Nogales international., 1946-05-24
LEGAL NOTICE

| LudIlIltI UIlC BCIlCIdA pOWC1o VI O1hC
corporation and the enjoyment and
exercise thereof as conferred by the
laws of the State of Arizona.
ARTICLE III
The time of the commencement
of this corporation shall be the date
on which the certificate of incor-
poration is issued by the Corpora
ton Commission of the State of
Arizona, and it shall terminate
twenty-five (25) r. years thereafter
unless it's existence be renewed in
the manner provided by law.
ARTICLE Nv
The authorized capital stock of
this corporation shall be One Hun
dred Thousand Dollars ($100, ,000),
divided into one thousand Q,000)
shares of the par value of One
Hundred Dollars ($100) each, all of
which shall be common stock and
which shall be issued as fully paid
and non-assessable at such times
dllO Ill SUCll OllC OOc4 " VI
directors shall designate, in eX-
change for money or property or
services, or any other right or thing
of value, and the Judgment of the
Board of directors as to the value
of any property, rights or services
received in exchange for capital
stock shall, in the absence of fraud,
be conclusive.
ARTICLE v
The affairs of this corporation
shall be managed by board of not
less than three nor more than five
directors, all of whom shall be
stockholders of the corporation.
Within such limits, the number of
directors shall be fixed and may be
altered from time to time as may
be provided in the bylaws. Direc-
tors shall be elected from among
the stockholders at the annual
meeting of stockholders which shall
be held on the third Wednesday in
May of each year at four o'clock
pm, and when so elected shall
serve until their successors are
elected and qualified. In case OF
any increase in the number Of di-
rectors, the additional directors
may be elected by the board of di-
rectors to hold office until the next
annual meeting Of the stockholders
and until their successors are elect
ed and qualified. Until the first
annual meeting of the stockholders
and until their successors are elect
ed and qualified, the following
named persons shall compose the
board of directors: j. G. OMalley,
E. v. O'Malley, H. w. Powers and
Walter Roche. The board of direc-
tors shall have power to adopt,
amend and rescind bylaws, to fill
vacancies in the board occurring
from any cause, and to make all
rules and regulations expedient for
the management of the affairs of
the corporation.
! The officers of this corporation
shall be a President, Vice-Presi-
dent, a Secretary and Treasurer,
who shall be elected by the board of
directors from among their own
number Immediately after each an
nual meeting of the stockholders
and shall hold office until their
successors are elected and qualified.
Any two of the above enumerated
offices may be held by one and the
same person except the offices OF
President and Vice-President. Until
the first annual meeting and until
their successors are elected and
qualified, the following named per-
sons shall be the officers of this
corporation: j. G. O'Malley Pres
ident; Walter Roche, Vice-Presi-
dent; E. v. O'Malley, Secretary;
and H. w. Powers, Treasurer.
ARTICLE vi
The highest amount of indebted
ness or liability. direct or contin-
gent, to which this corporation shall
at any time subject itself is Sixty
six Thousand Six Hundred Sixty
six Dollars 1856, ,666), provided that
such limitation shall not apply to
any indebtedness hereafter author
lied by three-fourths of the votes
cast at a lawfully held meeting OF
the stockholders and approved by
the Arizona Corporation Commis-
sion.
! ARTICLE VII
The private property of the stock
holders of this corporation shall be
forever exempt from its debts and
obligations.
ARTICLE VIII
E. H. McCLANAHAN Of Nogales,
Arizona, who has been a bona fide
resident of the State of Arizona for
at least three years, is hereby ap-
pointed statutory agent Of this cor
poration, upon whom all notices
and processes, including summons,
may be served. The board of direc-
tors may revoke the appointment OF
such agent at any time and shall