The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1917-05-21
MEETINGS

five Dollars $4,000 each, and increas.
ing the number of shares of Common
Capital Stock from Ninety-five Thou.
sand (s5,0O0) shares Of the par value
OF One Hundred Dollars ($100O0) each
to Four Hundred and Eighty Thousand
(4S0,000) shares Of the par value Of
Twenty-Five Dollars ($25.00) each; so
that such authorized capital stock
shall hereafter be Sixteen Million Dol
lars (S16,000,000) instead OF Twelve
Million Five Hundred Thousand Dol.
lars ($12,500,000) as heretofore, ana
so that the authorized Preferred Capt.
tai Stock shall hereafter be Four
Million Dollars ($4,00O,0OOl, consist
ing of One Hundred and Sixty Thou
sand (16O,OOO) shares of the par value
Of Twenty-Five Dollars ($25.O0) each
instead Of Three Million Dollars ESQ.,
OOO,000), consisting of Thirty Thou
sand 100000 shares of the par value
OF One Hundred Dollars (S1OO,OOO)
each, and SO that the authorized Com
mon Stock shall hereafter be Twelve
Million Dollars {$12,0O0,OOO), consist
ing OF Four Hundred and Eighty Thou
sand (4SO,00O) shares Of the par value
of Twenty-Five Dollars (S25OO) each
instead Of Nine Million Five Hundred
Thousand Dollars ($9,50O,OOO), consist
ing Of Ninety.five Thousand C9o,0OV)
shares of the par value of One Hun
bred Dollars 100000 each, as mere
tofore. And provided that the SAD
Preferred Capital Stock shall have tne
same right to vote in stockholders
meetings as the Common Capital
Stock and shall be entitled to per-
petual cumulative dividend of Six Cen
tum (6 per cent? per annum, ana no
more, payable quarterly, when and as as
declared by the Board Of Directors ouI
of the profits OF the company Defofe
anv dividend shall be declared or paid
to any of the stockholders of the COM
pany other than holders Of said Pre-
ferred Stock; the dividends which are
not declared or paid for any year to
be paid out of the profits OF succeeo'
ing years before any dividend be de,
!, clared or paid to any stockholder OF
4iiife COMPANY otheFSthan the holders
81 said Preferred Stock, and, upon
liquidation or winding up of the com:
pany said Preferred Stock to be PAID
in full, both: as to principal and &C:
crued dividends before any payment
be made for or on account OF the COM
mon Capital Stock. And providing fur
Their that holders of the outstanding
Five Per Cent. Is per cent? cumula'
tive Preferred Capital Stock of the
company Of the par value Of One Hun,
bred Dollars ($10O.00l per share shall
have the right and option to convert
such Preferred Capital Stock into the
Six Per Cent (6 per cent? cumula'
tive Preferred Capital Stock OF the
company of the par value of twenty
five Dollars (S25.O0) per share upon
the basis Of Three and Nine.twenty'
fifths e 9.25) shares Of said Six Per
Cent (6 per cent? cumulative Prefer.
red Capital Stock for each share OF
said Five Per Cent. Is per cent?
cumulative Preferred Capital Stock SO
converted; such conversion to be Ell
fected by the surrender and cancella'
ton Of the certificate or certificates
for such Five Per Cent. Is per cent?
cumulative Preferred Capital Stock so
converted and the acceptance OF said
Six Per Cent. Is per cent? cumulative
Preferred Capital Stock on said basis:
And provided further that holders OF
the present outstanding Common Capt.
tai Stock Of the par value Of One Hun:
dred Dollars ($10O.0O) per share shall
have the right and option to convert
such outstanding Common Capital
Stock of the par value Of One Hun
dred Dollars ($1O00O) per share into
the new Common Capital Stock OF
the par value Of Twenty-Five Dollars
(s25.OO) per share on the basis Of four
(4) shares of said new Common Capt.
tai Stock Of the par value of Twenty
five Dollars ($25.OO) per share for
each share Of said outstanding Com.
mon Capital Stock of the par value OF
one Hundred Dollars ($100.OO) per
share so converted; such conversion to
be effected by the surrender and can
collation. Of the certificate or certifi-
Gates for such Common Capital Stock
so converted and the acceptance of a
certificate or certificates for q cor
responding amount Of the new Com
mon Capital Stock Of the par value
of Twenty-Five Dollars (S25.OO) per
share on said basis.
& 21.2s 6 4.1l.1S Secretary.