Evening star., 1947-09-26
]. W. ANDERSON
A. LOTHROP LUTTRELL
ANDREW PARKER
B. W. PARKER
P. M. TALBOT
JOHN TYSSOWSKI

eoPY Ypn6In or PEoP3SEp GfATo .7E RESOLUTION go
'H9FH' WARb NJ 4 IkoTTHRoTPo. TooD
To be, submitted at General Meeting OF
ESSs5 RESOLVED. VI t'f that the certihcate of In
s bg s4na S1 ta
1fSS SSSffT Y f FL sssS ssn i &. total
shall be fve million dollars (S5. .000,00Oj
snd o aRaessd sRas dydsa o thH
twenty-five thousand, (25,0o0, shares Of
Preferred Stock q q dds the par value Of one as
the Preferred Stock" which shall be con:
stock desiEnated as AZ Preferred Stock
forth, and ,(2) two. hundred nifty thousand
t25O,0Q0) shares Of Common, Stock of the
par value Of ten dollars [Slol each achao ooo,
shares Of :" Preferred Stock" issued and
outstanding Immediately prior to. the effec-
tive dste Ia Of this Of the Gert
convertible, at the option Of the holder
and prior to June I6, 194s, upon surrender
to the Corporation. or to any transfer agent
Ct the for the bs
sssessable SS fssrs shares f Of the ~ Preferred
dSars o Se each eqs " The q
I SHARES aa's 0ns Srefefred stosf for each
:on 1e Of f any shares o
no allowance or adjustment shall be made
for dividends on either class Of stock
sss Be eanceed and shs not Be-
The 80 Preferred Stock" shall be issued
only. as set forth In this amendment II
hereinafter described: and not otherwise.
shall be entitled to receive when and as
surplus or net earnings Of the Corporation,
yearly dividends at the rate of seven per
Gent g. per I am annun AND no 9rsst sps
declared by the Board Of Trustees from
fhs Teav or Re5 M o. @ Of
per cent go per annum and no more;
The. dividends on each class Of preferred
sSIe before any DIVIDEND Ina on the @
In any year, dividends amounting to seven
qe nasf stock PSa a1d
dividends amounting to four per cent t4T
RS hass 5ss9 gse on se hs tsend;
Sn the "sTeisrred stock. "a. and the -, ~ I,
osss ss .psy any or e sns o stoe T
Sends on Aap preferred red stoct' converted into
st4% Preferred Stock" as herein provided
1e4s, and not thereafter. Dividends .op
the "4% Preferred Stock shall be cumula-
tive from April. /, 1s4s. In the event of
the issuance Of any shares Of "4G Pre-
ferred Stock subsequent to June l6. 1a4S.
ali dividends declared and accumulated
thereon prior to the date as Of which the
deemed to have been paid in full. The
"Preferred Stock" may, on 80 days written
notice, be redeemed in whole or in part et
the option Of the Corporation EXPRESSED BY
resolution of its Board of Trustees. on the
date for payment Of any dividend, at the
price Of one hundred and five dollars
(S1Q5) for each share and the amount OF
dividends accumulated and unpaid thereon
at the date Of redemption. The AZ Pre-
ferred Stock may. on 80 days written
notice, be redeemed in whole or in part at
the option Of the Corporation, expressed by
time during the period from April !, 1858,
TO and including March 81. 1868. on the
date for payment of any dividend, at the
price Of one hundred and three dollars
($10S) for each share and the amount OF
6tvtdends accumulated and unpaid thereon
At the date Of REDEMPTION, and at any time
after March 81. 1868. on the date for pay
Hent OF any dividend. at the price Of one
hundred and two dollars (S102l for each
lhars and the amount Of dividends aecumu:,
At:d Eng unpaid thereon Ct the date Of