The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-30
SPECIAL STOCKHOLDERS MEETING


- Notice 2! is hereby given that special
keith-O' Brien company a 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 ad-
Instability OF amending the articles Of
Incorporation, and, If deemed advisable,
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 Arb; VI The amount Of the saPl-
10000. divided into $500 shares Of the
said capital stock shall consist of three
classes follows: $500 shares thereof
shall be known and designated as Class
preferred stock; $500 shares thereof
shares thereof as common stock.
The holders of Glass A preferred stock
shall be entitled TO receive. when and
as declared from the surplus or net
dends at the rate OF per cent per
annum, payable semi-a nnually. on the
dates to be fixed by the bylaws or by
resolution of the board OF directors.
The dividends on Class A preferred
stock shall be cumulative and shall be
payable before any dividends on Class
B preferred stock. or the common stock,
shall be paid or set apart, so that, II.
for 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,
or set apart on the Class 3 preferred
or the common stock.
Whenever cumula tive dividends on the
Class a preferred stock for all previous
have become payable and the accrued
semi annual installments for the current
year shall have been declared and the
company shall have paid such declared
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 a sum sufficient for the pay
ment thereof, the holders Of Class pre-
ferred stock shall be entitled to receive,
when and as declared from the remain
Ing surplus or net profits OF the cor
poration, after the payment OF the cumu-
lative dividends and the accrued semi
annual installment upon Glass pre-
ferred stock. as aforesaid, yearly divi-
dends at the rate OF per cent per an
mum, and no more, payable semi-annual-
ly.
The dividends on the Glass 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 If, for any year, dividends
amounting to per cent shall not have
been paid on said Glass B preferred
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 A and
have been declared. and shall have be-
come payable, and the accrued semi
annual installments for all the preferred
stock for the current, years shall have
hna IaplD rcd md tha nG
have paid such cumulativ dividends for
previous years upon both classes of pre-
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
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.
and common stock of the company.
equally, that is to say. Class \ pre-
ferred stock shall share equally with the
common stock in the distribution OF any
such dividends.
In Sc Of any liquidation, dissolution,
or winding up. whether voluntary or in
voluntary. after the payment to the hold
ers OF Glass 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
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 Glass A pre-
ferred stock
In case of any liquidation dissolution.
or winding up whether voluntary or m
voluntary. after TN payment TO the hold
ers of Class A preferred stock, az the
rar amount of such preferred shares. to-
gether with accumulated dividends there
on. above provided the holders of
Glass B preferred stock shall be paid
the par amount of such Class b pre-
fcrred shares, together with ACCUMULATED
ton OF any of the assets or funds of
the corporation among the holders OF
the common stock.
Glass preferred stock. and the pres
ont outstanding preferred stock. which
shall be known hereafter as Class Il.
preferred stock shall have no right 10
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 tho company shall have
the sole right 10 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 the
transaction of all othcr business OF the
COMPANY
And also If the said articles shall be
amended iE the foregoing particulars, TO
authorize and direct the board OF direc-
tors Of said company To cause the nee
cssary documents evdenclns 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 purpose of transa citing such 9TH |
er business as shall lawfully come before |
it
This meeting is called pursuant to a |
resolution of the board OF directors of
Keith O Brien company.
JENNIE b MORGAN.
Secretary.
d4048 |