The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-04-06
BACH THE STANDARD OPP IT'S KIND

and ealsfuE under and hg virtue OF flr Iuas
S Ct aes ssYs,sf Of siFh hgrenS gsa'b 90 OBJ,
Utah. aud 10 tho Sfcreiarf 1f ~ints W fI.
state Of liah, that ~ q special meeting uf fHe
uiarly aud legally called and hfld up0u duo
notice thsreaf having been given hf |uHil..4
Ion thereof for Tho perod Of twenty one i4il
dayA in the sail Lake Telegram. o. newspaper
hunted boz the English Language and hltiu-
a general circulation be- tho County uf Salt
Lake. State ~ ttnb. and watch said notice
stated the proposed changes or auruiiurufs
60 the Article, Of Incorporation Of said .IH
panl aud the time ADD place OF such sin,t
manner and form rsaauirsSd by n,ng wa
siorkhuldrrs ms-tine wHs duiy aud r~rauluIIf
and legally held in aesordance With said u.
tire and m accordance with the requirement.
81 the Articles of Incorporation ns tnid r0m
pany and with the laws ~ tho state 81 irHh
y ihs prn'igai ghcc q ihe COMPANY suite
on Monday The 2nd day ~ February 1890.
~ ter o clock In the forenoon Of said dh3
u ~ the outstanding share ~. tho comno4
capital STOCK tbeiug thr only voting Stock
Of the said corporation was reGreseutrd by
tho owners and holder thereof elthef DO per
saG or By proxy. rhe follawing amendments
werf duly adoptrd by q vote reprrs"ntnE ht
Least q majority 81 The >har.s Of the ont.
standing common eapitHi stock uf sHid cor
p%oratian, and the sane we're duly regularly
aud lrgsly adopted md passed gm~Hdins
The said Articles u Incorporation ~ said 7.
G. Penney Company g. foilovs
RESOLVED
That Article X DO AID hereby is amend.
ed to read a. follows.
The subscriptions Tor and ownership ~
hl common siocA ln this corporation are made
aud taken upon the condition that The pur
chaser or holder thereof desirins 90 sell the
same shall hrrt deliver the SAINT tu thr
Hoard of Directors II this corporation for
sale which Heard Of Director, Shall Oh ihr
sale prize gf said siosk hy computing within
stock. which saiustion hail be- hvrd by r,f.
crrucr 10 the tangible property nrionet.s
The particular store. tho stork Of which ls
offered Tor sale Boz %" ca' shall guuuN %.
on other Intangible asssts be- Included iu The
value. Aud IN making such computation. fhr
DIRECTOR shall deduct Items uf liability
charFeahle 20 said store. o. au iudrhtelue.
for Borrowed money bills. NOTES ANA aUruuuts
payable and iakes accrued
A. suun a. tho price Of sHId stock has been
aSed, The directors shall forthwith Oder thr
sams i9f sale az said price FOO the sturthuid.
rrs holdinr the class 81 common stock offered
time in which 10 exercise their right tJ par.
rhase the same 81 said price unless hey
waive such, rent TO purchase hy notice Boa
or more earrrise their right iu purchase tine
same ~ saiu price. tAah NE board uf DIrrs
tors shall, unless Otherwise agreed upon by
sHid bidder. dtNids the SAME between them
10 tho sane proportion o. zach uf their IuHt
yidnal holdings ~ stock bon the branch the
starA VI shea ,s being offered Tor sale bear.
20 their aggregate holdings "t stock Iu ruei
10 case Of their neglect Or refusal TO- pur
fNNHf NNf HANNF ~ "NfN Nlff. NNfN. NNN IN
that rHse. the Board ut Directors uiny nfrr
the same Tor sHls VI said price fo Hui other
person. or persons. aud N wIthHH thirty iiui
additional days time no such person oi per
s0ns shall have purchased sHid stock I'D such
price Ahrn. and after fhy expiration of such
time. IL stockholder Offering such common
,tork Tor sale shall BE- free Co make ans other
sale or disposition ~ biz common stock
These pro, isiuus shali he binding upuu tho
successor. hrirs1 administration executor nr
assigns Of The holders ~ common Htuth Of
this corporation.
90 Thai Article NJ be- and hereby ls
amended 60 read o. fullnWs
'"rh- ohters Of The corporation shall Doc
ca Board 81 eleven difsoturs Of ahom 20
majority shal ronsttt1te o. quorum tu uH
huaiueaa and exercise the corporate pnN prH 90
the corporation aud the action uf mo mHIuutt
Of the cooperation. shHii be- thr action ID fhc
Board of Directors
t2l Chairman n the BOARD NJ Director.
lHl A President
90 a Vice President
til A Second Vice prrsldrnt
ttl A Third Vice President
Gl A Comptroller
fkl A Secretary
tNA A Treasurer
40 A General NHhnFsr
ni That Article XII be- amended as fnl.
loWki