Nogales international., 1930-01-28
LEGAL NOTICE

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 conclusive.
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 certif-
icate of Incorporation, and the ter
mination thereof shall be twenty
five (25) years thereafter, with pri-
vilege 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 board of direc-
tors of not less than three 60 nor
more than five (5) persons, and all
directors, except in case of vacan-
cies, shall be elected at the annual
meeting of stockholders, except the
first board, which is chosen as in
these articles hereinafter set forth
The officers of the corporation shall
consist of a president, vice-presi-
dent, secretary and treasurer, and
such other officers as the board OF
| directors shall deem expedient, and
all shall be elected or appointed by
the board of directors. ANY two OF
more offices, the duties of the in
culnbent of which are not incon-
sistent, may be held by the same
person. Both officers and directors
shall hold their offices for the per-
iod of one year from and after elec-
ton and qualification and until
their successors are elected and
qualified, unless removed by the
board. The directors shall have the
right to fill any vacancy occurring
in the board of directors by death,
resignation or otherwise, and the
person or persons elected to fill any
such vacancy or vacancies shall hold
office until the next regular meet
ing of stockholders.
ARTICLE VIII.
The regular annual meeting of the
stockholders shall be held at the
principal office of the corporation
on the second Monday i'll January
in each year commencing with the
year 1881.
ARTICLE TX.
The incorporatorS shall name ; the
persons who shall constitute the
first board of directors, who Will
serve until the first annual stock.
holders meeting and until theil
successors are elected and qualified
| ARTICLE K.
The board of directors shall have
the power to make and alter th'
bylaws of the corporation; to fl
the working capital, to authorize
and cause to be executed mortgages
debentures and other obligation
which shall be liens upon the pro
perty and franchises of the corpora
ton, and exercise all the powers ant
authority of the company not ex
, pressly withheld from said board b,
law, or by these articles OF 1ncorpor
alton or by the affirmative actiol
i, of the stockholders.
ARTICLE XI.
The stockholders and members O
! this corporation and their privat
: property shall be exempt from an
liability for the debts Of this cor
8 poration.
= ARTICLE XII.
With the consent of the holder
of two-thirds (2-3) in amount c
the capital stock of this corpora
= ton issued and outstanding, whe
: evidenced In writing or by a resc
9 luton adopted at meeting OF th
stockholders of the corporation, dul
:. called and held pursuant to the BY
:. laws, the directors shall have tt
! authority to sell or otherwise oil
:, pose of the entire property and a.
:, sets of the corporation In such mar
= ner as may be authorized.
= = ARTICLE XIII.
The Indebtedness of this corpo
- alton shall at no time exceed Il
= sum of One Hundred Thousand al
= no 400 Dollars ($100,000.OO.
ae ARTICLE XIV.
10 G. A. Little of Nogales, San
:, Cruz County, Arizona, who has be-
~ a bona fide resident Of the Sta
- ~ of Arizona for at least three {
g g years, is hereby appointed the LAY
n, full agent of this corporation t
of and on behalf of it to accept al
N acknowledge service, and upon who
of may be served all necessary pr
ne cess in any action, suit or procee
ed ing that may be held or broug
r. against this corporation in any
e. the courts of the State of Arizol
i'd and for all purposes required
Ter law.
I'd IN WITNESS WHEREOF, we hs
" hereunto set our hands this
nd day of January, 1880.
of j. G. BRACKER
er- CHAS. j. BRACKER
for SAMUEL BRACKER
Dr. STATE OR ARIZONA
Ch,I
he COUNTY OF SANTA CRUZ
lch The foregoing instrument was
nd knowledged before me on this