Nogales international., 1935-11-16


of the issuance to it by the Arizona
Corporation Commission of certi-
ficate of incorporation, and the
termination thereof shall be twenty
five (25) years thereafter, with the
power of renewal as 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
ectors of not less than three CD
nor more than seven CD persons,
and all directors, except in case of
vacancies, shall be elected at the an
nual meeting of stockholders, ex-
cept the first board, which is chos-
en- as in these articles hereinafter
set forth. The officers Of the COM
pany shall consist of president,
e-president, secretary and trea-
surer, and such other officers as the
board of directors shall deem ex-
pedient, 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
same 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 successors are elected
and qualified, unless removed by
the board. The directors shall have
the right to fill any pacancy oc-
curing in the board by death, resig-
nation or otherwise, and the per-
son or persons elected to fill any
such vacancy or vacancies shall
hold his office until the next regu-
lar meeting of stockholders.
ARTICLE VIII.
The regular annual meeting Of the
stockholders shall be held at the
principal office of the corporation
on the third Monday in January in
each year commencing with the
year 1886.
ARTICLE TX.
The incorporators shall name the
persons who shah constitute the
first board of directors and when
so elected by the incorporatorS said
members of the board shall serve
until the first annual stockholders
meeting and until their successors
are elected and qualified.
D.! 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 expressly withheld
from said board by law, or by these
Articles of Incorporation. or by the
affirmative action of the stockhold-
ers.
4 ARTICLE XII.
\ 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.
With the consent of the holders
of two-thirdS (2/3) in amount OF
the capital stock of this corpora
ton, issued and outstanding, when
evidenced in writing or with the
consent of majority IN amount Of
the capital stock of the corporation
issued and outstanding, when eX-
pressed by a resolution adopted al
. meeting of the stockholders OF
the corporation duly called and held
pursuant to the bylaws, the dir
. ectors shall have authority to sell OF
otherwise dispose Of in such man.
| ner as may be authorized, the en-
, tire property and assets of the cor
poration.
ARTICLE XIII.
The indebtedness Of this corpora
ton shall at no time exceed the
sum of Sixty-six Thousand SIX
Hundred Sixty-six and 66/100 1885,
666.66) Dollars.
!, ARTICLE XIV.
Duane Bird, of Nogales. Santa
. Cruz County, Arizona, who has beer
a bona tide resident of the State Of
2 Arizona for at least three 90 years
is hereby appointed the Lawful
agent of this corporation for and or
behalf of it to accept and acknow-
ledge service, and upon whom may
I1n ~o,.x,OJ oII 11rOoocc i1-