Nogales international., 1931-04-22
LEGAL NOTICE

! WA "a kNAoOAA NOGA0 Wv 6t4ASl O<A$A OAON,
and which now or hereafter may be
authorized by law, and either as, or
by and through principals, agents,
attorneys, trustees, contractors, fac
tors, lessons, lessees, or otherwise,
either alone or in conjunction with
others and in any part of the world;
and in addition to have and to ex-
ercise, all the rights, powers and
privileges now or hereafter belong
ing to or conferred upon corpora
tions organized under the provisions
of the law authorizing the formation
Of such corporations.
ARTICLE V.
The authorized amount of the ca
pital stock of the corporation shall
be One Hundred Thousand (S100,-
100000 Dollars, divided into one
hundred thousand (100,000) shares
of the par value of One ($100) Dol
lar each. Upon subscription there
for said capital stock shall be paid
into the corporation in such man
ner and upon such terms as the
Board Of Directors may fix in cash,
services, or by the sale, transfer and
assignment to the corporation OF
property, property rights or inter
ests therein, real or personal, for
the uses and purposes of the COR
poration, and in payment for which,
shares Of the capital stock Of the
corporation may be issued, and such
stock so issued shall thereupon and
thereby become and be fully paid
up and non n-assessable, 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 cer-
tificate Of incorporation, and the
termination thereof shall be twenty
five (25) years thereafter, with the
power 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 a Board OF
Directors of not less than three 90
nor more than seven Cd persons,
and all directors except in case of
vacancies, shall be elected at the
annual meeting of stockholders, ex-
cept the first board, which is chosen
as in these articles hereinafter set
forth. The officers Of the corpora
ton shall consist of a President,
Vice President, Secretary and a
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 Of
fees the duties of the incumbent OF
which are not inconsistent, 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 sue
cesSors 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 VIII.
The regular annual meeting of the
stockholders shall be held at the
principal office Of the corporation
on the third Monday in February
of each year, commencing with the
year 1892.
ARTICLE TX.
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.
ARTICLE K
The Board Of Directors shall have
the power to make and alter the
bylaws of the corporation, to tx
the amount to be reserved as work
ing capital, and to authorize and
cause to be executed mortgages, de-
bentures and other obligations
which shall be liens upon the pro-
perty ard franchises Of the corpora
ton, and, IN general to exercise all
the powers and authority OF the
corporation not expressly withheld
from said board by law, or by these
Articles of Incorporation. or by the
affirmative action of the stock
holders.
ARTICLE XT.
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