Williams news., 1921-04-15
CERTIFICATE OF INCOR-
 PORATION


 all lawful businesses which may be necessary or convenient II carrying on the business of thi: corporation, and to do any anc everything incidental to, grow ing out of, or germane to, any of the foregoing purposes o1 objects, and to have and eXer- else all the powers conferred
 by the laws of the State of Del
 aware upon corporations form
 ed under the Act hereinafter
 referred to and all Acts amend
 atory thereof and supplement
 tai thereto, it being expressly
 provided that the foregoing
 clauses shall be construed both
 as objects and powers and shall
 be in furtherance and not in
 limitation of the powers con-
 ferred by the laws of Delaware,
 and that the foregoing enumer-
 ation of specific powers shall
 not be held to alter or restrict
 in any manner the general
 powers of this corporation.
 FOURTH: The amount of
 the total authorized capital
 stock of the corporation is Five
 Thousand (5,OOO) shares of
 Preferred Stock of the par val
 ue of One Hundred Dollars
 (S1OO) each, and Five Thous-
 and (5,OOO) shares of Common Stock without nominal or par
 value.
 The Preferred Stock shall
 have and enjoy the following
 preferences and be subject to the following limitations: (a) In each quarter year after and commencing with January 1. 1921, the Preferred Stock shall be entitled to a dividend at the rate of seven CD per cent. per annum on the par value there of, when and as the board of di- rectors shall declare the same, and such dividend shall be cum ulative and shall not bear in terest, and no dividend shall be declared and paid upon Com mon Stock until all quarterly installments of dividends upon the Preferred Stock, including and unpaid divi- dends, if any, shall have been paid or provided for; (b) In case of the dissolution of the corporation. or the winding up of it's business and affairs, whether voluntary or involun- tary, the holders of the Prefer red Stock shall be entitled to be paid in full the par value of l their shares plus an amount in 1 cash equal to interest at the | rate of seven CD per cent. per thereon computed from January 1, 1921 Qess the divi- dends, if any, heretofore de- clared and paid upon said stock), before any amount shall be paid to the holders of the Common Stock, and after such payment is made the re maining assets and funds, if any, shall be paid pro rato to he holders of Common Stock; (c) The Preferred Stock shall in no event be entitled toI divi- dends in excess of seven (7) per cent. per annum upon the par value thereof; (d) The The Preferred Stock shall be in whole or in part (and if in part, then by lot in such manner as the board of directors of the corpoation shall deem proper) on thirty (3O) days previous written mo- ice at any time after it's issu- ance, at par plus the equiva- ent of accumulated and unpaid dividends, if any, computed to he date of redemption; Gel The Preferred Stock shall have -ulI voting power.
 The amount of stock with which the corporation will com hence business is twenty (2O) E shares of Common Stock. Such referred and Common Stock 'r either of them may be issued | oy the corpora ton from time % time for such consideration IS may be fixed by it's board of directors.
 FIFTH: The names and res dences of each subscriber to he capital stock of the corpor- ltlon, and the number of shares u ubscrlbed for by each, are as ollows: