The Wrangell sentinel., 1926-10-28
PUBLIC NOTICE

To the Stockholders of the WRAN-
 CELL LUMBER & POWER CON-
 PANYs a corporation organized
 under the laws of the Territory
 of Alaska with it's principal place Of business at the City of Wrangells Alaska.
 TAKE NOTICE That a special
 Meeting of the Stockholders Of the Wrangell Lumber < Power Com- pany, a corporation, will be held at is principal place Of business. in
 the City of Wrangen, on the 10th day of November, 1926, at IL o'clock in the forenoon of that day, pursuant to Resolution Of the 1 Board of Directors of the said Cor poration passed by said Board at
 the offices thereof at Wrangell, 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:
 1. To vote upon and determine whether they will rescind and re- l peal the Resolutions and Acts of the Board Of Directors, authoriz- ed by the stockholders whereby l on February Il, 1925. the Com pany authorized the issuance Of
 Series Al of it's Bonds in the az gregate value Of SeYenty-five Thou
 sand (S75.000.0o) Dollars to be secured by First Mortgage and Deed of Trust upon the Assets of the Company, and that no further ac- | ton be taken to issue and sell the said bonds. as therein authorized l 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 its Common Stock in the additional amount of One Hundred Thousand (s100. 100000 Dollars.
 so as 10 make the total amount Of
 the Common Stock authorized One Hundred and Fifty Thousand | lS150.000.00) Dollars, being 1500 shares of Common Stock of the par value of One Hundred ls100.00) | 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 lS75. 5.00o.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 (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 (c) 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
 
 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 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 ject to call and redemption, at the option of the Company, at any time after three l3) years. from the date of it's issuance upon the pay ment therefore at One Hundred and Two (s1O2.00) 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 l8) 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 Co 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-