Nogales international., 1936-10-10
the conduct OF such business.

all LIl6 powers now OF n6r6dICeI
conferred by the laws of the State
Of Arizona upon corporations simil-
arly formed, subject to such limi-
tat onS in respect to the exercise
thereof in any other state or juris-
diction within which it may be au-
thorized to transact business as a
foreign corporation as may be pre-
scribed by the laws Of such state or
jurisdiction: and to do any and all
other acts and things necessary, in
cidental or auxiliary thereto, and
which now or hereafter may be au-
thorized by law, and either as, or
by and through principals, agents,
contractors, factors, lessons, lessees
or otherwise. either alone, or in
contraction with others, and within
or without the State of Arizona.
ARTICLE III. ...... .........
The amount of the authorized
capital stock of this corporation is
Thirty Thousand Dollars ($30,000-
.OO), divided into three thousand
$4,000 shares OF the par value of
Ten Dollars ($10 0O) each, all of
which shall be common stock, and
may be issued or sold by the COR
poration at such time or times, and
for such consideration, or consider
ations, as may be fixed from time
to tine by the board of directors,
and shall be paid into the corpora
ton at such time as said board OF
directors may, by resolution direct.
either in cash or by the sale or
transfer to the corporation of real
personal or mixed property. con-
tracts, services, or any other val
liable right or thing, for the use and
purposes of said corporation, on pay
ment for which shares of the capi-
tai stock of said corpiration may be
issued, the said capital stock so is
sued shall thereupon and thereby
become and be fully paid and nom
assessable, and in the absence OF
actual fraud in the transaction,
the judgment of the board of dir
ectors as to the value of the con-
sideration given for said stock, shall
be conclusive.
ARTICLE w.
The time of the commencement
of the corporation shall be the date
of the filing of these articles In the
office of the Corporation Commis-
sion of Arizona, and the termina-
ton thereof shall be twenty-five
(25) years thereafter with the priv
ilege of renewal as provided by law.
ARTICLE v.
The affairs of the corporation
shall be conducted by a board of
not less than three 90, and not
more than seven CD directors, and
such other officers and agents as
the board of directors shall from
time to time elect or appoint. The
board of directors shall be elected
at the annual meeting of Stockhold-
ers to be held on the second Tues
day of January of each year. Until
the annual meeting of the stock
holders in the year 1887. the follow
ing named persons shall constitute
the board of directors, and shall
hold office as such until their sue
cessors are elected and qualified, to-
wit:
M. E. Pope Pasadena, California.
H. A Derby, Pasadena, California
Alfonso Navarro, Los Angeles. Cali
fornia
ARTICLE vi.
The highest amount of indebted
ness or liability, direct or conting-
ent, to which the corporation shall
at any time subject itself, is Twenty
Thousand Dollars ($20,0 100000
which amount does not exceed two
thirds of the amount of the capital
stock
ARTICLE VII.
The private property of the stock
holders of this corporation shall be,
and is hereby, made exempt from all
corporate debts of this corporation,
of every kind whatsoever.
ARTICLE VIII.
The board of directors shall have
power to adopt, amend, rescind and
repeal, bylaws for the government
of the corporation, to fill vacan-
cies occurring in the board from any
cause, to elect and appoint such Of
GERS, agents and committees as
they may deem necessary, with such
power as they may confer, and gen.
orally to do whatever in their
Judgment may be necessary to pro-
mote the welfare of the corporation
and to further it's lawful activities.
ARTICLE TX.
H. ]. Farmer of Nogales, Arizona,
who has been bonafide resident
of Arizona for more than three %
years last past, is hereby appointed
the lawful agent of this corporation
in and for the State of Arizona