q property shall be exempt from ar
= liability for the debts Of this corpo
1 alton
o ARTICLE XII.
u With the consent Of the holde
Z Of two-thirds (2-3) In amount
4 the capital stock Of this corporatio
- issued and outstanding, when ev
d denced In writing or with the COZ
5 sent Of q majority In amount Of Il
capital stock Of the corporation,
t- sued and outstanding, when expire
y sed by resolution adopted at
70 meeting Of the stockholders Of t
y corporation duly called and he
% pursuant to the bylaws, the dire
u tors shall have authority to sell
ct otherwise dispose Of in such mann
8. al may be authorized, the ent
A. property and assets Of the !corpol
;. ti6n..
: : ARTICLE XIII
u The indebtedness OF this corpol
y tiou shall at no time exceed the 81
~ OF sixty Blk Thousand Six Humid
=, Sixty Six and 66/l0o ($s6.sss.
- Dollars.
v ARTICLE XIV.
Duane Bird, Of Nogales. Sa
Cruz County, Arizona. who has b.
q bona fide resident Of the State
-, ~ Arizona for at least three 90 ye'
sn 80. is hereby appointed the lawful ag
~ =. Of this corporation for and on
~. half of it to accept and ackn'
~ ledge service, and upon whom !
~ be served all necessary process
~ any action, suit or proceeding
'eH 'e may be held or brought against
=. corporation in any OF the courts