Nogales international., 1947-05-16
LEGAL NOTICE


chase, lease or otherwise acquire
and to hold, use or operate, sell or
assign, or otherwise dispose of any
trade marks, trade names, patents.
inventions or copyrights; to borrow
money and to issue bonds, notes,
debentureS and other evidences of
Indebtedness and to secure the pay
ment thereof by mortgage, deed or
trust or otherwise; to enter into
and execute contracts and agree
mentS of every nature, and gener-
ally to do any and all things and
transact such business in connection
with the foregoing objects not in
consisten with law, in any part of
the world, as the Board of Directors
may deem to the advantage of the
corporation.
ARTICLE Nv.
The capital stock of the corpora
ton shall be One Hundred Fifty
Thousand ($150,000OO) Dollars, di-
vided into fifteen hundred Q50O)
shares of the par value of One Hun
dred ($100.00) Dollars each, which
shall be paid in at such times as
the Board of Directors may desig-
nate in cash, real or personal prop
erty, services, or any other valuable
right or thing for the uses and pur-
poses of the corporation; and all
shares of capital stock when issued
in exchange therefor shall there
upon and thereby become and be
fully paid the same as though paid
for in cash at par and shall be for
ever nonassessable, and the judg-
ment of the directors as to the
value of any property, right or thing
acquired in exchange for capital
stock shall be conclusive.
ARTICLE v.
The time of the commencement of
this corporation shall be the date
upon which Certificate of Incor-
poration shall be issued to it by the
Arizona Corporation Commission,
and the termination thereof shall
be twenty-five years thereafter,
provided that this corporation may
be renewed from time to time there
after as provided by law.
ARTICLE vi.
Tho mono ooy,ooot ood oo,o+ro1 of
the business, property and affairs
of the corporation shall be vested
in and conducted by a Board of not
less than three nor more than seven
directors as may be prescribed by
the bylaws. The directors shall
be elected from among the stock
holders at their annual meeting to
be held on the first Tuesday after
the first day of January of each
year commencing with the year
1948, and shall hold office until
their successors are elected and
qualified. The directors shall have
power to adopt, amend and rescind
bylaws, to fill vacancies occurring
in the Board or any office for any
cause and to appoint such commit
tees or such other officers or agents
as they may deem proper.
ARTICLE VII.
The officers of this corporation
shall be a President, Vice-PreSident,
Secretary and Treasurer, and such
other officers as the Board of Direc-
tors shall deem necessary or eXpedi-
ent. Any two of said offices except
those of President and Vice-Presi
dent may be held by the same per-
son. The officers shall be elected
annually, by, from and among the
directors, Immediately after the an
nual meeting of the stockholders
and shall hold office until their
successors are elected and qualified.
ARTICLE VIII.
The highest amount of indebted
ness or liability, direct or contin-
gent, to which the corporation may
at any time subject itself is One
Hundred Thousand ($100,000.O0)
Dollars.
ARTICLE TX.
The private property of the in
corporators, members, officers and
directors of the corporation shall
be forever exempt from all cOrpOr-
ate debts.
ARTICLE x.
James v. Robins, of Nogales, Ari
iona, who has been a bonafide resi-
dent of the State of Arizona for
more than three years last past, is
hereby appointed the agent of this
corporation upon whom all notices
and processes, including summons,
may be served. This appointment
may be revoked by the Board OF
Directors at any time by the filing
of the appointment of another
agent.
IN WITNESS WHEREOF, we
have hereunto set our hands and
seals at Nogales, Arizona, this oath
day of April, 1947.
Nj, J. Martinez (SEAL)