Nogales international., 1928-12-18
LEGAL NOTICE

4 y -
event of it's insolvency or upor
any distribution of it's capital
| there shall be paid to the holder;
Of the preferred stock the pal
value thereof, to-wit, One Hun
Ired ($1OO.00) Dollars per share
and the amount of all unpaid ac-
crued dividends thereon, before
| any sum shall be paid or any as,
sets distributed among the holders
| of the common stock; and after
the payment to the holders of the
preferred stock of its par value
and the unpaid accrued dividends
thereon, the remaining assets ano
funds of the corporation shall b.
divided among and paid to the
holders of the common stock ac.
cording to their respective shares
TIE Board of Directors may in
their discretion declare and pa,
dividends on the common stool
concurrently with dividends on the
preferred stock, for any dividend
period Of any fiscal year wher
such dividends are applicable to the
common stock; provided that al
accumulated dividends on the pre-
ferred stock for all previous fis
cal years and all dividends on pre-
ferred stock for previous dividend
periods for that fis"a! year shall
have been paid in full.
Iue WA0Ie OF u4ly part OF tilt
JreLtlreu SUCK snail po sGbJect "
~ Un9 hundred 4tA.
,xI1v.vuJ Uo-4ars per sIlare an
aLc,,inuiaUeu ulyluenuS hereon al
al.y time amen one year from Gnt
ls,ue uneleo1 at such time or time,
and IN such malnef Us the Boar.
o. Directors snail determine.
ARTICLE VI.
The time or itne commencement
Ct tbs corporation snail be the
aa:e OF tie 1lling of these Articles
with the Arizona Corporation Com
mlssion, ana The termination there
OF shall be twenty-five years there
a1ter, with the privilege OF renew
al, as provided by law.
ARTICLE VII.
The management and conduct OF
.he business, property and affairs
OF the corporation shall be vested
"A and conducted by Board OF
directors of not less than three
nor more than five persons, each
i stock holder in this corporation,
and each director, except in case
of vacan. les shall be elected at
the annual meeting of stock hold
ers except the first board, which
is chosen as in these Articles here
matter set forth.
The officers of the company
consists of a president, vice-presi-
!ent, Sc retary and treasurer and
:uch other officers as the Board
f Directors shall deem eXpedient,
and all shall be elected or appoint
ed by the Board of Directors. Any
Two or more offices, the duties OF
the encountered of which are con-
sistent maybe held by the same
person. Both the officers and dl,-
rectors shall hold their office for
the period of one year from and
after election and qualification
nd until their successors are
ele ted and qualified, unless, re-
moved by the board. The direc-
'ors shall have the right to fill,
my vacancies occurring in the
oard by death, resignation or 9TH
,rwise, and the person or persons
,lerted to fill any such vacancies
hal hold his office until the next
egular meeting of stock holders.
ARTICLE VIII.
TIE regular annual meeting of
he stock holders which shall be
eld in the main office of the cor
,oration on the first Monday of
Iovember beginning with the year
929, unless such a day shall fall
N a legal holiday, and in which
went such meeting shall be on the
lext secular day.
ARTICLE TX.
The inCorporators shall name
he persons who shall. constitute
ne first Rpard of Directors and
hen so selected by the incorpora-
sors said members of the Board
hall serve until the first annual
took holders meeting and until
heir successors are elected and
lualified.
A majority of the Board of Di-
ectors shall constitute a quorum
md, except as herein and in the
..y-!aws otherwise provided, shall
ave the same authority and pow
rs as if a full Board were pre-
sent.
ARTICLE K.
The Board Of Directors shall
have the power to make and alter
he bylaws of the corporation; to
tx the amount to be reserved as
working capital, and to authorize
md cause to be executed mort
gages debentures and other obliga-
lions which shall be liens upon the
property and franchises of the cor
poration, and, in general to exer-
Use al! the powers and authority
Of the company not expressly
withheld from said Board by law,
or by these Articles of Incorpora-
ton, or by the affirmative action
of the stock holders.
ARTICLE XI.
The stock holders and members
Of this corporation and their pri-
vate property shall be exempt
from any liabilities for the debts
of this corporation.
ARTICLE XII.
The highest amount of indebt-
ress or liability direct or con-
tingent, to which this corporation
shall at any time subject itself
shall be computed by rules and
regulations by the Arizona Corp