The Coconino sun. (Flagstaff, Ariz.) 1898-1978, 1914-08-21
State of Arizona, Office of the Arizona
Corporation Commission

State of Arizona. s..
The Arizona Corporation Com.
mission does hereby certify tina,
the annexed is a true and complete
transcript of the
AMENDMENT TO
ARTICLES OF INCORPORATION
OF FLAGSTAFF SEWER COM
PANY
which vas filed in the office OF
said Arizona Corporation Commits.
sion on the 3rd day of July A. D.
1914. at 10000 o'clock a. m., as
provided by law.
In testimony whereof, The Ari-
IONA Corporation Commission. by
its chairman. has hereunto set its
hand and affixed its official seal
Done at the city of Phoenix, the
Capitol, this 9th day Of July A. D.
1914.
ARIZONA CORPORATION
COMMISSION.
w. P. Geary, Chairman.
Attest: Frank De Souza,
Secretary.
{ Arizona Corporation
Commission Seal.
Phoenix
CERTIFICATE Of AMENDMENT
OF ARTICLES OF INCORPORA-
TON OF FLAGSTAFF SEWER
COMPANY
Know All Men by These Pres
ents: That at special meeting of
the Stockholders of the Flagstaff
Sewer Company, a corporation Of
the State of Arizona. duly called
and held at its Office in the Town
of Flagstaff. State of Arizona. on
the 18th day of June, A. D 1914,
Article Ill of the Articles of Incor-
poratlon Of said Company was, by
the affirmative vote of the majority
of the shares of Stock of said Com
pany, issued and outstanding,
amended to read as follows, to-wit:
Article Ill.
THAT the total amount of Cap
ital Stock of this Corporation shall
be and is Sixty-five thousand Dol
lars 1865, 000), and the number of
shares into which the same shall be
divided is sixty-fve thousand (65,-
O0O); and the par value of each
share shall be One Dollar Isl .0O);
all of which said stock shall be
issued fully paid and nom assessible.
Fifty thousand $50, 000) shares. or
Fifty thousand Dollars $3.50, 00O),
shall be common stock. and fifteen
thousa nd $4,000 shares. or Fifteen
thousand Dollars (S15, 00O) shall be
preferred stock. and the holders of
such preferred stock shall be en-.
titled to receive from the surplus
Or net profits arising from the bus.
mess of the Corporation a fixed
yearly dividend of eight (S) per
cent, payable semi-annually on the
second days of January and July of
each year, before any dividend
shall be set apart or paid on the
said common stock.
Should the surplus or net profits
arising from the business of the
Corporation prior to any dividend
lay be insufficient to pay the div
dend upon the preferred stock.
such dividend shall be payable from
future profits, and no dividend
shall at any time be paid upon the
Common stock until the full amount
If eight (8) per cent. per annum
shall have been paid upon all of the
Preferred stock from the date of
is issue. or set apart for such pay
nent. After the payment of said
eight 81 per cent. as. aforesaid, the
Common stockholders shall receive
dividends out of the balance of such
surplus or net earnings of this Cor
ooration up to the sum of eight (8)
per cent. of such Common stock for
he current year. In the event the
surplus or net earnings of said Cor
Doration shall exceed said eight (8)
per cent. upon the Preferred and
Common stock for any year. then
both the Preferred and Common
stock shall participate equally in
any dividends in excess thereof,
which the Board of Directors may
declare for such year. Such Pre-.
ferred stock shall be issued imme-
liateIy upon the completion of the
of said Corporation
and shall be sold at par and paid
Tor in cash when issued. The Com
non stock shall be issued at such
l. e