Nogales international., 1929-03-01
LEGAL NOTICE


factors, lessons, sessees, or other
wise, either alone or in conJunc-
ton with others and in any part
of the world; and in addition to
have and TO exercise all the rights,
powers and privileges now or here
latter belonging to OF conferred
upon corporations organized un-
der the provisions of the law au-
thorizing the formation of such
corporation.
ARTICLE w.
The authorized capital stock of
this corporation shall be One
Hundred Thousand ($1O0,000.00)
Dollars, divided into Ten Thous
and 100000 shares of the par
value Of Ten ($10.O0) Dollars
each, and said stock shall be is
sued fully paid and worcestershire
at such time and in such manner
as the Board of Directors may de-
termine in exchange for cash, pro-
perty, services or other valuable
night or thing, and the judgement
ct the Board of Directors as to
the value OF such property, SER
vice, right or thing shall, In the
absence Of fraud, be conclusive.
ARTICLE vi.
The time Of the commencement
of this corporation shall be the
,ate of the fling of these Articles
Win the Arizona Corporation
Commission, and the termination
thereof shall be twenty-five years
thereafter, with the privilege Of
renewal, as provided by law.
ARTICLE VII.
The management and conduct
of tie business, property and al
tairs Of the corporation shall be
VISITED in and conducted by a
Roard of Directors of not Less than
three nor more than five persons,
each a stock holder in this corpora
ton, and each director, except IN
case of vacancies shall be elected
at the annual meeting of stock
holders exc ept the first Board,
which is chosen as in these Artlc- !
les hereinafter set forth.
The officers of the company |
consists Of a president, vice-presi-
cent, secretary and treasurer and
such other officers as the Board
of Directors shall deem expedient,
and al! sha!! be elected or appoint
ed by the Board of Directors. Any
two or more offices, the duties of
the encumbered of which are con-
3istent maybe held by the same
person. Both the officers and direc-
cors shall hold their office for the
yeriod Of one year from and af- |
-er election and qualification and |
.ntil their successors are elected
md qualified, unless removed by |
The Board. The directors shall have
ne right to fill, any vacancies oc-
3urring in the Board by death, re-
&ignation or otherwise, and the
person or persons elected to fill
any such vacancies shall hold his
office until the next regular meet
ing of stock holders.
ARTICLE VIII.
The regular annual meeting of
the stock holders which shall be
held in the main office of the cor
poration on the first Monday of
October beginning with the year
1929, unless such day shall fal!
on a legal holiday, and in which
event such meeting shall be on
the next secular day.
ARTICLE TX.
The incorporators shall name
the persons who shall constitute
the first Board of Directors and
when so selected by the incorpora-
tors said members of the Board
shall serve until the first annual
stock holders meeting and until
their SUCCESSORS are elected and
qualified.
A majority of the Board of Di-
.ectors snail constitute a quorum
and except as herein and in the /
,y-laws otherwise provided, shall
nave the same authority and pow
ers as it a bull Board were present.
ARTICLE x.
The Board OF Directors shall
have the power to make and alter |
lne bylaws of the corporation;
to fix the amount to be reserved |
as working capital, and to author
lze and cause to be executed, mort
cages, debentures and other obi
gatlons which shall! be liens upon
tne property and franchises of the
corporation, and, in genera. to
exercise all the powers and au-
lnonty OF the company not ex-
pressly withheld from said Board
Dy law, or by these Articles of
incorporation, Or by the affirma-
tive action OF the stock holders.
ARTICLE XI.
The stock holders and members
OF this corporation and their pri-
vates property shall be exempt from
any liabilities for the debts of this
corporation.
ARTICLE XII.
The highest amount of indebt-
ness or liability direct or conting-
ent, to which this corporation
saal. at any time subject itself
shall be computed by rules and
regulations by the Arizona Cor
poration Commission but shall not
exceed Sixty Six Thousand 1885,
oOO.0O) Dollars.
ARTICLE XIII.
| Bonsal! Noon, of Nogales, Ari-
zona, who has been bona fide
resident of the State Of Arizona
Tor at Least three years, is hereby
c.r,,aai.a4al Il, l.,1.rG..l e 4l: