Nogales international., 1935-05-11
LEGAL NOTICE

aSe, lease, eXchGngc or OtherWlSe ana
to own and hold real estate, build
ings and improvements, furniture,
fixtures. tools, equipment and other
personal property necessary, con-
venient or proper in promoting or
carrying out said objects; to borrow
money and to issue bonds, notes,
debentures and other evidences OF
indebtedness and to secure the pay
ment thereof by mortgage, deed OF
trust or otherwise; and generally to
do any and all Things and transact
such business III connection With the
foregoing objects not inconsistent
with law. in any part of the world,
as the Board of Directors may deem
to the advantage Of the corporation.
ARTICLE ".
The capital stock of the corpora
ton shall be Five Hundred Thou
sand ($5000000O Dollars, divided
into Ten Thousand 100000 shares
of the par value of Fifty ($5o.0j)
Dollars each which shall be paid In
at such times as the Board OF Dir
cctors may designate in cash, real
Or personal property, services or any
other valuable right or thing fo:: the
uses and purposes of the corpora
ton; and all shares of capital
stock when issued in exchange
therefor shall thereupon and there
by become and be fully paid the
same as though paid for IN cash at
par and shall be forever nonasscs-
sable, and the Judgment Of the dir
ectors as to the value OF any pro-
perty, right or thing acquired In ex-
change for capital stock shall be
conclusive.
ARTICLE v.
The time Of the commencement
of this corporation shall be the date
upon which a Certificate OF Incor- /
poration shall be issued to it by the /:
Arizona Corporation Commission,
and the termination thereof shall
be twenty five years thereafter, pro-
vided that this corporation may be |
renewed from time to tine thereaf-
ter IS provided by law.
ARTICLE vi.
The management and control OF
the business. property and affairs OF
the corporation shall be vested IN
and conducted by board Of not
less than three nor more than seven
members as may be prescribed by
the bylaws. The directors shall be |
elected from among the stockhold-
ers at their annual meeting to hf
held on the third Tuesday OF Aprl
of each year and shall hold oft1cf
until their successors are elected
and qualified. Until the first annua.
meeting of the stockholders in April
1886, and until their successors arc
elected and qualified, the followinf
persons shall constitute the Boare
of Directors: E. L. Juillerat, Alex
Saldamando and Elisa Juillerat, al
Of Nogales, Arizona, Evaneelina An
drade, of Nogales, Sonora, Mexico
and Lauro Grijalva. of Magdalena
Sonora, Mexico.
The directors shall have power tt
adopt, amend and rescind bylaws !
to fill vacancies occurring IN the
board or any office for any .caus;
and to appoint such committees OF
such other officers or agents as the!
may deem proper.
ARTICLE VII.
The officers of this corporation
shall be a President, Vice-president
Secretary and Treasurer, and sucf
other officers as the Board OF Dir
ectors shall deem necessary or eX-
pedient. Any two Of said offices eX-
capt those Of President and Vice
President may be held by the same
person. The officers shall be elect
ed annually by, from and among
the directors, Immediately after the
annual meeting OF the stockholders
and shall hold their offices until
their successors are elected and
qualified. Until the first annual
meeting of the directors in April
1886, and until their successors have
been elected and qualified, the fol-
lowing persons shall hold the fol-
lowing offices OF this corporation
to-wit: E. L. Ju;llerat, President:
Lauro Grijalva. Vice president:
Alex Z. Saldamando, Secretary; and
F,vangelina Andrade. Treasurer.
ARTICLE VIII,
The highest amount Of Indebted
ness or liability, direct Or contir-
gent, to which the corporation may
at any time subject Itself is Three
Hundred Thirty-three Thousand
Three Hundred Thirty three and
33 100 ($333 333.33) Dollars.
ARTICLE TX.
The private property Of the IN
corporators, members, officers ana
directors of the corporation shall
be forever exempt from all corporate
: debts.
. APTJCJ EX