Evening journal., 1920-08-09
NOTICES

amount equal 10 twenty -nNt per ''ni.
go per cent? OF such par value, plus
In either case an accumulated dividends
thereon.
Except as above provided. no dividends |
shall be declared or paid on tue fnor /
Stock and it shall not otherwise par /
ticipatc In the profits Of the corporation
(rl The corporation may ON any divi- /
dcnd date redeem an, but not less thln !
an, OF the Prior stock nc any time ort !
standing by paying 20 the hplder %.
holders thereof the sum Of one ltuhut'u
Twenty. Five Dollars lS2ol per snare 20
rcthcr with the amount OF nll dividends
accumulated thereon up Co the date hAeu
for such redemption. Notice OF hn'n
redemption shall be given by mailing
copy thereof 90 each holder Of record or
such stock nt his address as the SANE
shall appear on the books Of the cor
poration at least sixty days prior = ,u, IN,
date fixed for such redemption, ana ni-Y
by publishing such notice once WcsN
for four successive weeks. the nrst pub
lication 20 be not less than sixty Gays
prior 20 the date hxed Cor such re- lrnip-
tion, In n newspaper oi general cll' u,a.
tion printed In the English language anu
published la Milwaukee, Wisconsin. nna
in newspaper NJ general circulation
printed IN the English language ana puN
lishcd tn the city OF New nnrk, =. !,
Such notice having been duly given, iron
and after the date fixed therein ~ IN,
date of redemption, unless detnut thlh
be made hy the corporation ln proNlllnN
moneys for the payment of the teocml
tlon price an dividends on the frlor
stock shall cease and all rights OF "
holders thereof as stockholders or tne
corporation. except the right 70 L,', Le,.lN'
the redemption price without hte'''"
shall cease and determine.
(dD SO long as any Prior Stock ehall
I be outstanding the corporation thau on
! or before each dividend date tet arlr,
y for and credit 20 a sinking Funl' ou'
porstion tif and as there be any At =
! payment OF the cumulative dividcnds on
/ the Prior Stockl quarterly ihn,al,
mcnt Of rhirty-scvcn AonHano ~
| Hundred Dollars 1881. 500. such inetnli-
mcnts shall be- cumulative. provided,
| however. that the aggregate amount ~
any one time 10 the credit Of the Slnkins
Fund shall not exceed the cum OF w on'
hundred Fifty thousand Dollars 'si''''
AZ each quarterly instailment is sst
apart for and credited 90 the Slnhin-
Fund. II shall be applied n the pu,,
chase Of such Prior Stock as may pe
ofcred 20 tho corporation. or % ~ may
be able 20 acquire. AZ price not -
ccodinr One Hundred and Five lloilhl
lSfO1 OOl per share and accumulated NV.
dends. and each such quarterly hll"ue' ol.,
Z ehaU he held subject 20 such api .cl
tion FOR period nf twelve mouths
I ANY such offers shall be acccItcn w
the corporation In the order OF pslo,lt,,
40 the extent that there are AZ the tlm'
oi ne ,ffer funds in such sinking Fun,
rufirfcnt 10 nay for such stock nt he
ta exceed the price aforesaid. ~ s,i sui
offers accepted by the rorpotauoh sui s,u,ii
he apniicd against the quarterly inetaii
mcnt then longest In the Sihelnt ,.. W..
In 40 far as any quarterly inetnllniii'.a
I shall not be exhausted ny the hpp'l,., =,
s,orr ~ above provided within the perio'
Of twelve months from the time !,
the same was set apart and cs,3,i,',l ",
r the Sinking Fund, the same shnti '' ',i,,
10 he held AZ a part OF sala ,h
Tund and shall become a Part on IN
General funds Of the corporation.
No dividends shall be declared or pAn
upon or set apart for the common
n there be any ,P,s5i,ins Ps55ai,iips to fH the sinkin
i, Fund Of the full amount Of any quar-
n terlv inEtallment t...,.,
,s No additions. extensions imnto's
=. uents or hetiermcnta ~ the phh.
y ,renertv of the rorporation shall be pal
Y Tor or financed out % the earnln-H \
r inc cornoration for the then current VI
y endar year. " at the H. any ~. lns,', \
p mont Of cumulative dividends, fcsniht \
~ crtra upon the Prior stock shall pc
q arrcars. or n there be az pending %,
j, fault In the setting aside or creul,ll.e
" tho sinking Fund Of the tuh p"a''''
installnent In each quarter ,t ,
fO No dividcnds shall be declared {
Maid unon or set apart for the toulniV
. / stock N the declaration ettunh ~ ~
y or pavment Of such difidenea Wen Wv,
reduce the net tangible n.setH s n, y" rhr
marathon 20 IN amount less tnAn -
Hundred DOLLARS tS3ool for each eha
% 81 prior stock then OUTSTANDING 49,.
