Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1891-01-23

90 per cent preferred cumulative DIVIDEND stoek
u he
Fort Worth Security L Construction Co.,
or Fonr woHra, Texas,
who's. capital Of $500 900 is divided into e2:ooo :
rer cent preferred cumulative dividend stock Ssjo
100 per cent common stock. The entire issua
common stock having been taken by eittxsn Of
HOW DIvID ENDS WILL BE PAID.
As this corporation. In addition 10 ts other val.
liable. mostly inside, real estate owns in the city
o, Fort worth, Texas, the two finest cammcrctai
buildings sonth of Ct. Louis In the United stntes
Known az the Hurley ofies building and tho Mar
in Brown Wholesale Dry Goods building for
which the charge for rentals Ia ti0,29s annually.
II has been agreed by the directors To set aside
si4 900 from these rentals, which can be- at,uIled
only 10 the per cent dividend on the 500 coo
and further, that such preferred stock shall nrsi
b. paid In full oat Of the assets OF sait eoTpora
fiOn upon the DISSOLUTION thereof. before the com
mon STOCK shhli be entitled to share in such assets
And u IL further agreed that after the preferred
stock has been paid its per cent. dividend that
ron act earnings the common stock il to receive
pr cent. and from the baiance OF profits diyt
dsnd be paid 0n sch The preferred aud common
NJ per cent, ,hus making the preferred 10 per
cent. and N" common per cent. stock. All
earnings above sniicien' 20 pay the above digi
lrnds. WiItoh will amount 20 "a go per an1utn j..
to be carried 70 surplus account for period Ok
ave years, and at the expiration Of that tine tho
directors may divide il among the stockholders of
record "a they may deem proper.
II l. expected that from the Increased capital OF
Hf'N Np now OHfbn, Inc corporation
from ti60.0J0 10 A2oo.O00 per anBun. as II viii
place the company n a postion to handle all bust.
ness offered to minimum Of from il.OooA0 To
jOc,po worth OF construction annually
OBJECTS OF THE EtONPANy
III" Fort worth security and C0H.tructiOn
Company, Of Fort worth. Texas. Is duly incorpo.
rated under the laws Of the state Of lexa- for the
purpose of the erection Of building- and he accu
mutation and loan of funds for the purchase Of
real property in cities. towns aud villages and also
i0r tii" accumulation and loan OF money.
HISTORY Of THE (DMpANY
The Fort Worth security and Construction
Company. Of Port Worth, Texas. Is an ouigrowth
Oi and succeeded the Fort worth Loan and Con
struetion Company, December 3lst Is90, which
wts the most successful corporation Of It's kind In
ihe south~esi. having. on capital Of 800 900,
armed f325,h net inside Of two years. II organ
Nrd with fio01Go capital Ia February. IN lssg. n
tt"hsing same rom earnings alone To tD0O00 In
April, lssc. and in December. $40. shows adai
fionh surplus Oa conservative valuations of sl25,-
go II il TO push this business to greater prGpor.
tons that this 800 % preferred stock Is now offer
Ihr phenomnai net earnings Of this corporation
shows why conservative Investors demanding as.
-urrd dividends turning from
iIsvsy to industrial Securities,
IT. capital Invested mostly in inside improved
property which Is constantly tncr' asing IN value
forms a permanent security for fidelity. aud
pr controlling the sale the best .eecrtie5 in the
-'afc. A. its officer. arr among ia largest stock
hodersiis affairs will receive their undivided at
tenion. It Il not often that an investment. bear
ipg such a high rate OF digideud counted with
IT'S GENERAL RCsISEss.
In addition To its construction department IL tran
sac's general financial business 1t deals in icxas
'"rutitcs for investors trust fund aud Institutions
furnishes Information and makes expert reports
pu The property Ut tndvduals. railway or other
corporations, and pays taxes for ron re stdsnis.
Examination aud Guarantee of Titles.
titles TO Texas real state and mortgages thor
uughly examined and insured. the charge Of which
Will bs made known before work "a begun.
The option Is reserved TO subscribrr. to pay In
full on application, or on the date of any install
msn,.
Interest at the rate OF : per cent, per annum
will 70. allowed on such prepayncnts.
kOr further particulars address the MER
HANrS NATIONAL BANK or fHE tORt
WORTH sECt kirf CoNsTkICfIoN Co,
FOR, worth, Texas. lsul6dP