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

1 under the laws or the territory
 of Alaska with it's principal place Of business at the City Of Wrangell Alaska.
 TAKE NOTICE: That a special Meeting Of the Stockholders Of the l WraugeIl Lumber ts Power Com- pany. a corporation, will be held at
 it's principal place of business. in l the City of Wrangens on the 18th day of November, 1926, at Il o'clock in the forenoon of that day pursuant to a Resolution Of the Board of Directors Of the said Cor poration passed by said Board at the offices thereof at Nrangell, AL
 aska. on the 13th day ot Septem-
 Der. 1926
 That the business to be trans
 acted a. the said meeting of the
 said stockholders will be as fol- lows:
 1. To vote upon and determine whether they will reseind and re- peal the Resolutions and Acts of l the Board of Directors. authoriz-
 ed by the stockholders whereby on February II, 1925. the Com pany authorized the issuance of Series "A of it's Bonds in the az gregate value of SeYenty-fiye Thou
 sand l$75.000.00) Dollars to be
 secured by First Mortgage and Deed
 of Trust upon the Assets of the Company. and that no further ace 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-
 cles of Incorporation and it's 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 to make the total amount of | the Common Stock authorized One | Hundred and Fifty Thousand 1 ls150, 0,0O0.00) Dollars, being 1500 shares of Common Stock of the | par value of One Hundred l$100.00) | Dollars per share; lb) authorizing and issuing an increase of the stock of the Company in the ad ditional sum of Seyenty-FiYe Thou sand (S75,000.00) Dollars and represented by 750 shares of the par value of One Hundred ($100.00) Dollars per share; and provide that said preferred stock shall l be paid dividends out of the surplus profits Of the Company's business at the rate of eight (8) 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 Co that dividends at the rate of eight (8) 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
 
 in the assets of the Company in the event of liquidation and before the Common Stock shall partici- 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 41 aF n option of the Company, at any time after three (3) years, from the date of it's issuance, upon the pay and Two ($102.00) Dollars per then due; and (g1 the Preferred at Stockholder meetings of the profits beyond it's fixed, preferen- tial cumulative, annual dividend of eight (8) per cent per annum.
 8. 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 a hove and forapoiDp ohieets and fO carry out the same by proper ac- ton of it's stockholders and off eials 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 of Incorporation and Bylaws for the ensuing term.
 Signed and dated at Wrangell, Alaska, in pursuance to a Resolu-