The Coolidge examiner., 1943-03-26
AMENDED ARTICLES
OF
THE CLIODEN COMPANY

be Glidleu company, 4 coI PoI
alton organized and existing under
the law OF the State OF Ohio
adopts these amended Articles 10
supersede and take the place oil
its existing Articles and for such
purpose certifies as follows:
FIRST. The name OF said cor
poration shall be THE GLlDDEN
COMPANY
SECOND. The place in Ohio
where its principal office is locat'
I'd Is Cleveland. Cuyahoga County
THIRD. The purpose or pur-
poses for which il Is formed are:
Manufacturing buying and sell
ing paints. varnishes. lacquers,
dryers. japans. chemicals and all
allied products. manufacturing, re
filming. buying and selling oils. sol
vents and all allied products used
IN connection with the manufac-
ture OF paints. varnishes. lacquers.
dryegs. 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 byproducts thereof
of every kind and description and
by whatsoever process same can
BE- or may hereafter be produced.
-.wnArrnFno hrsvr
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
nets.
Manufacturing purchasing or
otherwise acquiring goods. wares.
merchandise and property Of every
class and description. and 10 hold.
own. sell or otherwise dispose Of.
trade. deal In and deal with the
same. and in general 10 acquire
such properties. real. personal and
mixed. and 10 do and perform such
acts and things as may be neces-
sary or incident 20 the carrying
out OF the foregoing purposes.
FOURTH: Section l. The max
imum number OF shares which the
corporation Is authorized 10 have
outstanding is one million two hun
dred thousand u.200.0 .000l. which
shall be classified and shall bear
designations as follows:
(al Two hundred thousand
200. .000l shares OF the par value of
Fifty Dollars (S50.00l each shall
be Convertible Preferred stock;
and
Cb) one million Q.O00.OOOl
shares without par value shall be
Common Stock.
Section .. The terms and pro-
visions OF the Convertible Prefer
red Stock are as follows:
Oh DIVIDENDS on CON
vERTTBLE PREFERRED STOCK.
The holders OF the Convertible
Preferred Stock shall be entitled
10 receive cumulative cash divi-
dends thereon when and as de
clared BY the Board OF Directors
out OF the surplus profits OF the
Company at the rate Of four and
one-half per centum (4kes) 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 I.
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
quarter-yearly 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.
ca DIVIDENDS on JUNIOR
STOCK. Whenever dividends
upon the Convertible Preferred
Stock. or other senior stock for all
past dividend periods shall have
been paid. OF 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
RED 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
(a) 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