Nogales international., 1928-12-07
LEGAL NOTICE

event of it's insolvency or upon
any distribution of it's capital,
there shall be paid to the holders
of the preferred stock the par
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 shall be paid or any as
sets distributed among the holders
Of the common stock; and after
the payment to the holders of the
nreferred stock of it's par value
nd the rnpaid accrued dividends
thereon, the remaining assets an3
fun@s of the corporation shall r.
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 paw
C'ivi'eMds on the common stock
concurrentlv with dividends on the
preferred stock. for any dividend
neriod of anv fiscal year when
such dividends are applicable to tn
common stock: provided that all
accumulated dividends on the pre~
forred stock for all previous fis
nal ysars and all dividends on ure-
fe.r>ed stock for previous dividend
periods for that fiscal year shall
love been paid in full.
The whole or anv part of the
preferred stock shall be sub 'act to
redemntion at One Hundred Ten
(S110.00) Dollars per share and
accumulated dividends hereon a.
any time after one year from the
issue thereof at such time or times
and in suoh nanner ss 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
tie br:ziness, property and affairs
IF the corporation shall be vested
'c1 and conducted by Board of
Directors of not less than three
nor more than five persons, each
stock holder in this corporation,
md each director except in case
IF 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 a president, vice-presi-
lent, sc retary and treasurer and
-uch other officers as the Board
# Directors shall deem ,expedient,
and all shall be elected or appoint
ed by the Board of Directors. An.
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
~ectors shall hold their office fo
the period Of one year from and
after election and qualification
nd until their successors are
ele ted and qualified, unless re
moved bv the board. The direc
tors shal! have the right to fill.
my vacancies occurring in the
oard by death, resignation or 9th
rwise, and the person or person
lie ted to fill any such vacancie~
hall hold his office until the nex'
egular meeting of stock holders
ARTICLE VIII.
The regular annual meeting Of
the stock holders which shall be
eld in the main office of the cor
7omtion on the first Monday of
November beginning with the year
1929, unless such day shall fall
m a legal holiday, and in which
event such meeting shall be on the
next secular day.
ARTICLE TX.
The ineorporators shall name
he persons who shall. constitute
SSlle first RI1ard of Directors and
vhen so selected by the incorpora-
tors said members of the Board
jhall serve until the first annual
stock holders meeting and until
heir successors are elected and
qualified,
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
IS as if full Board were pre-.
'ent.
ARTICLE <.
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
rages debentures and other obliga
tions which shall be liens upon the
property and franchises of the cor
poration, and, in general to exer-
ise 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 XII.
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
sha!! at any time subject itself
shall be computed by rules and