30 The term met tangible assets ~ us
n. IN this paragraph ,u. ,,r shsn secouf
., Investment account. sinking tund, w,
y | assets and all other assets ieA'iuu,
IA good will. patents, trade natle. ~ nv ~,
M. marks, copyrights, deferred sl,a,e s,i,sr, ie
I, mo sum of funded Indebtedness OF .
h. rorporation. purchase money obit At'ol w,
~ ouirk liabilities. depreciation anu ~ w
a. reserves and the interest & On m
en etockohiders IN an corporations, m
ef ioritv on whose capital stock le oMn
~ r., tbis rornorntion and including IN el'
r. case the assets and Liabilities or cor
4. tons. majority OF whose ,,'ho
a owned hv this corporation anu w w
al assets and liabilities are consoh1atsu
A. mo Raiancc sheet. PROVIDED tnal
"a M, nurnoae OF 40 determining ntt ~
Chile assets the stock interes, ot ny ~
he poration IN The Milwaukee .oAt T9,,n
n tomnunv 10 the extent ot rs heiuin
n therein AZ 81 July I. 1870, shah DC ca
IA cuiatcd az It's par value. ...,tt,
f~l Tho bonds which the corpor.t'
n, a. nrcsenflv Untitled 20 have issued 'n
in amountine 10 one Million Five hunn.
80 ;rbousnnd DOLLARS (Si ho0OuQl nhueI I
u. existing mortgage dated seplelun,
~ | 1919 from The newport N"iil, l,..,,. d. ,
"a. ia.
y. r,av ~ issued al any time but neltu
-e. / the said bonds nor the procetus '"s, nv
ce shall be used for any puipus.e.. NJ M
ne than the acquisition by the eoipsels'
AL / ~ sadifionni property. as hereinAit.l
,r oncd INIT not including corporate stoel
r.. NJ mart of the expenditures mAue
II ~ the proceeds Of such honas oI
prior Stock shall, 30 long ~ ans
on fhe Prior stock 10 outstanding; ps
III ~ the hasie for an increase 20 the iunu
~ dchf ~ the corporation as OF Juiy
" i'1B 5b, Bonds m. at any time be issT ssT
~ Ia, thc corporatiOn 20 refund tine wv
~, -. ns o,tqtandinr under said eAst
~ H., ,,,r,,..,-e' or hr bonds which may ne
.xe aftcr he issued by the corporauon
In ronformitv with the prov islone anu
re- strictions herein conlai.tt,', ~ bends
at anv time issue additional n.nu., ~,
vi eerurad notes or create additional iun.
a. i,lcbtedness. or authorize % DC ~.
ne an issue OF issues OF pi'trl -,
lys other than Prior STOCK s in ter,ns 4
mo With such privileges, preiereuo'e ~
On nritios as a may determine, PRIV y
Inc oniv that the aggregate ptf anu m ut -, -
de- notes. funded debt. and preIerre9 ~ ~
M .bf,h shall hereafter be lssuea ".
M ~ 81 tho PRIOR Stock SHAH pe
Tor standing shall not exceea W. - -
m (2-3) Of the cost OF aaoi.,on, l'ii,o ~ iuch
,id ditionai property as may ne 1'i@e. ~
~ ,i.h me proceeds OF the Prior $40
~, WIN ths one Million Five Hunc
,ch rhovs,nd Dollars (Si5oO.oool
ter smonnt Of bonds which the corpora'
ar, Is entitled 20 have issued ,i,lsion uhi
~. " ans article, or any investment
Sid S such ~ proceeds. or any part thereof. (,
ing additional property as the term is, rs u
BILE in this article Is dsnnea 20 ,hereIn aein
.se. real estate or any interest t ~
,en rcrmanent additions 20 the plant aI
ivi- Corporation. al permanent oee..',,ai, oee.e5,r,