The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-15

shall be entitled TO receive, when and
as Geclared from the surplus or net
earnings Of the corporation. yearly divi-
dends at the rate OF 8 per cent per
annum, payable semi-annualiy. on the
Gates 10 be fixed by tho bylaws. or by
re5oIuton Of the board OF directors.
Inc dividends on Glass preferred
stock shall DC cumulative and shall be
payable before any dividends On Class
preferred stock, or the common stock.
Snaii be paid or set apart, so that, II,
Tor any year, dividends amounting to
per cent snail not have been paid there
on. tne deficiency shall be payable be-
lore any dividends shall be paid upon.
or Get apart, on the Glass 2 preferred
or the common stock.
whenever cumulative dividends on the
Class preferred stock for all previous
years shall have been declared and shall
nave become payable and the accrued
ein-ahnnal yea4 ann lnstallments for the current
company shall have paid such declared
cumulative dividends FOR previous years,
ana such accrued semi annual INSTALL
ment upon Class A 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 Glass 3 pre-
wnen and as declared from the remain
ing surplus or net profits OF the cor
Porat!on. after the payment of the cumu-
iauve dividends and the accrued semi
ierred stock. as aforesaid. yearly divt-
dends at the rate OF per cent per an
nuhl' and no more. payable semt-annual-
The dividends on the Class preferred
STOCK shall also be cumulative and shall
De PAYABLE before any dividends on the
SO that, H.. for any year. dividends
amounting to per cent shall not have
stoab sss1 Paid ss Gn,sa on said Class preferred
before any dividends shall be paid up
on or set apart for the common stock
-, whenever all cumulative dividends on
Class 3. for all previous years. shall
have been declared and shall have be-
come payable. and the accrued semi-
annual instaiments for all the preferred
oeen declared, and the company shall
have, paid such cumulative dividends for
ferred stock. in the order Aforesaid. and
also such semi-annua1 installments
| thereon, as aforesaid, or shall have set
aside from its surplus or net profits
| 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
luton OF the board Of directors % W pTovideS % idsS
20 the holders OF Class A preferred stock
and 1S,,Ssi common nor, 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
shares. together with accumulated divi-
denos thereon, before any amount shall
be payable TO the holders OF Class 3
preferred stock. or common stock and
SHAH likewise be paid such par amount
OF such preferred shares before the paw
ment OF any Indebtedness Of the COM
pany, created or contracted Subsequent
to the issuance Of such Glass A pre-
ferTed stock
In case of any liquidation. dissolution,
or winding up whether voluntary or in
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
the par amount OF such Class pre-
ferred shares, together with accumulate ted
dividends thereon, prior 10 the distrIbu-
ton OF any Of the assets or funds OF
the corporation among the holders OF
the common stock
Glass A preferred stock, and the pres
shall be known hereafter as Class 3.
preferred stock, shall have no right TO
vote at, or participate In, the proceed
| !ngs OF any meeting of the stockholders
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
| the election OF directors and for tbs
! transaction OF all other business Of the
| company"
| And also, II the said articles shall be
amended ir the foregoing. particulars TO
authorize and direct the board OF direc-
| tors OF said company TO cause the nee
essary documents ev.dencing such
amendment TO be filed with the proper
county and state officials OF the state
of Utah.
Said meeting will also be had and held
for the purpoEe OF transa ct.ng such oth-
er business as shall lawfully come before
IT.
This meeting is called pursuant 70 a
resolution Of the board of directors or
Keith-O' Brien company.
JENNIE B. MORGAN.
Secretary.