Nogales international., 1928-12-18
LEGAL. NOTICE


The same in cash or, stock, bonds
or obligations of this corporation,
or otherwise.
To issue bonds, notes, deben-
lures Or other forms of corporate
obligations and to sell, pledge or
-ypothecate the same and to ee-
,'ure the payment thereof by mort
age, predge OF otherwise upon all
+ any cart Of the property Of the
orporatio2; to purchase, acquire,
old, Sc / and dispose OF the stock,
yonds or other evidence OF indebt-
edneSs of any corporation, domes-
tic or foreign, and to issue and
,xc.-ange therefore its stocks,
bonds OF other obligations.
without in any particular limit
ing OF any of the objects or pur-
loses or powers Of the corporation,
IKE business or purposes f the COR
Grafton shai! be from time to time
to co any one or more or al! the
acts and things herein set forth,
tnd al such otner acts, things and
pliSiness or busin esses in any man
ner connected tilerewitl, or neces.
;.ary Incidental, convenient or aux
i-iary thereto, Or calculated difect-
iy or indirectly to promote the in
terest Of the corporation or en-
+ ance the value of or render pro-
tit1ble any Of its property ol
rights, such corporation may law
ully do; and in carrying on it's
business. or for the purpose of at
aiming or furthe1ing any of its
objects, to do any and al: acts and
things, and to exer ise any and
all other powers which q co-part-
hersh4p cr natural person could
20 and exercise, and which now OF
Hereafter maybe authorized by
'aw, and 4ither as or by and
through principals, agents, attor-
neys, trustees, contractors, factors,
!essors, lessess, or otherwise, either
alone or in conjunction with others
and in any part of the world; and
IN addition to have and to exercise
all the rights, powers and privi-
leges now or hereafter belonging to
or conferred upon corporations or
eanized under the provisions OF
tia law authorizing the formation
6 such corporations.
ARTICLE V.
The total authorized capital
p k Of this corporation shall be
Fifty Thousand ($50,000 00) Dol
as, divided into two hundred fifty
t250) shares of preferred stock
cf tie par value Of One Hundred
and no 400 ($100.0O) Dollars each
and twenty five thousand 5,000)
shares of common stock of the
par value of one (s1.00) Dollar
each, and said stock shal! be is.
sued fully paid and worcestershire
at such time and in such manner
as the Board Of Dire tors may de.
te1mine in exchange for cash, pro
rerty, services or other valuable
right or thing, and the judgement
OF the Board of Directors as tC
the value of such property, service
right or thing shall, in the alb
s9nce of fraud, be conclusive.
The holders OF the preferred
stock shall be entitled to cumula.
tive dividends thereon at the rat'
Of eight ($8.00) Dollars per share
>.r eight per centum of the amoun
or par value for each and every
fiscal year of the life of the cor
rorat;on and no more, payable
out Of anv and all surplus or ne
rrofits, quarterly, halfyearlv o.
YEARLY, as and when declared by
the Board of Directors. before any
dividends shall be declared. set n.
part for. or paid upon the com
mon stock of the corporation. Sale
dividends on the preferred stock
shall be cumulative, so that if the
corporation shall fail in anv fis-
cal year to pay such dividends or
ali of the issued and outstanding
preferred stock. such deficiency ir
the dividends shall be fully paid.
hut without interest, before any
dividends shall be paid or set apart
On the common stock. Subject tC
the FORGING provisions said pre-
ferred stock shall not be entitled
to participate in any other or ad-
oitionai earnings or profits OF
the corporation, the owners or hold
ers of preferred stock shall have
no voting powers whatsoever, nol
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 (whethe1
voluntary OR Involuntary or in
event of it's insolvency or upon
any distribution of its capita!
there shall be paid to the holders
IF the preferred stock the par val
ue thereof, to-wit, One Hundred
($100.00) Dollars per share, and
j 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-,
1erred 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
/ reriod of any fiscal year when
such dividends are applicable to
tie common stock; provided that
oil accumulated dividends on the
111aforroJ c+oc.r for oil 1NY.oIrioUc