Nogales international., 1946-05-03
LEGAL NOTICE

. indebtedness authorized by its
q Board of Directors in payment OF
q good will, rights, business, persona
. profit, real estate, or leases thereon
OF any person, firm, association OF
corporation; to declare and pay
dividends upon its capital stock anc
to guarantee the payment Of divi-
. dends upon it's 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, debentures, 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
t1on, 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; to
become surety upon any obligation
3. 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
HUNDRED THOUSAND DOLLARS
($1O0,000.00), 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, its 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 it's 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 1t
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, MOI
more than seven, persons, and such
officers as the said directors may
elect or appoint. Said directors snal
be elected from among the stock
. holders at their annual meetings u
be held on the second Tuesday Ii
January of each year. The directors
shall have power to adopt, amend
and rescind bylaws; to fill vacan
cies occurring in the Board from an.
> cause, and appoint from their owl
number an executive committee ant
vest said committee with all Tn
powers granted the directors .:
these articles. The directors shall
D exercise all powers not expressl
S withheld from them by law or D.
y these Articles of incorporation, an
Z shall prescribe and direct the man
e ner in which all business OF sal
S corporation shall be transacted.
ARTICLE VIII.
}, The private property OF the STOCK
= holders. directors and officers G
h this corporation shall be toreve
/, exempt from all its debts and obi
= cations.
n ARTICLE TX.
c The highest amount of indebted
= ness or liability to which this COZ
4, poration shall be subjected, or sha
= subject itself, shall at no time e1
ceed the sum of SIXTY-SL
THOUSAND SIX HUNDRED SIX
u y. TY- SIX DOLLARS ($66, ,66600).
"a ARTICLE X.
T. K. SHOENHAIR, OF Tucsor
Pima County, Arizona, who has bee
:, bona fide, continuous resident G
- the State of Arizona for more tha
=, three years last past, is hereb
- appointed the lawful Or statutor
j agent Of this corporation, for and o.
LEGAL NOTICE