The Wrangell sentinel., 1926-10-21
PUBLIC NOTICE


 PANIs a corporation organized
 under the laws of the Territory
 of Alaska with its principal
 place of business at the City of
 NrangeII. Alaska.
 TAKE NOTICE That a special Meeting of the Stockholders of the Wrangell Lumber & Power Com pany. a corporation, will be held at it's principal place Of business, in the City of WrangeLi on the 10th day of November, 1926, at Il 1 clock in the forenoon of that day, l pursuant to a Resolution oI the Board of Directors. of the said Cor l poration passed by said Board at the offices thereof at Wrangens 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 fol- lows
 I. To vote upon and determine whether they will reseind and re- | peal the Resolutions and Acts of the Board of Directors. authoriz- ] ed by the stockholders whereby | on February II. 1925. the Com pany authorized the issuance Of l Series A of it's Bonds in the az gregate value Of Seyeuty-five Thou sand (S75.000.oo) Dollars to be secured by First Mortgage and Deed of Trust upon the Assets of the l Company. and that no further ac- ! ton be taken to issue and sell the said bonds. as therein authorized | by the stockholders.
 ,. To vote upon and determine ] -H,. sas II | thorize an amendment to the Arti- ! eles of Incorporation and it's By l Laws so as to la@ authorize the in- | crease Of it's Common Stock in the additional amount of One Hundred | Thousand ($100. .000.0o) Dollars, so as to make the total amount Of i the Common Stock authorized One | Hundred and Fifty Thousand | (S150, 0,000.00) Dollars, being 1900 shares Of Common Stock of the par value of One Hundred ($100.0O) | Dollars per share; (b) authorizing and issuing an increase of the stock of the Company in the ad- ditional sum of Seventy-Fiye Thou sand QS75,O00.00) 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 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; land (c1 that dividends at the rate of eight (S) 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 l8) 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 (e) the Preferred Stock shall have lprior claim over the Common Stock 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) lall Preferred Stock shall be sub iect to call and redemption. at the option of the Company at any time after three ca years. from the date of it's issuance. upon the pay ment therefore at One Hundred and Two (S102.00) Dollars per share, and all accumulated interest then due: and fg) 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 leight (6) per cent per annum.
 g. To vote and determine wheth- CT the Stockholders will authorize land 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 10 the present holders of an equal amount from the new Common Stock issue as voted on in the last foregoing submission.
 | 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 labOye and foregoing objects and to 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 ae- leomplish said purposes.
 ,. To elect new Board of Di sectors and other offices of the sonfpany according to the Articles of Incorporation and Bylaws for 1 ho nns11incr form