The Coolidge examiner., 1943-04-09
AMENDED ARTICLES
OF
THE CItDDEN COMPANY

a. laws Of the state OF Ohio.
dopts these amended Articles to
spers.de and take the place OF
e. existing Articles and for such
surpcse certifies as follows:
FIRST The name OF said cor
soration shall be THE GLIDDEN
-OMPANY.
SECOND: The place in Ohio
shere its principal office is locat-
"A Is Cleveland. Cuyahoga County.
THIRD. The purpose or pur-
.oses for which it is formed are;
Manufacturing. buying and sell
ng paints. varnishes. lacquers.
lrvers. japans. chemicals and all
allied products. manufacturing. re-
ming. buying and selling oils, sol
tents and all allied products used
In connection with the manufac-
Lure OF paints. varnishes. lacquers.
iryers. japans and chemicals.
Mining. milling. concentrating.
converting. smelling. refining.
manufacturing. fabricating. buying.
selling and otherwise producing
and dealing in zinc. lead. copper
iron and all kinds of ores, metals.
minerals and pigments and the
products and by-products thereof
Of every kind and description and
by whatsoever process same can
b. or may hereafter be produced.
Manufacturing. producing. buy
ing and selling food and cereal
products and materials of all class
IS and description; manufacturing.
refining selling. buying and deal
inE In vegetable oils. vegetable
fats. animal oils animal fats and
other food ingredients. and i'm
porting and exporting food prod
urfs
Manufacturing purchasing or
otherwise acquiring goods. wares.
merchandise and property of every
class aud description. and 10 hold.
own. sell or otherwise dispose OF.
trade. deal In and deal with the
same. and In general TO acquire
such properties. real. personal and
mixed. and 10 do and perform such
acts and things as may be neces-
sary or incident 10 the carrying
out of the foregoing purposes.
FOURTH. Section / The max
imum number OF shares which the
corporation Is authorized TO have
outstanding is one million two hun
dred thousand 1.200.000l. which
shall BE- classified and shall bear
designations as follows:
nj
t200 .000) shares Of the par value OF
Fifty Dollars (s50.00l each shall
be- Convertible Preferred stock;
aud
(bl One million $1,000 .000l
shares without par value shall be
Comson Stock.
Section . The terms and pro
visions OF the Convertible Prefer
red Stock are as follows:
Oh DIVIDENDS on CON
NERTIBLE PREFERRED STOCK.
The holders OF the Convertible
Preferred Stock shall be entitled
20 receive cumulative cash diyi-
dends thereon when and as de-
clsred nv the Board of Directors
ont OF the surplus profits OF the
Company al the rate of four and
one-half per centum (4iReel per
annum payable quarter-yearly on
the first DAYS Of January. April.
July and October In each year. and
no more. Such dividends shall be
cumulative from and after July /.
1896. so that II thereafter such
dividends for any past quarter
yearly dividend period shall not
have been paid on the Convertible
Preferred Stock. or funds for the
payment thereof set apart. and the
dividends for the then current
quarteryearly period shall not
have been declared and funds for
the payment thereof set apart. the
deficiency shall be fully paid or
funds for the payment thereof set
apart. but without interest. before
any dividends shall be paid or set
apart for the Common Stock.
C2l DIVIDENDS ON JUNIOR
STOCK. Whenever dividends
upon the Convertible Preferred
Stock. or other senior stock for all
past dividend periods shall have
been paid or funds for the pay
ment thereof set apart and the
dividends for the then current div
idend period with respect TO such
stock shall have been declared
and funds for the payment there
of set apart. the Board OF Direc-
tors may declare dividends on the
Common Stock. or any stock jun
Tor 10 the Convertible Preferred
Stock which may at the time be
outstanding payable in cash. stock
or otherwisel out of any remain
ing surplus profits
CA CONVERTIBLE PREFER
PED STOCK CONSENT. So long
as any OF the Convertible Prefer
red Stock is outstanding. the Com
pany shall not without the affirm
ative vote or written consent of
the holders of record of at least
two-thirds of the aggregate par
amount OF the Convertible Pre-
ferred Stock then outstanding
(al sell. lease or otherwise dis
pose OF all of its property. assets
and business or substantially all
thereof or any portion thereof
which IL is essential for the Com
pany 10 retain in connection with
the continuance of its business: or