Free trader-journal. (Ottawa, Ill.) 1916-1920, 1917-04-25
OFFICE OF
THE CHICAGO. ROCK ISLAND AND
PACIFIC RAILWAY COMPANY. .


special meeting of the stockholders OF Inc
Chicago Rock Island and Pacific Railway Com
nany, duly called by majority Of all the
directors. will be held at the office OF the Com
pany, ut Room 1907 In La Sale Street Station;
10 the City of Chicago. County of Cook AMI
State Of Illinois, on Thursday. the twenty -hrst
day Of June, 1911, at 10 o'clock A; NJ. f"r
whether the stockholders Of the Company VIII
consent to and will authorize:
FIRST. The amendment of Article v. Clause
1850. AS amended from time TO time. 50 as to
read substantially as follows with such changes.
alterations and additions as such special meet
Ing may suthorisel, viz: D.,
Island and Pacific Railway Company, the con-
solilated corporation hereby created, shall h.
limited to the sum Of One Hundred and Forty
Millions Dollars. until the amount thereof Is
increased by an amendment to these Articles ~
Consolidation adopted in the manner hereinafter
provided. The said Capital Stock shall he
divided into shares, each Of which shall have
a par value Of one Hundred Dollars. and shall
~ issued and disposed Of fUc the payment or
discharge Of the obligations OF the Company
and for corporate purposes at such times ana
Directors or the Executive Committee may
OF said Capital Stock seventy.nve Millions
Dollars par value. being the present authorized
shall hereafter be known and designated as
Common Stock, and the remaining Sixty.nve
Millions Dollars par value shall he Preferred
Stock entitled to preferences and prlorities over
said Common Stock and respectively entitled 70
the other rights and preferences following VIZ.
"a Thirty Millions Dollars par value OF
said Preferred Stock shall be seven q per
cent. preferred stock entitled to dividends Up
TO but not exceeding seven 81 per cent; u, ~
any fiscal year before any dividend shaii DC
paid upon the Common Stock, ana ehutIeu
further from and after May l. lolI, 10 cunu-
lation of dividends unpaid up to but not ex-
ceedng the rate of hve t5l per cent. ~. ~.
num- such accumulated dividends 20 ne s'iu ~
full before the payment OF any diviuenns, upbn
the Common Stock; entitled equally WIN IN, .ns
six &c, per cent. preferred stock. nercnsIter
described, to be preferred In the dlstrlpe' ion
Of assets upon insolvency or dissolution Oh tue
Company over the Common stonn S,nr, ", stpcis
of both classes. plus any unpaid diviucnds ny
said rate OF Ave 80 per cent. pS ahn.l. "e.
accumulated thereon. before any payment w
distrilniton shall be made ON the Con'nioh
Stock; entitled to be preferred as 70 diviaenus
over the six t6) per cent. preferred stock. her's
matter described, TO the extent 81 one ~
per cent. in any fiscal year. WHEN sns' vn a
before any dividends shall be declared upon tne
said six 60 per cent. preferred stock put, Ill.,
the declaration and payment or setting asiue OF
such one a. per cent. in any fiscal year,
entitled to share equally with the said SIX 90
pcr cent preferred stock ms to further divtlenus
declared and paid on both said classes o. pre-.
fcrred stock and redeeInane " "n =, contammr
rana"usiv with the I'M t6, per cent preferred
stock, hereinafter described on any dis lmn.
payment date ut Onc-hnndred ana hve ao.a is
tx105) per share plus the amount Of Al nhpaa.
ellmulated Ave t5) PER cent. divitenus atcru',u
thereon, upon notice Of redemption gwen ny
ne1e aI Thirty,ave Millions Dollars par value
OF said Preferred Stock shall be six t6l per
cent prpfcrrrd stock. entitled TO divldenis W
10 but not exceeding SIX 90 per cent ~ NY
fiscal year before any dividend snaii y !mam
upon the Common Stack and entitled further
10 cumulative dividends as follows, VIZ 'ay ~
10 Twenty Millions Dollars par value thereof.
+ from and after July Is 1915. and o. az 20
all or any part OF the balance o. s r,' srd after
surh date or dates as the Boafd OF Dircctois
may at any time or from time to time, N,o. TO-, ~
the issuance thereof. determine, 70 cumn.s,,om
Of dividends unpaid up to but not exceehing
Tho rote ~ Ave t5) ppr cent per annuin. such
accumulated dividends to he paid IN full before
the payment Of any dividends upon the Common
Stock. entitled equally with the seven NJ, per
cent preferred stock, herenabovc described, 10
he preferred in the distribution o. assets upo hn
insolvency or dissolution of the company over
the Common Stock In the payment O. ,ne ens,re
mar value OF the preferred stocks Of both classes.
nlus any unpaid dividends ut said rate OF nve
I f5l per cent per annum then ascu mulaif'.
thereon before any payment or disif ,, ~
shall be made on the Common STOCK suplec, ~
The preference as to dividends Of the seven W
rpr cent preferred stock, to the extent or one
az pr cent In any fiscal year when sha'I pe
urSt declared anu pau VI ~ Hri'' W.
Ipon the seven az per cent. preferred stock
before any dividends shall he declared upon TINS
six 90, per cent. preferred stock, hui after the
declaration and payment or setting aside OF
such one "a per cent. in any fiscal year, en-
titled to share equally with the seven " per
cent. preferred stock as to further uly'nehnss
declared and paid on both saih classes or
preferred stock and rticemabc ip whoie.
hut not in part either independently Or or
contrmmrane0,sly with the seven t7) per cent.
preferred stock on any dividend payment dnte
Mt one hundred and two dollars ($102l per
share plus the amount Of IN unpaid cumulative
Ave 80 per cent. dividends accrued thereon.
upon notice Of redemption given AS hereinafter
provided.
the classes of preferred stock upon the terms
| hereinhefore set forth, shall be forwarded by
United States mail to each holder OF record oil
| the preferred stock to be redeemed ut the last
known address appearing on the stock books Of
the company and shall he published ~ tw'
newspapers Of general circulation. one IN tht
Borough Of Manhattan. City and state q New
York and one In the City OF Chicago, Illinois
once week for three successive weeks. said
notice 10 bc mailed as aforesaid and the mrs
publication thereof to be made In each Of TN
newspapers as aforesaid not more than forty
dnys nor less than thirty days prior 70 IN
. dividend date upon which redemption OF I'M
preferred stock IL to be made. !.
The amount o. the Capital Stock may y
increased from time to time By an amendinen
to these Articles Of Consolidation adopted =
amy annual meeting Of the stockholders o. tn
: Company, or at any special meeting called 70
that purpose by the vote Of the holders OF two
thirds Of the shares Of capital stock OF Al
classes then outstanding, ana sucn iurtnr
amounts whereby the capital stock may De y
increased may consist Of seven q, per cen.
preferred stock, or SIX (6) per cent. preferrc,
stock or Common Stock or Ct any two. OF ~
Of said classes Of stock, provided, however, ina
the vote Of majority In interest o. cacn cins
rately. az well as the said vote q the holders 2
fwoihirds Of the shares Of capital stock OF ~