Nogales international., 1932-04-27
LEGAL NOTICE
bonds and securities.

the capital STOCK OF Cn1S corpora
ton is One Hundred Thousand
($1OO,OOOOO) Dollars divided into
One Hundred Thousand Shares
100000 of the par value of One
($1.00) Dollar each, which said
stock when issued shall be fully
paid and non asSessable and may be
sold and issued in exchange for
cash or in exchange for services or
other property real Or personal Oh
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 Tx
the value of property or services Tor
which stock may be exchanged, and
the determination by said Board OF
the value of any such property or
services shall in the absence OF fraud
be conclusive as to such value
The stock of this Corporation shall
be sold, exchanged or issued as 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 ihere-
by be and become fully paid and
non aSseSSable.
VI
The time of the commencement
of this Corporation shall be when
it shall have been issued its GER
tificate of incorporation therefor
and it's 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 be
forever exempt from liability on
account of any Indebtedness or ooli-
cations of this Corporation.
TX.
The business and affairs Of this
Corporation shall be conducted by
and through it's Board of Directors;
such Board of Directors shall con-
sist of not less than three nor more
than fifteen members, as by it's by
! laws may be provided, and the mem
| bers of said Board shall be stock
holders in this Corporation and
elected annually, on the first Tues
day in February Of each year. COM
mencing with the year 1888; provid-
ed, however, that the Board of Dir
/ ectorS may elect and appoint as in
the bylaws Of the Corporation may
be provided, such other officers, in
addition to those in these
Articles of Incorporation spe-
officially mentioned, and by
resolution appoint such com
mittee, from it's own members
as the Board may see fit, and may
recall and discharge any or all such
officers and dissolve such commit
tees at the will and pleasure of the
Board, and may vest in such Of
ficers and committees all such pow
err as the Board may deem proper
and expedient 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 thu
Board of Directors of this Corpora
ton, to-Wit: Frank P. Gardiner, AL
bert E. Sherman and Leslie E
, Moore, and until the bylaws of thi
Corporation shall otherwise provide
three persons shall constitute it
Board of Directors.
Vacancies from any cause in tn
Board of Directors shall be fillet
{, by the remaining members, or mem
ber. of the Board, and new mem
; bers chosen to fill vacancies shall
. serve until the next annual election
. OF the Board and until their sue
cessors, respectively, shall be elected
and qualified.
Vacancies from any cause in an.
other office shall be filled by th
Board in like manner and with Xix
effect as vacancies of the Boar'
> are filled.
1 The officers OF this Corporation
who shall manage it's business AM
: affairs subject to the direction an'
D control of the Board of Director
shall, be one President, one Vice
: President, one Secretary, one Urea
Surer and one General Manager
}, whose duties shall be prescribed b
5, the bylaws Of the Corporation.
/, The offices of Secretary and Urea
), fUrer may be held and the dutie
: thereof performed by one and tn
S same person, and likewise the of
i fees of President and General Man
: ager may be held and the dutie
i thereof performed by one and tn
q same person., if so provided by tn
f bylaws, and all such officers sha
n be elected by and from among tn
: persons constituting the Board c
d Directors and snail hold their OF
d fees concurrently with the Boart
e unless by the Board sooner remov
: ed
n Except as herein otherwise pre-
: Vided, a majority of the member
: Of the Board of Directors shall cor
h Stitute quorum, and any ineetin
V, of the Board at which there sha
e be present a quorum shall be deeme
o a regular meeting and all busine;
1. transacted at any such meeting Sha
e have the same force and effect {