The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1921-06-25
NOTICE OF STOCK
HOLDERS SPECIAL
MEETING

''@i4.m
Notice is hereby given that 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 29th day
of June. 1921, at o'clock p. m. 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 Milk Products Company.
2. 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 1t shall read as follows:
ARTICLE SIX
That the amount and limit OF the
capital stock of said corporation shall
be and is $1,000. 100000, 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 frs
preferred stock. The holders of tbs
preferred stock shall be entitled e
receive out of the net profits or sur
plus of the company, when and al
declared. cumulative dividends at the
rate of eight per cent per annum
! and no more, payable quarterly oil
the first day of January, April, Jul!
and October in each year, before an!
dividend shall be set aside or pat
Ii pom the common stock. The diyi
, dends on the preferred stock shat
be cumulative so that If the compan,
,hall fail to declare and pay an
Quarterly dividend at the rate o
eight per cent per annum, the def
ciency shall be payable before an
dividend shall be declared. paid o
SET apart for the common stock. TIL
first dividend on any preferred stoc
issued prior to September is, 1927
shall be payable October LIST, 1921
. for the period OF three months, at tn
= rate of twenty cents per share. n
dividends shall at any time be pa!
able, paid OF set apart on the con
i mon stock until all accrued DIVIDEND
i shall have been declared and pal
D or set apart on all issued and on
e standing preferred stock and unit
a the surplus and net profits of II
d company applicable TO the paymer
y of dividends on said preferred stoc
shall be equal to the amount require
It to pay the dividends on said preferre
l. stock for the FURTHER period of or
p full year after the withdrawal OF an
e sum proposed to be paid as a div
a dend on the common stock. Said pr,
It ferred stock shall, in the event {
e the dissolution, liquidation or wint
If ing up of the company, whether vo
a untary or involuntary, be paid Il
" null par value. together with the fu
l. amount of any unpaid and accrued
81 yidends thereon, before any sum sha
D be paid or distributed or any asse
st applied upon the common stock; b'
A the said preferred stock shall not
II entitled to receive out OF the su
81 plus earnings or profits of the cor
Q pany any excess OF said cumulati'
70 dividends over the rate of eight D.
a cent 70 per duhuul, lOI sudll Sd
a preferred stock be entitled to sha
r in any distribution Of the assets
the company after there shall ha'
r been paid thereon :ha fan amour
10 of the par value thereof. tOGcth'
ls with all accrued and unpaid din
dends thereon, except in the case
liquidation. dissolution or winding |
y. which Is partially or wholly the T
. suit Of voluntary action on the pa
:, of tho holders Of a majority or mo
" OF the common stock, there shall q
so be paid to the holders of said pr
,r ferred stock the further sum of Oh
IN Dollar per share before any sum shi
q. be paid or distributed or any asse
nj applied upon the common stock II
IN holders OF said preferred stock sh;
nj be entitled TO subscribe for any a
as ditional or increased preferred cal
d tai stock of the company which m
y at any time be issued. pro rata wi
he the common stockholders. but shi
es not be Quilted to subscribe for a
IN common capital stock which may
n, any time be issued
nd That the company may redeem sa
O. shares OF preferred stock or any pa
9 thereof on any dividend payment ds
ed by paving In cash therefore the 81