Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-02-26
STATES STEEL
Corporation Is THE
NAME Of GREAT COMBINE.
or hereafter may be authorized

OIL Iu0 COIpOidIAOA ID YosS0Ss
into thirty shares of the par value oI
$100 each. OF such total authorized
capital stock fifteen shares amounting
to 81, 500 shall be preferred and fifteen
shares amounting to $500 sha be
common stock.
From time to time the preferred
stock and common stock may be IN
creased. according to law and may be
issued in such amounts and as may be
permitted by law.
."The holders of the preferred stock
shall be entitled to receive when and
as it declared FROM the surplus of the
net profits OF the corporation yearly
dividends at the rate OF Z per centum
per annum and no more, payable quar-
terly on dates to be fixed by the by
laws. The dividends on the preferred
stock shall be cumulative and shall
be payable before any dividend on the
common stock shall be paid or SO
apart; so that if in any year dividends
amounting to seven per cent. shall not
have been paid thereon, the deficiency
shall be payable before any dividend
shall be paid upon or set apart for the
common stock.
Whenever all cumulative dividends
on the preferred stock for all previous
years shall have been declared n
shall have become payable, and the &C
crued quarterly installments for the
current year shall have been declared
and the company shall have paid such
cumulative dividends for previous
years and such accrued quarterly in
stalments, or shall have set aside
from it's surplus or net profits a sum
sufficient for the payment thereof the
board of directors may declare dlvi-
dends on the common stock, payable
then or thereafter out of any remain
ing surplus or net profits
I'm the event of any litiation or dis
solution or winding up ~Vwhether vol
untary or Involuntary or the corpo-
ration, the holders of the preferred
stock shall be entitled to e paid in
full both the par amount of their
shares and the unpaid dividends &C
crued thereon before any amount shall
be paid to holders of the common
stock; after the payment to the hold
ers of the preferred stock of its par
value and the unpaid accrued divI-
dends thereon the remaining assets
and funds shall be divided and paid
to the holders of the common stock
according to their respective shares.
"The names and the p~ostoffice adj
dresses o. the incorporators and the
number of shares of stock for which
severally and respectively we do here
by subscribe (the aggregate of our
said subscriptions being $4,000 is the
amount of capital stock with which
Inc corporation will commence bust
ness) is as follows:
Charles C. Cuff, 81 Newark street,
Hoboken, N j., number shares, pre-
ferred five, common five.
William j. Curtis, 81 Newark street,
Hoboken, N. j., number shares, pre-
ferred five, common fiWbe.
Charles MacVeigh, 81 Newark street.
Hooken, N. j., number shares, pre-
ferred five, common five.
Duration of the corporation shall
be perpetual.
THE number of directors of the
company shall Gbe fixed from time 20
time by the bylaws, but the number. if
fixed at more than three, shall be some
multiple OF Tnree.
The directors shall be classified
with respect to the time for which
they shall severally hold Office by di-
viding them into three classes, each
consisting of one third of the whole
m of the board of directors.
THE directors Of the first class shall
be elected for a term of one year. The
dinootAr- Af +IN 100 - "
years and the directors of the third
class for a term of three years, and at
each annual election the successors to
the class of directors whose terms
shall expire in that year shall be
elected to hold office for the term OF
three years, SO that the term of Of
flee of n class of directors shall ex-
pire in each year.
THE number of directors may be
increased as may be provided in the
bylaws. In case of any increase of
the number of directors the additional
directors shall be elected as may De
provided in the bylaws by the direc-
tors or by the stockholders at an an
nual or special meeting, and one-
third of their number shall be elect
Su Oh the IHeH |uHeApfIeu portion OF
the term of the directors of the first
class, one-third of their number Of the
~unexpired portion of the term of the
directors of the second class. and one
third of their number of the unexpir-
ed portion Of the term of the direc-
tors of the third class. so that each
class of directors shall be increased
equally.
In case of any vacancy in any
class of directors through death. Tesig-
nation, Disqualification or other cause,
the remaining directors by affirmative
vote Of a majority of the board of di-
rectors may elect a successor TO hold
Office for the ~unexpired term OF the
directors whose places shall be vacant
and until the election Of a successor.
The board Of directors shall have
power to hold their meetings outside
of the State Of New Jersey at such
places as from time to time may be
designated by the bylaws or by reso-
luton of the board. The bylaws may
prescribe the number Of directors nee
essary to constitute a quorum OF the
board of directors which number may
be less than a majority OF the whole