Nogales international., 1928-12-14
LEGAL NOTICE

4 A5A1NA@A0 wv ASA1
or a sale of all it's assets (whethe
voluntary or Involuntary or il
event of it's insolvency or upor
any distribution of its capital
there shall be paid to the holder
Of the preferred stock the pa
value thereof, to-wit, One Hun
dred ($100.00) Dollars per share
and the amount Of all unpaid ac-
crued dividends thereon, before
any sum shal! be paid or any as
GETS distributed among the holder;
Of the common stock; and after
the payment to the holders of thS
| preferred stock of it's par value
snd the unpaid accrued dividend
thereon, the remaining assets ano
funds Of the corporation shall bc
divided among and paid to the
holders of the common stock &C.
cording to their respective shares
The Board of Directors may ir
their discretion declare and pa
dividends on the common stocl
concurrently with dividends on the
preferred stock, for any dividend
period of any fiscal year wfer
such dividends are applicable to thc
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 fisoa! year shall
have been paid in full.
The whole or any part Of the
preferred stock shall be subject to
redemption at One Hundred Ten
| (S110.00) Dollars per share and
accumulated dividends hereon at
any time after one year from the
issue thereof at such time or times
and in such manner as the Board
Of Directors shall determine.
/ ARTICLE VI.
! The time of the commencement
cf this corporation shall be the
date OF the filing of these Articles
with the Arizona Corporation Com
mission. and the termination there
of .shall be twenty-five years there
after, with the privilege Of renew
al, as provided by law.
ARTICLE VII.
The management and conduct of
the business, property and affairs
of the corporation shall be vested
in and conducted by a Board of
Directors Of not less than three
nor more than five persons, each
stock holder in this corporation,
and each director except in case
of vacan les shall be elected at
the ANNUAL meeting of stock hold
ars except the first board, which
is chosen as in these Articles here
matter set forth.
The officers of the company
consists of president, vice -presi-
dent, Sc retary and treasurer and
such other officers as the Board
Cf 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 encumbered of which are con-
sistent maybe held by the same
person. Both the officers and di
rectors shall hold their office fo'
the period of one year from and
sitter election and qualification
0ad until their successors are
elec ted and qualified, unless re-
moved by the board. The direc-
tors shal! have the right TO fill
any vacancies occurring in the
'oard by death, resignation or 9th
nrwise, and the person or persons
aleotad to fill any such vacancies
hal. hold his office until the next
'egular meeting of stock holders
ARTICLE VIII.
TIE regular annual meeting of
the stock holders which shall be
eld in the main office Of the cor
-noration on the first Monday of
November beginning with the year
929, unless such a day shall fal!
IN a legal holiday, and in which
event such meeting shall be on the
next secular day.
ARTICLE TX.
Ths incorporators shall name
the persons who shall. constitute
5he first Rpard of Directors and
when 80 selected by the incorpora-
tors said members of the Board
shall serve until the first annual
stock holders meeting and until
heir successors are elected and
qualified.
A majority Of the Board of Di-
rectors shall constitute a quorum
and, except as herein and in the
ty-laws otherwise provided, shall
nave the same authority and pow
ers as if a full Board were pre-
sent.
ARTICLE K.
The Board of Directors shall
have the power to make and alter
the bylaws of the corporation; to
fix the amount to be reserved as
working capital, and to authorize
and cause to be executed mort
gages debentures and other obliga-
tions which shall be liens upon the
property and franchises Of the cor
poration, and, in general to exer-
else 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.