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The designations, preferences and relative, participating, optional or other special rights of each class of stock and the qualifications, limitations or restrictions of such preferences and/or rights are as follows: THE HOLDERS OF THE $7 CUMULATIVE FIRST PREFERRED STOCK SHALL BE ENTITLED TO RECEIVE, WHEN AND AS DE- AT THE RATE OF $7 PER ANNUM SHALL NOT HAVE BEEN PAID OR SET APART FOR THE $7 CUMULATIVE PREFERENCE STOCK CLARED 3Y THE BOARD OF DIRECTORS, DIVIDENDS AT THE RATE OF BUT NOT EXCEEDING $7 PER SHARE PER ANNUM, PAYABLE THE DEFICIENCY SHALL BE FULLY PAID OR SET APART FOR PAYMENT BEFORE ANY DIVIDENDS SHALL BE PAID UPON OR SET SEWI-ANNUALLY ON JANUARY 1 AND JULY IN EACH YEAR. DIVIDENDS ON THE SHARES OF $7 CUMULATIVE FIRST PREFERRED APART FOR THE CLASSA STOCK OF THE CORPORATION. STOCK ISSUED PRIOR TO JULY 1, 1929, SHALL BE CUMULATIVE FROM JANUARY 1, 1929, AND ON ALL SHARES OF SUCH STOCK THE $7 CUMULATIVE PREFERENCE STOCK, FROM TIME TO TIME OUTSTANDING, MAY BE REDEEMED BY THE BOARD OF ISSUED ON OR AFTER JULY 1, 1929, DIVIDENDS SHALL BE CUMULATIVE FROM THE SEMI-ANNUAL DIVIDEND PAYMENT DATE NEXT DIRECTORS, FROM TIME TO TIME, IN WHOLE OR !N PART ON ANY DATE AT THE OPTION OF THE BOARD OF DIRECTORS OF THE PRECEDING THE DATE OF ISSUE, UNLESS THE DATE OF ISSUE BE A SEMI-ANNUAL DIVIDEND PAYMENT DATE, IN WHICH EVENT CORPORATION BY THE PAYMENT IN CASH FOR EACH SHARE OF SUCH STOCK so TO BE REDEEMED OF $100, AND BY LIKE PAY SUCH DIVIDENDS SHALL BE CUMULATIVE FROM THE DATE OF ISSUE; so THAT IF, FOR ANY SEMI-ANNUAL DIVIDEND PERIOD MENT IN ADDITION THERETO OF AN AMOUNT EQUAL TO THE AMOUNT OF ALL DIVIDENDS ACCUMULATED AND UNPAID ON SUCH THEREAFTER, DIVIDENDS AT THE RATE OF $7 PER ANNUM SHALL NOT HAVE BEEN PAID UPON OR SET APART FOR THE $7 CUMU- $7 CUMULATIVE PREFERENCE STOCK ON THE REDEMPTION DATE WHETHER OR NOT EARNED OR DECLARED; PROVIDED, HOW- LATIVE FIRST PREFERRED STOCK, THE DEFICIENCY SHALL BE FULLY PAID OR SET APART FOR PAYMENT BEFORE ANY DIVI- EVER, THAT NOT LESS THAN THIRTY NOR MORE THAN FORTY DAYS PREVIOUS TO THE DATE FIXED FOR REDEMPTION A NOTICE DEND SHALL BE PAID UPON OR SET APART FOR ANY OTHER STOCK OF THE CORPORATION. SPECIFYING THE TIME AND PLACE THEREOF SHALL BE GIVEN TO THE HOLDERS OF RECORD OF THE $7 CUMULATIVE PREFERENCE THE $7 CUMULATIVE FIRST PREFERRED STOCK, FROM TIME TO TIME OUTSTANDING, MAY BE REDEEMED BY THE BOARD STOCK TO BE REDEEMED BY MAIL AND/OR PUBLICATION IN SUCH MANNER AS MAY BE PRESCRIBED BY THE BY-LAWS OF THE OF DIRECTORS OF THE CORPORATION, FROM TIME TO TIME, IN WHOLE OR IN PART ON ANY DATE AT THE OPTION OF THE BOARD CORPORATION OR BY RESOLUTION OF THE BOARD OF DIRECTORS. IF LESS THAN ALL OF THE OUTSTANDING SHARES OF THE OF DIRECTORS BY THE PAYMENT IN CASH FOR EACH SHARE OF SUCH STOCK so TO BE REDEEMED OF ONE HUNDRED DOLLARS $7 