The Wrangell sentinel., 1926-11-04
PUBLIC NOTICE


 PANY, 3 corporation organized
 under the laws of the Territory
 of Alaska with its principal
 place of business at the City of
 Wrangell. Alaska.
 TAKE NOTICE. That a special Meeting of the Stockholders Of the Wrangea Lumber < Power Com pany. a corporation, will be held at its principal place of business, in the City Of Wrangell, on the 10th day of November, 1926, at Il o'clock in the forenoon of that day, pursuant to q Resolution of the Board Of Directors of the said Cor poration passed by said Board at the offices thereof at Wrangeils Al aska. on the 18th day of Septem- Der, 1926.
 That the business to be trans acted at the said meeting of the said stockholders will be as tol- lows
 1. To vote upon and determine whether they will rescind and re- peal the Resolutions and Acts of the Board of Directors. authoriz- cd by the stockholders whereby on February II, 1925. the Com pauy authorized the issuance of Series "A. of it's Bonds in the az gregate value of SeYenty-fiYe Thou sand lS75.000.00) Dollars to be secured by First Mortgage and Deed of Trust upon the Assets of the Company and that no further ae- ton be taken to issue and sell the said bonds as therein authorized by the stockholders.
 2 To vote upon and determine whether the stockholders will au- thorize an amendment to the Arti- eles of Incorporation and its By Laws so as to (a) authorize the in crease of it's Common Stock in the additional amount of One Hundred Thousand (s100.000.00) Dollars, so as 10 make the total amount of the Common Stock authorized One Hundred and Fifty Thousand 1$150, 100000 Dollars, being 1500 shares of Common Stock of the par value of One Hundred (S100.00) Dollars per sharei (b) authorizing and issuing an increase of the stock of the Company in the ad- ditional sum of Seventy-Five Thou sand ($75,000.00) Dollars and represented by 750 shares of the par value Of One Hundred lS100.00) Dollars per share; and provide that said preferred stock shall be paid dividends out of the surplus profits of the Company's business at the rate of eight (S) per cent per annum, before any dividends are paid the Common Stock: and that any remaining surplus of profits for the year the Common Stock may then be paid dividends; and (cl that dividends at the rate of eight lS) per cent per annum upon the Preferred Stock shall be cumulative, that is to say, that no dividends may be declared or paid upon the Common Stock until all dividends previously due and un- paid to the Preferred Stock and to owners at the rate of eight (8) per cent per annum shall have first been paid in full; and (d) should the net profits in any one year be insufficient to pay said Preferred Dividends, either in whole or in part any unpaid portion thereof shall become a charge against the net profits of the Company and shall be paid out in full of said net profits before any dividends is paid upon the Common Stock; and Gel the Preferred Stock shall have a prior claim over the Common Stock in the assets of the Company in the event of liquidation and before the Common Stock shall partiei- pate in any distribution of assets the Preferred Stock shall be first paid, as on call, in full together with all dividends due and unpaid at the date of payment; and (f) all Preferred Stock shall be sub jeet to call and redemption, at the option of the Company, at any time after three (3) years, from the date of it's issuance, upon the pay ment therefore at One Hundred and Two ($102.00) Dollars per share, and all accumulated interest then due; and (g) the Preferred Stock shall not be entitled to vote at Stockholder meetings of the Company; nor to participate in profits beyond it's fixed, preferen- tial cumulative, annual dividend of eight (S) per cent per annum.
 3. To vote and determine wheth- CT the Stockholders will authorize and approve the issuance of a stock dividend to the present Common Stockholders in an amount equal to their present Common Stock holdings to be paid by the issuance to the present holders of an equal amount from the new Common Stock issue as voted on in the last foregoing submission.
 4 To vote upon and determine whether the Company shall take such action as is necessary to amend it's Articles of Incorporation and Bylaws so as to authorize the above and foregoing objects and to carry out the same by proper ac- tion of it's stockholders and off cials at the earliest, and do all acts and other things necessary to ac- complish said purposes.
 5. To elect new Board of Di- rectors and other offices of the Company according to the Articles