Nogales international., 1929-10-08
LEGAL NOTICE

the same by mortgage or deed Of
trust upon the whole or any part
of the real or personal property o1
> the corporation at any time helc
or owned by it; to subscribe for
purchase or otherwise acquire ano
hold, with the same rights of own
ership 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 assests 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 promissory
notes, checks and other commercial
paper.
cd To do all things necessary or
incidental to the various lines OF
business herein specified, and at
such place or places within or with
out the State of Arizona as may
suit the convenience of this corpora
ton.
(e) 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,
trustees 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
($1O0, 100000 Dollars, divided into
i one hundred thousand 100,0OO
shares of the par value of One
(S1.OO) 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 per-
sonal, 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 non-asses-
sable, and in the absence Of actual
fraud in the transaction, the judg-
ment of the board of directors as
| to the value of the services render
ed or property 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 Arizo-
no Corporation Commission of a
Certificate of incorporation and the
termination thereof shall be twen-
ty-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
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 president
; vice-president, secretary and treas
urer, and such other officers as the
, board of directors shall deem ex.
pedient, and all shall be elected OF
appointed 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 anc
directors shall hold their offices fol
the period of one year from anc
after election and qualification anc
until their successors are elected
and qualified, unless removed BY
the board. The directors shall have
the right to fill any vacancy occur.
ring in the board by death, resigna.
ton, or otherwise, and the persor
or persons elected to fill any such
vacancy or vacancies shall hold hi
office until the next regular meet
ing of stockholders.
ARTICLE VIII.
The regular annual meeting o.
the stockholders shall be held a
the principal office of the corpora
ton on the second Monday in Jan
> uary of each year, commencing will
= the year 1881.
ARTICLE TX.
The incorporators shall name tn
persons who shall constitute tn
. first board of directors and whel
:, so selected by the incorporation
= said members of the board shal
. serve until the first annual stock
holders meeting and until thei
y successors are elected and qualified
ARTICLE x.
The board of directors shall hav