Nogales international., 1932-01-20

OGtUC VI E1IlZOI1d, DuL C1lG corpora
ton may have such branch offices,
within or without the State of Ari-
zona as may be hereafter establish
ed by the board of directors, and
meetings of the board of directors
may be held and any business trans
acted at any branch office.
ARTICLE Nv.
The general nature of the busi-
ness proposed to be transacted and
carried on by this corporation is
as follows:
(a) To engage in and carry on
general farming, horticulture and
livestock business in all Of it's
phases, breeding, raising and mark
citing cattle, horses, sheep, goats,
mules, asses and swine; to con-
struct, erect, establish, operate and
maintain hotels, inns and guest
ranches and to maintain and car
ry on general hotel, inn and guest
ranch business; to ru1l, operate and
control stores and do general
merchandise business and to buy,
sell, trade and deal in any and all
kinds Of goods, wares and merch-
andise IN connection Herewith.
Co To purchase or otherwise ac-
quire, own, improve, hold, subdivide,
plat, sell, exchange, lease, dispose
Of, mortgage and deal in real es-
tate, whether located in the State
Of Arizona or elsewhere; to pur-
chase or otherwise acquire, own,
hold, sell, exchange, lease, dispose
of, mortgage, pledge and deal in
personal property Of all kinds
whether located in the State OF
Arizona Or elsewhere; to acquire,
own, hold, sell, exchange. execute.
issue, pledge and deal in bonds,
notes, stock and commercial paper
of all kinds, to enter into, make,
perform and carry out contracts
Of every kind and for any lawful
purposes with any person, firm or
corporation, or with any town, city,
county, state or public or quasi
public corporations; also to issue
bonds of any amount authorized by
law for the purpose Of securing
funds for corporate purposes, and to
secure the payment Of the same by
q mortgage Or deed Of trust upon
the whole or any part of the real or
personal property OF the corpora
tion at any time held or owned by
it; to subscribe for, purchase or
otherwise acquire and hold, with
the samc rights of ownership there
in as may be permitted to natural
persons, the shares, bonds and obli-
cations of any corporation organ
lied under the laws OF any state,
territory, district or colony OF the
United States or in any foreign
country, as well as the shares OF
this corporation; to borrow money
and to execute and issue bonds and
notes or mortgages for the security
and payment Of the same; and in
vest its funds and assets in such
loans. mortgages and bonds as in
the opinion of the board of direct
ors is necessary or convenient; to
sign, execute and deliver promiSSory
notes, checks and other CONNER
cial paper
Co To do all things necessary or
incidental to the various lines Of
business herein specified, and at
such place or places within or
without the State Of Arizona as
may suit the convenience Of this
corporation.
Cd To do any and all things
herein set forth to the same extent
as natural persons might or could
do in any part of the world as
principals, agents, contractors, truS--
tees or otherwise.
The foregoing enumeration Of
specific powers shall not be deemed
to limit or restrict in any manner
the general powers Of the corpora
ton and the enjoyment and exer-
else thereof as conferred by the
laws of the State Of Arizona.
ARTICLE v.
The authorized amount of the
capital stock of this corporation
shall be Five Hundred Thousand
(S50O,OOOO0) Dollars, divided into
five hundred thousand (500,O00)
shares of the par value of One
(Sl.0O) Dollar each. Upon subscrip-
ton 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 Sd issued shall
thereupon and the ,hy become and
be fully paid up ar worcestershire,
and in the absenca Ct actual fraud
in the transaction, the judgment Of
the board of directors as to thc
value Of the services rendered or
property purchased shall be con-
elusive;
ARTICLE VI.
The time of the commencement
of this corporation shall be the date
OF the issuance to 1t by the Arizona