Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1891-01-17
Fort WGn ssarliy / esisirg:nar Co.,

Fort Wgtl SsnrliJ L Construction Co.,
OF FogT WORTH, Texas,
whose capital of Aso6 900 10 dIvt1ed into o2reooo
rer esns preferred eumulasfye dividend stock; 800
90 per eeat common stock. The entire isxue
oonmen stoek having been taken by citizens 81
HOW DfvsDESDs WILL BE PAID.
- this corpossiop. IN addition TO Its other val
sAole mostly inside. real estate owns In the cty
Of Fort worth, Texas, the two fines. eammefcixi
buildings sonsh Of st. Lnuis In The United stss,s
known "a the Hurley once building aud the Mar.
TIN srovn WhoiesaIs Dry Goods building, fer
~ has bssn agreed by the directors TO set aside
tf!0oo from these rentals. witch Gao be aepgle1
only TO tae per cent dividend on the 5000:
and further. that such preferred stock shaA frat
BE- paid In full out Of the assets Of sait CORPORA
tion upon the dissolution thereof. before the CON
mon stock shall De entitled 70 share 10 sacb assets.
Aed 1t " further agreed that after the preferred
stock has been paid Ia ter cent. disidena that
from act earnings the common stock Is 10 receive
pei cent. and from the balance Of pr ats diyi-
dsnd be paid os zach the preferred sai common
OF per cent, thus making the preferred = 10 per
cent aad the common y PER cent. stoek. All
earnings above sufficient to paw the above diyi
hsnds, which VIII amount 10 "a 900 per nnnHin. Ia
10 be carried to surplus account for a period Of
iive yrsrs and at the sxpira,lon of that time the
directors may divide II smong the stockholders OF
record as they may deem proper.
IL Il expected that from the incrsased capital OF
$1,000 now offered, the corporation can earn
from $4,000 % szoo.o1o Fer annum. As IL viii
mess offered TO a miatIpum Of from si 900 go TO
sl 1o. 600 worth Of construction annually.
OnS ECIs'OF THE COMPANY.
The Fort Worth Security and Construction
Company, Of Fort Worth, Texas, is dniy iusorpo.
rated under the Of the state Of exas tor The
purpose OF the erection Of bulldogs and the
mutation and loan of fgnds for the purehAse of
real properly In ciies, tos and villages and also
for the accumulation and loan Of money.
HISTORY of THE COMPANY
The Fort Worth Security aud Construction
Company. of Fort Worth. Texas Is an oursrowth
Of and succeeded the Fort Worth t.oan and Con
strnetion Company. December 3ist, $50, which
was The most successful corporation Of its kind IA
the Southwest, having on u capital Of 900 coo
earned t22S 900 net inside of two ycars. II organ
1ed with sioooo capital ia February. IN lss9. In
efeaslng same from earnings alone TO s,0o.0D6 In
April, isg0, and In December, 1890, shows adGl
tiOnal surplus on conservative valuations OF ste5
Ooo 10 Ia TO push this business to gre Hter proper
tion' that this ssooo preferred stock Is now Offer
The phenominsi net earnings of this corporation
shows why conservative investors DEMANDING
snfed dividends are turning from
Hallway 90 industrial Securities.
Its cspitai invested mostly Ia inside improved
property. which Is constantly Increasing IN value.
form n permanent security for / fidelity, and
for controlling the sale the bss, securities In the
state. As iis officers among It's largest stock
hoders iis affairs will receive their undivided at
teniion. II l. not often that investment, bear
ing such high rate VI dividend, couped with
absolute safety Ia offered to the public.
ITS GENERAL BCsI sEsS.
In addition 10 Its construction department IL tran.
sacts general financial business Ii deals la fexas
securities for investors trust fund and Institutions
furnishes Information and makes expert reports
the property OF individuals, railway or other
corporations, and pays taxes for non residents.
Examination and Guarantee of Tfties.
Titles to Texas real estate and mortgages thor
oughly examined and Insured, the charge OF which
will be made known before work is begun.
The option IL reserved to subscribers TO pay In
full on application, or on tie date of any install
msut.
Interest at the rate Of per cent. per annum
will be allowed on such prepayments.
For further particulars address the NER-
CHANTS NATIONAL BANK or THE FOR
wo1Iu SECURITY CONSTRUCTION co.
Fort Worth. Texas janl66ot