Nogales international., 1927-11-18

directed to the address that such
/, holder shall have previously de
isignated in writing, filed with the
Secretary Of the corporation, and
liz no such designation shall
have been filed, then such
notice shall. be addressed tc
such notice shall be addressed tc
such stockholder at Los Ang'
| e1es. California. In case of re-
demption at any one time of less
than the whole amount Of such
koutstanding preferred stock
| C"Series By a pro-rata number
Of the shares held by each such
preferred stockholder shall be re.
deemed, provided that if any
stockholders pro rata to be so re.
deemed, includes a fraction Of q
jshare. such pro. rata shall be in
creased to the next higher, OF
decreased to the next lower whole
number of shares, according as
such fraction does or does not ex-
ceed one-half of share. If the
holder of any such preferred stock
so called for redemption shall fail
| to surrender the certificate rep
resentine such stock. the same
shall, nevertheless, be deemed to
be redeemed, retired and cancel
! led upon the date SO fixed for re-
derption. and the former holder
thereof shall not have or exercise
any right in respect thereto, ex-
cept to receive the amount pay
able on account Ct such redeinp-
tion without interest. upon sur
lrender Of the certificate represent
ing the stock so redeemed. All
such preferred stock redeemed
hereunder shall Immediately, on
the redemption thereof, be cancel
led and held in the treasury Of the
corporation until reissued.
That the holders Of the prefer
| red stock both "Series A" and
"Series B" shall be entitled to re-
! ceive, when and as declared from
| the surplus or net profits of the
corporation, quarterly dividends
payable upon the first days of Feb
j ruary, May, August and Novem-
Der of each year, at the rate of
and limited to eight per centum
(8%a) per annum. That the
holders of preferred stock, "Series
c." shall be entitled to receive
when and as declared from the
surplus or net profits of the cor
poration, quarterly dividends pay
able upon the first days of
February, May. August and
November of each year at
the rate of and limited to six and
one half per centum (6h3o) per
annum. The dividends on the
preferred stock shall be cumula-
tive, and shall &c payable before
any dividends on the common
stock shall be paid or set apart
so that if in any one year divi-
dends on the preferred stock OF
Series A" and "Series b..
amounting to eight per centun
| (S%), and dividends on the pre-.
lerred stock of "Series C" amount.
ing to six and one-half per centun
(6 1890 shall not have been paic
thereon, the deficiency shall bt
payable before any dividends shall
be paid upon or set apart for the
common stock. Whenever al
cumulative dividends on the pre-
1erred stock, "Series A." "Series
-, and Series c." for all pre-.
vious years shall have been paid
the Board of Directors may de
clare dividends on the common
stock payable out of the remain
ing surplus or net profits.
That In the event of any Hqui
dation,: dissolution or Wlndlng up
Whether voluntary or involuntary
OF the corporation the holders o.
che preferred stock, both "Serie!
| A." Series 3" and Series c.
shall share equally and be entitled
60 be paid In full, both the pal
amount of their shares and tht
unpaid accrued dividends thereon
oetore any amount shall be pait
90. the holders Of the common
stock, and after the payment t.
Che holders of the preferred stock
Of its parVaIue. and all of the, un
paid or accrued dividends thereon
The remaining assets and fund
shall be divided and paid to tn
holders of the common stock equal
~ and pro rata according to then
respective shares.
1; SEVENTH
That the amount OF said capita
} stock which has been actually sub
scribed is fifteen Hundred Dollar
($1,50O.00) consisting of fifteel
(15) shares of said preferred
stock of the par value of ON
: Hundred Dollars ($100.00) each
and the following are the names O.
the persons by whom the SAM
has been subscribed, to wit:
Number
Name ofsShares Amour
S. +. McClung / $1,000
X. S. Hoagland l $4,000
E. j. Winnings l $1,000
Douglas e. C. Moore, / $1,000
Blake Franklin ! $4,000
W. C. Green, / $1,000
: E. G. Potter, 1 $1,000
j. w. Shaffer, l $1OO.O'
, E. W. Fuller, l $1,000
, B. L. Fredenbur / $1,000
B. Mcclure $lOO.O'