The Coolidge examiner., 1943-04-23
AMENDED ARTICLES
OF
THE GIIOOEN COMPANY


bpts these amended Articles TO
,ersede and take the place OF
existing Articles and for such
pose certifies as follows:
FIRST: The name OF said cor
alton shall be THE GLIDDEN
MPANY.
SECOND. The place In Ohio
ere SIS principal office Is locat-
IS Cleveland. Cuyahoga County.
THIRD: The purpose or pur-
ses for which ii IS formed are:
Manufacturing. buying and sell
paints. varnishes. lacquers.
sers. japans. chemicals and all
led products. manufacturing. re-
ing. buying and selling oils, sol
ats and all allied products used
connection with the manufac-
e OF paints. varnishes. lacquers,
sers. japans and chemicals.
Mining. milling. concentrating.
averting. smelling. refining.
nufacturing. fabricating. buying,
ling and otherwise producing
I dealing in zinc. lead. copper.
and all kinds OF ores. metals,
nerals and pigments and the
pducts and by-products thereof
every kind and description and
whatsoever process same can
or may hereafter be produced.
Manufacturing. producing. buy
and selling food and cereal
lducts and materials OF all class
and description; manufacturing.
ming selling. buying and deal
In vegetable oils. vegetable
s.. animal oils. animal fats and
ler food ingredients. and inn
rtinE and exporting food prod
ts
Manufacturing. purchasing or
lerwise acquiring goods. wares.
'rchandise and property Of every
ss and description. and 10 hold.
n. sell or otherwise dispose OF.
de. deal in and deal with the
ne. and in general TO acquire
IN properties. real. personal and
xed. and 10 do and perform such
= and things as may be neces-
" or Incident 10 the carrying
OF the foregoing purposes.
FOURTH: Section l. The max
um number OF shares which the
rporation Is authorized 10 have
tstandinE is one million two hun
"a thousand (1.200.00Ol. which
all be classified and shall bear
signaiions as follows:
(a) Two hundred thousand
lo.000l shares Of the par value OF
nv Dollars (S50-00l each shall
Convertible Preferred stock:
4
or One million nOO0.oOO)
ares without par value shall be
mmon Stock.
Section 3 The terms and pro
sions OF the Convertible Prefer
4 Stock are as follows:
On DIVIDENDS ON CON
sRTIBLE PREFERRED STOCK.
se holders OF the Convertible
eferred Stock shall be entitled
receive cumulative cash divi-
nds thereon when and as de-
lred by the Board OF Directors
Of the surplus profits OF the
mpany at the rate OF four and
e-half per centum (4Lec) per
mum payable quarter-yearly on
first DAYS OF January. April.
ly and October In each year. and
more. Such dividends shall be
mulative from and after July /.
IS. so that II thereafter such
-idends for any past quarter
arly dividend period shall not
We been paid on the Convertible
eferred Stock. or funds for the
yment thereof set apart. and the
-idends for the then current
arteryearly period shall not
We been declared and funds for
payment thereof set apart. the
ficiency shall be fully paid or
ads for the payment thereof set
art. but without interest. before
V dividends shall be paid or set
art for the Common Stock.
(2) DIVIDENDS ON JUNIOR
'OCK. Whenever dividends
on the Convertible Preferred
ock. or other senior stock for all
81 dividend periods shall have
en- paid. or funds for the pay
mt thereof set apart and the
-idends for the then current div
md period with respect to such
'ck shall have been declared
4 funds for the payment there
set apart. the Board of Direc-
3 may declare dividends on the
mmon Stock. or any stock jun
10 the Convertible Preferred
ock which may at the time be
tstanding payable in cash. stock
otherwise) out of any remain
surplus profits.
81 CONVERTIBLE PREFER
ID STOCK CONSENT. So long
any OF the Convertible Prefer
I stock is outstanding. the Com
ny shall not withoutethe affirm
We vote or written consent Of
! holders of record of at least
0-thirds of the aggregate par
iount OF the Convertible Pre-
red stock then outstanding
.al sell. lease or otherwise dis
sc OF all OF its property, assets
! business or substantially all
sreof or any portion thereof
ich Il is essential for the Com
~ TO retain in connection with
continuance OF its business: or
bl enter into any merger or