The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-01
SPECIAL STOCKHOLDERS MEETING

meeting Of AfhseS the siocFho1ders Sf e Of p' the
Keith o. Brien company, corporation;
company, at its place of business. State
street and Broadway, Salt Lake City.
Utah. on Tuesday. the 26th day, OF
August 1913. at the hour of three
Said meeting will be had and held
for the purpose Of considering the adj
visibility of amending the articles of
to amend the said articles Of incorpora-
tion in the following respects:
To amend Article VI of said articles
OF incorporation. so as to read as fol-
Article VI. The amount of the capi-
tai stock OF this company shall be $780,
10000. divided into $500 shares of the
face or par value Of 500 90 each. The
said capital stock shall consist OF three
, classes as follows 1900 shares thereof
shall be known and designated as Class
as Glass B preferred stock. and $500
shares thereof as common stock
The holders of Glass A preferred stock
shall be entitled TO receive. when and
earnings Of the corporation. yearly divi-
dends at the rate OF per cent per
annum. payable semi-annually. on the
dates 10 be fixed by the bylaws. or by
The dividends on Class preferred
stock shall be cumulative and shall be
payable before any dividends on Glass
B preferred stock. or the common stock.
shall be paid or set apart. so that. If,
for any year, dividends amounting to
per cent shall not have been paid there
on, the deficiency shall be payable be-
fore any dividends shall be paid upon.
or set apart, on the Glass preferred
or the common stock
Whenever cumulative dividends on the
Glass a preferred stock for all previous
years shall have been declared and shall
have become payable and the accrued
semi annual installments for the current
year shall have been declared and the
cumulative dividends for previous years.
and such accrued semi-annual Install
ment upon Class A preferred stock. and
shall have set aside from its surplus or
net profits sum sufficient for the pay
ment thereof, the holders OF Glass pre-
ferred stock shall be entitled to receive.
ing surplus or net profits Of the cor
poretion. after the payment OF the cumu-
lative dividends and the accrued semi
annual installment upon Class A pre-
dends at the rate Of 6 per cent per an
mum, and no more, payable semi annual
The dividends on the Class B preferred
stock shall also be cumulative and shall
be payable before any dividends on the
common stock shall be paid or set apart,
so that. II. for any year, dividends
been paid on said Class B preferred
stock. the deficiency shall be payable
before any dividends shall be paid up
on or set apart for the common stock
Whenever all cumulative dividends on
the preferred stock, both Glass and
Glass B, for all previous years, shall
have been declared, and shall have be-
annual lnstallments for all the preferred
stock for the current years shall have
been declared. and the company shall
have paid such cumulative dividends for
flro lone hnth pla Of
ferred stock, in the order aforesaid. and
also such semi-annual installments
thereon. as aforesaid, or shall have set
aside from its surplus or net profits a
sum sufficient for the payment thereof,
as aforesaid. the board OF directors may
declare dividends out OF the net profits
and earnings OF said corporation, pay
able at such time as may be by reso-
luton of the board of directors provided,
to the holders OF Glass A preferred stock
and common stock Of the company,
ferred stock shall share equally with the
common stock in the distribution of any
such dividends
In case of any liquidation. dissolution,
or winding up whether voluntary or in
voluntary. after the payment 10 the hold
ers OF Class A preferred stock shall be
paid the par amount of such preferred
shares, together with accumulated divi-
dends thereon. before any amount shall
be payable to the holders OF Glass 3
preferred stock or common stock, and
snail llReWlSe De PAID SQcn par amount
OF such preferred shares before the pay
ment Of any Indebtedness of the COM
pany. created or contra cted subsequent
to the issuance OF such Class pre-
ferred stock
In case Of any liquidation. dissolution.
or winding up. whether voluntary or In
voluntary, after tn payment to the hold
ers Of Class A preferred stock, at the
par amount Of such preferred shares. to-
gether with accumulated dividends there
on, as above provided, the holders of
Class B preferred stock shall be paid
the par amount OF such Glass pre-
ferred shares. together with accumula ted
dividends thereon, prior to the dstribu-
the corporation among the holders OF
the common stock,
Glass A preferred stock, and the pres