The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-11-06

~ NA'N"NNNN" "NNNNNN
10 existing liens or the crsaiion 81 purchase
wnney mcrtEaEes or purchase money Hens
on properties hereinafter acqaiFsd The
corporation she'll not GREATS any shsrss N
stock having priority over or parity witb
me ureferred stock. either a. 20 Dividend ~
asssts. nor guarantee obligations. starks. nr
ul,idrnhs Of any subsidiary or other ronpo.
ihitnh without The consent or vote 81 Inc
holders ~ srVtriY five per eart tTsftl tr
amount ~ the outstanding preferred sfnrl
nor shall these Articles u incorporation be-
amended so a. 60 change thr specific terms
~ the preferred stock hereby created with.
uut The unanimous vote or consent Of Che
duldsrs Of the outstanding preferred stncH
thl The corporation shall annually De-
ginuins with tho fiscal year following any
t.sur 81 preferred stock. sst aside a. a
sinking fund Tor the retirement and rar.
collation. ~ She preferred stock. ont u The
surplus profits arising from the business ~
thr corporation and rtmainlnr af'er the pay
ment ~ dividends nn the preferred stock a
sum sufficient Co retire lu one " The moth
DDS hereinafter provided an amount ~ .r,.
f.rrsd stock equal - five rer cent go
Of nc lareest amount o. preferred stock ~
any lime outstanding DURING tho wear mr.,
Nidrd that ln mo- event fhali thf sum sn set
asidf fan hslos such sum ss may be- noe
cssAty 60 retire preferred stoek u IN, 49,
value n one Hundred ffty Thousand Dsi
lar ~tti5O.oo0l u tho smn set aside In hny
year shal exceed The annual amount hsrrbf
r%rlnired The excess may De- deducted from
the SUM ~ be- sct aside ina surrecdinr wear
Az innueys SO set aside as a ahkinr fund
shall be- applied - fullrvs
COB A. the option ~ the corporation %
purchase d1rins thr ltar co. Che open mar
" 'uLh ihh.I' NHi NOT in
80. % 70 iiuh"f,n Fl'g Dollars tflh.i
share and accumulated diyidrr a. Go thc
datr 20 purrhHsr, preferred stock ~ th.
corporation io such extent ~ the sam LOO
%" siutius fund shall permit
thl The balance n any. thereafter rr
mn.ling In The slnklns fr tHni.ss .ulh
balance DO IUMa Than ENFH TNuuanFN n.HH.H.
90 nuol in whirh case me said sum go Co.
manning may be- carried over aud added Co.
the sum required geo be- sri aside iu fhe neNt
succeeding yrarl. shHll be- applied Loo such
mHuuer and ly autH method na the Hrarf
~ Director may dttcmiHr during fhs Nr.t
quarter ~ che raat succeediug year tn che
redemption NJ nrrffrrsd stock uron .iaty
thNI days notice Boy mHil Co. tho h0ilen %
record of th. preferred stock Co he redeem.
3D. Hf uur Hundred Five uYiIHrs UyiU.t
per share and an amount uuusl f1 arrunu.
lated dividends tl tho dats o. 'rrdUmluna.
ANY shares ~ prsfsrrrI .tosk pur
chased ly ths corporation COG called FOR Sc.
dtWptiuu shall uof hH Feltsurd lr raauII and
shall hr cancelled.
Third That Article * b. amended o.
follows
ial By inserting rho word common
before tho word stlrk boz each aud even.
place. except tho first where the fstI word
iuE the word common before the words
rHrithl stock iu tht last sentence u said
Artirlr
Fourth. That Article y be- Hri hereby
b. amended iu reed a. fuliunH.
The subscriptions FOR and ownership ~
90 common stock In this corporation arr
made and taken upon the condition that tho
purchaser thereof desiring 90 ..II tho .afut
stall first deliver The same tn thr Board
~ Directors uf thls corporation fuf aal.
which Board ~ Directors shall cause tho
sHmn 20 10" appraised hy three appraiser.
one 90 Do selected hy tho vendor af thu time
OF MHnNHHHmL NMH HHHNH 10 tho AHHHA nN ID.
rrrtura and one 60 be selected b. the board
~ DIRECTORS at thr neNt meeting NJ The
hoard aud ihr ihiid to Doe selected hy the
two selected appraiser. each appraiser.
however 20 De- % stoskhulier owning common
tin'h ~ ihls corporation. hui not % stock
h"lI.f ni me- class 81 common stock offered
i.g 'nlr. nnd nc directors shall furthvith
"ii'F ur same Tor BALE o. said appraised
Nalu' 90 ihe ttorkhuidtrs holding the rlIHa
"i common 'tnrh offered tor sale who shall
nave flstN 'hNl days tWr boz which Co ts
'f'i'' HhHT u.hf q" purhasr ihg same az
HAid price and n two "r NOR" offer 90 Ga
'f'i"' th'lF rshis O" purchase the same 90
-Ai1 appraised 'alur. tlru thc Board NJ d.
rector rhali unless oth'rnia' agreed upon
hf lh' sald hidd'raI sell ihr same iu them
snare "NH hhhf' hth' lH rhsr tf ihrir me-
tl''l of %r'tn,hl TO purchase fh" same 90 said
aIliAlA'9 nHlN' men nnl ihHi cit". She
n"Aih or h'rr'i'fs 'hnH oii'r thn fanl' to
lhr "'heT h"lHei' r"muou stock NJ thr
,flp'ralH1ht ch.'r' ih" hrptnisHla Who shall
nave. tlFy lnnl day additional time boz
"hl'h o" exercise their rlsht Of option tn
purchase ih' H'i"r H' said appraised value
aud h clsr two ur more IN such stnrkhuld
rf- mall offer 20 purchase thr same Ht said
appraised value within said siHty ttNI
day ana in that ease. the Board Of ID
srttors shall sell the Same "a, thsm share
anu share alike AFTER tho expiration uf
said 'imr the sturhtulder offering such
eummon stock for sale shall be- irrr tl makr
any other sals or disposal Of bic common
stock Whom ,aid apprai,omgni shall be-