Nogales international., 1928-12-11
LEGAL NOTICE

l voluntary VI lAFOluitoIy VI III
ey ent Of its insolvency or upon
any distribution of its 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
preferred stock Of it's par value
and the unpaid accrued dividends
thereon. the remaining assets and
funds of the corporation shall be
divided among and paid to the
holders Of the common stock ac
oording TO their respective shares
The Board of Directors may in
their discretion declare and paw
dividends on TIE common stocl
concurrently with dividends on the
preferred stock, for any dividend
neriod of any fiscal year wher
such dividends are applicable to ths
common stock; provided that al
accumulated dividends on the pre-
fe,red stock for all previous fis
cal years and all dividends on pre-
ferwed stock for previous dividend
periods for that fis a! year shall
kQve been paid in full.
The whole or any part of the
preferred stock shall be subject to
redemption at One Hundred Ten
(S11000) Dollars per share and
accumulated dividends hereon at
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.
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 TIE privilege of renew
all as provided DV law.
ARTICLE VII.
The management and conduct of
the business, property and affairs
of the corporation shall be vested
in and conducted by Board of
Directors Of not less than three
nor more than five persons, each
stock holder in This corporation,
and each director except in case
of vacan les shall be elected at
the annual meeting of stock hold
@rs except the first board, which
is chosen as in these Articles here
matter set forth.
The officers of the company
consists of president, vice-presi-
dent, sc retary and treasurer and
such other officers as the Board
Of Directors shall deem .aXpedient,
and all shall be elected or appoint
ed by the Board of Directors. ANY
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
rectors shall hold their office fol
the period of one year from and
after election and qualification
and until their successors are
ele ted and qualified, unless re-
moved by the board. The direc
tors shal! have the right to fill
any vacancies occurring in the
'oard by death, resignation or 9th,
nrwise, and the person or persons
a|erted to fill any such vacanciec
7hall hold his office until the next
'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
noration on the first Monday of
November beginning with the year
1929, unless such day shall fal!
N a legal holiday, and in which
event such meeting shall be on the
aext secular day.
ARTICLE TX.
The incorporators shall name
the persons who shall. constitute
the first BOARD of Directors and
when so selected by the incorpora-
tors said members of the Board
hall 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
and, except as herein and in the
y-.aws otherwise provided, shall
ave the same authority and pow
2rs as if a full Board were pre-
lent.
ARTICLE K.
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
nd cause to be executed mort
ages debentures and other obliGa.
tions which shall be liens upon the
property and franchises of the cor
poration, and, in general to exer-