Nogales international., 1947-05-23
LEGAL NOTICE

mortgage, sell, own ana lease (aS
lessor or lessee) real estate, tene-
ment houses, and town sites; to
build, construct, buy, lease Gas les
sor or lessee), own, equip, operate,
maintain, mortgage and sell rail-
roads and tramways leading from
it's principal works to some existing
railroad or public highway; to build,
construct, buy, lease Gas lessor or
lessee), equip, operate, maintain,
mortgage and sell telegraph and
telephone plants, lines and systems,
and plants and systems for the
manufacture, transmission and dis
tribution of electricity and. electrl-
cal power; to purchase, hold, can
eel or reissue and sell shares of it's
capital stock; and to do and per-
form all other deeds, acts and things
incident or convenient thereto as
fully and effectually as a natural
person may.
ARTICLE V.
The amount of the capital stock
of this corporation is one hundred
thousand ($1OO,OO0OO) dollars, di-
vided into one hundred thousand
100000 shares of the par value
of one ($1.OO) dollar each. Stock
shall be issued when paid for in
cash, services or property, and shall
be issued as fully paid, and shall be
forever nonassessable. The judg-
ment of the Board of Directors as
to the value of the property taken
in exchange for stock shall be con-
elusive in the absence of fraud.
ARTICLE vi.
The time of the commencement
of this corporation shall be the date
on which a certificate of incorpora-
ton is issued by the Corporation
Commission of Arizona, and it shall
terminate twenty-five years there
after, unless renewed in the manner
provided by law.
ARTICLE VII.
| The affairs of this corporation
shall be conducted by board OF not
less than three nor more than seven
directors, who may or may not be
stockholders of this corporation.
The number of directors shall be
fixed by the bylaws of the cor
poration. In the first instance and
until changed by the bylaws, the
number of directors shall be three.
Said directors shall be elected at
the annual meetings of the stock
holders, and shall serve for one
year, and until their successors are
elected and qualified. The annual
meetings of the corporation shall
be held at such place and hour as
may be prescribed by the bylaws
of the corporation on the second
Monday in March of each year, be-
ginning with the year 1948. The
first board of directors who shall
serve until the first annual meeting
of the stockholders and until their
successors are elected and qualified
shall be Fred H. Magill, William O.
Reuss and Oscar Mailer. If at any
time a vacancy in the board of di-
rectors shall occur, said vacancy
may be filled by the remaining
members of the board in office. The
person so elected to fill a vacancy
shall serve during the unexpired
term of his predecessor, and until
his successor is elected and quail
fled. If at any time the board OF
directors, by amendment to the by
laws of the corporation, increase
the number of directors, then the
directors holding office at the time
of such increase shall elect directors
to fill the offices created by such
increase, who shall serve until the
next annual meeting of the stock
holders and until their successors
are elected and qualified.
ARTICLE VIII.
The officers of this corporation
who may or may not be stockholders
of the corporation, shall be a presi-
dent, vice president, secretary anc
treasurer, and such other officers az
the board may determine from time
to time, who shall be elected by the
board of directors Immediately aftel
each annual meeting of the stock
holders of the corporation, and shall
lhold office for one year. and unit
their successors are elected ant
qualified. The offices of secretar.
and treasurer may be held by thu
same person. In the event of
vacancy in any office, the board o
directors may fill the same, and tn
person so selected shall serve during
the unexpired term of his predeces
sor, and until his successor is elect
ed and qualified. The first officer
. of the corporation, who shall serv
until the first annual meeting o
the stockholders of the corporation
land until their successors are electe'
and qualified, shall be:
Fred H. Magill, President
William O. ReuSS. Vice-PreSident