Nogales international., 1931-05-20
LEGAL NOTICE

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 o.
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-
IONA Corporation Commission of a
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
a Board of Directors of not less
than three 90 nor more than sew
en- Cd persons, and all directors.
except in case Of vacancies, 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 president, seere-
tary 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 incum-
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 from 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 on the fourth Tuesday in Feb
ruary of each year, commencing
with the year 1882.
ARTICLE K.
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 the first annual stockholders |
meeting and until their successors
are elected and qualified. Said in
corporators shall also name the per-
sons who shall constitute the first |
committee and when
so selected by the incorporators
said members of said membership
committee shall serve until the first
annual membership meeting and
until their successors are elected
and qualified.
ARTICLE XI.
The Board of Directors shall have
the power to make and alter the
bylaws of the corporation; to fix
the amount to be reserved as work
ing capital, and to authorize and
cause to be executed mortgages, de-
oentures and other obligations
which shall be liens upon the pro-
oerty and franchises of the cor
ooration, and in general, to eXer-
Use all the powers and authority of
he corporation not expressly with
leld from said board by law, or
oy these articles of incorporation,
,r by the affirmative action Of the
stockholders, except as otherwise |