Nogales international., 1932-10-05
LEGAL NOTICE

privileges now or hereafter belong
ing to or conferred upon corpora
tions organized under the provisions
of the law authorizing the forma-
ton of such corporations.
ARTICLE v.
The authorized amount of the cap
ital stock Of this corporation shall
be One Hundred Thousand ($100,-
000.00) Dollars, divided into One
Hundred (100) Shares of the par
value of One Thousand ($10O0 .00)
Dollars each. 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, 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 SO issued shall thereupon
and thereby become and be fully
paid up and non -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 certif-
icate of incorporation, and the term
ination thereof shall be twenty-five
(25) years thereafter, with the pow
er 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 co
nor more than fifteen (15) persons,
and all directors, except in case of
vacancies, shall be elected at the an
nual meeting Of stockholders, except
the first board, which is chosen as
in these articles hereinafter set
forth. The officers of the company
shall consist of a President, Vice.
President, Secretary, and Treasurer,
and such other officers as the board
Of directors shall deem expedient,
and all shall be elected Or appoint
ed by the board of directors. Any
two Or more offices, the duties of the
incumbent of which are not incon-
sistent, may be held by the same
person. Both the officers and dir
ectors shall hold their offices for
the period OF one year from and
after election and qualification and
until their successors 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 otherwise, and the person or per-
sons elected to fill any such vacancy
or vacancies shall hold his office
until the next regular meeting Of
stockholders
ARTICLE VIII.
The regular annual meeting Of the
stockholders shall be held at any of
the offices of the corporation, or at
any other place agreed to in writing
by the stockholders, on the third
Monday in January in each year
commencing with the year 1884.
ARTICLE TX.
The incorporators shall name the
persons who shall constitute the first
board of directors and when SO Sc
lected 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 by
laws 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 to be reserved as working
capital, and to authorize and cause
to be executed mortgages, debentur-
eS, and other obligations which
shall be liens upon the property and
franchises Of the corporation, 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 in
corporation, or by the affirmative
action Of the stockholders.
ARTICLE XII.
The stockholders and members Of
this corporation and their private
property shall be exempt from any
liability for the debts of this cor
poration.
ARTICLE XII.
The indebtedness of this corpora
ton shall at no time exceed the sum
of Sixty-six Thousand Six Hundred
Sixty-six and 66/100 ($66,666. .66)
Dollars.
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