The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-08-13

The nirendment o. Arirle ~ ~ said Cer
tihrsts ef Incorporation 10 read A. follows
Artitla ". The amoant u the total an
thurizcd capital stock 20 the corporation j.
number % shArrs into whirn the same l. al
yided IL ten thousand five hundred Tho pa
value q each share D. one hundred dollars
90 said stock seven hundred aud fifty thous-
hnd dollars shnll be- cun-non stock and three
hundred thousand dollars shall be- preferred
stock. havlng the foil'ving desisnati9ns pre-
Terraces nud voting powers, OF reatriciluns
ur qualifications thereof.
holder, Of the Preferred Stock arr m
titled e. receive. 81 declared b. the Board
~ Director. from ths Surplus or net profits
oi the Company dividends At the rate %,
seven per cent Tffl t"r annum, aud ma
mofe. payahle quarterly on The trst days o..
Frhruary. May, August. and November ~
each year, and such dividends shall be- cum.
uint,sr from the date N original issue Of the
respective shaHs. Holders Of prcfrrrru
stock shall hayg no right 10 participate 10
any ether dividends. whether iu cash nr ti
stock. out al any surplus or net pronts re
maining after providing Tor Tire dividend TO
unirgInonts % the Preferred stock. the Com.
pruy shHli. ON or before the first dag o
May In each year. beginning with the first
day Of May. 1879. and continuing 30 long as
any Of aid Profrrfd stock rmains out
snndng. redeem not .ess than ~ and one
haif per cent t2hgl ~ the par --ue @
tho largest amount ~ Preferred stock there
tofore outstanding In ihe manner hereinafter
NNNNNMNu. " NNNNNNN W. accumulation NNN MNH
paid dividends and the dividend Tor the eur
rent quarter on the Preferred Stock sihll
have been provided for aud an rcuuircmcnts
for H.. redemption uf Preferred Stock shan
have been met. then and then only. holders
81 he romiron stock of the Comunny shail h'
ontIilrd tu receive such dividend out 81 thu
remaining surplus or net profits ~ tho Cum'
rF a. tho Board Of Directors may declare
Upon any sa's b. the Company ~ it, en-
tire assets. or upon any luuidatiOn or disco.
luuon Of ihr Company there tlhll he paie
70 the holiers Of ihe Preferred stock One
Hrndrrd SeNtn Dollars and Fifty Cent?
Osibi5Dl per shHtr aud out 81 The asscis
remaining uftrf such payments. all accniun
lated aud unpaid diyidends thereon After
such paVmsnts 20 tho holders ~ tho Pro
fcrred stock all n the remaining assets shall
be- divided amung Che hold'rs Of the Com.
mon Stock.
Holders Of the Preferred Stock shall M,
he en'i1ed 10 subscribe fr any Common
stock hs-eaher ssued aud disposed q ~
IA. Cumpa.r. hut shail have the right H.
common with ,'her stockholders - the Com
rany, to subscribc fvr their pro rata shaye,
~ any Preferred Stnrs hereafter issued ard
n]isposcd Of hy ihe Company.
The Preferred stock shan not bp voted
az auy uceting or upon any question What
anrver unless the Company shall, after IN,
first DAY Of JAY, lb2l ia!l 90 pay in fuil
at current aud Accumulated dividend upai
3 the Preferred Stock foe two successive uuHt
/ terry periods. iu which event holder uf M
pncfpfrrd stool st.li hH"" nrr vote for each
D HMHNN ~ HNNNh UNIV ~ u'NNiNHAANfN uNA 'WN
rent dividends upon thg Preferred stock
Shan have heen paid. Holders ~ Preferred
Stock shall Dot be- entitled 10 notice nl
stochholders' meetings az which they have NJ
right to vote.
The Preferred Stock may be-. in whole or n
part redeemed IN Zach manner and upu'
such terms a. may be- .RIreel upon bctNgri
tho hpldrrs thcr.of and he Company PRO
NfnED. that she Company shall not pat 10
The redemption Of such stnck in rxcefs a.
One Handled Seven Dollars aud Pity Cent
tsl0g.3ol pes share. plus accumulated an,
uupali diyidrrds aud all ~ The Preiorrei
~t.,k h. subject 90 redemption m tho W
tir1 NJ thc Company, either in whole or /.
part. 81 any dtsi3rua date, a. Ors Hundurl
seven Dollars and FiUy Gents tftO7 500 pc
-harc. plus accumulated and unpaid div.
dends.
II the Company shall exercise ~ opiiol
~ redeem a part only, the same shall be- 70
deemed pro fata from all holdsrs ~ Prefer
red stock tdisrrgarilnE fractional shnresl
Written notice " Tho Company intention g.
90 redeem. and she time and place ~ Euc
record stoskhpidrrs ~ Preferred Stock.
lrn,t thirty taOi DAYS prior o. tho dat
dNrd for such redemption. al their address,
o. the same appear upon The books II %
Company. such notlces may name the r..
htrar or any Rank or Trust Company In m
city ~ Albuquerque, New Mexico a. ~
place where such stock will be- redeemed, an
when funds have been 30 deposited for sur
redemption, pursuant 90 Furh nhticH. n an
q. the Preferred SiQtt 20 BE- redesmed aha
not be- presented at the place so designate
on or before the redemption date. said Rel
istrar, Bank VI Trust Company. a. the agei