Greenwood daily commonwealth. (Greenwood, Miss.) 1919-1926, 1920-03-02
CHARTER OF INCORPORATION OF
WERTZ-BRADLEY LUMBER
COMPANY AMENDMENT.
poration of the Wertz- Bradley Lum-
Der Company.

AkaACAt0aAA&tsS ~ lag III 81 Va 1xlCOKe
poration of the Wertz-B Bradley Lum-
Der Company.
That article 1" Of the Charter of
Incorporation of the Wertz-B Bradley
Lumber Company reading as follows:
The corporate title of said Company
is Wertz-Bradley Lumber Company,
be and the same is hereby amended SO
as to read as follows:
"The corporate title of said Com
pany shall be "Wertz Lumber Com
pany."
That article A" of the Charter of
Incorporation of the Wertz-B Bradley
Lumber Company, reading as follows:
Amount of Capital Stock is Fifty
Thousand Dollars, be and the same is
hereby amended so as to increase the
amount of Capital Stock of said Cor
poration from Fifty Thousand Dollars
to One Hundred and Twenty-Five
Thousand, Twenty Five Thousand of
the new stock to be Common Stock,
and Fifty Thousand of said new stock
to be Preferred Stock, and that said
"Article 4" Of said amended Charter
of Incorporation be and the same is
hereby amended to read as follows:
Amount of Capital Stock is One
Hundred and Twenty-Five Thousand
Dollars, Fifty Thousand Dollars of
said stock to be Preferred Stock: The
Preferred Stock is entitled to pref
erence and priority over the Common
Stock in tanner, to-wit: To receive
cumulative dividends at the rate of 7
(per cent? per annum, payable semi
annually on the LIST day of January,
and the 1st day of July, in each year,
beginning July LIST, 1920.
The Company shall set aside $500
per thousand, log scale, for each thou
sand feet of logs cut from the hold
ings of said Company to be used as a
surplus fund for the retirement of the
Preferred Stock, and any number, OF
all of said shares of said Preferred
Stock may be retired at any interest
paying date after the year of 1922,
by paying to the holders thereof $1O1.-
90 per share, same being the redemp-
ton value thereof, and all accumulat-
ed dividends and no more.
The Common Stock shall be entitl-
ed to all earnings of the Corporation
declared as dividends, except as above
provided with respect to dividends up
on the Preferred Stock and the am
cunt to be set aside as a sinking fund.
Upon the dissolution of the Corpor-
alton and distribution of it's assets the
Preferred Stock shall be paid in full
at a before any amount shall be
paid on account of the Common Stock
and the Common Stock shall be entitl-
ed to receive all assets remaining
after such payment of the Preferred
Stock .
We, Walter c.. Palmer, Vice-Presi-
dent, and Nathan Bradley, Secretary
Treasurer, respectively, of the Wertz-
Bradley Lumber Company, a Corpor-
alton, of Greenwood, Leflore County,
Mississippi, hereby certify that at a
regular meeting of the stockholders
of said Company, held at the office of
said Company in said City of Green
wood on February oath, 1920, at which
meeting all of the stockholders were
present in person, or by proxy, the
foregoing amendment to the Charter
of Incorporation, to increase the Capt.
tai Stock of said Company from Fifty
Thousand Dollars to One Hundred
and Twenty-Five Thousand Dol
lars, Fifty Thousand Dollars of
| said new stock to be Preferred Stock,
and Twenty-Five Thousand to be Com
mon Stock, was regularly adopted by
an affirmative vote Of all OF the
Stockholders of said Company.
In Witness whereof, the said Wertz-
Bradley Lumber Company, a Corpor-
alton, has caused this amendment
and Certificate to be signed by Wal
ter C. Palmer, it's Vice-President, and
Nathan Bradley, it's Secretary-Trea-
surer, and it's corporate seal to be at
fixed this the oath day of February,
1920.
WERTZ-BRADLEY LUMBER CO.
WALTER C. PALMER,
Vice-President.
By NATHAN BRADLEY,
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