The border vidette., 1928-09-29
ARTICLES OF INCORPORATION
or
PACIFIC FINANCE CORPORATION

PACIFIC FINANCE CORPORATION
KNOW ALL MEN BY THESE
PRESENTS: That we, the under
signed, majority OF whom are citizens
and resid ents Of the State Of Califor-
MIA, have this day voluntarily aesociat.
ed ourselves together for the purpose
OF forming corporation under the
laws OF the State OF California. and 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 or
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, hypothecate, bond, dispose
OF and deal in personal property within
the State OF California or elsewhere,
including franchises. for any Of the
purposes set forth herein or in any way
related thereto;
(3rd) To issue bonds secured by
mortgage or otherwise, upon any of its
property or properties, or to execute
deeds OF trust conveying its property
or any part thereof to 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 OF proper
for any or all of the purposes set forth
in these Articles of Incorporation.
(4th) To purchase. own, hold. sell,
mortgage, lease, rent, assign, transfer
and hypothecate real and personal
property, bonds. causes in action, cspi-
tai stock of other corporations and all
classes of evidence OF indebted ness.
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 (5O) years from
and after the date Of its incorporation.
FIFTH
That the number of Directors of said
corporation shall be fifteen ll5), and
that the names and residences of those
appointed for the first year to serve
until Board Of Directors is selected
by the stockholders. arc:
Names Whose Residence Is:
S. F. McClung, Los Angeles, Calf.
r. S. HoagIand. Los Angeles. Calf.
Douglas &c. Moore, Los Angeles. Calf.
e. 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 (Sl2 ,000,000) divided into Four
Hundred Eighty Thousand (4e0, OOO)
shares of the par value of Twenty five
Dollars tS25) each; of such total capital
stock, Two Hundred Eighty thousand
(280, 000) shares amounting to Seven
Million Dollars (S7 ,0OO. .O0O) par value
are and shall be preferred stock. and
Two Hundred Thousand 900, OOO)
shares amounting to Five Million DOL
lars (S5, 600. 900, par value are and shall
be common stock.
OF the preferred stock. Eighty Thou
sand (80O00) shares amounting to Two
Million Dollars $4,000 00O) par value
shall be known as s.Series Az and
Forty Thousand 90 600 O)shares amount
ing to One Million Dollars ISL ,0O0, ,OOO)
par value shall be known as "Series B''
and Eighty Thousand (80,O00) shares
amounting to Two Million Dollars (S2,-
O0O,000) par value shall be known as
'Series e" and Eighty Thousand $780,.
O0O) shares amounting to Two Million
Dollars (S2 0OO,00O) par value shall be
known as "Series n''. There shall be
no distinction or preference between
"Series AZ. "Series 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 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
of such 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
~ mar cQutA uppnryo frn,,o tho 70 Of