Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-09-14

named purposes, to acquire by pur-
chase, lease or otherwise, and to
hold such lands, buildings, tools,
implements and machinery or 9TH
er property as may be necessary or
proper to carry on any of the vari-
Gus kinds of business above set
forth; and, If necessary or proper
for the carrying on Of any of the
said kinds of business, to sell,
mortgage, or lease any Of the
! lands, buildings, tools, implements,
machinery or other property,
owned or acquired by 1t; to apply
for. obtain, register, purchase,
! lease or otherwise acquire, and to
hold, use, own, operate and intro
duce, and to sell, assign or other
wise dispose of any trademarks.
trade-names, patents, inventions,
improvements and processes, used
in connection with or held under
Letters Pa.ent of the United States
or elsewhere, which may be used
in connection with or appertain-
ing to any kind of business herein
before set forth and described; and
to use, exercise, develop, grant
licenses in respect of, or otherwise
to turn to account any such trade
marks, patents, licenses, processes
and the like, or any such property
or rights; to acquire by purchase
or otherwise, and hold and own all
or any part of the assets, rights
and franchises of any person, firm.
association or corporation engaged
IN, ht,e ct, II Il;
kinds of business above set forth:
to purchase and otherwise acquire
and hold shares of stock in other
kindred but not competing private
corporations, whether domestic or
foreign, and to acquire and hold
shares of stock in such other COR
porations as the laws of the State
Of Ohio may permit, and while the
owner of such stock, to exercise all
the rights. powers and privileges
Of ownership, including the right
to vote thereon
Fifth. The total amount of the
capital stock of the said corpora
ton shall be Six Million Dollars
ts6, 900. 000.00) divided into Sixty
Thousand (60.000) Shares of the
par value of One Hundred Dollars
($100.00) each; of the said capital
stock, Thirty Thousand (30,000)
shares, amounting at par to Three
Million Dollars $4,000. 900 00).
shall be common stock. and Thirty
Thousand (30,000) shares, amount
ing at par to Three Million Dollars
($3, 900, 000.00) shall be preferred
stock. The holders and owners Of
the preferred stock shall be en-
titled to receive in each year out
of the surplus net profits Of the
corporation fixed yearly dividend
Of six per centum (6%) on the par
value thereof, payable quarter
yearly on the first days Of July,
October, January and April. before
any dividend shall be set apart or
paid on the common stock: but in
no event shall such dividend on
the preferred stock exceed the rate
of six per centum (6m) per annum
on the par value thereof as afore-
said. The dividends upon the pre-
ferred stock shall be cumulative,
so that IL in or for any year, divi-
dends amounting to six per centum'
$50 shall not be paid on the pre-
ferred stock. the deficiency shall
be n charge upon the net earnings
Of the corporation. and be payable
subsequently before any dividend
shall be set apart or paid upon the
common stock: the amount Of such
annual dividend on the preferred
stock shall in each year be reserved
for such payment before any divi-
dend shall be set apart or paid on
the common stock. And In the
event of the insolvency or dissolu-
ton Of the Company. the holders
of the preferred stock shall be paid
the face value Of their shares out
of the assets Of the Company after
payment Of IT'S debts and liabilities,
in preference to any payments out
Of the same to the holders of other
stock.
The voting power of this Com
pany is lodged in the owners of
the common stock, and the owners
Of the preferred stock shall not be
entitled to vote upon any shares
Of such preferred stock owned by
them ut any meeting Of stockhold-
ers of the Company, held either for
the purpose of electing directors or
for any other purpose whatever
and shall not be entitled to receive
notice of stockholders meetings
In the event. however. that the
corporation shall fail to pay an