Nogales international., 1936-05-16
ARTICLE III
Nature of Business

Nature of Business
The general nature of the business
proposed to be transacted by this
Corporation is as follows to-wit:
l. To carry on a general mining,
milling, smelling and reduction
business of any kind or nature; to
make contracts; to purchase, lease,
option, locate, or otherwise acquire,
own, exchange, sell or otherwise dis
pose Of, pledge, mortgage, hypothe-
cate and deal in mines and mining
claims, both lode and placer, water
and water rights, dam sites and any
! other property, both real and per-
sonal, and to prospect for, work, ex-
plore, maintain and develop the
same and to deal in the products
and by-productS thereof; to pur-
chase, plat, subdivide, sell and con-
troll lands and townsites; to pur-
chase, lease Or otherwise acquire,
erect, own, operate and sell mill
| ing, smelling and other ore reduc-
ton works, oil refineries, power
plants; to establish, acquire, build,
construct own Or operate, exchange,
sell and dispose of hotels, restaur-
ants, stores, comniSarieS, houses
and any and all other buildings and
structures of whatsoever kind or
nature; to do a general manufac-
turing mercantile and agricultural
business, to own, handle, sell and
control letters patent, and inven-
tionS; to own, cancel and reissue
shares or it's own capital stock; to
purchase or otherwise acquire and
to hold, own, sell, assign, mortgage,
pledge or otherwise dispose of Shar-
es, bonds debentures, or other evi-
denceS of indebtedness of other cor
porations. and while the holder
thereof to exercise all the rights
and privileges of ownership includ-
ing the right to vote thereon; to is
sue bonds, notes and other evidences
of Indebtedness and to secure the
payment of same by mortgage, deed
of trust, or otherwise; to act as
agent, trustee or broker and to bor-
row and loan money; and In gener-
al to do and perform such acts and
things and transact such business
in 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.
2. TO purchase or otherwise ac-
quire the goodwill, property rights,
assets and liabilities of any person,
firm or corporation, and to pay for
same in cash, stocks and bonds Of
the Corporation, and the Judgment
of the Directors as to the value OF
any property, right or thing ac-
quired in exchange for the capital
stock shall be conclusive; and to
sell any Or all of the assets of this
corporation for cash or stocks or
bonds, Of any other corporation,
and the judgment of the Directors
both in exchanging and directing
the sale of any or all of its assets
and In fixing and declaring the
value and Sufficiency Of any con-
sideration received in payment
therefor shall be conclusive
ARTICLE w
Description of Capital Stock
The authorized capital stock OF
this corporation shall be Seventy
Five Thousand (75,OOO> shares OF
the par value of One Dollar ($1.00)
per share All of said stock is Com
mon stock
ARTICLE v
The capital stock of the corpora
ton shall remain forever non asses
sable.
ARTICLE VI
The time Of the commencement
Of the corporation shall be the day
these Articles are filed In accord
ance with law, and the termination
| thereof shall be twenty-five (25)
years thereafter with privilege OF
renewal and the right of perpetua!
succession as now or then provided
by law.
ARTICLE VII
The affairs OF the corporation
shall be conducted by Board OF
Directors consisting of not less than
three 80, no more than eleven CID,
members of whom a President, one
or more Vice presidents, a secretary
and Treasurer shall be elected
from among the stockholders, pro-
vld9d that the Office Of the Se9re-
tary and Treasurer may be Ae.1 by
. the same person.
! The Direct >rs shall 1e elected by
and from among the stockholders
of record 1T their annual meeting
! to BE- held on the second NonC2y OF
the month Of May ot eGch year,