Nogales international., 1935-12-21
LEGAL NOTICE

own, erect, construct, plan, lay out.
manage, conduct, operate. sell and
dispose of hotels, guest ranches,
horse, cattle and live stock farms
and ranches, hospitals. SanitariumS,
resorts, club rooms, golf links, base
ball, recreation and amusement
parks and grounds, theaters. play
houses, club houses, gardens, roof
gardens, arenas, pavilions. dance or
bathrooms, stables, garages, race
tracks, restaurants, refreshment
stands, swimming pools, gynlnas-
iums and other places Of entertain
ment, recreation and amusement
and any and all edifices, buildings
or structures necessary or conven-
lent thereto or to the purposes Of
this corporation; -.
| I'd To make and perform con-
tracts, to purchase. lease or other
wise acquire, own, exchange, sell or
dispose of, pledge. mortgage. hy-
pothecate and deal In real estate.
any and all kinds Of personal pro-
perty, franchises, rights of any and
all kinds in real or personal pro-
perty, and the good will, and pro-
perty of any person, firm, associa-
ton or corporation, and pay for the
same in cash or stock, bonds or OBJ
legations Of this or any other cor
poration, or otherwise, and to hold,
improve, develop or in any manner
deal with or dispose Of the whole
or any part of the property so ac-
quired;
(e) To issue bonds, notes, deben-
lures or other forms Of corporate
obligations and to sell, pledge or
hypothecate the same and to secure
the payment thereof by mortgage,
pledge or otherwise upon all or any
part Of the property of the corpora
tion; to purchase, acquire, hold, sell
and dispose of the stock, bonds or
other evidences of Indebtedness OF
this or any other corporation, do
nestle or foreign, and to issue and
exchange therefor its stocks. bonds
or other obligations
(f) To do all things necessary or
incidental to the various lines Of
business herein specified, and at
such place or places within or with
out the State of Arizona as may
suit the convenience of this cor
tporation;
(g) To do any and all things
herein set forth to the same ex-
tent as natural persons might or
could do in any part of the world
as principals, agents, contractors.
trustees or otherwise;
The foregoing enumeration Of
specific powers shall not be DEEM
ed to limit or restrict in any man.
ner the general powers of the cor
poration and the enjoyment and
exercise thereof as conferred by the
laws of the State of Arizona.
ARTICLE v.
The authorized amount of the
capital stock of this corporation
shall be five hundred thousand
($5OO 100000 dollars divided into
five hundred thousand (5O0,000)
shares of the par value of one
($100) dollar each. Upon subscrip-
ton 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, trans
fer and assignment to the corpora
ton of property, property rights or
interests therein, real or personal,
for the uses and purposes of the
corporation, and In payment for
which, shares of the capital stock
Of the corporation may be issued,
and such stock so issued shall there
upon and thereby become and be
fully paid up and worcestershire,
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 by the Ari-
zona Corporation Commission Of a
Certificate Of Incorporation and
the termination thereof shall be
twenty-five (25) years thereafter,
with the power of renewal as pro-
vided by law.
ARTICLE VII.
The management and conduct Of
the business, property and affairs Of
the corporation, excepting as 9TH
erwise provided in these articles,
shall be vested in and conducted
by a board of directors of not less
than three 90 nor more than sew
en- Cd persons, and all directors,
except in case of vacancies, shall
be elected at the annual meeting
Of stockholders, except the first
hoard which is chosen as in these