The Coconino sun., 1926-05-07
SOUTHERN CALIFORNIA EDISON
COMPANY


Notice is hereby given that Article
Sixth of the Articles of Incorporation
of SOUTHERN CALIFORNIA EDI-
SON COMPANY, a corporation 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 L,
1926, and that said Article Sixth now
reads as follows, to-wit:
Sixth: The amount of the capital
stock of the corporation is Two Hun
dred and Fifty Million Dollars $780,
O00,000), divided into ten million CO.
00O,000) shares of the par value of
Twenty-Five Dollars ($25) each; of
such total capital stock one hundred
and sixty thousand 160,000l shares,
amounting to Four Million Dollars
S4,OO0,0O0) par value, are and shall
be Original Preferred stock; four mill
lion eight hundred and forty thousand
(4YS40,000) of such shares, amounting
to One Hundred and Twenty-one Mil
lion Dollars (S121 ,000,000) par value,
are and shall be Preferred stock; and
five million (5,e00,00O) 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 (5a6) per annum. The
dividends on the Original Preferred
stock shall be cumulative, and shall
be payable before any dividends on
the Preferred stock, or on the Com
mon stock, shall be paid or set apart,
so that if in any year dividends
amounting to five per centum (5ad)
shall not have been paid thereon, the
deficiency shall be payable before any
dividends shall be paid upon, or set
apart for, tie Preferred stock, or the
Common stock The holders of 0ri-
ginal Preferred stock of the par value
of One Hundred Dollars ($100) per
share 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
($100D 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 (1,200O00) shares; Series
B, two million (2,O0O,000) shares;
Series C, eight hundred thousand
(S00000) shares; Series D, eight
hundred and forty thousand (840,000)
shares. Whenever all cumulative
dividends on the Original Preferred
stock for all 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, after the payment of the culnu-
lative dividends upon the Original
Preferred stock, yearly dividends at
the following rates: holders of Pre-
ferred stock, Series A, seven per CEN
tum (7eo)and no more; holders of Pre-
ferred stock, Series B, six per centum
(6To) and no more; holders of Pre-
ferred stock, Series C, five and one
half per centum (51aao) and no more;
holders of Preferred stock Series ID,
five per centum (5@6) 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-
dends 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 (7@o)
on Preferred stock, Series A, six per
centum (69o) on Preferred stock,
Series B, five and one-haf per centum
(512%) On Preferred stock, Series G,
and five per centum $50 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 ORR
ginal Preferred Stocl. 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 shall, as to any
Series of Preferred stock, be greater
than five per centum (5qe), and such
right of participation shall be cumu-
lative. The holders Of Preferred