The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1904-08-13
Articles of Amendment
To the Charter Of Incorporation Of Chicago
Mississippi Land and Lumber Company,

Know all men by these pre- ents that we,
the undersigned being the holders ana own
ers of all and singular the shares OF the capl-
ia stock of Chicago MISSISSIPPI Lana ana
Iumber Company now outstanding, 40 by
these articles amend the charter OF lncorpor-
alton of said company, pursuant 10 Cnapter
Twenty five of tn Code of Mississippi, LOT tne
wear 1882 (as amended, the approval OF me
Governor oil tne State OF Mlsslselppi W 'e ia ''
had aud obtained
in lieu of Article Seven of said Charter,
which. prior to the amendment thereof was / n
the following language: .
w ARTICLE VII The capital stock of said
Corporation shall consist of four Thousand
'.shares OF the face or par value of one hundred
"dollars each, making the aggregate capita
astock the face or par value OF tour hundred
"ttousand dollars
| To substitute the following:
"ARTICLE SEVEN.
"The capital stock of this corporation snail
| consist of four thousand shares OF the face or
mar value of one hundred dollars each, max
| ing the aggregate capital stock the lace or par
value of -Four Hundred Thousand Dollars
| S4O0OOO00). Fifteen hundred of said shares,
| aupregating the face or par value OF One Hun
| dred and Fifty Thousand Dollars l$l50000 00I
| shall be preferred stock, and the remaining
| TWENTY-FIVE hundred shares, aEgregatlng the
| face or par value OF Two Hundred and FIFTY
! Thousand Dollars lN23O, ooo'ooI sh''ll oe COM
."rhe preferred stock OF this Company shall
| he entitled out of surplus net earnings to cum
! Native preferential dividends from date OF lts
! issuance at the rate of seven per centum per
| anuum prior to the payment OF any dividends
! upon the common stock. The preferred stock
! shall not be entitled to any dividends in excess
! af said seven per centum, and arrears thereof
"The common stock shall not receive dtyi-
! ,ien0s for any year unless seven per cent be
! first paid for that year ON the preferred stock
| then outstanding. together with all arrears OF
| dividends at the like rate for previous years
! but when seven per cent is paid for any year
| upon the preferred stock then outstanding, to
| gether with all arrears of like dividends for
| previous years, the residue of the net earnings
| of the Company so much thereof rs may not
| he needed In the businesS of the company, may
| then be distributed as dividends rateably upon
| the common stock of this corporation
Upon the liquidation or dissolution or
winding up of this corporation whether vol
untary or involuntary the preferred stock
shall be entitled TO receive, out of the assets
of this Company, in money orin moneys worth,
the face or par value of such preferred stock
and all arrears of dividends thereon and no
more. Thereafter the residue of the funds and
assets of this company shall be divided equally
among shares of the common stock of this Com
pany. The common stock shall be subordi-
nate TO the rights of Tie preferred stock ex-
cept that each share of common stock shall
have equal voting power with each share of
preferred stock
In witness whereof we, the undersigned be
ing the holders of all the capital stock of said
Chicago Mississippi Land and Lumber
Company now outstanding have caused the
foregoing amendment to be spread OF record
upon the records of said corporation, and have
hereunto subscribed our names this 1eth day
of July, A. D., 1904
| jul %, Al