Nogales international., 1946-05-31
LEGAL NOTICE

good will, rights, business, personal
profit, real estate, or leases thereon
of any person, firm, association or
corporation; to declare and pay
dividends upon it's capital stock and
to guarantee the payment of divi-
dends upon its capital stock and to
guarantee all interest on any de-
bentures or securities issued by this
corporation.
Z. To borrow money and to con-
tract to repay the same; to issue
bonds, debentres, or other forms
of corporate obligations, and to
secure the payment of the same by
mortgage, or otherwise, upon all or
any of the property of this corpora
ton, at such times and in such
amounts and at such rates of inter-
est as the Board of Directors of this
corporation may deem proper; tc
become surety upon any obligation.
s. To enter into, make, and per-
form contracts of every kind and
description with any person, firm,
association, corporation, municipal
ity, county, state, body polite or
government.
The foregoing clauses shall be
construed both as objects and
powers, but no recitation, express
sion, or declaration Of specific or
special powers or purposes herein
enumerated shall be deemed to be
exclusive; but it is hereby express
ly declared that all other lawful
powers and purposes, not inconsist-
ent with the foregoing clauses, are
hereby included.
ARTICLE v.
The authorized capital stock of
this corporation shall be ONE
THOUSAND DOLLARS
($100,000.00), and shall be divided
into five thousand $4,000 shares of
common stock having a par value
of Twenty Dollars 10000 each. Said
capital stock shall be subscribed
and paid for, from time to time as
the Board of Directors shall desig-
nate. Such capital stock shall be
paid for in cash, real or personal
property, services, leases, options to
purchase, or any other right or
thing of value for the use and pur-
poses of this corporation, and all
shares of stock, when so issued, shall
thereupon become and be fully paid
and shall be worcestershire there
after. The judgment of the Board
of Directors as to the value of any
property, right, service, or thing,
taken in exchange for or as pay
ment of the capital stock of this
corporation, shall be conclusive
upon this corporation, it's stock
holders and creditors, in the absence
of fraud.
ARTICLE vi.
The date of the commencement of
this corporation shall be the date of
the filing of its articles with the
Corporation Commission of the
State of Arizona, and the recording
of a certified copy of same in the
office of the County Recorder OF
Santa Cruz County, Arizona, and it
shall endure for the full term of
twenty-five (25) years thereafter,
with the privilege. however, OF re-
newal as provided by law.
ARTICLE VII.
The affairs of this corporation
shall be conducted by Board of
Directors of not less than three, nor
more than seven, persons, and such
officers as the said directors may
elect or appoint. Said directors shall
be elected from among the stock
holders at their annual meetings TO
be held on the second Tuesday III
January of each year. The directors
shall have power to adopt, amend,
and rescind bylaws; to fill vacan-
cies occurring in the Board from any
cause, and appoint from their own
number an executive committee and
vest said committee with all the
powers granted the directors by
these articles. The directors shall
exercise all powers not expressly
withheld from item by law or by
these Articles of Incorporation, anu
shall prescribe and direct the man
ner in which all business OF SAID
corporation shall be transacted.
ARTICLE VIII.
The private property of the stock
holders, directors and officers OF
this corporation shall be forever
exempt from all it's debts and obll-
cations.
ARTICLE TX.
The highest amount of indebted
ness or liability to which this cor
poration shall be subjected, or shall
subject itself, shall at no time ex-
ceed the sum of SIXTY-SIX
THOUSAND SIX HUNDRED SIX
TY-SIX DOLLARS 1856 $4,000.
ARTICLE X.
r. K. SHOE;NHAIR, of Tucson
Pima County, Arizona, who has been
a bona fide, continuous resident Of
the State of Arizona for more than
three years last past, is hereby
appointed the lawful or statutory
agent of this corporation, for and or
behalf of said corporation, to accept
and acknowledge services of al
necessary processes and for all pur-
poses required by law The Boarc
of Directors may, at their option
revoke such appointment and shall
have power to fill such vacancy.