The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1921-06-28

two members 80 elected by the pre-
ferred stockholders. After the pay
ment of all arrearages of dividends
the exclusive voting power shall be.
returned to the holders OF the com4
mon stock; and new directors in lieu
of the directors elected by the holders
of said preferred stock may be elect
ed by such common stockholders at
meeting which shall be called BY
the officers OF the company or the.
holders of at least Ten Thousand
Dollars par value OF said common
stock and upon twenty-one days no
tice thereof to the stockholders by
the officers OF the company OF said
common stockholders.
That no other or additional stock
having equality with or preference on.
priority over the $500. 100000 par
value of said preferred stock, either
as to payment of dividends or dis
Itribution of assets or in any other re-
spect shall be issued without the con-
Isent given in writing or at a meet
ing of at least seventy-five per cent
in amount of the eight per cent cum
ulative preferred stock then out
standing exclusive OF any amounts
acquired by the company or held for
retirement) and unless the average
net earnings of the company apple
able to the payment OF dividends for
| the three fiscal years preceding the
date of the proposed issuance of such
other or additional stock shall have
lbeen az least three times the amount
lrequired to pay the dividends upon
the said preferred stock then out
standing and upon the other or addi-
tional stock then proposed to be is
lsued
From time to time the preferred
land common stock may be issued in
Isuch amounts and proportions as
shall be determined by the board OF
directors and as may be permitted by
the law.
| 4. To amend Article Eight by sd-
lding to the said article. as IL now
Islands. the following provision:
lettings OF the directors may be
held, for the transaction OF any busl-
lness OF the corporation, at such place
outside OF the. state or elsewhere
within the state, than at lts prinei-
pal Office. as the directors may, BY
resolution or. bylaw. provide.
The board OF directors shall have
power by resolution passed by ma
Jority vote OF the whole board, TO
ldes enats not less than three no"
more than five Of their number To
constitute an Executive Committee.
(which committee shall for the time
Ibeing, as provided In said resolution,
t'or in the bylaws. have and exercise
all the powers OF the board of dlrec-
tors which may be lawfully delegated
In the management OF the business
land affairs OF the company and shall
have power 10 authorize the seal OF
the company to be affixed 10 all pa
pers which may require Il.
5. TO amend Article Nine so as
TO provide that the annual meetings
Of the stockholders shall be held at
Logan, Cache County, Utah, provided
that the board of directors at any
time before the notice OF the meet
ing has been issued, may designate
and appoint for any such meeting
such other place in the state of Utah
as may be deemed convenient for the
stockholders; and further to amend
said article so as to provide that spe-
clal meetings OF the stockholders may
be held ut any place within the state
OF Utah deemed convenient for the
stockholders.
And to transact all such other
business as properly pertains TO and
is connected with such proposed
amendments.
| June 4. 1921
A, II. THOMPSON. Secretary.
UTAH CONDENSED MILK COM
PANY
First publication June Z, 1921.
Last publication JUne 2S, 1921
AaV-6-2s