Nogales international., 1928-11-23

tlon may lawfully do; and in carry
ing o4l its business, or for the pur
lose of attaining OF turtnering an,
Of its objects, to do any and a:
acts and things, and to exercis
any and all other powers which ;
Go-partnership or natural person
Couid do aid exercise, and Wh'cI
now or hereafter may be authorize,
by law and either as or by anC
through principals, agents, attorn
eys, trustees contractors, factors
lessons, lesSees, or otherwise. either
alone or in conjunction with Other.
and in any part of the world; ane
in addition to have aad to exer
Csc al! the rights, powers anC
privileges now OR hereafter belong.
ing to or conferred upon corpora
tiol.s organized under the provis.
ions of the law authorizing ths
formation of such corporations.
ARTICLE V.
Tie total authorized capita
sock of this corporation shall be
fii+y thousand ($50,OO0.0O) Dol.
'ars, divided into two hundred
fifty (25O) shares of preferred
stock of the par value of one hun
dred and no 400 ($10O.0O) Dollars
each, and twenty-five thousand
$4,000 shares of common stock
Of the par value of one ($1.OO)
Dollar ca h, and said stock shall
be issued fully paid and non-asses
sable at such time and in such
manner as the Board of Directors
may determine in exchange for
cash, property, service or other
valuable right or thing, and the
Judgement of the Board of Direc.
tors as to the value of such pro
I'erty, service, right or thing shall.
IN the absence of fraud, be con-
, lusive.
The holders of the preferred
took shall be entitled to cumula'
tive dividends thereon at the rate
of eight ($8.00) Dollars per share
~ eight per centum of the amount
OR par value for each and every
fiscal year of the life of the cor
poration and no more, payable out
cf any and all surplus or net pro-
fits, quarterly, half-yearly or year
", as hen declared by
+ h Borad Of Direct / S,
b ore any divid e n d s
sail be declared, set apart for, or
paid upon the common stock of
the corporation. Said dividends on
the preferred stock shall be cumu-
iative, so that if the corporation
shall fail in any fiscal year to
pay such dividends on all of the
issued and outstanding preferred
stock, such deficiency in the divi-
Gonds shall be fully paid, but with
out interest, before any dividends
/ shall be paid or set apart on the
common stock. Subject to the fore
going provisions said preferred
stock shall not be entitled to parti-
cipate in any other or additional
earnings or profits Of the corpora.
tion, the owners or holders of pre-,
! ferNed stock shall! have 40 voting
! powers whatsoever, nor shall thev
lie entitled to notice of any meet
ing of stockholders of the COM
rany.
The whole or any part of the
preferred stock shall be subject to
redemption at .One hundred-ten
($110.0O) Dollars per share and
ac unlulated dividends hereon a.
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.
Ihe time of tfe commencement
OF this corporal on shall be the
date of the filing Of these Artiel "a
Wlta the Arizona Corporation
commission, and the terminatio,
t;ereof shall be twenty-five years
hereafter, with the privilege Of
renewal, as provided by law.
ARTICLE VII.
The management and conduc+ Of
tne business, property and affairs
of the corporation shall be vested
il and conducted by a Board Of
Directors of not Less than three nor
lAore than five persons, each u
stock holder in *his corporation,
and each director, except in case
of va ancies 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-
dent, secretary and treasurer and
such other off ers as the Board
of Directors shall deem expedient,
and all shall be elected or appoint
ed by the Board of Directors. ANY
@wo or more offices, the duties of
the encountered Of which are con-
sistent may be held by the same
person. Both of the officers and
| directors shall hold their offices
for the period of one year from
and after ele, ton and oualifica-
ton end until their successors are
elected and qualified, unless remov.
ed by the Board. The Directors
shall have the right to fill, any
vacancies occurring in the Board by
death, resignation or otherwise,
and the person or persons elected
to fill anv such vacancies shall
ho:d his office until the next re-
gular meeting of stock holders.
ARTICLE VIII.
The regular annual meeting of
the stock holders which shall be
held in the main office of tho cor