CUMULATIVE PREFERENCE STOCK ARE TO BE REDEEMED SUCH REDEMPTION MAY BE MADE PRO RATA OR THE SHARES ($100), AND BY LIKE PAYMENT IN ADDITION THERETO OF AN AMOUNT EQUAL TO THE AMOUNT OF ALL DIVIDENDS ACCUMU- TO BE REDEEMED MAY BE SELECTED BY THE BOARD OF DIRECTORS BY LOT OR IN SUCH OTHER MANNER AS THEY MAY DE- LATED AND UNPAID ON SUCH $7 CUMULATIVE FIRST PREFERRED STOCK ON THE REDEMPTION DATE, WHETHER OR NOT EARNED TERMINE, ALL AS PRESCRIBED BY RESOLUTION OF THE BOARD OF DIRECTORS. FROM AND AFTER THE DATE FIXED IN SUCH OR DECLARED; PROVIDED, HOWEVER, THAT NOT LESS THAN THIRTY NOR MORE THAN FORTY DAYS PREVIOUS TO THE DATE NOTICE AS THE DATE OF REDEMPTION (UNLESS DEFAULT SHALL BE MADE BY THE CORPORATION IN MAKING PAYMENT OF THE FIXED FOR REDEMPTION A NOTICE SPECIFYING THE TIME AND FLACE THEREOF SHALL BE GIVEN TO THE HOLDERS OF RECORD REDEMPTION PRICE AS SET FORTH IN SAID NOTICE) ALL DIVIDENDS ON THE $7 CUMULATIVE PREFERENCE STOCK CALLED FOR OF THE $7 CUMULATIVE FIRST PREFERRED STOCK TO BE REDEEMED BY AND/OR PUBLICATION IN SUCH MANNER AS MAY REDEMPTION SHALL CEASE TO ACCRUE, AND ALL RIGHTS THEREOF AS STOCKHOLDERS OF THE CORPORATION, EXCEPT THE BE PRESCRIBED BY THE BY-LAWS OF THE CORPORATION OR BY RESOLUTION OF THE BOARD OF DIRECTORS. IF LESS THAN ALL RIGHT TO RECEIVE THE REDEMPTION PRICE WITHOUT INTEREST, SHALL CEASE AND DETERMINE. NOTHING HEREIN CON- OF THE OUTSTANDING SHARES OF THE $7 CUMULATIVE FIRST PREFERRED STOCK ARE TO BE REDEEMED, SUCH REDEMP- TAINED SHALL LIMIT ANY LEGAL RIGHT OF THE CORPORATION TO PURCHASE ANY OF THE $7 CUMULATIVE PREFERENCE STOCK TION MAY BE MADE PRO RATA OR THE SHARES TO BE REDEEMED MAY BE SELECTED BY THE BOARD OF DIRECTORS BY LOT AT A PRICE LESS THAN THE SAID REDEMPTION PRICE. OR IN SUCH OTHER MANNER AS THEY MAY DETERMINE, ALL AS PRESCRIBED BY RESOLUTION OF THE BOARD OF DIRECTORS. IN THE EVENT OF THE LIQUIDATION OR DISSOLUTION OF THE CORPORATION, WHETHER VOLUNTARY OR INVOLUNTARY, FROM AND AFTER THE DATE FIXED IN SUCH NOTICE AS THE DATE OF REDEMPTION (UNLESS DEFAULT SHALL BE MADE BY THE HOLDERS OF THE $7 CUMULATIVE PREFERENCE STOCK THEN OUTSTANDING, AFTER PAYMENT IN FULL OF ALL AMOUNTS THE CORPORATION IN MAKING PAYMENT OF THE REDEMPTION PRICE AS SET FORTH IN SAID NOTICE) ALL DIVIDENDS ON THE HEREINABOVE PROVIDED TO BE PAID IN SUCH EVENT TO THE HOLDERS OF THE $7 CUMULATIVE FIRST PREFERRED STOCK, 57 COMULATIVE FIRST PREFERRED STOCK CALLED FOR REDEMPTION SHALL CEASE TO ACCRUE, AND ALL RIGHTS OF THE SHALL BE ENTITLED TO RECEIVE OUT OF THE ASSETS OF THE CORPORATION, WHETHER CAPITAL OR SURPLUS, BEFORE ANY HOLDERS OF RECORD THEREOF AS STOCKHOLDERS OF THE CORPORATION, EXCEPT THE RIGHT TO RECEIVE THE REDEMPTION PAYMENT SHALL BE MADE TO THE HOLDERS OF THE CLASS A STOCK OF THE CORPORATION, THE SUM OF ONE HUNDRED DOL. PRICE WITHOUT INTEREST, SHALL CEASE AND DETERMINE. NOTHING HEREIN CONTAINED