Nogales international., 1936-03-21
LEGAL NOTICE

Notwithstanding the foregoing
enumeration and statement of OBJ
jects, purposes and powers of this
corporation, this corporation is or
ganized primarily and substantially
to liquidate certain specific assets,
to-wit; the properties ana interests
in certain timber lands, water and
power rights, ranch and cattle
lands, mines and mining claims,
minerals and minera.. rights, town
lots and other real estate, cattle,
cash and chooses In action 20 be ac-
quired by the corporation in consid-
Grafton of the issuance Of the
"Class A. and Glass B" stock au-
thor!zed herein
T The foregoing statement of pur-
poses shall be construed both As
objects and purposes and as powers
and each and all of said statements
Iof purposes shall be applicable In
all respects to the transaction OF
business without, as well as with
in, the said State of California; and
it is hereby expressly provided that
the foregoing enumeration of spe-
cific objects and purposes shall not
be held to limit or restrict in any
manner the general powers of the
corporation.
The County in the State of Cali
fornia, where the principal office
for the transaction of business Of
this corporation is to be located, is
the City and County of San Fran
cisco.
This corporation is authorized tx
issue two classes of shares of stock
to be designated respectively as
"Class A" and :fClass b.. The tota
number of shares which this cor
poration shall have authority to is.
sue is 540O shares. ~
The number of Glass, AZ shares
that are to be without par value
shall be 4590 shares and the mum.
Der of "C1ass B" shares that are tx
be without par value shall be 81
shares
A statement of the preferences
privileges and restrictions granted
to or imposed upon the holders oi
the different classes Of shares ir
this corporation, is as follows:
a. The holders of Glass A" shar.
es, issued and outstanding, except
as otherwise provided by law Of
otherwise expressly provided by
these Articles of incorporation, shall
have and possess the sole and ex'
elusive voting rights and powers
and the holders of "Class B" STOCK
shall not be entitled to vote upor
the election of directors or upor
any question affecting the manage.
ment or affairs of this corporation
except where such vote is required
by law Or by the express provisions
of these Articles of Incorporation.
b. The holders Of "Class b
stock shall be entitled to receive
out of any funds of this corporation
at the time legally available for thu
declaration of dividends, iquidatint
or otherwise, dividends payable IL
cash in an amount which shall bea,
the same ratio to the total fund
legally available for the declaration
of dividends as to the total tsSslet
and outstanding shares of "Clas
B" stock bears to the total stool
In the corporation Of all classes ant
it shall be the duty of the Boart
of Directors to declare and to caus'
to be paid such dividends to th'
holders Of Glass B" stock.
e. In the event Of a voluntary o.
involuntary dissolution or winding
up of this corporation, the holder
of "Class B" stock shall be en-
titled to receive out of the asset
of this corporation, whether suct
assets are capital or surplus ant
whether such assets consist of cash
chooses In action, real or persona
property, such proportion of sucf
assets as the total number of Is
sued and outstanding shares o
"Class B" stock bears to the tota
issued and outstanding shares o
stock In the corporation of al
classes.
d. The holders of "Class B
stock while not entitled to exercis
any voting rights or powers shal
be entitled to notice of and to at
tend in person or by representativ
all Directors and shareholders
meetings and shall at all times IL
person or by their duly authorizes
representative, have access to ant
the right to inspect the books, re
cords, accounts, correspondence AM
files Of the corporation.
e. Subject to all of the rights o
the holders of "Class 3" shares a
hereinabove in subdivisions b,
and 4 r1rovidad the holders O