Nogales international., 1946-05-24

emu WIN the foregoing clauses, are
hereby included
ARTICLE v.
The authorized capital stock of
this corporation shall be ONE
HUNDRED THOUSAND DOLLARS
($lOO, 100000, 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 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 a 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 in
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 tS..>em by law or by
these Articles of Incorporation, and
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 its debts and obli-
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-SlX
THOUSAND SIX HUNDRED SIX
TY-SIX DOLLARS 1866, ,666.00).
ARTICLE x.
T. K. SHOENHAIR, 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 on
behalf of said corporation, to accept
and acknowledge services of all
necessary processes and for all pur-
poses required by law. The Board
of Directors may, at their option
revoke such appointment and shall
have power to fill such vacancy.
IN WITNESS WHEREOF, we
the incorporators, have hereunto
set our hands and seals this 10th
day of April, 1916.
/ H. c.. WARNOCK
T. K. SHOENHAIR
STATE OF ARIZONA
County of Pima SIS
On this, the goth day Of April
1916, before me, the undersigned
officer, personally appeared H. C
WARNOCK, and T. K. SHOEN-
HAIR, known to me to be the per-
sons whose names are subscribed tc
the within instrument, and ack-
nowledged that they executed the
same for the purpose therein con-
tanned.
IN WITNESS WHEREOF, I have
!. hereunto set my hand and officia
seal.
JEAN JUDGE MALONE
Notary Public
: My Commission expires:
October "a. 1943.
EN- DO Il S E M e N L
: ARIZONA CORPORATION &c.,
COMMISSION
INCORPORATING DIVISION
= FILED
LEGAL NOTICE