The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1913-06-27
Stockholders Meeting.


Whttaksr-oisssnsr Dom pany.
e,si 1 s.n.s 70 hereby given the, az a sre-
OF the Northumberland COMPANY n
corporation created and organized under
10 he held al the principal office OF the
corporation in the City Of Wheeling. in
the state OF West Virginia on the sth
afternoon. a resolution will be Offered
70 Increase the authorized capital stock
:. ,aid operation by Increasing the
nuroer OF shares OF stock thereof from
NIFTY thousand rnares OF the psr value Of
ons hundred dollars each to seventy thou
and shares OF the par value OF one hum
dred dollars each. so that such author
lied capital stock shall hereafter be
seven million dollars instead of five mil
lion dollars as heretofore.
The proposed authorized "A pital stock
OF said corporation amounting TO seven
million dollars. divided into seventy
thousand shares of par value OF one hum
the divided into eommon capt.
tal stock n preferred capital
.,oes a. foilows. tsa, is 10 say Into a
OF five million dollars. divided into nifty
thousand shares OF par value OF one hum
orised preferred capital stock OF two
million dollars. divided into twenty
thousand shares Of par value Of one hum
The preferred stock will be entitled to
preference over the common stock IN
manner. to-wit: To receive cumulative
dlNl1cntS NJ tho rate OF eight 80 lgT
cent annum payable quarterly on the
first day OF March. and one the first day
OF June, and on the first day OF S-pten-
Der, ana on the first day OF December. In
Zach year. before any dividend on the
common stock shall be raid. and. In case
u any LIQUIDATION. or OF a dissolution. or
or a distribution OF the assets. Of this
Company. after all OF the debts Of the
corporation ehall have been paid. the as
sets. property and effects shall first he
applied 20 the payment ~ the said pre-
ferred stock a. par. w''r any unpaid ac-
cumulatiOns thereof. .tuI before any pay
ment IL mad" o.. &c. .p.Iers % the com
mon. and the laIai." - the payment OF
said common stock The conmpu stock
shall be entitled To all net earnings ana
profits in excess 90 the cumulative divi-
lends or eight 50 per cent per annum
payable on the said preferred stock.
said preferred stock shnI! he entitled
holders and shall be entitled 20 parttci-
rate in the management Of the corpora
retiring said preferred stock. IN whole
or In part. at n time. from time to
time. by paying 70 such holders hereor
the sum ~ one hundred and twenty dol
lars for each share " such preferred
stock. together with any accumulated
dividends due thereon.
All preferred stock OF this mpan
which may he issued To IN. aggrerate
authorized amount OF two million dol
lars. shall lie issued to and accepted ny
STOCKHOLDERS upon tho cypress under
standing made and entered into between
the Company and the present and ali
future stockholders as well holders OF
preferred a. OF holders OF common stock.
that. from time 20 time. common stock
may lie issued 20 tire extent that 70 shall
not exceed the aggregate authorized
amount OF five million dollars. and that
all Of said preferred stock which shall
- issued shall he Of the same rank with
ont regard To the date OF its Issue.
All conmon stock Of his COMPANY.
which may Ne ISSUED TO tGe aggregate
authorized amount % five million dol
lars. STALL DO issued To- and accepted by
St"v kh"lders upon the express under
standing made and entered into between
tNe Company and the present and all
fItur" stockholders. as well holders OF
common as 81 holders Of preferred stock.
that. from time 10 time. preferred stock
may he issued 20 the extent that 81 shall
rot exceed the aggregate authorized
amount % two million dollars. and that
all - said prcferrsd stock which shall
=" ISSUED shall - OF Tie same rank with
out regard e. tie dais ~ Ste issue.
ALIEN. GLASS.
W. l. GLESSNER
~ &. WHITAKER
T.. 9 EWING
Je-1q-lTt Stockholders.
Wheeling w Va. juno Is. 1919.