The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1904-08-20
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 Land and
Lumber Company now outstanding, do by
these articles amend the charter OF incorpOr-
alton of said company pursuant to Chapter
Twenty-Five of th9 Code of Mississippi. tor the
wear 1892 (as amended), the approval of he
Governor of the State of Mississippi to be first
had and obtained
which, prior to the amendment thereof was n
the following language:
"ARTlCLE VII The capital stock of said
"Corporaton shall consist of four thousand
''shares of the face or par value of one hundred
"dollars each, making the aggregate capita
stock the face or par value of four hundred
"tk ousand dollars"
To substitute the following:
"ARTICLE SEVEN.
"The capital stock of this corporation shall
consist of four thousand shares of the lace or
par value of one hundred dollars each, max
ing the aggregate capital stock the lace or par
value of -Four Hundred Thousand Dollars
(S4OOO00.0W. Fifteen hundred of said shares,
aggreeating the face or par value of One Hun
dred and Fifty thousand Dollars lSl5O,OOO 90
shall be preferred stock, and the remaining
TWENTY-FIVE hundred shares, a2gregating the
face or par value of Two Hundred and Fifty
Thousand Dollars tS250, 10000 shall be COM
mon stock
sThe preferred stock of thus Company shall
be entitled out of surplus mel earnings to cum
ulRIlNe pTtlCTellllhl hlNlutnus llOlD uuIe vi us
issuance at the rate of seven per centum per
annum prior to tile payment OF any dividends
upon the common stock, The preferred stock
shall not be entitled to any dividends in excess
of said seven per centum, and arrears thereof
1.-THE common stock shall not receive divi-
demos 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 or SO much thereof as may not
be needed in the business of the company, may
then be distributed as dividends raIeably 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 10 receive, out of the assets
of this Company. in money or in 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 %, Al