Nogales international., 1935-01-19
LEGAL NOTICE

LEGAL NOTICE
either alone Or In conjunction With
others and in any part OF the world;
and in addition to have and to ex-
ercise all the rights, powers, and
privileges now or hereafter belong
ing to CT conferred upon corpora
tiCns organized under the provisions
of the law authorizing the forma-
ton of such corporations.
ARTICLE v.
The authorized amount of the
capital stock of this corporation
shall be Ten Thousand ($10 100000
Dollars, divided into ten thousand
| 100000 shares of the par value OF
One ($1.G0) Dollar each. Upon sub
scription 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,
transfer and assignment to the cor
poration CT property, property rights
or interests therein, real or person.
al, for the uses and purposes of the
corporation, and in payment Tor
which, shares of the capital stock
of the corporation may be issued.
and such stock SO issued shall
thereupon and thereby become ana
be fully paid up and ncn-assessaele'
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 conclus-
I've.
ARTICLE VI.
The time of the commencement
Of this corporation shall De the
date of the issuance to it OF Ger
! tificate 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
ir the corporation to renew its
charter 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 dir
ectcrs Of not less than three CD
nor more than seven CD persons
and ell directors, except in case OF
facancies, shall be elected at til.
annual meeting Of stockholders, eX-
cept the first board, which is chos
Ell as IN these articles hereinafter
set forth. The officers Of the cor
poration shall consist Of Presi-
dent, Vice President, Secretary,
and Treasurer, and such other Off
GERS as the board of directors shall
deem expedient, and all shall be
elected or appointed by the board of
, directors Any two or more offices,
the duties of the incumbent Of
which are not inconsistent, may be
held by the came person. Both the
officers and directors shall hold
their Offices for the period OF one
year from and after election and
qualification and until their success
scrs are elected and qualified, un-
less removed by the board. The
directors shall have the right to
fill any vacancy occurring In the
board by death, resignation, o"
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 OF
the stockholders shall be held at the
principal office of the corporation
on the second Tuesday in February
IN each year commencing with the
year 1885.
ARTICLE TX.
The incorporators shall name tn
parsons who shall constitute tht
first board Of directors and when
SO selected 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 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. de-
bantureS, and other obligations
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