New Britain herald., 1929-01-18
R0WE.DAWS VOTES
 CAPITAL INCREASE
Stock to Be Increased From
 $tM,@ to AW,M
OFFICERS ARE REELECTED
Peter Gallagher Walks Into Police Headquarters and is Escorted to CellroOm-Ice Handicaps Traffic But Makes Coasting Better.

At a meeting of the stockholders of the Rowe-Davis Investment Co.,, Inc. held last evening, it was voted to increase the capital stock of the organization from s120,000 to S400,- 900, to be divided into twelve thous- and shares of no par value, to be known as A common stock; eight thousand shares of the par value of $o5 each. to be known as B. common stock: and eight thousand shares of the par value of $25 each, to be known as preferred stock: and that the preferred and B common stock shall have the same status, rights and privileges as the original issue of stocks. The provisions con- tained in the certificate of incorpora- ton having to do with the payment of dividends on the A common stock were amended 50 as to pro- vide for dividends at the rate of BOG share on said class of stock be- fore equal participation with the B common stock on extra dividends and that the present issue of A com- mon stock of the par value of s . share be retired and that the regis- of stock, upon surrender to the cor poration Of their certificate repre- senting same. shall be entitled to a new certificate of A common no par value stock for twice the number of shares which they held of the old S5 par value stock.
 It was also voted at the meeting that the stockholders of record at 10 o'clock on the morning of Janu- ary IF. 1929 be given the right to for any additional amount of the capital stock of the corpora tion according to the ratio of their hldings on said date of the various classes of stock. the subscription price to be $25 share for the pre- ferred stock, s25 a share for the B stock, and $5 a share for the A common stock. The right of such stockholders to subscribe for said additional stock shall expire at 10 o'clock on the morning of Feb ruary IS, after which it will be sold to the public. Subscriptions are now being received from the public on a If all when issued" basis
 The concern was incorporated a little over year ago and has met with remarkable success The prin- cipal business is dealing in second mortgages on real estate in Bristol Forestville, Plainville and Terry vile.
 All Directors Reelected
 All of the directors of the com- pany were reelected by the stock holders as follows: Oscar Anderson. D, W. Beach, Raymond w. Cook, Thomas Davis. William DeRosier F.. H. DeRosier. F. H. Elton. w. E. togg, George g. Funk, D. H. Hall, Martin Loughlin. A. A. Macleod kolfe F. Rowe, w. Fl. Rowe. c. C. stevens. Charles l.. Wooding.
 Officers Also Reelected
 At a subsequent meeting of the directors. the following officers were 'eelected: Chairman of the board, 'harles L. Wooding; president, Thomas Davis; vice president. Mar | in Loughlin; vice president. w. E. 'ogg; treasurer. Rolfe F.. Rowe; sec 'etary. William N DeRosier: as- istant treasurer. l.. M Carlson. Walks In Police StatiOn-Arrcstcd
 Peter Gallagher who made his ! ninth appearance in police court this i morning on a charge of drunkenness. | vas given until 1 p. m. today to leave he city by Judge Joseph M Dono- an with the advice never 10 return.
 Gallagher walked into the police