The Coconino sun., 1926-05-14
SOUTHERN CALIFORNIA EDISON
COMPANY

kSON 0Om1 AN i Il CoIpOFdIlOu or
ganized and existing under and by
virtue of the laws of the State of
California, has been amended That
said amendment to the Articles of In
corporation became effective April /,
1926, and that said Article Sixth now
reads IS follows, to-wit:
Sixth: The amount of the capital
stock of the corporation is Two Hun
dred and Fifty Million Dollars ($250,-
000, ,000), divided into ten million (10,
000,000) shares of the par value of
Twenty-Five Dollars ($25) each; of
such total capital stock one hundred
and sixty thousand (160,000) shares,
amounting to Four Million Dollars
($4,000,000) par value, are and shall
be Original Preferred stock; four mil
lion eight hundred and forty thousand
(4,SA0,000) of such shares, amounting
to One Hundred and Twenty-one Mil
lion Dollars ($121,000,00 par value,
are and shall be Preferred stock; and
five million (5,000,000) of such
shares, amounting to One Hundred
and Twenty-Five Million Dollars
($125, ,000,000) par value, are and shall
be Common stock, to which no prefer
ence is granted.
The holders of the Original Prefer
red stock shall be entitled to receive,
when and as declared from the sur
plus or net profits of the corporation,
yearly dividends at the rate of five
per centum (596) per annum. The
dividends on the Original Preferred
stock shall be cumulative, and shall
l. L I'll ,l-
the Preferred stock, or on the Conn
mon stock, shall be paid or set apart,
so that if in any year dividends
amounting to five per centum (5@o)
shall not have been paid thereon, the
deficiency shall be payable before any
dividends shall be paid upon, or set
anart for, the Preferred stock, or the
Common stock. The holders of ORR
ginal Preferred stock Of the par value
Of One Hundred Dollars, ($100) per
snare under Articles of Incorporation
of this corporation heretofore in eff
feet, shall be entitled to Original Pre-
ferred stock Of the par value of
Twenty-Five Dollars ($25) per share
at the rate of four shares of such
Original Preferred stock for each
share Of Original Preferred stock of
the par value of One Hundred Dollars
(S100t per share held by them.
The Preferred stock shall be divided
into four classes, as follows: Series A,
formerly designated simply Prefer
red" stock, one million two hundred
thousand 1,200,000) shares; Series
3, two million (2,000,000) shares;
Series C, eight hundred thousand
{800,G00) shares; Series d, eight
hundred and forty thousand (840,000)
shares. Whenever all cumulative
dividends on the Original Preferred
stock for Ell previous years shall have
been paid, The holders of the Preferred
stock shall be entitled to receive, when
and as declared from the remaining
surplus or net profits of the corpora
ton, af5er the payment of the cumu-
latiye dividends upon the Original
Preferred stock, yearly dividends at
the following rates: holders of Pre-
felred stock, Series A, seven per cen-
tum(7ae land no more; holders of Pre-
foIred stock, Series B, six per centum
(Gg6) and no more; holders of Pre-
ferred stock, Series C, five and one
half per. .centum (512 CO. and no more;
holders Of Preferred stock, Series d,
five per centum (5@o) and no more.
Except as to dividend rate, no dis
tinction or preference shall exist
among said four series of Preferred
stock or the owners thereof. The divi-
dentls on the Preferred stock shall
also be cumulative, and shall be pay
able before any dividends on the COM
mon stock shall be paid or set apart,
so that if in any year dividends
amounting to seven per centum (79o)
on Preferred stock, Series A, six per
centum 900 on Preferred stock,
Series B, five and one-half per centum
(51a@o) on Preferred stock, Series G,
and five per centum (5@o) on Prefer
red stock, Series D., shall not have
been paid, the deficiency shall be pay
able before any dividends shall be
paid upon or set apart for the Com
mon stock. The holders of the Ori-
ginal Preferred stock shall be entitled
to participate in any distribution of
surplus or net profits to the holders
Of the Preferred stock to the extent
that such distribution shalI as to any
Series of Preferred stock, be greater
than five per centum (59o), and such
right of participation shall be eumu-
lative The holders of Preferred
stock, Series A, of the par value of
One Hundred Dollars ($100) per
share undor Articles of Incorporation
of this corporation heretofore in eff
feet, shall be entitred to Preferred
stock, Series A, of the par value of
twenty-five Dollars ($25) per share
at the rate of four shares of such
Preferred stock, Series A, for each
share of Preferred stock, Series A, of
the par value of One Hundred Dollars
($10O) per share held by them. The
holders of Preferred stock, Series B.,
of the par value of One Hundred Del
lars ($100) per share under Articles
of Incorporation Of this corporation
heretofore in effect, shall be entitled
to Preferred stock, Series B, of the
par value of Twenty-Five Dollars
($25) per share at the rate of four
shares Of such Preferred stock, Series
B, for each share of Preferred stock,
Series B, of the par value of One
Hundred Dollars (S100) per share held
by them. The holders of Preferred
stock, Series G, of the par value Of
One Hundred Dollars ($100) per share
under Articles of Incorporation of this
- Il. III