New-York tribune., 1901-02-26
STEEL CHARTER FILED.
Continued from first page.

any corporation whose stock bonds or s15iaranteed
sy the company and to do any other acts things
for the preservation, protection 49, bon1s
or other obligations or to do acts or thlnsS 1s
designed for any such PurPosei pc eiber obga
exercise all the rights powers ase any and ali
The business purpose Of me conn eolpf az the acts
and things herein set forth; and IT may c9ndaies
and in foreign countries and may have one ONCE &c
or than oce and keep tns awfsrsey poHSs
except as otherwise may be provided by law and and
personal property either in or out OF the state oi
eRpressy yd declared and provided that the
obligations in payment for propenfy m ma shof
its bus ness: to mortgage pledge any stocks
bonds or other obligations, or any property which
other Obligations by issued incurred to guar
antee any dividends or bonds or contracts or other
obgations to make and perform contracts of any
kind and description; and In carrying on IT'S b9si-
any of its objects. to do any and all other and
and G or any amq m could
and exercise, and which now or hereafter may be
authorized by law.
AUTHORIZED CAPITAL STOCK 5000.
The 01 g q @ capital 3r stock Shares of
the par value of 500 each or such total authorized
capital stock, fifteen shares. amounting sl.5OO.
6 sh be
From time to time, the preferred stock and the
common stock may be increased according to law.
and may be issued in such amounts and proper G
rectors and may be permitted by law.
1he holders of the preferred stock shall be en-
surplus or net profits of the CORPORATION yearly
dividends at the rate Of seven per centum per an
num- and no more, payable quarterly on dates TO
be fixed by the bylaws. The dividends the pre-
payable before any dividend on the common stock
shall be paid or set apart: that II In any year
| nC n
have been paid thereon the deficiency shall be pay
able before dividends shall he paid upon or set
apart for the common stock.
whenever all cumulative dividends on the pre-
declared, and shall have become payable. and
the accrued quarterly instalments for the cur
rent year shall have been declared. and the
company shall have paid such cumulative divi-
dends for previous years and such accrued
quarterly instalments. shall have set aside
from It's surplus or net profits sum sufficient
may declare dividends the common stock. pay
able then or thereafter out of any remaining sur
plus net profits.
In the event Of any liquidation or dissolution or
winding up whether voluntary Involuntary Of
the corporal ton the holders Of the preferred stock
snail be entitled 70 he paid in full both the par
accrued thereon before any amount shall he paid
10 the holders of the common stock: and after
the payment 10 the holders Of the preferred stock
OF Its par value. and the unpaid accrued dividends
thereon. the remaining assets and funds shall he
divided and paid TO the holders Of the common
stock according to their respective shares
Y. The names and postof1Ce addresses Of the IN
Corpcrators, ana the number of shares OF stock
for which severally and respectively we 10 hereby
subscribe Uhe aggregate of said subscriptions
being 5000, Is the amount Of capital stock with
are as follows:
sbaras