Evening journal., 1920-08-16

said certificate was duly authorized by
the Board Of Directors ami stockholders
Of said corporation.
IN WITNESS WHEREOF. II
(SEAL) have hercunto set my hand and
notarlal seal. the day and year
aforesaid
FREDERICK r. VAIL.
Notary Public, Milwaukee County, wis
My commission expires July 1, 1929.
THE NEWPORT COMPANY.
JUDGES CBRTfFICATE
STATE OF WISCONSIN, MILWAUKEE
We. Frederick r. wahi and Clnord y.
Stone, each for himself, do solemniy
swear that we will duly and faithfully
perform the duties OF judges In the
matter OF the vote 90 be taken on the
resolution proposing an amendment TO
the Certificate Of Incorporation OF The
Newport Company, such vote 10 be held
at the special meeting Of the stockhold-
ers of said The Newport Company, held
on the 2sth day Of July, 1870
FREDERICK T. WAHL,
CLIFFORD n. STONE.
Subscribed and sworn 10 he
lsEAL 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.
We, the undersigned. do hereby ccrtif,
that at special meeting OF the stock.
holders Of The Newport Company, held
on the 2sth day Of July. 1920. to con.
slider the resolution duly adopted by ths
Board OF Directors OF said corporation
al special meeting 0f said board. duly
held on the 2Sth day Of July, 1920 pro-
posing and declaring advisable an amend.
ment 70 the Certificate Of Incorporation
Of said corporation ns hereinafter set
forth, we were appointed by said meet
ing OF stockholders judges for the pur-
pose Of taking the vote OF the stockhold-
crs taken at said meeting for and against
the said amendment, that at sale special
meeting Of the stockholders the follow
ing resolution was duly proposed and
seconded. TO wit
Resolved. That IN accordance with the
resolutions adopted by the Board Of hi.
rcctOrs on the 2sth day Of July. 1n2n
the Certificate 0f Incorporation OF this
company be amended as follows;
BY striking out all Of the paragraph
numbered fourth and by inserting In
lieu thereof the following
Fourth: tal The total authorized can.
ital stock Of this corporation Is Thirty
mon stock Of the par value Of on,
Hundred Dollars (siOO) per share
amounting In the aggregate to Thre,
Million Dollars lSd dOO0,OO0l, and on,
Million u.00O00o) shares Of Common
Stock Of the par value Of One Dollar
(Si.O0l per share, amounting IN the ag
sregate TO One Million Dollars $1,000,
OO0).
ID The holders ~ Prior Common
| Stock thereafter called Prior Stock) shal
be entitled TO receive when and hs de
clared from the surplus or net prOntl
/ Of the corporation.
G) Regular dividends az the rate o
eight per cent. IS per cent? per annuu
/ a. .auIsH ~. O..
quarterly installments on the 18th day
/ Of January, April. July and October il
each year. The regular dividends aforc
I said shall be cumulative.
90 In addition thereto. an extra divi
/ dend Of per cent. II per cent? on the pa
value thereof shall be payable on In
/ Prior Stock on each OF the 18th day
/ Of January, April, July ana October II
each year out OF the net earnings OF tn
corporation for the quarter ending ol
the last DAY Of the month preceding tn
I date on which such extra dividend 1
payable. II such net earnings. after de
ducting therefrom the quarterly Install
! mopt of the regular dividend aforesaid
maintenance and depreciation. are sutil
cient therefor, provided th.t II In an
quarter the net earnings as aforesai
shall not suffice for the payment Of sue
extra dividend on the next dividend dat'
the same shall be payable out Of sue
not earnings for any previous quartz
or quarters Of the current calendar yeal
aud " such net earnings for such pre-
vious quarter or quarters shall not SUI
fee for such payment then the sal
extra dividend shall cumulatc durin
said calendar year and shall be payabl
out OF such net earnings for any subse
Quent quarter or quarters or the the
fnrrsrf calendar year said extra div
dend shall not be cumulative beyond "a
ICON current calendar year. except y
any installment thereof Is not paid whe
the net earnings from which the sam
Is payable as above provided are sui
fcient therefor and the same could hay
, been declared: and 10 that extent m
same shall be cumulative beyond N
then current calendar year.
In no event shall any dividend be PAL
upon' or set apart for the Common StOc
out OF net earnings Of the corporatio
accruing subsequent 10 July !, 1920. unit
all accumulated regular dividends an
ali regular dividends for the then Gu
rent calendar year shall have been pa
upon or set apart for the Prior StOc
, nor shall any dividend be paid upon
set apart for the Common Stock out
earnings Of the then current calend
+ year until the full amount Of the ext
! one per cent. quarterly dividend for q
then current calendar year shall ha
been paid upon or set apart for {
( Prior Stock. All or any OF the Pri
/ stock may in the discretion Of the ca
. poration be issued as Of July ], 10.
and the certificates therefor so dated
T. In the event Of any liquidation. diss
o luton or wiudinr-up Of the corporate
!, or any distribution Of its assets. 9th
n than by way Of dividends from surpl
! and profits, the holders Of the Pri
n stock shall be entitled, before any !
IS sets Of the corporation shall be distri
j. | uted among or paid over 70 the holde
! sf the Common Stock. 10 be paid In 4
J. the par value Of their shares and.