Evening journal., 1920-04-20
REELECTION OF ST0CKs.

CERTIFICATE OF DECREASE OF
- SECOND PREFERRED STOCK OF
THE AMERICAN CASH REGISTER
COMPANY, SAGINAW, MICHIGAN.
We. the undersigned being the presi-
dent and majority Of the directors OF
the AMERICAN CASH REGISTER
COMPANY. a corporation organized and
existing under and by virtue Of the laws
tify, as required by law:
That at an adjourned. regular. annual
meeting Of the stockholders Of said cor
poration. held at the office Of said com
on the third day Of March. A. d. 1920,
pursuant 10 a resolution adopted by the
Board Of Directors, at a meeting duly
held and convened, II was resolved. by
each class Of the capital stock OF said
corporation. that the first preferred CAPT
tai stock he increased from three hun
dred thousand dollars to seven hundred
hfty thousand dollars, and that the
common stock Of said corporation he in
reased from twelve thousand shares to
fifteen thousand shares OF no par value,
The second class Of preferred stock be re-
deemed by the corporation and cancelled so
that there shall be only two classes Of
stock, namely seven thousand five hun
dred shares Of preferred stock OF the par
value Of one hundred dollars per share
and fifteen thousand shares Of common
stock Of no par value. and that the arti
cles OF association relating to capital
stock be and the same are amended so
as 10 read as follows. viz:
The capital stock Of the corporation
hereby organized Is the sum OF seven
hundred fifty thousand dollars Of pre-
ferred stock and fifteen thousand G5OO0)
shares Of common stock Of no par value.
The number Of shares into which the
capital stock is divided Is twenty two
thousand five hundred shares. Of which
seven thousand five hundred is pre-.
ferred stock Of the par value Of one hun.
dred dollars each. and fifteen thousand
shares OF common stock Of no par value
That the certificate OF incorporation
known as the articles OF incorporation Of
the AMERICAN CASH REGISTER COM
PANY, be further amended so as to
eliminate therefrom the provisions re-
lating TO second preferred stock and
consisting Of two thousand three hun
dred shares OF the par value Of one hun
dred dollars each, and the board OF di-
rectors shall call In, retire and cancel all
outstanding.
We do further certify that the total
amount Of stock. including such in
crease subscribed is three hundred thou
eleven thousand four hundred ninety
shares OF common stock Of no par value.
The total amount Of stock. including
such increase actually paid i'm. is the sum
Of three hundred thousand dollars.
The amount OF the increase paid in
cash Is no dollars.
The amount Of the Increase paid in
other property is no dollars.
That all the debts Of the corporation
not otherwise fully secured, have been
paid and discharged.
II was further resolved by the same
vote that the value OF. and the price az
which such Increase Of the capital shall
be subscribed and paid for by the stock
holders he fixed and determined by the
board OF directors, as well as the time
and manner OF subscriDti0n and payment
Of such increased stock.
And the directors OF said corporation
are authorized to sell at the price or
prices so fixed any part Of such in
crease not subscribed by the stOckhOld-
ers, after they have had reasonable Op-
portunity to make subscription Of their
proportionate shares thereof, and the di-
rectOrs may make provision for calling
In and canceiling the old certificates and
issuing new certificates Of stock.
The certificate Of Incorporation known
as the articles OF incorporation OF the
AMERICAN CASH REGISTER COM
PANY heretofore filed, and recorded.
Delaware, shall remain In all other re-
spects. except as modified and amended
by this certificate
In witness whereof, we hereunto sign
our names this eighth day Of March
" II. A. SAVAGE. President.
WM. SElFFARDT, Secretary.
II. A. SAVAGE.
WM. SEYFFARDT,
O. II. COOPER.
OTTO l.. DTTTMAR.
J. s. PALMER
Directors.
Incorporated under laws OF Delaware.
Corporate Seal 1917.
American Cash Register Co.
STATE OF DELAWARE, COUNTY OF
NEW CASTLE. IS:
BE 1T REMEMBERED that on the /
10th day Of March, 1920. personally ap-
peared before me, the subscriber, a No
tary Public In and for said county, III
4. Savage. President Of said AMERiCAN I
CASH REGISTER COMPANY. and a
party to the foregoing statement. per-
sonally known to me TO be such, and I 4
having firsi made known 20 him the con
tents Of said statement. h did acknowl- |
edge that he signed. sealed and delivered |
the same as his free and voluntary act, /