SHALL LIMIT ANY LEGAL RIGHT LARS ($100) PER SHARE AND AN AMOUNT EQUAL TO ANY DIVIDENDS ACCUMULATED AND UNPAID THEREON FROM JANUARY 1, OF THE COPPORATION TO PURCHASE ANY OF THE $7 CUMULATIVE FIRST PREFERRED STOCK AT A PRICE LESS THAN THE SAID 1929, WHETHER OR NOT EARNED OR DECLARED. REDEMPTION PRICE. THE SHARES OF THE $7 CUMULATIVE FIRST PREFERRED STOCK AND OF THE $7 CUMULATIVE PREFERENCE STOCK AND OF IN THE EVENT OF THE LIQUIDATION OR DISSOLUTION OF THE CORPORATION, WHETHER VOLUNTARY OR INVOLUNTARY, THE THE CLASS A STOCK OF THE CORPORATION SHALL ENTITLE THE HOLDERS THEREOF TO FULL VOTING RIGHTS, TO-WIT; ONE HOLDERS OF THE $7 CUMULATIVE FIRST PREFERRED STOCK THEN OUTSTANDING SHALL BE ENTITLED TO RECEIVE OUT OF THE VOTE FOR EACH SHARE OF SUCH STOCK, PROVIDED, HOWEVER, THAT IF AT ANY TIME DIVIDENDS IN RESPECT OF THE $7 CUMU- ASSETS OF THE CORPORATION, WHETHER CAPITAL OR SURPLUS, BEFORE ANY PAYMENT SHALL BE MADE TO HOLDERS OF ANY LATIVE FIRST PREFERRED STOCK SHALL BE IN ARREARS. THEN so LONG AS THERE SHALL BE ANY ARREARS OF DIVIDENDS OTHER STOCK OF THE CORPORATION, BOTH THE SUM OF ONE HUNDRED DOLLARS ($100) PER SHARE AND AN AMOUNT WHICH UFON SUCH STOCK, THE HOLDERS OF THE CLASS A STOCK SHALL HAVE NO VOTING POWERS AND THE HOLDERS OF THE 7 CUMU- SHALL BE EQUAL TO THE DIVIDENDS ACCUMULATED AND UNPAID THEREON, WHETHER OR NOT EARNED OR DECLARED. LATIVE FIRST PREFERRED STOCK AND THE $7 CUMULATIVE PREFERENCE STOCK SHALL POSSESS EXCLUSIVE VOTING POWER UNLESS WITH THE AFFIRMATIVE VOTE OR WRITTEN CONSENT OF THE HOLDERS OF AT LEAST TWO-THIRDS IN AMOUNT FOR THE ELECTION OF DIRECTORS AND FOR ALL OTHER PURPOSES. IF AT ANY TIME AFTER THE HOLDERS OF THE CLASS A OF THE OUTSTANDING $7 CUMULATIVE FIRST PREFERRED STOCK, THE CORPORATION SHALL NOT STOCK SHALL HAVE CEASED TO HAVE VOTING POWER AS AFORESAID, ALL ARREARS OF DIVIDENDS ON ALL OF THE $7 CUMU- (1) CHANGE THE PURPOSES FOR WHICH THE CORPORATION IS FORMED, OR THE PROVISIONS OF THIS ARTICLE FOURTH LATIVE FIRST PREFERRED STOCK THEN OUTSTANDING SHALL HAVE BEEN PAID OR SET APART FOR PAYMENT BY THE COR- OF THE CERTIFICATE OF INCORPORATION; PORATION, THEREUPON ALL RIGHTS OF THE HOLDERS OF THE CLASS A STOCK TO VOTE SHALL REVIVE, SUBJECT, HOWEVER, TO (2) DISPOSE (BY SALE, CONSOLIDATION, MERGER, LEASE OR OTHERWISE) OF THE PROPERTY AND BUSINESS OF THE AGAIN CEASING WHENEVER THE CORPORATION SHALL BE IN ARREARS IN RESPECT OF DIVIDENDS ON THE $7 CUMULATIVE CORPORATION SUBSTANTIALLY AS AN ENTIRETY; FIRST PREFERRED STOCK. (3) CREATE ANY MORTGAGE OR OTHER LIEN TO SECURE AN ISSUE OF BONDS OR OTHERWISE, EXCEPT PURCHASE MONEY ANY SHARES OF $7 CUMULATIVE PREFERENCE STOCK AT THE OPTION OF THE RESPECTIVE HOLDERS THEREOF MAY AT MORTGAGES OR LIENS; ANY TIME, AND FROM TIME TO TIME, BE SURRENDERED TO THE CORPORATION IN EXCHANGE FOR AN EQUAL NUMBER OF SHARES (4) CREATE ANY SHARES OF STOCK HAVING