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

u the rccara holder Of meh staci. shall hold
th@ snp rfguir,d for it, rsdsnrtioH 10 ths
credit u ihs holder Of snid stoek. aud said
stock slAli hereupon be rrdermed and can
e,loh and nl rshts Of the holder of such
stock, except 70 the fund "a phcrd on de-
post Tor han. shall cease and drtrrmine. All
froferfed Stock redeemed iu aeecrdanre Win
the uruNs ions hereof shall ther,upou be- i'm.
mcdiatt- cancelled and shau not be- rsistusd
n. That 81 said meeting Of the Stock
holders. the Foregoing ~amendnents aud 10.
erase wsre aesented 90 lu writing BY mere
than two.thir1s in interest Of each class Of
The Stockholders having voting povers. which
said written aFeut Il hereto appended.
VI That cnr Hundred shares Of com
mon stock " said corporation are issued and
outstanding.
in Witness whereof. the said The MeKin.
aad and Luumher Company $50 stock.
hnliers' LiAhiiityI has caused this csrtih
cats - be signed b. IT, President aud ~
secretary aud ~ corporate seal 10 be- hsret,
THE MCKINLEY LAND AND LtMBER
roMfANf, GO Stockholders Liability }
(seal1
ny A. j. rwERRELL. President
by RICHARD INGLlS Secretary.
RESOLUTION UF THE BOARD OF DI'
Ss,oi,sd. That Il is advisable to incrgass
me eapitaf stock of the company from Ten
Thousand Dollars 60 One Million Pity
Thousand Duliars. sad 10 amend Article ~
Of the Certificate u Incorporation 10 read
a. fulluws3
Article ". The amount uf the total an.
thtuEtd capital stock Of the corporation u
ono Million Fifty rhousand Dollar. ia,
number 81 skarta into which the same l. d.
yidcd Is Tea Thousand Five hundred TIL,
pas yalu. of each share 10 One Hundred Doi
lars. OF aid stock seven Hundred aud fiftl
Thousand DOLLARS shall be- common stnck.
and Three Hundred Thousand Dollar fhnli
De- preferred stock, having the following de-,
tsnatious, prcforonees aud sUtng powers. O.
.W ..a.NHVE..Na.U. uA.w.N
Holders ~ the Preferred Stock are IN
800 receive, a. declared by the Board o.
DIRECTOR, from the surIfaa or net profit.
~ the Company dividends at the rate o.
more. payable quarterly or ths hrst days o
fthUary. May. August. and November o.
each year aud such diyidends shall be cumh
lattys from the date ~ original isu. 81 M
Stock shall hay" NO right 90 participate D.
any other dividends. whether In cash or !,
stock. ont uf any surplus or net profits r.
mniniuE after providing for the dividend re-
quirpmenis of The Preferred stock. the Com
pany, shall. on or before the first day a.
May DO zach year. beginning With The tiis
day " May 1898, aud continuing 80 lurl
4 hs any u said Preferred stock remains out
standing redeem not less than two and one
bali pnr rnnA or y "a uf She par vaiue o
the largest amount Of Preferred stock there
after provided Whsnoyer all accumulate
ard unpaid dividends and the dividend a.
tHs srfrrut Quarter ua tha Preferred star.
shall have been provided for, aud all a.
/ q~uirrmruts TOE u SCOT mpt.un VI frrferrr
stock shall have been mot then aud the
only holders ~ the common stock 81 n
company shsll b. entitled 10 receive sue
u,ii.uls oui Of the remgNinE surplus d
oct prunt Of tln rumpany0s The Board a
Director may csrlnrv.
Upon any salo By the Company of H. n
tire assets, or upon any liquidation or dir
solution ~ the Company, there shall DO pai
g. the holders OF the Preferred Stock On
uuudrld seven nclalfs and Fifty Cen
ffi07 hOl pes share aud out ~ the assets n
naming after such pay All necumulatf
and unpaid dividends thereon. After sue
aymeut 10 the holders Of The Prefsro
Stock all Of the remaining assets shall b
divided among the holders Of the Comma
Stock.
Holders u the Prrf,rred Stock shall n
be- entitled 60 subscribe for any Comma
stock hereafter issued and disposed Of I
the Company. but shall have the right.
common With other stockholders Of the Coz
pony 10 subscribe for their pro rata shar
~ ans Preferred Stock hereafter issuod a.
DISPOSED of BY The Company.
The rrcfeusd Stock shal not be vnti
a. any meeting or upon any question wha
SOLVER unless the Company ahall. after n
all current and accumuiativo dividends up
the Preferred Stock Tor two Eurcesive qua
terry periods, IN which event holders o. n
Preferred Stock shall have one vote for ca
share Of stock uhui all accumulated and "a
rrnt dividends upon the Preferred Siol
shail have been paid. Holders u frefeTr
STOCK shall not be entitled 10 notice Of stoc
holders meetings Al which they have
right TO vote.