Nogales international., 1929-12-17

the purposes, or the attainment
any one, or more, of the object
herein enumerated, or which shal
at any time appear conducive O
expedient for the protection, or tn
benefit of the corporation, elthe
as holder of, or as an intereste'
party in any property whatsoever
to do any and all of the things here
in set forth to the same extent a
natural persons might or could do
it is the intention that the object
specified in this article shall, tx
cept where otherwise expressed
therein, be in nowlse limited or re
stricted by reference to or by In
ference from the terms Of any othel
paragraph or clause of these Articles
of Incorporation; that the objects
specified in each of the clauses o.
these articles. and the powers de-
scribed in or incidental to each o1
the paragraphs of this certificate
shall be regarded as independent
objects and powers.
ARTICLE v.
The authorized Capital Stock o1
this Corporation shall be FIFTY
THOUSAND DOLLARS ($50,000.
0O), divided into FIVE HUNDRED
(5o0) SHARES, OF par value of ONE
DOLLARS ($100.00)
EACH. At such times as the Board
of Directors may by resolution di-
rect, said capital stock shall be paid
into this Corporation, either in cash
or by the sale and transfer to 1t OF
real or personal property, contracts
services or any other valuable right
or thing for the use and purposes
of said Corporation, in payment for
which shares of the capital stock
of said Corporation may be issued,
and the capital stock Of said Cor
poration so issued shall thereupon
and thereby become and be fully
paid up and non -assessable forever:
and in the absence of actual fraud
in the transaction, the Judgment OF
the Directors as to the value of the
property purchased shall be conclu-
sive.
ARTICLE VI.
The time of the conmence cement
Of this Corporation shall be the date
Of the filing Of these Articles Of In
corporation for record in the office
Of the Arizona Corporation Com
and certified copy there
Of recorded in the office Of the
County Recorder of Santa Cruz
County, Arizona, and a Certificate
Of Incorporation delivered to said
company by the Arizona Corpora
tion Commission, and the termina-
tion thereof shall be twenty-five
(25) years thereafter, with privilege
Of renewal as provided by law.
ARTICLE VII.
T The affairs of this Corporation
shall be conducted by Board Of
not less than three CD nor more
than seven CD Directors as may
be provided by the BY Laws. and
such other officers as the Directors
may elect or appoint.
And the following named persons
shall constitute the Board of Three
Directors until their successors are
elected and have qualified.
Frank Brousse
Celestino Sanchez
Manuel F. Gonzales.
Thereafter the Board of Directors
shall be elected from among the
at the Annual Stock
holders Meeting to be held on the
Second Tuesday Of January Of each
year.
ARTICLE VIII.
The Board Of Directors shall have
power to adopt and amend bylaws
for the government Of the corpora
ton, and to fill vacancies occurring
on the Board of Directors for any
cause.
ARTICLE TX.
The highest amount Of indebted
ness or liability, direct or conting
ent, to which this corporation shall
be subject at any one time shall In
no case exceed Thirty Thousand
Dollars, ($30, ,000.0O.
ARTICLE K.
The private property Of the stock
holders of this corporation shall bt
exempt from all corporate debts o.
any kind whatsoever.
IN WITNESS WHEREOF, we have
hereunto set our hands and seal'
this 9th day Of November A. D
1929.
CELESTINO SANCHEZ (SEAL
= FRANK BROUSSE (SEAL.
STATE OF ARIZONA }
)ss
COUNTY OF PIMA
This instrument was acknowledg
ed before me this 9th day Of Novem
Der, 1929. by CELEsTINO SAN
CHEZ.
My commission expires Januar.
nth, 1888.
(NOTARIAL) MARY A. CARNEY
(SEAL) Notary Public.
STATE OF ARIZONA, }
)Ss
COUNTY OF SANTA CRUZ. }
This instrument was acknowledg
cd hafora me- this 9Th dav of No