New-York tribune., 1920-06-17

alton except the right TO r.cs;y. ..
oempoon price shall ceRse ana ds.ae =.
r., .Dl Any and all cumula,lye psrs,a:a.h. psrsssah.
OF the sinking fund or reces,nss' means
Fided in this Article shall be- as Pr.
Cancelled and shall not be reisrusS,A rrusS,AwlA
thereof or In exchange therefor IN hsa
(h) Except as herein or in ~.
laws specifically provided. the Boarss B..
scribe ana regulate the procedu-.' 20 Pr..
toiiowed in. and all details ooncsrn,.so b
Purchsse or redemption of co,nnss y.
paTTliiis'1stins TliS ss preference shares -''als'''
pating 9reference shares shan para'i.
voice or vote at stockholaers' v,.a..e AVE no
the corporation. nor Sc the rnansysaes g.
me o,,sr,o ,GorporaNon, nor IN any proceeding. =
curing the affirmative vote Or cse r.
the stockholders except (l0 proca.s,,.ssent o.
the increase or reduction of csnt,si 'ss To-
put so long as any cumulative partsc,.s'ocs
preference shares shall remain or....'paiins
ne corporation shall not mako .rS9ias
tonal Issue OF such shares which 500
with the amount OF such shsr.s th.se,ae,
ssandins. shall reduce the total nst oui-
OF the corporation per share o, ,nos nseis
outstanding 10 less than 800 o. EstS
every $50 par value of such ehsr..s 20
Proceedings for tho voluntary e,.sn, ,a
without judicial PROCEEDINGS. "a Yo'at-s w
event that four quarterly civiaenA. - -. .as
cumulative participating nr.,sra.es on ~
shall be IN default. Provided. aowa,'' Sf''
nating preforenre sbar.s ,.,-.seVe lSrtic.
ing. no amendrserf of - N."n.n NJ. outsish
this Articlo in -esnAct 20 a'Snsions 20
preferences Of such shares (ex,en. !, al.
by any action taken ,,nSar Sia pe anec,ei
preceding sentanca) shan ~ IN It's
shall any new shares be author,Ess no
issued having any preferences or 10, oF
over the cu,nulattve nsrt,c,,..t phoIi'Y
erence shares herehv an,hort,ns pse.
with the affrmative vote or ,x-,.. e1oep
sent OF the holders ~ .,ro..bt'ssen con
cumulative participating nreee~a,c. y. a.
/ OUTSTANDING SiNo SHARES
In the event that four or.-.,
dcnds son tho curlufative ~ s.,tsyi.e!N' CIV
/ preference shares vrAn+bo- HclpaN7g
( secutive. shall be g., setsni. net Cor
diatelv upon the heapantr., ., Zen imm'.
and thereafter un,N All a,,~,,,' sDon e'eni
! paid d,yidenas 80, ~. 1'S and un.
iic,natinr ~, nus Ipon we eemala;ys par.
! been paid. tho Board ~ S,r.r.,... hays
/ divided into two classes "a - snS4 -
Glass a" and class -B.' clsss ''sg"n IS
consist OF "A ma ior,tv ~ - - shali
! Class n" shall ro,,sis. a, - 0oara. ani
of the board Al any ala,,,on mamie
at which two classes Of dir.r.or. "a. .SV'o''
quired TO be elected. the hnit.,s =, are -
latfve participating prefere-,.a 49, S",nl- ~,
have the exclusive rirnt % o., an Sns
! members Of the ponrs ~ Oir.o.o,sa'' al ta'
stttut'ng Class a ana 81 r,,, Vaa'
holders Of the Common stocit sSai ,,.' a'
/ he exclusive r'rh- TO elec. al tha ~ .AfH
! berg OF the Board of pirerto,'s ,rna,,,.,'' me
/ Class "B ANY such acr,,,-r,,sos SO
/ aefaulted divlfends shall ha se.ls-os
: paid or declared and nro.sGea - a. @ll
as there shall be sufficient s9r-i,,s a. s- soon
/ PROFITS and whenovr- am &C., -. ~.
dividends on such shares shall se ra.s ~
Board Of Directors shah cease 20 be n
right Of tho Common STOCK to ,.,,e 70. -
election OF directors shan be rel,s,s..4