The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-16
SPECIAL STOCKHOLDERS MEETING.

SPECIAL STOCKHOLDERS MEETING.
Notice is hereby given that a special
meeting Of the stockholders OF the
seith-O Brien company, a corporation
Will be had and held at the office of said
company. at it's place of business. State
greet Ttes and =, Broadway, Salt Lake City,
August, 1913. al the @ hour our OF three
o'clock p. m. Of said day.
said meeting will be had and held
for the purpose OF considering the ad-
Visibility of amending the articles of
Incorporation and. II deemed advisable.
10 amend the said articles of incorpora-
uon In the following respects:
To amend Article VI OF said articles
Lows:
Article VI The amount of tho capt.
, 10000, divided into $500 shares Of tho
lafGe or par value Of $4,000 each. The
SAC ca. .os capital stock shall consist Of three
classes AS follows: $500 shares thereo;
shali be known and designated as Class
preferred stock; $500 shares thereof
as Class 3 preferred stock. and 25oO
shaTes thereof common stock.
| The holders OF Glass a preferred stock
snail be entitled 10 receive, when and
as as declared from The surplus or net
aeEds at the rate OF per cent per
annum. payable semi-a annually on the
| dates 10 be fixed by the bylaws. or by
otJOD oi l1e Dpar0 OF directors.
The dividends on Class preferred
STOCK shall be cumulative and shall be
PAYABLE before any dividends on Class
= preferred stock OF the common stock,
| snau De paid or set apart, so that. H.
Tor any year, dividends amounting to 8
per cent shall not have been paid there
on. the deficiency shall be payable be-
fore any dividends shall be paid upon.
OF get apart, on the Class 3 preferred
or the common stock.
whenever cumulative dividends on the
/ 4 nf0-Y- IL
years shall have been declared and shall
! nave become payable and the accrued
semi semi annual installments for the current
company shall have paid such declared
CUMULATIVE dividends for previous years
ana such accrued semi annual INSTALL
Inent nna upon Class = preferred stock. and
shall have set aside from It's surplus or
net profits a sum sufficient for the pay
rnent thereof, the holders OF Class pre-
Ierred stock shall be entitled to receive.
Wbeh and as declared from the remain
ing surplus or net profits of the cor
poration, after the payment Of the cumu-
latlye dividends and the accrued SEMI
annual installment upon Class A pre-
t,erred stock as aforesaid. yearly divi-
dends at the rate OF per cent per an
num- and no more. payable semi-annual-
| The dividends on the Class preferred
stock shall also be cumulative and shall
be payable before any dividends on the
common co mon stock shall be paid or set apart:
|
amounting to per cent shall not have
oeen paid on said Glass B preferred
stock. the deficiency shall be payable
on or set apart for the common stock
-, whenever all cumulative dividends on
me preferred stock. both Glass A and
nave been declared, and shall have be-
come payable, and the accrued semi
annual installments for all the preferred
been {ss rG b years shall
! have paid such cumula tive dividends for
| previous years upon both classes OF pre-
ierred stock, In the order aforesaid. and
also such semi-annual installments
thereon. as aforesaid. or shall have set
aside from Its surplus OF net profits a
sum sufficient for the payment thereof
| 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.
10 the holders Of Class A preferred stock
and common stock of the company,
equally; that IS to say. Glass A pre-
| 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 TO 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 Class b
! preferred stock. or common stock and
| shall likewise be paid such par amount
| Of such preferred shares before the pay
| ment OF any Indebtedness of the COM
pany created or contracted 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 III 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 pa. amount OF such Class B pre-
ferred shares, together with accumulated
dividends thereon, prior TO the distribu-
ton OF any Of the assets or funds OF
the corporation among the holders OF
| the common stock.
ent outstanding preferred stock. which
shall be known hereafter as Glass b.
preferred stock. shall have no right to
vote at. or participate in, the proceed
ings of any meeting OF the stockholders
of the company. either general or spe-
cial but the holders and owners OF the
common stock OF the company shall have
the sole right TO participate In any such
stockholders meeting, either general or
special and vote the shares OF the com
mon capital stock Of the company, for
transaction of all other business OF the
company.
And also, IL the said articles shall be
amended In the foregoing particulars. TO
authorize and direct the board OF direc-
tors OF said company 10 cause the nee
essary documents evidencing such
amendment to be filed with the proper