Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1901-02-26

tlon ana ~ carving. on its business for
me pnlnoNt ~ 'utalling or furtherinc
any - u" nh1'c'A To d" any and al, other
acts ANA things ANA Ia cxerciso I'M, .,n.
All of the powers which a ro-n,rtncrehi
or natural person could do and exercise
and which E0W, or hereafter NAV h an
thoiiZtd by law.
j.-Thr total authorized r,,,itaI ..turIx nj
the corporation is 500, divided III ,hir,v
shares ut tn" par value Of S1nn o-,,h of
SuCn total au'hofi2cd capital stock fifteen
shares amounting To $lJ0o shall hc prc-
icrlcd "l9rH nil" llteen shares amountin,
to xl:dh %hall u: common stock
From time to time the urofarrcd s.,cL
may be increased. according to law. ana
may BE- issued IN such amounts and prn-
port IONS as shall be dcICrmincJ IL tnc
board ot directors. and as may he nnr
mittcd by law. The holders nt tho ,rc-
fcrrcd stock shall he entitled to receive
when and as declared from tho ;urpIus
or net pr"ilis Of the corpora ton year,.
dividends at me rate of seven per cent
per- annum ana 40 more payahic ruartcr-
lN ON dates to be fixed hy tho nvIINs
Tho dividends ON the preferred stock
shall h" cu'nlIlaiiNc, and shall b. payable
before any dividend on the common stock
shall re raid or set apart: 80 Ilat If IN
any year dividends Amounting "a seven
per cent. shall not have been paid there
on tho dchcithcy shall he payable before
any dividend shall be paid upon or SGT
apart from the common stock
Whenever all cumulative djvidrnds an,
the preferred stock for all previous wears
shall have been declared ana shall have
become payable and the accrued otlar-
terly installm"ntS for the current year
shall haV" bCcnc declared and the com
pany shall have paid such cuu1ulativa
dividends of tn" previous years and such
accrued Pdar'snI! lnstallments as shall
have set aside from its surplus or net
profits a sum sufficient for The payment
thereof the board Of directors NAV d.
ciarc diVId"ndS on tho common stock
Al
manning surplus or net profits.
In the event of any litigation or diSSo-
lntinu or winding w twhethcr voluntary
or involrntartp of The corporation. tho
holders of the preferred stock Shall b.,
entitled 70 be paid in fun roth the par
amount of their shares and the unpaid
dividends accrued thereon before any
amount shall he paid to holders of the
common stock after the payment to tho
holders Of the preferred stock Of its par
vain" ana III" unpaid accrued dividend
thereon the remaining assets ana funds
shall DE divided ana paid to the holders
of tho common stock according to their
respective shares.
The names and post Office addresses
OF the irCorpordtorS and the number Of
shares OF stocks for which scverally and
rcspcr lively we do hereby subscribe Uhc
aggregate If our said subscriptions being
three Thousand dollars is the amOGnt oi
capital stock with which the corporate
will commence bu@inesS) are as follows:
Charles c. Ctuif. II Newark street Ho-
hok"n. y. j.. number shares. preferred
five. common. i've: William j. curtis, u
Newark street UohokCn. y. j.. number
If shares preferred. five; common. five
Charles MarNcag h. ~ Newark street. 10
hoken. y. j.. number shares. preferred,
five: common. i've.
Celebration ~ Inc corporation shall b,
perpetual.
In witness whereof We have hercunto
st out hands ana seals the 2%rd day 81
cbruary. 1891.
tSicuc,l