PRIORITY OVER OR ON A PARITY WITH THE $7 CUMULATIVE FIRST PRE- OF $7 CUMULATIVE F!RST PREFERRED STOCK, PROVIDED THAT THE HOLDER OR HOLDERS OF THE SHARES SURRENDERED SHALL FERRED STOCK OR INCREASE SAID AUTHORIZED $7 CUMULATIVE FIRST PREFERRED STOCK. SIMULTANEOUSLY BY APPROPRIATE INSTRUMENT IN WRITING RELEASE AND SURRENDER ALL RIGHTS TO UNPAID DIVIDENDS AFTER FULL CUMULATIVE DIVIDENDS UPON THE $7 CUMULATIVE FIRST PREFERRED STOCK FOR ALL PREVIOUS SEMI- ACCUMULATED ON THE STOCK SURRENDERED AND ON ANY OTHER PREFERRED STOCK OF THE CORPORATION WHICH HAS HERE- ANNUAL DIVIDEND PERIODS SHALL HAVE BEEN PAID, AND THE FULL INSTALLMENT FOR THE THEN CURRENT SEMI-ANNUAL TOFORE BEEN RECLASSIFIED, DIRECTLY OR INDIRECTLY, INTO SAID $7 CUMULATIVE PREFERENCE STOCK. ALL SHARES OF $7 DIVIDEND SHALL HAVE BEEN PAID, OR SHALL HAVE BEEN DECLARED AND A SUM SUFFICIENT FOR THE PAYMENT THEREOF CUMULATIVE PREFERENCE STOCK so EXCHANGED SHALL BE CANCELLED AND NO SUCH SHARES SHALL BE RE-ISSUED, AND THE SET AFART, THE HOLDERS OF THE $7 CUMULATIVE PREFERENCE STOCK SHALL BE ENTITLED TO RECEIVE, WHEN AND AS DE- AUTHORIZED NUMBER OF SHARES OF $7 CUMULATIVE PREFERENCE STOCK OF THE CORPORATION SHALL BE DEEMED TO BE, CLARED BY THE BOARD OF DIRECTORS, FROM THE SURPLUS OF THE CORPORATION, OR FROM THE NET PROFITS ARISING FROM AND SHALL BE, REDUCED TO THE EXTENT OF THE AGGREGATE PAR VALUE OF THE SHARES OF $7 CUMULATIVE PREFERENCE ITS BUSINESS, DIVIDENDS AT THE RATE OF BUT NOT EXCEEDING $7 PER SHARE PER ANNUM, PAYABLE SEMI-ANNUALLY ON JAN- STOCK so EXCHANGED. UARY AND JULY 1 IN EACH YEAR. DIVIDENDS ON THE SHARES OF THE $7 CUMULATIVE PREFERENCE STOCK ISSUED PRIOR TO NO STOCKHOLDER OF ANY CLASS SHALL BE ENTITLED AS OF RIGHT TO PURCHASE OR SUBSCRIBE FOR ANY PART OF THE JULY 1, 1929, SHALL BE CUMULATIVE FROM OCTOBER 1 1922, AND ON ALL SHARES OF SUCH STOCK ISSUED ON OR AFTER JULY UNISSUED STOCK OF THE CORPORATION OR FOR ANY PART OF THE STOCK OF THE CORPORATION TO BE ISSUED BY REASON 1, 1929, DIVIDENDS SHALL EE CUMULATIVE FROM THE SEMI-ANNUAL DIVIDEND PAYMENT DATE NEXT PRECEDING THE DATE OF ANY INCREASE OF THE AUTHORIZED CAPITAL STOCK OF THE CORPORATION OR THE AUTHORIZATION OF ANY NEW CLASS OF ISSUE, UNLESS THE DATE OF ISSUE BE A SEMI-ANNUAL DIVIDEND PAYMENT DATE, IN WHICH EVENT SUCH DIVIDENDS SHALL OF STOCK. BE CUMULATIVE FROM THE DATE OF ISSUE; so THAT IF, FOR ANY SEMI-ANNUAL DIVIDEND PERIOD THEREAFTER, DIVIDENDS For Malue hereby sell, assign and transfer unto Shares of the Capital Stock represented by the within Certificate, and do hereby irrevocably constitute and appoint Attorney to transfer the said stock on the books of the within-named Corporation, with full power of substitution in the premises. Dated In the presence of:

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0
Type
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Media ID
