Evening journal., 1920-08-09
THE NEWPORT COMPANY.


STATE OF WISCONSIN, MILWAUKEE
We. Frederick r. wahi and CLIFFORD r.
Stone. each for himself. do solemuiy
swear that we will duly and faithfully
perform the duties Of judges In the
matter Of the vote 10 be taken on the
resolution proposing an amendment to
the Certificate Of Incorporation Of The
at the special meeting Of the stockhold-
ers Of said The Newport Company. held
on the eSth day of July, 1870
FREDERICK r. VAIL,
CLIFFORD r. STONE.
Subscribed and sworn 10 be-
(SEALl fore me, this 2sth day Of July,
ELLA PORT.
Notary Public, Milwaukee County. Wis
My commission expires June 18th, 1922
To the Secretary OF The Newport Com
pany:
that az a special meeting OF the stock
holders of The Newport Company. hell
on the 2Sth day OF July, 1890. 10 con
slider the resolution duly adopted by th'
Board of Directors Of said corporation
az a special meeting of said board. dul,
held on the 2Sth day Of July. 1890. pro.
posing and declaring advisable an amend
] ment 20 the Certificate Of incorporation
Of said corporation as hereinafter sei
NNNAMH We WIRE MIINlMNHW Nv NNAN IlNNN'
ing OF stockholders judges for the pur.
pose Of taking the vote N the Etockhold.
crs taken at said meeting for and against
the said amendment. that nt said spccia
meeting Of the stockholders the follow.
ing resolution was duly proposed and
seconded, 90 wit
Resolved. That In accordance with IN,
resolutions adopted by the Board OF Di'
rectors ON the 2sth day Of July, 1920
the Certificate Of Incorporation OF thii
L NH a. nd NHNI
by striking out an OF the paragrani
numbered fourth and by inserting iu
lieu thereof the following
Fourth: fa) The total authorized cap
itai stock Of this corporation is Thirty
Thousand (30.OO0l shares Of Prior Com
mon Stock of the par value Of one
Hundred Dollars (S100l per share
amounting IN the aggregate 10 Three
Million Dollars $4,000 000l, and on
Million (i.00000O shares of Common
stock Of tho par value Of one Dollai
/ (Si.O0l per share. amounting In the ng
gregate 10 one Million Dollars $1,000,
(b) The holders Of Prior Common
Stock thereafter called Prior Stock shal
be entitled 10 receive when and as ue
clared from the surplus or net profit
/ OF the corporation.
% Regular dividends at the rate O
eight per cent. rs per cent? per annur
ON the par value thereof payable q
quarterly installments on the 10Th day
Of January, April. July and October d
each year. The regular dividends afore
said shall be cumulative.
90 In addition thereto, an extra divi
dend Of per cent Il per cent? on the pa
] value thereof shall be payable on IN
Prior stock on each of the 18th day
Of January. April. July and October !
each wear out Of the net earnings Of On
corporation for the quarter ending %
the last day Of the month preceding IN
date on which such extra dividend
payable, n such net earnings. after d'
| ducting therefrom the quarterly install
ment Of the regular dividend aforesai'
. and interest and proper charges n
+ maintenance and depreciation, are sun
cient therefor provided that II In an
quarter the net earnings as aforcsai
shall not suffice for the payment of sue
. / extra dividend on the next dividend dat
the same shall be payable out OF sue
, net earnings for any previous quartz
Z or quarters Of the current calendar yea
: and N such net earnings Tor such pr
vious quarter or quarters shall not eu
. fce for such payment, then the sal
4 extra dividend shall cumulate durin
Z said calendar year and shall be payab
I out Of such net earnings for any subs
r quent quarter or quarters or the the
. rurrenf ralendnr year said extra div
; dend shall not be cumulative beyond q
tnrn current calendar year, except
anv installment thereof Is not paid wht
\ the net earnings from which the san
s ] is nHNNNIN rs NUNNf NNNNNWfN NNf ~
fcient therefor and the same could ha'
2 been declared; and 20 that extent q
Z same shall be cumulative beyond q
e then current calendar year.
/. In no event shall any dividend be pa
/ upon or set apart for the Common Sto
I out OF net earnings Of the corporate
. accruing subsequent 20 July i, 1920. un
2 an accumulated regular dividends nj
!. All regular dividends for the then Gu
e rent calendar year shall have been pa
3. upon or set apart for the Prior Sto,
s nor shall any dividend be paid upon
% set apart for the Common Stock out
i earnings Of the then current calend
n year until the fun amount Of the ext
s one per cent. quarterly dividend for
r then current calendar year shall b.
been paid upon or set apart for
k Prior Stock. All or any Of the Pr
II stock may In the discretion Of the r.
b. poration be issued as Of July !. ~
and the certificates therefor so dated
l. In the event Of any liquidation. dis
10 luton or winding-up Of the corporat
:. or any distribution Of its assets, otl
lr than by way Of dividends from surp
Is aud pro6ts. the holders Of the Pr
DIT stock shall he entitled. before any
rs sets Of the corporation shall be distr
o. uted among or paid over 70 the hold
of the Common Stock, 20 be paid In
d. the par value OF their shares and,