The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-09-14

irsn,srIp, ~ ne csriassts ef Ineerp"pi,ie
q. thy .. 8 brown MERCANTILE COM
rANf whish wss nlsa T. ~. office The
o sissi a. n. nd admitted 20 ieeoss. h
sst ny hand and .fhssd the Grsal Vol ~
tsesij CARL Z. MILLIkEN.
Secretary Of state.
ny cHAs. N ARMSTRONG
Know An Men by rh.sp Prsssns..
That We. ftaahlin Aeiker, John o.
STATE Of colerndo, have associated ourselves
together a. . corporation under the name
IA MI s' SsN e I'VE z, : 4. b ls,y MkEdAS.
BY virtue u The laws ~ ~ State Of colo
ssidGih +. I'D a.. = s !" I'd s.,A .s' groS,.lss.
make, execute and artne~iedge IN darlirate
this certificate IN writing Of our Intention
20 70 become . body corporate nndar and by
FIRST The corporate name aud s,yt. Of
9ur said .sergorAiioa shAl be TIE ! 5.
SECOND; The objects for which ouf said
company h formed and created are ~ buy.
sell handle and deal ln groceries. tobacco.
generally IL 4 wholesale way ard 10 ron.
due, = general Wholesale grocey and iohblng
any article. product. goods. wares and mer
ehandise thai may. in the judgment u the
board Of directors, be deemed essential
convenient o. desirable In The conduct ~
m and handling said business and providing
the necessary facilities therefor, and 10 give
ihe necessary obligations Of the company
therefor and pledge or mortgage all or amp
part Of the company'H assets aud property
~ security therefor; 20 huy. awn. seaulr-
@ lease such property, real personal and
IN carrying on or handling the business %
me company 70 erect lease purchase or
be necessary Or convenient for the c~arrying
on OF banding Of tho eonpany's business
to buy. own. acquire and hold all. or any
part, Of the capital stack ot other corpora.
tons engaged In the wholesale or retail
Hrucert business ~ may be Or seem Necessary
or advisable in conducting said business, and
same 10 manner a. may be deemed advisable
10 sell or otherwise dispose Of any Of ia
property and in generaI 20 Do any and all
THIRD The capital sioek ef epr said
Thousand Dollars tsi, 800, OO0). 10 be d..
Nlded into fifteen thousand tldiOOo) shares
Of the par value Of One Hundred Dollars
hundred t7.5ool shares shall be common
stock ana seven thousand five hundred
1900 shares shall be preferred stock.
The preferred capital stock shall be pre-.
ferrsd a. 10 assets Of the Company. aud be
entitled 10 cumulative dividends Of seven ptr
cent Per An9um and no more up 70 and
ANsa-H ~ ~ 49, AHN NNtNNNNAtN
shall be entitled 20 cumulative dividends "
siN per cent per annum and no more. All
diNiaends on .aid preferred atock shall be
payable out Of the surplus profits Of the
,onpany before any diyidsnds shall be- paid
upon, Or sot aside for, the common stock,
and the dates u payment Of said preferred
days Of January aud Jrly u each year.
" nsn al dividends upon the preferred stock
Guiding the semi. snnaai instailmeni last due.
then, aud not til then, may dividends be
declared. fet aside for, or paid upon the
-Four HUNDRED Thousand Dollars tsaOo..
ooul par value Of taid preferred stock, aud
Three hundrrd and Ply thousand Dollars
~tSasO,u uul par value uf said common stock.
niay De issued At par BY the board Of diree
tors IN rtturn and payment for property Of
rqual value, real personal or mixed, sold
assigned OF Transferred 10 thv company, II
~ the Judgment u the board Of directors
Of the company such exchange il deemed
proper aud desirable and the discretion aud
Judgment q the directors When 80 exercised
AhAh in the absence Of wilifui malfeasancs.
be conclusive for al purposes, but aside
from said -Four Hundred Thousand Dollars
! ~tssOo,Voo) par value Of said preferred
stock, hs further or additional preferred
stock Of sad company shall be- issued, sold
or exchanged except at par and then only
when the cash or property 10 be received
therefor together with the other property
aud asset. of the company shall equal "a
Naluc double the amount of The par Valur
Ut the preferred ktocs VI the company issued
aud outstanding, Including the additional
| preferred HAnfh tnuh 70 De tHauHN.
In ease u liquidation, dissolution or
winding up, whether voluntary or i%nyuluu.
tary Of the corporation. the holders Of the
preferred stock shall be entitled 90 be- paid
and the unpaid dividends thereon, before
any amount is paid 90 the holders Of com
the remaining assets and funds shall b.
divided between aud paid 60 the holders Of
me common stock according To their r..
apectiye holdings.
The preferred stock shall have no voting
power and the holders thereof shall not b.
entitled TO receive notice Of any m%ertinr'
ferred stock, or those holding d majority
thereof, shall after January 1, 1928. have
the right At oil times 10 name and designat,
three t3l ont Of the seven ca director
constituting the board Of directors OF taid
company. and the huldrrs Of the cummun
stock shall elect the persons 50 designated
ments Of diyidsuds shall have accrued and
remain unpaid on said preferred stock then
siockholdsrs owning and holding a majority
u the preferred stock then outstanding
hail have the gght and privilege to nam'
and the person 80 named and designated b,
said preferred stockholders shall thereupoi
be given a place on said board Of director
~reciors representing and designated by thl
majority 81 the commun stockholders. win.
shall be Designated by q majority ~ sale
four directors for that purpose, shall imme
diriely resign a. a director and said boar
~ directors shall t%hsgsupon I'm the vacancl
no created on said board by the election %
the person 30 named and designated BY sal,
lprsferred stockholders and said director ~
selected or some other person named b.
said preferred stockholders IN his place am
stead. shall continue o. a director Of sai,
company until al accrued and unpaid divi
bends have been fully paid. whertupou th
director So named aud designated hy sal
preferred stockhDldsra shall resign aud o.
tire from the board, and a new director q
be- selected by the directors rrpreatutir
The common stockholders shall be- elected d
bus place and stead. such right on the par
NJ the preferred stockholders 10 name an
designate a fourth director a. afuresai
shall accrue and arise a. often a. uccasi1
therefor shall occur a. Aforesaid by ftHso
~ the non payment Of two consecutive sem.
annual diNidcnds un The preferred stock
All, or any part uf said preferred stoc
may be- retired at any time. At the optic
ct the common sturkholdrrs. a. one Hundrr
and Ten Dollar, emo per share. togrths
with all unpaid accumulated dividends there
on but not otherwise, Notice 81 such Goa
tUiuplatrd redemption aud retirement shA
be given at least thirty days prior theret
By written notice directed and mailed pre-
paid 60 the holder or holders Of the shnr
ur sharrs NJ preferred stock "a 10 BE- O.,
deemed. at the last known postaffcs Addrps
Of such holder ur holders. and after "a
expiration of said time, all dividends upo
SAID share or shares ~ called for rcdemI