Nogales international., 1932-05-28
LEGAL NOTICE

anu III carrying on lCS business, or
for the purpose of attaining or
furthering any of its objects, to do
any and all acts and things and to
eXercisa any and all other powers
which partnership Or natural
person could do and exercise, and
which now CT hereafter may BE- au-
thortzed by law, and either as. OF
by and through principals, agents,
attorneys, trustees, contractors, fac
tors, lessons, lessees, Or othtrW;se,
either alone or in conjunction with
others and in any part Of the world;
and in addition to have and to ex-
crcise all the rights, powers and
privileges now or hereafter belong
ing to Or conferred upon corpora
tons organized under the provi-
slons Of the law authorizing the
fo~alaticn of such corporations.
ARTICLE V.
The authorized amount OF the
capital stock Of this corporation
shall be One Hundred Thousand
($100 00OOO) Dollars, divided into
one hundred thousand (100,000)
shares of common stock Of the par
value of One ($10O Dollar per
share. 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, transfer, and as
signment to the corporation of pro-
perty, property rights or interests
therein, real or personal, for the
uses and purposes of the corpora
tica: and in payment for which,
shares of the capital stock Of the
corporation may be issued, and such
stock SO issued shall the-eupon and
thereby become and be fully paid
I'd and non -assessable, and in the
absence of actual fraud in the tran
saction, the judgment of the Board
of Directors as to the value Of the
services rendered or property pur-
chased shall be conclusive.
ARTICLE VI.
The time of the commencement OF
this corporation shall be the date
of the issuance to it by the Ari-
zona Corporation Commission Of a
certificate of Incorporation, and the
termination thereof shall be twenty
five years thereafter, with the pow
er or renewal os 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 dir
ectors 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 chos-
en- as in these articles hereinafter
set forth. The officers of the COM
pany shall consist of president,
vice president, secretary and trea-
surer, and such other officers as the
board of directors shall deem eX-
pedient, and all shall be elected or
appointed by the board of direc-
tors. Any two or more offices, the
duties of the incumbent of which
are not inconsistent, may be held
by the same person. Both the Of
ficers and directors shall hold their
offices for the period of one year
from and after election and quail
flcation and until their successors
are elected and qualified, unless re-
moved by the board. The directors
shall have the right to fill any va
cancy occurring in the board by
death, resignation or otherwise, and
the p3rson or persons elected to fill
any such vacancy or vacancies shall
hold his office until the next re-
gular meeting OF stockholders.
ARTICLE VIII.
The regular annual meeting of
the stockholders shall be held at
any of the offices of the corpora
ton, or at any other place agreed to
in writing by the stockholders, or
the third Monday in January in
each year commencing with the year
1888.
ARTICLE TX.
The incorporators shall name the
persons who shall constitute the
first board OF directors and when
so elected 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 x
The board Of directors shall have
the power TO make and alter the
bylaws of the corporation; to fix
the amount OF compensation, if
any. to be paid by the corporation
to its officers and directors; to fix
the amount 10 be reserved as work
ing capital. and to authorize and
cau-e to bc executed mortgages,
deb 2ntures, and other obligations