The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1904-08-06
Articles of Amendment
To the Charter Of incorporation Of Chicago
Mississippi Land and Lumber Company.

Know all men by these presents that we,
the undersigned being the holders ana own
ers of all and singular the shares OF the capt.
ia stock of Chicago Mississippi Land and
Lumber Company now outstanding, do by
these articles amend the charter OF lncorp0r-
alton of said company, pursuant to Chapter
Twenty-f We of the Code of Mississippi, for the
wear 1892 tas amended, the approval OF the
Governor of the State of Mississippi TO be frst
mad and obtained.
In lien of Article Seven of said Charter,
which. prior 10 the amendment thereof was in
the following language.
"ARTlCLE VII The capital stock of said
tCorporation shall consist OF four thousand
"shares OF the face or par value OF one hundred
"dollars eacn, making the aggregate capita!
"stock the face or par value OF four hundred
| "ttousand dollars
To substitute the following:
"ARTILLE SEVEN.
.tThe CAPITAL stock OF this corporation shall
consist of four Thousand shares of the face or
par value of one hundred dollars each, max
ing the aggregate capital stock the face or par
value of -Four Hundred Thousand Dollars
500 100000. Fifteen hundred of said shares,
aggregatng the face or par value of One Hum
bred and Fifty Thousand Dollars lSlj0000 co.
shall be preferred stock, and the remaining
twenty-five hundred shares, aggregating the
face or par value OF Two Hundred and Fifty
/ Thousand Dollars $50, 10000 shall be COM
mon stock.
The preferred stock Of this Company shall
! he entitled out of surplus net earnings to cum
Native preferential dividends from date OF its
issuance at the rate Of seven per centum per
Annum prior to the payment of any dividends
upon the common stock. The preferred stock
shall not be entitled 10 any dividends in excess
Of said seven per centum. and arrears thereof
The common stock shall not receive divi-
ients for any year unless seven per cent be
fret paid for that year on the preferred stock
I then outstanding together with all arrears OF
dividends at The like rate for previous years
hut 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
ofthe Company or so much thereof rs may not
ne needed in the business OF the company, may
then be distributed as dividends raeably upon
the common stock of this corporation
Upon the liquidation or dissolution or
winding up of this corporation whether vol
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 the 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 leth day
of July, A. D., 1904
jul %, At