The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-04-07

CERrIFIcATE OF OF Preferred
STOCK AND DECREASE OF COMMON STOCK
AcREr & wMHELas LIrHoGRAPHING
THIS is TO CERTIFY as RolLows:-
/ At a meeting of the Board of Directors Of tho
called for that purpose and held at the eompanyts
oniee in Jsrseg, City on gsbras a. n iSgs, t rssoe
lutions were unanimously stopted:- ..,,
O6 Sl assot be ino raas IL fso sae It's resent snGG amountsof
95GU0l to the amount Of SlU4.00 by an Issue OF
OF SIS each, such new preferred stock 10 be known
as Glass B; the present outstanding preferred stock
TO be Known as Class 4; such new preferred stock
known as Class B 70 poses the same terms:
as the existing pTeferrsd stock. eS x
S,ept I at the dividends thereof aye to DC
rurtiier that the COMPANY Is 10 nave me option 20
esiirat.on Of ten year. from toe GATE Of the issue
thereof. at par together with alt diTilends acs:
5 per cent n peFr annara: ana that it is TO have the
further option OF reles ming the same in whole or
OF the issue thereof. at 10,, together with all divt-
dends accrued and unpaid thereon. at and after the
rate of s per cent. per annum.
tb) Resolved. That the common stockof this com
G "a y P 5ed de Srepossa fT sm, dts Rr e. siy snSu g. q ths s'S De-
crease and Calling IN and caneellaton OF 10Y
.e) Resolved, further. that henceforth the capital
stock OF this company shall be OF the par value Of
INTO 200 shares of preferred stock, Glass a.
s546a; 2le0 shares of preferred stock, Class B,
ID Resolved. Further, That Robert l.. Sackert, the
president OF this company. and CHARLES Wilhe Inns,
other papers and documents necessary TO make Ell
lectiye such increase OF preferred stock and de
crease Of common stuck, as aforesaid
? At a Special meeting OF the stockholders OF the
g gRs ccmps ANY, e onaee IN no' jersey 5eas p9cs ely, new 1 Jersey,
on February 10Th, 1926. Lhere being present at such
log more than twoihIrds # each Of the cassesf
stoek OF said company, resolutions identical WITH
the foregoing were Gully and n~nsnfmou5ly passed.
8 Since the date Of the meetings. aforesaid the
a essen IS in Ian writing nag oevs ei fsa g. obtained 5na tS,qos Of & s E9Sse
q each Of the classes Ct the existing capital stock
a~ssentipg 70 the carrying out OF the Resolutions
afore5aid and q the increase OF the preferred
decrease q the common stock IN the sum OF s4A0.
maxine the capital stock of the company ,heac-
Class $4,000; preferred stock. Glass B. $4,000;
and eoniIn9n ssoek, SSsS,eoe =. c,.ss enc
Ciass 5. is eptided toreceive a iyed dividend ST
stIPs sE ss q RE ses sngsn Before as s any aisiaen q sh sss
be sss apart or..nsIl % the general ssock, and such
Iftie d 20 be paid out in full upon a dissclDtien Of
tie company in prefe:eRce GO the eomlnos stock,
tive, so that IL FOR aay period Or perTc6s the ssrie
cannot be safely psid or May not He paid. The right
STOCK ana all arrears thsrgof shall be paid before
dividends can be commenced or resumed on the
6. Inc dividends On Class B are to be limited to 5
4 If, after paving like dis.depds of 8 per cent on
the common stock, any fuethsr dividends snail be
declared out OF the surplus prontS, the same shaIi
be divided pro rata Between TIE common stock
and Glass A. Of the gre7eryed ssccE. so that the
rate OF dividend on the coa1msn stock and on Glass
of the Preferred stock saaii be the same.
in Witness whereof. sas Sackett and .wilhelms
Iithoe:aphfng Gem psyy, has this 2Tth day OF
MaFe6. 1885. caused this tasteunen6 to be executed
By ifs pyesid mt aud secretary, and its seal to be
affixed befets. amt it has further caused this in
strnrieotto be signed by its directors. and sworn
10 aud acknowledged by che president, secretary
and treasurer and a majority of the Directors
I. SMITH.
cHAs. ROBINSON ssiIfB.
Director.
Director.
l.s l.. SACKETT.
Director and President.
C.
Director and Secretary and Treasurer.
Signed, sealed and delivered
in presencs Of