Nogales international., 1930-01-31
LEGAL NOTICE

t LEGAL NOTICE
up and worcestershire. and in the
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
rnination thereof shall be twenty
five (25) years thereafter, with pri-
: vilege of renewal as provided by law.
i 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 90 nor
more than five 60 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 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 or
more offices, the duties Of the in
cumbent 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 in 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 their
successors are elected and qualified.
ARTICLE x.
The board of directors shall have
the power to make and alter the
! bylaws of the corporation; to fix
the working capital, to authorize
and cause to be executed mortgages,
debentures and other obligations
which shall be liens upon the pro-
perty and franchises of the corpora
ton, and exercise all the powers and
authority of the company not eX-
pressly withheld from said board by
law, or by these articles of Incorpor-
alton or by the affirmative action
of the stockholders.
ARTICLE XT.
The stockholders and members Of
this corporation and their private
property shall be exempt from any
liability for the debts Of this cor
poration.
l ARTICLE XII.
With the consent of the holders
of two-thirds (2-3) in amount OF
the capital stock of this corpora
ton issued and outstanding, when
evidenced in writing or by a reso-
luton adopted at meeting of the
stockholders of the corporation, duly
called and held pursuant to the by
laws, the directors shall have the
authority to sell or otherwise dis
pose of the entire property and as
, sets of the corporation in such man
ner as may be authorized.
:. ARTICLE XIII.
The indebtedness of this corpor-
alton shall at no time exceed the
sum of One Hundred Thousand ano
= no Zoo Dollars ($100,0000O).
: ARTICLE XIV.
= G. A. Little of Nogales, Santa
Cruz County, Arizona, who has beer
!, a bona fide resident of the State
;, of Arizona for at least three (3)
:. years, is hereby appointed the law
:. full agent of this corporation fol
f and on behalf of it to accept anc
= acknowledge service, and upon whom
f may be served all necessary pro-
q cess in any action, suit or proceed
d ing that may be held or brough
= against this corporation in any O
: the courts of the State of Arizona
d and for all purposes required b.
r law.
d IN WITNESS WHEREOF, we hav'
= hereunto set our hands this 6tl
d day of January, 1880.
# j. G. BRACKER -
= CHAS. j. BRACKER
,r SAMUEL BRACKER
: STATE OR ARIZONA
4, )ss
le COUNTY OF SANTA CRUZ }
h The foregoing instrument was &C