Nogales international., 1928-12-07
LEGAL NOTICE

| kSfCy G1 any person, Ilfnl; aSSoc1a-
ton or corporation, and pay for
the same IN casa OF, stock, bonds
or obligations Of this corporation,
or otherwise.
To issue bonds, notes, deben-
lures or otner forms of corporate
| Obligations and to sell, pledge or
tlypothecate the same and to Sc.
cure the payment thereof by mort
gage, p.edge or otherwise upon all
OF any cart of the property Of the
corporation; to purchase, acquire,
nold, sell and dispose OF the stock,
bonds OF other evidence of indebt
aoness OF any corporation, domes-
tic OF foreign, and to issue and
exchange therefore it's stocks,
bonds or other obligations.
| Without in any particular limit
ing OF any of tne objects or pur-
poses Or powers Of the corporation,
the business or purposes the COR
poration shal! be from time to time
to Go 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-
Aary Incidental, convenient or aux.
lnary thereto, or calculated direct
~ or indirectly to promote the in
; terest OF the corporation or en-
, rance the value OF or render pro-
fitable any of It's property or
rights, such corporation may law
tully do; and in carrying on it's
BUSINESS, or for the purpose of at
'alning or furtheling any of it's
cn]ects, to do any and al! acts and
tnlngs, and to exer,ase any and
silI other powers which co-part-
l,efshlp Or natural person could
10 anu exercise, and which now or
Hereafter maybe authorized bv
!, law and either as or by and
: through principals, agents, attor-
neys, trustees, contractors, factors,
lessons. lesssss, 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
eani2ed under the provisions of
tie law authorizing the formation
{ f such corporations
ARTICLE V.
The total authorized capital
- X Of this corporation shall be
Fifty Thousand (s5O,00O0O) Dol
lars, divided into two hundred fifty
t2501 shares of preferred stock
Ct the par value of Cne Hundred
; and no 400 ($1O0.00) Dollars each,
and twenty five thousand (25,000)
: shares of common stock of the
, par value of one ($1.00) 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-
termine in exchange for cash, pro-
r perty, 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 ah-
: s9nce of fraud, be conclusive.
The holders .of the preferred
stock shall be entitled to cumula-
tive dividends thereon at the rate
Of eight ($8.00) Dollars per share
cr eight per centum of the amount
Or par value for each and every
fiscal year of the life of the COR
roration and no more, payable
out of anv and all surplus or net
profits, quarterly. half-yearlv or
yearly, as and when declared by
the Board of Directors. before any
. dividends shall be declared. set a.
part for. or paid upon the COM
mon stock Of TIE corporation. Said
dividends on the preferred stock
shall be cumulative. so that if the
: torporation shall fail in any fis-
cal year to pay such dividends on
ali of the issued and outstanding
t preferred stock, such deficiency in
the dividend: shall be fully paid,
. h,lt 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 he entitled
to partic ipate in anv other or ad-
citionai 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
G any meeting of stockholders of the
company.
j.. In the event Of the dissolution
or LIQUIDATION of the corporation,
: or sale of all it's assets (whether
f voluntary Or Involuntary or in
, event of it's Insolvency or uuon
, any distribution of its capital,
: there shall be paid to the holders
Of the preferred stock the par val
ue thereof. to-wit, One Hundred
(S100.00) 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 i+s par value and
; the unpaid accrued dividends there.
en-, the remaining assets and fund,
: IF 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
ccncurrently 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