Arizona republican., 1912-02-18

nna Trust Company, u corporation or
Sanized under the laws of Arizona.
on the nth day of April. 1911. held
At the office Of the corporation on
the 10th day Of Febrlary. 1912, At
which all of the issued stock of the
corporation entitled to vote was re-
presented, resolution was duly pass
Cd and adopted by the unanimous
vote Of all of the said stock. chang
ing and amending the Articles of In
corporation Of said corporation. 50
that Article III and Article VI %
said Articles Of Incorporation shall
read as follows:
ARTICLE III
The amount OF the capital stock
authorized of this corporation shall
lie one Million. Five Hundred Thous-
and t$1.500.0g0) Dollars. which shall
he divided into fifteen thousand
G5.0GO) shares of the par value of
one Hundred (Sl00.0O Dollars each:
and the same shall be fully paid in
when issued, either in cash or by the
sale ana transfer TO the corporation
of real or personal property. or bv
services rendered. in payment for
which shares Of the capital stock Of
this corporation may be issued and
the judgment of the Board of Direct
0rS as To the value of such property
services or rights So acquired shall
he conclusive: and all Of said stock
when 80 issued shall be fully paid and
forever -assessable. said capital
stock shall be paid in and shall BE
issued AT such times and upon such
conditions as the Board OF Directors
shall determine and direct
OF said capital stock. thirteen
thousand G3.0o0) shares. amounting
NJ par 10 one Million Three Hundred
Thousand Gl. 800 100000 Dollars shall
ne preferred stock. and two thousand
t2.O0o) shares amounting at par to
Two Hundred Thousand (S2o0.000.0O
Dollars. shall be common stock.
The rights privileges and condi-
lions following. shall be attached n
tie respective classes of shares Of
stock aforesaid, that is to say:
FIRST: The preferred stock. AMI
the holders thereof. shall have no
voting power or privilege. hut Jhe
common stock and tho holders there
of shall have all the voting power
and privilege.
SECOND: Three Thousand $4,000
shares of said preferred shares -
issued shall carry a fixed cumulative
preferential dividend at the rate nf
eight 80 per cent per anaum on the
par value thereof. To be computed
from the date of issue thereof. II
in any year dividends amounting To.
eight CS) per cent per annum shall
not be paid on said preferred stock,
the deficiency shall he a charge
against the net profits OF the corpora
tion. and be payable but without in
terest before any dividends shall be
paid or set apart for the common
stock
Ten Thousand Go.o00) shares #
said preferred shares SO issued shall
carry a fixed cumulative preferential
dividend at the rate of six 90 per
cent per amman on the par value
thereof. 10 be computed frlm the
date of issue thereof II any year
dividends amounting To six 90 per
cent per annum shall not be paid IN
said preferred stock. the deficiency
shall be charge on the net profits
Of the corporation and be payable. bur
without interest, before any dividends
shall be paid or set apart for the
common stock.
In the payment Of The cumulative
dividends upon the said preferred
stock no privilege or preference shall
attach to either the said eight 81
per cent or tht said six 60 per cent,
the one over the other, but each share
Of not a ar on
titled TO eight 90 per cent or six 90
per cent dividend. shall be entitled
10 participate in the profits applied
TO dividends pro rata to the extent
Of the rate Of dividend attached to
the respective shares.
THIRD: After the payment of said
cumulative dividends. at the rates de-
signated. TO the holders Of the pre-
ferred stock, cumulative dividends at
the rate of six 90 per cent per an
nun on the par value thereof, may
he distributed and paid TO the hold
ers OF the common stock, as and
when the Board Of Directors shall in
their discretion determine.
FOURTH: After the payment Of
said cumulative dividends at the rate
IL SIX ~ per GENT per dliALlll ~ lll'
holders of said common stock. and at the
rates specified for said preferred stock,
all additional dividends shall he pay.
able to all of the issued stock, pre-
ferred and common, share and shd re
alike
FIFTH: The corporation, at its OPP
ton. shall have the right to call -,
redeem, cancel and retire any part
Of the said preferred stock. bearing
the eight (S) per cent cumulative di-
vidend. at any time after three years
from the date of its issue, by pay
ing therefor the full par value thereof.
and the dividends, if any. accrued
thereon. The said corporation shall
have the further right at any time
To redeem, cancel and retire any part
of any Of the said preferred stock by
mutual agreement between the owner
thereof and the Board of Directors,
by paying therefor any sum not ev-
ceeding the par value of sand stock
and accuIed dividends
ARTICLE VI
The highest amount of Indebtedness
10 which this corporation is at any
time TO subject itself, or to be sub
ject at any one time shall not ex-
coed the sim of Five Hundred Thous-
and (s500, 100000 Dollars. exclusive of
property. deposits and funds received