The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1921-06-23
NOTICE OF STOCK
HOLDERS SPECIAL
MEETING

Notice Is hereby given that a spe-
cial meeting of the stockholders OF
the Utah Condensed Milk Company
will be held at the Office of said cor
pOration at Richmond. Cache County.
Utah. on Wednesday. the Goth day
of June, 1921. at o'clock p. IN. for
the purpose of considering and acting
upon a proposition to amend the ar.
ticles OF Incorporation of said com
'pany in the following particulars:
/. To amend Article One so as to
change the name of the corporation
to Sego MIX Products Company.
Q To amend article three so as TO
provide that the principal place of
business and the place of the general
business of the corporation shall be
at Logan, Cache County, Utah.
3. To amend Article Six so that
as amended it shall read as follows:
ARTICLE SIX
That the amount and limit of the
capital stock of said corporation shall
be and is $1,000, 10000, which shall
be and is divided into 100000 shares
OF the par value of $1,000 each. That
of this amount, one half will be COM
mon stock, and one half will be first
preferred stock. The holders OF the
preferred stock shall be entitled 20
receive out of the net profits or sur
plus of the company, when and as
declared. cumulative dividends at the
rate of eight per cent per annum,
and no more. payable quarterly ON
the first day of January. April, July
and October in each year, before any
dividend shall be set aside or paid
, pom the common stock. The divi-
dends on the preferred stock sha;:
be cumulative so that IL the company
hall fail to declare and pay any
IQuartcrly dividend at the rate oi
Icight per cent per annum, the def
cheney shall be payable before any
dividend shall be declared, paid OF
st' apart for the common stock. The
first dividend on any preferred stool
issued prior to September is, 1921
shall be payable october LIST. 1921
for the period of three months, at tht
rate Of twenty cents per share. M
dividends shall at any time be pay
able, paid OF set apart on the com
mon stock until all accrued DIVIDEND
shall have been declared and pait
or set apart on all issued and out
standing preferred stock and unit
the surplus and net profits OF tn
company applicable TO the paymen
Of dividends on said preferred stool
shall be equal TO the amount reuuite'
to pay the dividends on said preferret
= stock for the further period of on
D fun year after the withdrawal of an
? sum proposed to be paid as diyi
4 dcnd on the common stock. Said pre-
I ferred stock shall, in the event o
? the dissolution, liquidation or wind
( ing up of the company, whether vol
\ untary or involuntary, be paid tn
{ rlll par value, together with the full
= amount of any unpaid and accrued di
I yidends thereon, before any sum shall
be paid or distributed or any asset
[ applied upon the common stock: bu
. the said preferred stock shall not b
1 entitled to receive out of the SUI
1 plus earnings or profits of the CON
. pany any excess OF said cumulativ
a dividends over the rate of eight pc
n cent go per annum, nor shall sal
I preferred stock be entitled to shar
= in any distribution OF the assets G
the company after there shall hav
= been paid thereon :ha full amour
% OF the par value thereof tDLcthe
: with all accrued and unpaid div
dends thereon, except in the case {
, liquidation, dissolution or winding II
:, which Is partially or wholly the r.
suit Of voluntary action on the PAL
I OF the holders OF, a majority or NOR
u of the common stock there shall a
SO be paid to the holders OF said pr,
p ferred stock the further sum of On
n Dollar per share before any sum sha
q be paid or distributed or any asset
NJ applied upon the common stock, II
n holders OF said preferred stock sha
Il be entitled to subscribe for any az
IS ditiUnal or increased preferred cap
I tai stock Of the company which ma
! at any time be issued, pro rata wit
10 he common stockholders, but sha
IS not be entitled to subscribe for al
N common capital stock which may
K any time be issued.
ID That the company may redeem sa
p shares OF preferred stock or any pa
p thereof on any dividend payment da