Nogales international., 1929-10-04
LlENAT { !. / NHFttta.

principals, agents. contractors, CFuS
tees or otherwise, -.
The foregoing enumeration O
specific powers shall not be deeme,
to limit or restrict in any manne
the general powers of the corpora
ton and the enjoyment and exer
else thereof as conferred by tn
laws of the State of Arizona.
ARTICLE v.
The authorized amount of tn,
capital stock of this corporation
shall be One Hundred ThousanC
($1OO,OO0OO) Dollars, divided int
one hundred thousand 100000.
shares of the par value of Ont
($1.00) Dollar each. Upon subscrip-
ton 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 cor
poration of property, property
rights or interests therein, real OF
personal, for the uses and purposes
of the corporation, and In payment
for which, shares of the capital
stock of the corporation may be is
sued and such stock so issued shall
thereupon 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
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 direct
ors of not less than three CD nor
more than seven CD persons, and
all directors, except in case Of vac
ancies. shall be- elected at the an
nual meeting Of stockholders, ex-
cept the first board which, is cho-
sen 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 direct
orS. 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 such vacancy or vacan-
cies shall hold his office until the
next regular meeting Of stockhold-
ers.
ARTICLE. VIII.
The regular annual meeting of
the stockholders shall be held at
the principal office Of the corpora
ton on the second Monday in jan
uary of each year, commencing
with the year 1881.
ARTICLE TX.
The incorporators shall name the
persons who shall constitute the
first board of directors and when
so selected by the incorporators
said members of the board shall
serve until the first annual stock
holders 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 corpora
ton, and, in general, to exercise all
the powers and authority Of the
company not expressly withheld
from said board by law, or by these
Articles Of Incorporation, or by the
affirmative action of the stock
holders.
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.
The indebtedness of this corpora
ton shall at no time exceed the
sum of Sixty Six Thousand Siz
Hundred Six and 66/1 ($66, $685.
66) Dollars.
ARTICLE XIII.
Duane Bird, of Nogales, Sants
Cruz County, Arizona, who has beer
a bona fide resident of the State
of Arizona for at least three (3I
years, is hereby appointed the law.
full agent of this corporation fol
and on behalf of it, to accept ano
acknowledge service, and upon whom