Nogales international., 1936-03-07
LEGAL NOTICE

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 to
issue two classes of shares OF stock
to be designated respectively as
"Class A" and "Class b.. The total
number of shares which this cor
poration shall have authority to Is
sue is 5400 shares.
The number Of "Class A" shares
that are to be without par value
shall be 1890 shares and the num-
ber of "Class B" shares that are to
be without par value shall be 80
shares.
v
A statement of the preferences
privileges and restrictions granted
to or imposed upon the holders OF
the different classes of shares in
this corporation, is as follows:
a. The holders of "Class A" shar-
es issued and outstanding, except
as otherwise provided by law or
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 upon
the election of directors or upon
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 the
declaration of dividends, liquidating
or otherwise, dividends payable in
cash in an amount which shall bear
the same ratio to the total funds
legally available for the declaration
Of dividends as to the total issued
and outstanding shares of "Class
B" stock bears to the total stock
in the corporation of all classes and
it shall be the duty of the Board
of Directors to declare and to cause
to be paid such dividends to the
holders of "Class B" stock.
g In the event of a voluntary or
involuntary dissolution or winding
up of this corporation the holders
of "Class B" stock shall be en-
titled to receive out of the assets
of this corporation, whether such
assets are capital or surplus and
whether such assets consist OF cash,
chooses in action, real or personal
property, such proportion of such
assets as the total number of is
sued and outstanding shares OF
"Class p" stock bears to the total
issued nd outstanding shares Of
stock II the corporation of all
classes.
d. To holders of "Class b.
stock while not entitled to exercise
any voting rights or powers shall
be entitled to notice of and to at
tend in person or by representative
all Directors and shareholders
meetings and shall at all times in
person or by their duly authorized
representative, have access to ana
the right to inspect the books, re-
cords, accounts, correspondence and
files of the corporation.
e) Subject to all of the rights OF
the holders of "Class B" shares as
hereinabove in subdivisions b, C
and d provided, the holders OF
"Class A" shares shall be entitled
to receive dividends liquidating or
otherwise out of any funds of the
corporation legally available for the
declaration of division as and when
declared by the Board of Directors,
in such proportion as each share
holders stock bears to the total is
sued and outstanding stock in the
corporation of all classes.
vi
The number of directors is three,
and the names and addresses OF the
Persons who are hereby appointed
to act as the first directors OF this
corporation are:
Eugene R. Elerd1ng, 1879 OXFORD
Street, Berkeley.
Kathryn Mowbray, 21O1 Sacramen-
to Street, San Francisco.
Dorothy Devices, 525 STOCKTON
Street, San Francisco.
a. Authority is hereby granted TO
the holders of shares of this corpor-
alton, entitled to vote, to change
from tine to time the authorized
number of directors of this corpora
ton by duly adopted amendment
of the bylaws of this corporation.
&c %14ic a.