Nogales international., 1929-10-15
LEGAL NOTICE


with the same rights of ownership
therein as may be permitted to
natural persons, the shares, bonds
and obligations of any corporation
organized under the laws of any
state, territory, district or colony Of
the United States or in any foreign
country, as well as the shares of
this corporation; to borrow money
and to execute and issue bonds and
notes or mortgages for the security
and payment of the same; and in
vest it's funds and assets in such
loans, mortgages and bonds as in
the opinion of the board of direct
ors is necessary or convenient; to
sign, execute and deliver promiS-
sorry notes, checks and other COM
mercial paper.
Co To do all things necessary or
incidental to the various lines of
business herein specified, and at
such places or places within or
without the State Of Arizona as may
suit the convenience Of this cor
poration.
I'D To do any and all things
herein set forth to the same extent
as natural persons might or could
do in any part of the world as
principals, agents, contractors, truS-
tees or otherwise,
The foregoing enumeration Of
specific powers shall not be deemed
to limit or restrict in any manner
the general powers of the corpora
ton and the enjoyment and exer-
else thereof as conferred by the
laws of the State of Arizona.
/ ARTICLE V.
The authorized amount of the
capital stock Of this corporation
shall be One Hundred Thousand
i ($100,000.00) Dollars, divided into
one hundred thousand 100000
shares of the par value of One
i ($100) 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 or
i. 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
7 value of the services rendered OF
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 90 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.
Il ARTICLE TX.
i 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 K.
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.