The border vidette., 1928-10-06
AMENDED ARTICLES OF Incorporation
or
PACIFIC FINANCE CORPORATION

KNOW ALL MEN BY THESE
PRESENTS: That we, the under
signed, majority OF whom are citizens
and residents al the State of Calfor-
MIA. have this day voluntarily assnciat-
ed ourselves together for the purpose
OF forming corporation under the
laws of the State OF California. aud we
hereby certify:
FIRST
That the name of said corporation
shall be "PACIFIC FINANCE COR
PORATION'
SECOND
That the purposes for which it is
formed are:
(1st) To own, buy, or otherwise, &C
quire, hold, manage, subdivIde, con-
vey, lease, sell, mortgage, hypothecate,
bond, dispose OF and deal in real prop
erty within the State OF California Cr
elsewhere, for any OF the purposes set
forth herein Or in any way related
thereto;
t2nd) To own, buy or otherwise ac-
quire, hold. manage, convey. lease, sell.
mortgage. pothecste, bond dispose
of and deal in personal property within
the State OF California or elsew here.
including franchises, for any OF the
purposes set forth hereia or in any way
related thereto;
(3rd) To issue bonds secured by
mortgage or otherwise, upon any Of It's
property or properties, or to execute
deeds OF trust convey ing its property
or any part thereof to a Trustee or
Trustees, and to transact such other
business in and about the premises as
the Board of Directors OF this Corpor-
alton shall deem necessary or proper
for any or all of the purposes set forth
In these Articles Of Incorporation.
l4th) To purchase. own, hold, sell,
mortgage, lease. rent, assign, transfer
and hypothecate real and personal
property, bonds, causes liz action, capi-
tai stock Of other corporations and all
classes of evidence of Indebtedness.
THIRD
That the place where the principal
business of said Corporation is to be
transacted is in the City of Los An
geles, in the County of Los Angeles,
State of California.
FOURTH
That the term for which said corpor-
alton is to exist is fifty (50) years from
and after the date of its incorporation.
FIFTH
That the number OF Directors of said
corporation shall be fifteen i15), and
that the names and residences Of those
appointed for the first year to serve
until q Board Of Directors is selected
by the stockholders. are:
Names Whose Residence Is:
S. F. McClung, Los Angeles, Calf
R. S. HoagIand. Los Angeles. Calf.
Douglas E. C. Moore, Los Angeles, Calf.
Il. J. Winnings, Los Angeles, Calf,
Blake Franklin. Glendale, Calf.
w. c. Green, Los Angeles Calf.
E. G. Potter, Los Angeles, Calf.
J. w. Shaffer, Pasadena, Calf.
e. L. Lawrence, Glendale, Calf.
e. w. Fuller, Los Angeles. Calf
B. L Fredenbur, Los Angeles, Calf.
B. Mcclure, Los Angeles, Calf.
B. A. N. Grant. South Pasadena Calf
A S. Nickerson, Los Angeles, Calf.
M. w Mcleod, Los Angeles, Calf.
SIXTH
That the amount of capital stock OF
the Corporation is Twelve Million Dol
lars i2,O00,000) divided into Four
Hundred Eighty Thousand (4sO, OOO)
shares OF the par value of Twenty Eve
Dollars t$25) each; of such total capital
stock, Two Hundred Eighty thousand
(280, G00) shares amounting to Seven
Million Dollars (S7, 600 00O) par value
are and shall be preferred stock, and
Two Hundred Thousand 200. .00O)
shares amounting to Five Million Dol
lars (S5. 900 900, par value are and shall
be common stock.
OF the preferred stock. Eighty Thou
sand 100000 shares amounting to Two
Million Dollars $4,000 O0O) par value
shall be known as "Series Az and
Forty Thousand &C, 0O0)shares amount
ing to One Million Dollars Isl ,OO0, 0,OOO)
par value shall be known as "Series B''
and Eighty Thousand (eOOOO) shares
amounting to Two Million Dollars (S2,-
900 0O0) par value shall be known as
Series C' and Eighty Thousand (SO,.
O00) shares amounting to Two Million
Dole RS (S2 000.000) par value shall be
known as ''Series ~" There shall be
no distinction or preference between
"Series AZ, "SeHies b., Series C'
and "Series D" OF the preferred stock
except as follows: The stock of ''Series
b. may be redeemed by the corpora
tion at any Dividend date by the pay
Ing to the holder of such preferred
stock the par value OF such preferred
stock and such further amount as to.
gether with the dividends Heretofore
paid upon such preferred stock, shall
be equal to eight percent e percent)
per annum from the date of the issue
thereof, and a premium OF five per
cent Is percent) Of the par value of
such preferred stock. The stock OF
"Series d. may be redeemed by the
corporation at any Dividend date after
August l, 1929, by paying to the holder
Ofsuch preferred stock the par value of
such preferred stock and such further
amount as together with the dividends
heretofore paid upon such preferred
stock shall be equal to seven per cent
q per cent) per annum from the date OF
the issue thereof, and a premium of
five Is per cent) Of the par value of
preferred stock. A written notice of
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