Arizona republican., 1912-03-09

l Dollars are to be common stock and said common stock shall be divided into four groups of four hundred thousand '4OOOOO shares each, and shall be desiSnated and known respectively as 1 Series B. Series C." Series D" and Series E."
 The rights, privileges and condi- tons following shall be attached to the respective classes. groups and | series Of shares of stock aforesaid. | that is 10 say: the said Preferred stock of Series A" and the holders thereof shall have no voting power and privileges, but the Common Stock | of Series E" and the holders there | of shall have all the voting power and privilege until otherwise deter mined as hereinafter provided. All of the said Preferred shares issued shall be entitled to q fixed cumulative preferential dividend at the rate of eight tS per cenD per cent per annum on the par value thereof. to be computed from the date of issue thereof. If in any year dividends amounting to eight (S per
 
 be paid on the said issued Preferred Stock, the deficiency shall be q charge against the net profits of the cor poration. and be payable. but with out interest before any dividends shall be paid or set apart for the Common Stock. The said Preferred Stock shall not be entitled to any other profits of the corporation in excess of the said eight (S per cenD per cent per annum
 After the payment of said cumu- lativc dividend at the rate of eight i tS per cenD per cent per annum upon said Preferred Stock. all other | profits and surplus funds of the cor | poration shall belong to and may be l paid as dividends upon the issued l Common Stock, share and share alike | In event of the liquidation or disso- 1 lution of the corporation, the surplus ! assets and funds thereof shall be ap- piled in the first place to rcpaying 1 to the holders of the aforesaid issued 1 preferred stock, the full amount of | the par value thereof and accrued 1 dividends. if any. charged and un- paid, before any amount shall be | paid upon the Common Stock: and !! said Preferred Stock shall have no | further right, title or interest in and | to the assets and funds of said cor l poration or any part thereof. After 1 such payment in full to the holders ! of said Cumulative Preferred Stock, i the surplus assets and funds of the | shall belong to and be di- 1 Inc Nn1 gF ell Inc. Common or general shares of said | stock then issued, of all or any of the series in proportion to the num- Der of shares held by each stock holder
 This corporation, at any time after two years from the date of the is- suance of any of the said Preferred | Stock, shall have the right. at its option. to call in. cancel and return the whole or any portion of the said Preferred Stock by paying therefor sixty tS0.60) cents per share and ac- crued and unpaid dividends thereon. if any charged.
 ARTICLE V
 The affairs of this corporation shall be conducted by a Board of Directors and such officers as said Board may elect and appoint. The Board of Directors shall consist of not less than three (3) nor more than nine (s) directors. each of whom shall be | stockholder. Any director ceasing -O be StOckhOlder, thereupon i'm nediately ceases tO be director 1 The number of directors shall be de- ermined by the stockholders holding the voting Common Stock, and shall 1e elected from among the stock holders by the stockholders holding he said voting Common Stock at he annual meeting of stockholders which shall be held on the second Monday in January or each year. n the manner provided in the By avs or as may be determined at uch meetings
 ARTICLE VIII.
 The right is hereby reserved to Ee voting Common Stock and the lolders thereof to amend these Ar icles of Incorporation by d majority ote of said voting Common Stock ,. t any legally held stockholders meeting. and it is expressly provided iu d6it'u tlldl III Abt cN cHl iIlt = apital stock of this corporation shall ereafter be increased, any part of aid increased capital stock may be reated, designated and made Cumu- itive Preferred Stock to the same Xtent as the Preferred Stock men, toned in Article III hereof q IN WITNESS WHEREOF, this lstrument is executed by the presi- ent and secretary of said corporation :. nd it's seal hereto affixed. this the U fifth day of March, A. D. 1912 ARIZONA HOME BUILDING co. d
 By CHARLES BOWMAN
 President