Nogales international., 1934-03-17

tE0AI. NOTICE

al for the uses and purposes Of the
corporation, and In payment for
which. haFes Of the capital stock
Of the cooperation may be Issued,
and such stock SD tsaued shall
thereupon and thereby become and
be fully paid up and non -assessable.
and in the absence OF actual fraud
In the tranaction. the Judgment OF
the board of directors as to the
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 It Of a eer-
:Ificate Of Incorporation by the
Corporation ~ Commission of the
State Of Arizona, and the termina-
ton thsrof ahau be twenty-five (2s)
years thereafter. with the right in
the corporation to renew its char
ter for an additional period OF
twenty-five years as now 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 GO
nor more than eeven C) 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 chosen
as In these articles hereinafter set
forth. The officers of the corpora
lion shall consist Of O President
Vice President, Secretary. and
Treasurer. and snch other Officers
as the board of directors shall
deem expedieilt. and all shall be
elected or appointed by the board
Of directors. Any two OF more Of
ficers, the duties of the incumben mt
OF which are not inconsistent, may
be held by the same person. Boti,
the officers and directors shall hold
their offices for the period Of on'
year from and after election and
qualification and until their sue
cesSors are elected and qualified
unless removed by th9 board. tn
directors shall have the right tc
fill any vacancy occurring III the
5oard by death. resignation. OF
otherwise, and the person or per.
sons elected to fill any such vacan.
3y or vacancies shall hold his Of
fics until the next regular meeting
Of stockholders,
ARTICLE VIII.
The regular annual meeting o.
the stockholders shall be ir:id at
the principal office Of the corpora
ton on the first Tuesday in Feb.
ruary In each year commenc ing
with the year 1895.
ARTICLE TX.
The incorporato-s shall name th<
PERSONS who shall constitute tn
FIRST board Of directors and whc1
80 selected by the incorporation
said members. OF the board shall
serve until the first annual stock.
holders meotlng and until tliet.
;ucces ops are elected and qualified
ARTICLE x.
The board Of directors shall have
the power to make and alter the
bylaws Of the corporation: to fiz
the amount to be reserved as work
ing capital. and to authorize and
cause to be executed mortgages
debentures, and other obligations
which shall be liens upon the pro-
perty and franchises Of the corpora.
ton. and. In general. to exercise AT
the powers and authority Of the
company not withheld from said
board by law, or BY these articles
Of Incorporation. or by the affIrma
tive action Of the stockholders
ARTICLE KI.
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 6iXty-SiX Thousand Six
Hundred Sixty-stX and $500
($66, ,666 SGD Dollars.
ARTICLE XIII.
Duane Bird. Of NogaleS, Santa
Cruz County. Arizona, who has been
a bona fide resident Of the State
Of Arizona for at teaSt three 20
years, is hereby appointed the law
full agent Of this corporation and
Oh behalf of it to accept and ack-
nowiedge service. and upon whom
may be served al necessary process
in any action, suit, or proceeding
that may be held or brought
against this corporation In any OF
the Courts Of the State OF Arizona.
and for all purposes required By
law.
IN WITNESS WHEREOF, We