Arizona republican., 1921-05-25
Legal Aduertisine
LEGAL NOTICES '-AENDED ARTICLES OF INCOR- FORATION OF SOUTHERN . CALIFORNIA EDISON
 COMPANY

resident. and R H. Ballard. who is the Secretary of Southern California Edison Company. a corporation duly oNSnszed and existing under and by virtue of the laws of the State of Cal atornia. and of said company's Board or Directors. do hereby certify that said Southern California Edison Company by the written assent of its stockho'ders representing more than two thirds of its subscribed capital stock. and by a majority vote of it's Beard of Directors at meeting of kaid Board which was duly called and held on the 18th day of Septem- Der. ls1s. amended it's Articles of 1n- corporation by amending Article 6 thereof; that annexed hereto and marked Exhibit A" is a full. true and correct copy of said Articles of h. corporation of said Southern Califor- mia Edison Company as thus amended
 That there was presented to the Board of Directors of said Southern California Edison Company at its said meeting held on the 18th day of Sep temher. 1916 the written assent of the holders of more than two-thirds of an of the issued and all of the subscribed capital stock of said cor poratiou assenting to the amending or the articles of incorporation of said corporation. which written assent texcepting the signatures thereto) was and is in the words and figures following. to-wit:
 SOUTHERN CALIFORNIA EDISON
 COMPANY
 ASSENT OF STOCKHOLDERS TO
 AMEDMENT OF ARTICLES
 OF INCORPORATION
 KNOW ALL MEN BY THESE PRESENTS:
 That we. the undersigned. holders of capital stock of Southern Califor- mia Edison Company, corporation duly organized and existing under the laws of the State of California, do hereby assent to the amending of the Articles of Incorporation of said cor poration by amending Article num- hered sixth" of said Ar icies of In corporation. so that said Article mum hered Sixth" as amended shall read as follows:
 -SIxTH: The amount of the cap ital stock of the corporation is One Hundred Million Dollars Glo0, 000.- ooe). divided into One Million Q,- GOO e0c) shares of the par value of One Hundred Dollars (s100) each; of such total capital stock forty thou sand t4o.0o0) shares, amounting to Four Million Dollars ($4.000.000) par value are and shall be First Preferred stock: one hundred twenty-five thou sand fle5.oooo of said shares, amount ing to Twelve Million Five Hundred Thousand Dollars t$12,500, 00o) par value. are and shall be Second Pre- ferred stock: and eight hundred thir- ty-five thousand tS35.000) of said shares. amounting to Eighty-three Million Five Hundred Thousand Dol lars. tss3, 500. .0oo) par value, are and shall be Common stock.
 ~The holders of the First Preferred stock shall be entitled to receive when as declared from the surplus or net profits of the corporation year. " dividends at the rate of five per centum (5ec) per annum- The divi- dends on the First Preferred stock shall be cumulative, and shall be pay able before any dividends on the Second Preferred stock or the Com mon stock shall be paid or set apart so that if in any year dividends amounting to five per centum l5Go) shall not have been paid thereon. the deficiency shall be payable before any dividends shall be paid upon or set i apart for the Second Preferred or Common stock. Whenever all cumu- lative dividends on the First Pre- ferred stock for all previous years shall have been paid. the holders oi the Second Preferred stock shall be entitled to receive when and as de- clared from the remaining surplus ol net profits of the corporation, aftel the payment of the cumulative diyi- dends upon the First Preferred stock yearly dividends at the rate of f1v' per centum f5cs) per annum and n' more The dividends on the Second Preferred stock shall also be cumu lative. and shall be payable befor' any dividends on the Common stocl shall be paid or set apart, so that in any year dividends amounting t five per centum t5eo) shall not hay been paid on said Second Preferre' stock, the deficiency shall be payabl before any dividends shall be pail upon or set apart for the Commo stock Whenever all cumulative divi dends on the Preferred stock, bot First Preferred and Second Preferred for all previous years shall have bee paid, the Board of Directors may de clare dividends on the Common stoc payable out of any remaining surplu or net profits up to five per centul (5[) per annum. The remainder ( any surplus or net profits shall the be applicable to the payment of fun ther dividends equally per share upo the First Preferred and Commo stock.
 Tn the event of any liquidatio dissolution or winding up, whethe voluntary CT involuntary. of the col porafion. the holders of the Fir Preferred stock shall share equal and be entitled to be paid in full, bo1 the par amount of their shares ar the unpaid accrued dividends ther' on before any amount shall be pa 10 the holders of the Second Pr ferred stock. and after the payme in full of all unpaid dividends a crUed upon and the par value of Il First Preferred stock, then the hol CTS of the Second Preferred sto' shall share equally and be entitled
 be paid in full. both the par amou of their shares and the unpaid div dends accrued thereon before al amount shall be paid to the holders
 the Common stock, and after t payment in the order aforesaid to |
 holders of all the First Preferr stock and the Second Preferred stoC of it's par value, and all of the unpa or accrued dividenos thereon, the T maining assets and funds shall
 divided and paid to the holders of common stock equally and prora according to their respective shai up to the full par value thereof;
 thereafter assets remain, the sal shall be distributed ratably to { holders of the First Preferred sto and the Common stock.
 .-'Tbe Company shall have the C Ia ion of retiring the Second Prefer Astock in whole or in part rataoly ~9 brouortion to the respective holdlr of the stockholders upon vote of
 Board of Directors of the Compa
 at any time, from time to time,
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