Nogales international., 1934-03-03
LEGAL. NOTICE

al, for the uses and purposes OF the
corporation, and in payment for
which, chares 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 nom -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 con-
elusive.
ARTICLE VI.
The time of the commencement
of this corporation shall be the
date of the issuance to 1t of a GER
tificata of incorporation by the
Corporation Commission of the
State of Arizona, and the termina-
ton Thereof shall be twenty-five (25)
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 board of
directors of not less than three CD
nor more than seven ca persons,
and ali 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
ficers. the dfitieS of the incumbent
OF which arc not inconsistent, may
be held by the same person. Both
the officers and directors shall hold
their offices for the period Of one
year from and after election and
qualification, aud until their sue
ceSsorS 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 vacan-
cy or vacancies shall hold his Of
fica until the next regular meeting
Of stockholders.
ARTICLE VIII.
The regular annual meeting OF
the stockholders shall be hald at
the principal office Of the corpora
tion on the first Tuesday in Feb
Yuary in each year commencing
with ths year 1895.
ARTICLE TX.
The inc0rporatorS shall name the
persons who shah constitute the
first board of directors and when
So selected by the incorporatora
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.
ARTICLE XI.
Tho 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-s!x and 66/l00
1866, $4,000 Dolhfs.
ARTICLE XIII.
Duane Bird, of Nogales, Santa
Cruz County. Arizona, who has been
a bona fide resident of the State
of Arizona for at least three (S)
years, is hereby appointed the law
fui agent of this corporation and
on behalf of it to accept and ack-
nowledge service, and upon whom
may be served all 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.
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