Nogales international., 1928-12-14
LEGAL NOTICE

w OullSdIlOi-S Oh LiIAS COA pOIdllOu,
N otherwise.
To issue bonds, notes, deben-
tures or otier forms of corporate
Obligations and to sell, pledge or
Fpotkecate the same and to Sc
cure the payment thereof by mort
- age, p:edge or otherwise upon all
CT any kart of the property of the
corporation; to purchase, acquire,
old, sc Il and dispose OF the stock,
bonds OF other evidence Of indebt-
9dness Of any corporation, domes-
tic or foreign, and to issue and
excl ange therefore its stocks,
bonds or other obligations.
Without in any particular limit
ing of any of the objects or pur-
poses or powers of the corporation,
tI4e business or purposes + the cor
roration shall! be from time to time
to do any one or more or all the
acts and things herein set forth,
and al such other acts, things and
business or businesses in any man
ner connected Herewith, or neces-
fary incidental, convenient or aux
Iilary thereto, or calculated direct
ly or indirectly to promote the in
terest of the corporation or en-
rance the value of or render pro-
iitable any of its property or
rights, such corporation may law
fully do; and in carrying on it's
business, or for the purpose of at
'alning or furtheiing any of it's
chlects, to do any and al! acts and
Cllngs, and to eXer,dse any and
all other powers which a co-part-
lershlp or natural person could
20 and exercise, and which now or
hereafter maybe authorized by
Law and either as or by and
through principals, agents, attor-
neys, trustees, contractors, factors,
lessons, less1ss, or otherwise, either
'S!one or in conjunction with others
and in any part of the world; and
N addition to have and to exercise
all the rights, powers and privi-
leges now or hereafter belonging to
or conferred upon corporations or
ganized under the provisions of
the law authorizing the formation
f such corporations.
ARTICLE V.
The total authorized capital
to X of this corporation shal! be
Fifty Thousand ($5O,0OO OO) Dol
q s, divided into two hundred fifty
t250) shares of preferred stock
cf tie par value of One Hundred
and no/1O0 ($10O.00) Dollars each,
and twenty five thousand (25, ,000)
shares of common stock of the
par value of one (S1.00) Dollar
each, and said stock shall! be is
sued fully paid and non-assessable
at such time and in such manner
as the Board of Dire tors may de-
termine in exchange for cash, pro-
rerty, services or other valuable
right or thing, and the judgement
OF the Board of Directors as to
the value of such property, service,
right or thing shall, in the alb
sence of fraud, be con -lusive.
/ The holders OF the preferred
stock shall be entitled to cumula-
tive dividends thereon at the rate
Of oight ($8.0O) Dollars per share
c.r eight per centum of the amount
or par value for each and every
fiscal vear of the life of the cor
poration and no more, payable
out of anv and all surplus or net
rrofits. quarterly, half-yearlv or
YEARLY, as and when declared by
TIE Board of Directors. before any
dividends shall be declared, set a.
mart for. or paid upon the COM
mon stock of the corporation. Said
dividends on the preferred stock
shall be cumulative, so that if the
corporation shall fail in any fis-
cal year to pay such dividends on
ali Of the issued and outstanding
preferred stock, such deficiency in
the dividends shall be fully paid,
hut without interest, before any
dividends shall be paid or set apart
on the common stock. Subject to
the foreging provisions said pre-
ferred stock shall not be entitled
to participate in any other or adj
Qitionai earnings or profits of
the corporation, the owners or hold
ers of preferred stock shall have
no voting powers whatsoever, nor
shall they be entitled to notice of
any meeting of stockholders of the
company.
In the event of the dissolution
or liquidation of the corporation,
or sale of all it's assets (whether
voluntary Or Involuntary or in
event of it's insolvency or upon
any distribution of its capital,
there shall be paid to the holders
! If the preferred stock the par val
ua thereof. to-wit, One Hundred
(S100.O0) Dollars per share, and
the amount of all unpaid accrued
+ dividends thereon, before any sum
shall be paid or any assets distri-
buted among the holders Of the
common stock. and after the pay
ment to the holders of the pre-
terred stock of it's par value and
! the unpaid accrued dividends there
en-. the remaining assets and funds
Of the corporation shall be divided
among and paid to the holders of
the common stock according to
their respective shares.
The Board Of Directors may in
their discretion declare and pay
dividends on the common stock
ooncurrently with dividends on the
preferred stock, for any dividend
Period of any fiscal year when
such dividends are applicable to
tie common stock; provided that
al accumulated dividends on the
preferred stock for all previous