Nogales international. [volume] (Nogales, Ariz.) 1926-1979, 1932-04-13
LEGAL NOTICE

own, cancel, ana reissue SHARES Oh
its own capital stock and to own
and vote shares of other corpora
tons; to issue bonds, notes and
other evidence of Indebtedness and
to secure the payment of the same
by mortgage, deed of trust, or 9TH
erwiSe; to act as agent, trustee or
broker, and to borrow and loan mon
ey, and in general to do and per-
form such acts and transact such
| business, not inconsistent with law,
in any part of the world, as the
Board Of Directors may deem to
the advantage of the corporation.
Co To engage in the manufacture
and sale of all kinds of tools, i'm
plements, machinery, supplies, ap-
planes, goods, wares and morch-
andiSc.
cd To lay out, purchase, build,
construct, lease, maintain and OPP
crate trails, wagon and toll roads,
turnpikes, canals, acquiducts, ditch
es, fumes, and pipe line of all kinds.
(e) To maintain, operate, SELL
exchange and otherwise dispose of
stores of all kinds, to buy, sell, hy-
pothecate, mortgage, hold, pledge,
exchange, barter, and generally to
deal in personal property of every
class and nature, including precious
and other metals and stone, chooses
in action, stocks and bonds, of all
kinds, including the stocks of this
Corporation, securities, mortgages,
promissory notes and other obliga-
tions, and to do any and all things
that may lawfully be done by pri-
vate person. To have power to sign
bonds and securities.
v.
That the authorized amount of
the capital stock of this Corpora
ton is One Hundred Thousand
/ ($1OO,O0O.OO) Dollac5 divided into
! One Hundred Thousand Shares
100000 Of the par valhe of One
! (S1OO) Dollar each, which said
stock when issued shall be fully
paid and -assessable and may be
sold and issued in exchange for
cash or in exchange for services, Or
ether property real Or personal on
| such terms and at such times as
the Board of Directors may pre-
scribe, and said board shall have
! the full discretion and power to fix
] the value of property or services Tor
| which stock may be exchanged, and
! the determination by caid Board OF
the value of any such property OF
services shall in the absence Of fraud
be conclusive as to such value.
The stock of this Corporation shall
be sold. exchanged or issued rs its
/ Board of Directors may from time
to time determine, and in manner
as by it's bylaws provided and when
so issued shall thereupon and There
bv be and become fully paid and
non assessablc.
vi.
The time of the commencement
of this Corporation shall be when
I it shall have been issued it's GER
tificate of incorporation therefor
and its termination shall be twenty
five years thereafter
VII.
The highest amount OF liability
or Indebtedness direct or contingent
to which this Corporation may at
any one time subject itself shall be
Fifty Thousand ($50,00000) Dollars
VIII.
The private property Of the stock
holders of this corporation shall DC
forever exempt from liability or
account of any Indebtedness or o5li-
cations of this Corporation.
TX
The business and affairs Of this
Corporation shall be conducted by
and through its Board of Directors,
such Board of Directors shall con-
sis5 of not les than three nor more
than fifteen members, as by its by
laws may be provided, and the mem
bers of said Board shall be stock
holders in this Corporation anc
elected annually, on the first Tues
day in February Of each year, com
mencing With the year 1888; provld-
ed, however. that the Board OF Dir
cctcrs may elect and appoint as II
the bylaws CT the Corporation may
b. provided. cuch other officers, II
addition to those IN these
Art cles OF Incorporation spe-
officially mentioned, and by
resolution appoint such com
mittee from its own members
IS the Board may see fit, and may
rocall and discharge any Or all sucf
officers and dissolve such commit
tees at the will and pleasure OF tht
Bc2rd, and may vest in such Of
fcc-s and committees all such pow
er IS the Board may deem proper
and cXpadient for the required con-
duct Of the affairs and business Of
the Corporation.
Until their successors shall be duly
elected and qualified, the following
named persons shall constitute the
Board OF Directors Of this Corpora
/ ticn, to-Wit: Frank P. Gardiner, Al
bert E. Sherman and Leslie E
Moore. and until the bylaws OF this
CORPORATION shall otherwise provide
three persons shall constitute its
Board OF Directors.
] Vacancies from any cause in thf
Board Of Directors shall be fllleo
1Ior~-- rNVs77 ocAJO7