Nogales international., 1931-05-27
LEGAL NOTICE


do in any part of the world as
principals, agents, contractors,
trustees or otherwise;
The foregoing enumeration of spe-
cific powers shall not be deemed to
limit or restrict in any manner the
general powers of the corporation
and the enjoyment and exercise
thereof as conferred by the laws OF
the State Of Arizona.
ARTICLE v.
The membership OF said club and
of this corporation shall at all
times be limited to fifty (50) per-
sons that shall own not less than
twenty GOO shares each of the cap
ital stock of this corporation and
shall be elected to membership by
the unanimous action of a mem
bership committee Of three CD per-
sons elected annually by the men,
bers at the time of the regular an
nual meeting of the stockholders OF
the corporation, except the first
committee which is selected as is
hereinafter set forth in thesa ar
ticles.
Such members shall have powe-'
by majority membership vote, as
members and not according to the
number of shares of the capital
stock of the corporation owned by
them, to make and alter rules and
regulations to govern the election,
withdrawal expulsion and dlsclpllne
of members and the payment OF
membership dues.
ARTICLE vi.
The authorized amount OF the
capital stock of this corporation
shall be Three Hundred Thousand
($3O0,OO0.0O) Dollars, divided into
three thousand 10000 shares of the
par value of One Hundred ($1O0.0O)
Dollars each. Upon subscription
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, trans
fer and assignment to the corpora
ton of property, property rights or
interests therein, real or personal,
for the uses and purposes OF the
corporation, and in payment for
which, shares of the capital STOCK
of the corporation may be issued,
and such stock so issued shall there
upon and thereby become and be
fully paid up and nonasSeSsable,
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 OF
property purchased shall be con-
elusive.
ARTICLE VII.
The time of the commencement
of this corporation shall be the date
of the issuance to it by the Ari-
zona Corporation Commission of al
Certificate of Incorporation and the
termination thereof shall be twenty
five (25) years thereafter, with the
power of renewal as provided by
law.
ARTICLE VIII.
The management and conduct OF
the business, property and affairs
of the corporation, excepting as
otherwise provided in these articles,
shall be vested in and conducted by
Board of Directors Of not less
than three co nor more than sew
en- CD persons, and all directors,
except in case of vacancies, shall De
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 president, secre-
tary and treasurer, and such other
officers as tee Board Of Directors
shall daam exped.5n5, and all shall
be elected or appointed by the
Board of Directors Any two or more
offices, the duties Of the incur2-
bent of which are not inconsisten,
may be held by the same person.
Both the officers and directors shall
hold their offices for the period OF
one year frona and after election
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 by death, resignation, or 9th
erwise, and the person or persons
elected to fill any such vacancy or
vacancies shall hold his office un-
til the next regular meeting Of
stockholders.
ARTICLE TX.
The regular annual meeting OF
the stockholders shall be held at
the principal office Of the corpora
ton en- the fourth Tuesday in Feb
ruary Of each year, commencing
with the year 1882.
ARTICLE <.
The incorporators shall name the
persons who shall constitute the
first Board OF Directors and when
so selected by the incorporators said
members of the board shall serve
until tho first annual stockholders