Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1891-01-19
Fort Worth Security L Construction Co.,

W pr ce"t pfeieffN" eaDhHasifr oiu1ena stoct
OF the
Fort Worth Security L Construction Co.,
OF FORf WoerB, TEXAS,
whose capital Of 900 900 Ia divided Into e2seeso
rer preferred cumulative dividend stock. S3ot
100 per cent common stock. The entire Issue
common stock having been taken by citizens 0I
Fort Worth, at par.
now DIVIDENDS WILL RE PAID.
A. this corporation, In addition 70 iss other val
uable, mostly inside, real estate owns In the city
Of Fort Worth, Texas, the two finest catntnercia
buiidiogr sonth Of ST. Louis IN the United States
known as the Hurley Once building and the Mar
tin. Brown Wholesale Dry Goods building, fof
which the charge for rentals Is s3o, ,2Ds Annually
u has been agreed by the directors TO set asids
tlI 900 from these rentals. which can be- applied
only to the 7 per cent dividend on the 400, 900
and further. that such preferred stock shall Hrai
be paid in fall out of the assets OF said corpora
ton upon the dissolution thereof, before the CON.
mon stock shall be entitled TO share in such assets
And It Ia further agreed that after the preferred
stock has been paid its per cent. dividend that
from net earnings the common stock IA to receive
per cent and from the balance OF profits a divi,
dend be paid on csoii the preferred and common
Of per cent, thus making the preferred 10 per
cent. and the common per cent. stock. All
earnings above sufficient to pay the above diyi
dcnds, which will amount to $4,000 per annnm, IA
10 be carried TO surplus account for a period oi
hve years. and at the expiration OF that time the
directors may divide 1t among the stockholders OF
record as they may deem proper.
1t IL expected that from the increased capital OF
ag10 100 offered, the corporation can earn
from ti50.0)o 10 100000 per amman, az 1t will
place the company in position to haodle ali bust
ness offered to a minimum of from si,D0o 900 10
81 800 coo worth OF construction annually.
OBJECTS OF THE COMPANY.
The Fort Worth Security and Construction
Company, OF Fort worth, Texas, Is duty incorpo-
rated under the OF the state of lexas for the
parpose OF the erection Of building and the accu
mutation and loan Of funds for the purchase OF
real properly In cities. towns and villages, and also
for the accumulation and loan OF money.
HISTORY OF THE COMPANY.
The Fort Worth Security and Construction
Company, of Fort Worth. Texas, Is an ouiErowtli
Of and succeeded the Fort Worth Loan aud Con.
siruction Company, December 3lst. l@vp, which
was the most successful corporation Of iis kind In
the Southwest. having, on "a capital Of 100000.
armed f225 900 net inside of two years. 1t organ
ked with 9loo.ooo capital in February. In 1889. in-
cteasing same from earnings alone TO 43000o0 in
April 1890, and in December, 1850, shows addi-
ti0nal surplus on conservative valuations OF si25,
80. II is 10 push this business to greater prspoF-
tons that this s200.o preferred stock Is now ofer
ed.
The phenomenal net earnings Of this corporation
shows why conservative Investors demanding AS
snred divide nds are turning from
Railway 10 Industrial Securities.
lis capital Invested moatIy in inside improved
property, which il constantly increasing in value.
torm' permanent security for ifs fidelity. and
for controlling tho sale az The best securities in the
state. As its officers among It's largest stock
holders iis affairs will receive their undivided OF
rntion. II IL not often that an investment, bear
ing such high rate eI dividend, coupled with
absolute safety IL offered to the public.
ITS GENERAL BUsIsESs.
In addition 10 it's construction depart meDt IL tran.
saets general financial business. IL deals 10 Texas
.crurities for Investors trust, fund md Institutions
furnishes information aud makes expert reports
the property of individuals, railway or other
cofporAtiops and pays taxes tor non residents.
Examination and Guarantee Of Titiea.
tiles 10 Texas real estate and mortgages thor
ougby examined and insured, the charge of which
Will be made known before work is began.
The option Is reserved 10 subscribers to phy in
'ull on application, or on tie date of any install
meat.
Interest NJ she rate OF per cent. per annum
will BE- allowed On such prepayments.
For further particulars address the MER
tHANr's NATIONAL BANK or TUE FoRr
WORTH SECt RitN & CONSTRt CFiON Co,
ka-t Worth Texas ianGjgt