Nogales international., 1934-02-24
Legal. NOTICE

by through principals, agents. at
torneys, trustees, contractors, fac
tors, lessons. lessaes, Or otherwise,
either alone or in conjunction with
others and in any part OF the
world; and III addition to have and
TO eN rci.e all the rights, powers,
and privileges now OF hereafter be-
Longing 10 Or conferred upon cor
porationS organized under the pro-
Visions Of the law authorizing the
formation OF such corporations.
ARTTCLEsV.
The authorized amount of the
capital stock of this corporation
shall be One Hundred Thousand
($lOo, 100000 Dollars divided into
one hundred thousand 100000
sharec of the par value Of One
($l.0O) Dollar each. Upon subscrip-
ton therefor said capital stock shall
ba paid into the corporation in
such manner and upon such terms
as the board of directors may fix
IL cash, services, or by the sale,
transfer and assignment to the COR
poration of property, property rights
or interests therein. real or person
al. for the uses and purposes of the
corporation, and in payment for
which, .hares 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 on-assossable,
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 con-
elusive.
ARTICLE VI.
The time of the commencement
of this corporation shall be the
date of the issuance to it of cer-
tificat, of incorporation by the
, Corporation Commission of the
Stato of Arizona. and the termina-
tion thtrof hall be twenty-five (25)
years thereafter, with the right in
the corporation to renew it's char
tcr for an additional period OF
twenty-five years as now provided
by law.
! ARTICLE VII.
The management and conduct Of
The business, property and affair:
Of the corporation shall be vested
in and conducted by board Of
directors of not less than three (3l
nor more than aeven (D 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
ton 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 appointed by the board
of directors. Any two or more Of
ficer5, the duties of the incunb M
of which are not inconsistent, may
be held by the same person. Both
| 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 tho. board. The
directors shall have the right tC
i fill any vacancy occurring In the
board by death, resignation, OF
otherwise, and the person Or per-
sons elected to fill any such Vacan-
cy or vacancies shall hold his Of
flee until the next regular meeting
Of stockholders.
ARTICLE VIII.
The regular annual meeting oi
the stockholders shall be held at
the principal office of the corpora
| ton on the first Tuesday in Feb
"uary in each year commenc ng
with the year 1885.
ARTICLE TX.
The incorporators shall name the
| persons who shall conStitut5 the
first board of directors and when
SO selected by the incorporators
said members of the board shall
serve until the first annual stock
holders meeting and until their
success. .ors are elected and qualified
ARTICLE x.
The board of directors shall have
the power to make and alter the
bylaws of the corporation; to fix
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 all
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.
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