Nogales international., 1928-12-11
LEGAL NOTICE


the same in cash or. stock, bonds
or obligations of this corporation,
or otherwise.
To issue bonds, notes, deben-
lures or other forms of corporate
obligations and to sell, pledge or
hypothecate the same and to Sc.
cure the payment thereof by mort
gage, pledge or otherwise upon all
CT any cart of the property of the
corporation; to purchase, acquire,
hold, sell and dispose of the stock,
bonds or other evidence of indebt-
edness of any corporation, domes-
tic or foreign, and to issue and
exchange therefore its stocks,
bonds or other obligations.
Without in any particular limit
ing of any of the objects or pur-
poses or powers of the corporation,
the business or purposes + the COR
roration shall be from time to time
to do any one or more or al! 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-
Larry incidental, convenient or aux
iliary thereto, or calculated direct
ly or indirectly to promote the in
tere.st Of the corporation or en-
rance the value of or render pro-
fitable any of its property or
rights, such a corporation may law
iully do; and in carrying on it's
business, or for the purpose OF at.
'alnlng or fuTtheling any of it's
objects, to do any and 81! acts and
Things, and to exer Use any and
an other powers which co-part-
Lefshlp or natural person could
40 and exercise, and which now or
hereafter maybe authorized by
Jaw and either as or by and
through principals, agents, attor-
neys, trustees, contractors, factors,
lessons, lessess, 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
eanized under the provisions of
the law authorizing the formation
If such corporations.
ARTICLE V.
The total authorized capital
to k of this corporation shall be
Fifty Thousand ($5O,O00 0O) Dol
as, divided into two hundred fifty
;250} shares of preferred stock
of tie par value of One Hundred
and no 400 (s1O0.00) Dollars each,
and twenty five thousand (25, 5,0OO)
shares Of common stock of the
par value of one ($1.O0) Dollar
each, and said. stock shal! be is
sued fully paid and worcestershire
at such time and in such manner
as the Board of Directors may de-
termine in exchange for cash, pro-
rerty, 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 alb,
sence 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
.,r 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 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 the corporation. Said
dividends on the preferred stock
shall be cumulative, so that if the
corporation shal! fail in any fis-
cal year to pay such dividends on
ali of the issued and outstanding
preferred stock. such deficiency in
the dividends shall be fully paid,
hut without interest. before any
dividends shall be paid or set apart
on tke common stock. Subject to
the foreging provisions said pre-
fferred stock shall not be entitled
to participate in any other or ad-
oitiona! 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
any meeting of stockholders of the
company.
In the event Of the dissolution
or liquidation of the corporation,
or sale of all it's assets {whether
voluntary or Involuntary or in
event of It's insolvency or upon
any distribution of its capita!
there shall be paid to the holders
IF the preferred stock the par val
ue thereof. to-wit, One Hundred
| (S1O0,0O) 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-
ferred stock Of its par value and
the unpaid accrued dividends there.
en-, the remaining assets and fund,
Of 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
ooncurrently 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
oil accumulated dividends on the