Nogales international., 1935-08-31
LEGAL NOTICE

annually, SeMi-annually, quarterly,
or o1tener, as may be determined
by the Board of Directors. Except
as hereinabove provided, any out
standing shares of first preferred
stock and second preferred stock
may be redeemed or retired at any
time and in such manner as shall
be determined by the Board of Di-
rectors.
In the event of any liquidation,
dissolution or winding up, whether
voluntary or involuntary, of the cor
porat1on, the holders of the first
preferred stock shall share equally,
and be entitled to be paid in full
both the par amount of their shares
and the unpaid dividends accrued
thereon before any amount shall be
paid to the holders of the second
preferred stock, and after the pay
ment in full of all unpaid dividends
accrued upon and the par value of
the first preferred stock then the
holders OF the second preferred
stock shall share equally and be
entitled to be paid in full both
the par amount of their shares and
the unpaid dividends accrued there
on before any amount shall be paid
to the holders of the common stock,
and after the payment in the order
aforesaid to the holders of all the
preferred stock of it's par value and
OF all the unpaid declared or ac-
crued dividends thereon, the remain
ing assets and funds shall be di-
vlded and paid to the holders of
the common stock equally and pro
rata according to their respective
shares
ARTICLE v.
The commencement of this cor
poration shall be the date of the
issuance to it of Certificate of
incorporation by the Arizona Cor
poration Commission and it shall
endure for the full term of twenty
five (25) years thereafter, with priv
ilege of renewal as provided by law.
ARTICLE vi.
The management and control of
the business, property and affairs
of the corporation shall be vested
in and conducted by a Board of
Directors consisting of not less than
three 90 nor more than nine (9)
members who shall be stockholders
of the corporation The directors
shall be elected at the regular an
nual meeting of the stockholders
which shall be held at Nogales, Ari-
zona, or at such other place as
the Board of Directors may de-
termine, on the first Tuesday in
March of each year, and shall hold
their office until their successors
are elected and qualified.
The directors shall have the power
to adopt, amend and rescind by
laws, to fill vacancies occurring in
the Board Or any office from any
cause, and to appoint such commit
tees or such other officers or agents
as they may deem proper.
ARTICLE VII.
The officers of the corporation
shall be a President, Vice-President,
Secretary and Treasurer, and such
other officers as the Board of Di-
rectors shall deem necessary or ex-
pedient. Any two of said offices,
except those of President and Vice
President may be held by the same
person. The officers shall be elect
ed annually by, from and among
the directors within ten (1O days
after the annual meeting of the
stockholders and shall hold their
office until their successors are
elected and qualified.
ARTICLE VIII.
The highest amount of indebted
ness or liability to which the cor
poration may at any time subject
itself, shall in no event exceed Thir-
j ty-five Thousand Three Hundred
Thirty-three and 33/ 100 ($35, 3.33)
| Dollars.
ARTICLE TX.
The stockholders, officers, direc-
tors and members of the corpora
ton, and their private property
shall forever be exempt from any
| liability for the debts and obliga-
tionS Of the corporation.
ARTICLE x.
James " Robins, who has been
a bona fide resident of the State
of Arizona for more than three years
last past, is hereby appointed the
agent of this corporation upon whom
all notices and processes, including
summons, may be served. This ap-
pointment may be revoked by the
Board of Directors at any time by
the filing of the appointment of
another agent.
IN WITNESS WHEREOF, we
have hereunto set our hands this
3rd day of August, A. D. 1885.
JAMES v. ROBINS.
WALTER GLAESER.