The herald., 1918-06-06
CHARTERS

payable before any dividends ~, shall
upon or 5et lpa-. for the snau b g
Nhenevcr all Cumulative diviSosnon ~
preferred stock FOR all prev;'.'lIehds 0,
have been declared, and sL.Ts, yeab
payable, and he a-c-u,d A.; nave -
current year shall have bss.' uends ir
the company shall have nsi5 ueelarS
tive dividends Joy previous susA er,
accrued dividends. or shall boS and ~
from rs surplus ur net p-of;,s St n,
| c'cnt t-- O.. payment therao; sun -
| further t..l.u., be de,is,oI Thea 81
! remaining surplus p- net nrcf;. OUT
| Of directors ,ha. declare as ths b.
| common AND rE-..r-el s,,ck 'L.uends o. 4
| alike. payable .-a or thrrss,Its,I0e and Is.
| event i a". .Inia.io7 or Az u
| winding 600 .A.a,hr- v,!urt,- u-'solt9,
] taryl o.! RE ..-i,.r4tion, the bo,g iHyA,
/ preferred -.y.r shall be ent;,I aJgiaeH q 4 /
| IN tu.l both the par amount ns Be
/ and the ..rrait dividends sc. uisf so;,s
/ before any mount shall he & Aes.
| holders VI -ar common stock. PSsa %
! payment o Tie holders Of ,L'u aI 1
stock - as pa. value. and the Prefer.
| crued dtv.ie1l, thereon. rbs ".e UNPAID
SETS ald FUNDS sall be divided ana
.le l2.1,ls ~ ,"c common stock ~, "a;
J - 49, ''r'-'.'. sitTeS.
hHe l-i'-,' .'t THIS corpora,;,,
&c AZ. 80 '.' hundred thopS,.I =
az 49, .--. ,dlng to law.
70 t''I,N''' >-',S shall be ad-;..,
'elu l, nc N"-.' ~ binding, so Far
SD'liiiI"y - -'".ltnei, unless made on ~ :
Shall he nil ,.-ir.. .,, NO sale Or -
MED Inv ,yrf.r,-, .-.-..is In SAFE Is sce,-c
Presidc,- or N.-.-T-.s.,jj..C.a.'e signed "
Treasurer Of tie C5-nD,ry y'' ;, ana Sec,aS
sYrh stprk 81. TT ny 20 the eiiec, 4
-c s-C iron r 's,S 70 me remanin,
J dire-tnrs az IT,. ~ -iiiousn The boat
ten dav, and rra,. ~. iot pend
10 pur.ha,. sam. 'S''ed or dss,.
sad ,lrr,.-.,..,.- ma.
s.ryes he -..a 10y And 1t HEREBY
md ,,,rsl an, ...J n redeem, ~,
INC nrefe--.l s.',,l. 8 ~ 81 'le then Outs,,.
sixtv davs 5f,,- The .rJ IEofporatlon vtS,
IN S,,.L ,-r,,,..s - e',H ol any fiSeal ".
s1cL ,,1,nna- ,s 81. 'I uF9e to tine All :
deternirc b,, 49,, y! Oh Director n,
ers NJ ~ 81 ~ Ie respective NJ
N ,brir ,-fc- q. ~. e., oT oy depOat,
sum or sums coil - ~. VI Inc eOa7ar
the preferred ,f,rk 80 r :. me par Vsle,
toyetber Win Iii 5,,.,.,, ..'eu and cancls
diyide,ds tbr-.,, :; aga and s,,s
ten collars (sIOu6, me- Plus ne 81,
such denos,, ,-;.+.I SiaIe' In es
fa-,L,y;tt he -, i.o'loe thereof III
~ the s,,rt - rs.;-.5 ,I respective k.lr
inc srcb not. >, -. s''I cancelled BY u.
Known nj -, - HT u at their Il
nv the r1-ro-e,. -e-,-I" business, Il nm
ARTTCT = w s.auiL.,,
b.Id nerso-,rIy It'll M nno, . saall eve h
$50 ~ 90 ,,---1-.; ioi me faults OF o.
- ~ ,S3 ~. , a.Ioh IN any turthr \,
ron on tho sba-es l,a,.1e que 70 the @prs
~ me- 49,, Nv W. 'eI Oy MN, nor d
, Te5der;,g The rLa-..y ndye me etfea I
ary s,oskbaId.rs - nun, OF Of eIpas
bayo,d he ,,r,,,;5 ~, any personal isbss
ARTICLE VT~4II ,ba co. Jug on oi' SID
his rarno-stior ~, rae e WI PO,ale p0ssu 1
stockboIders shall he vas,sI law h
o;seG b. "a n nesIee IN and ,l-
nosed ~ nor L. e . % 3 ~
nor roya tba, -. Snia; .nee slockhdta
r,a;or;tv ~ 49, TN.s common 'td
: or1rr7r 70 .,a,s,r. $500 s"4n eonst'si
E TORS shall he eiec,sd snn',.IiS ne Dis
= The boIders rs cl,,-,,e, LAY " oaOl ,
conve,sd TO- r., ,S,Sr,so q ! nettz
r written notice 10 e,cb .,o, AZ l''een az
/, his iast addrssS ~ o. 49, tloi I mailed
1 no-ation The nTeferrs1 49, CJO ne a.
VOTING noyyer S'0'A snah nave !
= Inc directors al their first meeting a
. each annual meeting shall elect 10
their number resident Nlee-Presixz
}. secretary ana a treasurer, which last b.
hamSd Oill0erS' however, may be oOnbins
: al lne pressure OF the Board. The anual
meeting Tor the election OF directon as
take pace on the thlrd tuesday in Janus
- OF each year.
The meeting of the stockholders for :
J election of the first Board of Director
serve until the election on the third Tvs
! day in January 1919, will be he'd On M
i 20, 1918.
The failure TO elect directors or hold }
J annual meeting shall not dissolve III.
2 the corporation, nor impair its mammal;
: in any respect, but the directors in Of.
: shall remain in office until their success.
!; are elected and qualified.
! Any vacancies occurring in said Board 81
L be filled from the other stockhoiden
9 the unexpired term by the remaining irs
+ tors.
;. ARTICI vTr-Tb;s a., =, ;,,o,.,.,s.
y may be modified, changed or altered b.
: vote OF two-thirds of the stock Of this y
T poration at a meeting of the stoctAlar
y duly called for that purpose, provided, k'
e ever, that the objects and purposes u q
/ corporation shall not be changed, and !
y capital stock shall not be increased to n
o than the maximum nermitted in the arr.