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Document data

ID
75724728
Core
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Type
document
DTO data
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    "title": "Stock Certificate, 1929",
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Context sent to Scholar

Document identity
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Document source metadata
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    "contentType": "document",
    "title": "Stock Certificate, 1929",
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    "collections": [
        "Safety Light Collection",
        "Records Related to Radium Dial Painters"
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Document source extras
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Page context
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    "ocrText": "The designations, preferences and relative, participating, optional or other special rights of each class of stock and\nthe qualifications, limitations or restrictions of such preferences and/or rights are as follows:\nTHE HOLDERS OF THE $7 CUMULATIVE FIRST PREFERRED STOCK SHALL BE ENTITLED TO RECEIVE, WHEN AND AS DE-\nAT THE RATE OF $7 PER ANNUM SHALL NOT HAVE BEEN PAID OR SET APART FOR THE $7 CUMULATIVE PREFERENCE STOCK\nCLARED 3Y THE BOARD OF DIRECTORS, DIVIDENDS AT THE RATE OF BUT NOT EXCEEDING $7 PER SHARE PER ANNUM, PAYABLE\nTHE DEFICIENCY SHALL BE FULLY PAID OR SET APART FOR PAYMENT BEFORE ANY DIVIDENDS SHALL BE PAID UPON OR SET\nSEWI-ANNUALLY ON JANUARY 1 AND JULY IN EACH YEAR. DIVIDENDS ON THE SHARES OF $7 CUMULATIVE FIRST PREFERRED\nAPART FOR THE CLASSA STOCK OF THE CORPORATION.\nSTOCK ISSUED PRIOR TO JULY 1, 1929, SHALL BE CUMULATIVE FROM JANUARY 1, 1929, AND ON ALL SHARES OF SUCH STOCK\nTHE $7 CUMULATIVE PREFERENCE STOCK, FROM TIME TO TIME OUTSTANDING, MAY BE REDEEMED BY THE BOARD OF\nISSUED ON OR AFTER JULY 1, 1929, DIVIDENDS SHALL BE CUMULATIVE FROM THE SEMI-ANNUAL DIVIDEND PAYMENT DATE NEXT\nDIRECTORS, FROM TIME TO TIME, IN WHOLE OR !N PART ON ANY DATE AT THE OPTION OF THE BOARD OF DIRECTORS OF THE\nPRECEDING THE DATE OF ISSUE, UNLESS THE DATE OF ISSUE BE A SEMI-ANNUAL DIVIDEND PAYMENT DATE, IN WHICH EVENT\nCORPORATION BY THE PAYMENT IN CASH FOR EACH SHARE OF SUCH STOCK so TO BE REDEEMED OF $100, AND BY LIKE PAY\nSUCH DIVIDENDS SHALL BE CUMULATIVE FROM THE DATE OF ISSUE; so THAT IF, FOR ANY SEMI-ANNUAL DIVIDEND PERIOD\nMENT IN ADDITION THERETO OF AN AMOUNT EQUAL TO THE AMOUNT OF ALL DIVIDENDS ACCUMULATED AND UNPAID ON SUCH\nTHEREAFTER, DIVIDENDS AT THE RATE OF $7 PER ANNUM SHALL NOT HAVE BEEN PAID UPON OR SET APART FOR THE $7 CUMU-\n$7 CUMULATIVE PREFERENCE STOCK ON THE REDEMPTION DATE WHETHER OR NOT EARNED OR DECLARED; PROVIDED, HOW-\nLATIVE FIRST PREFERRED STOCK, THE DEFICIENCY SHALL BE FULLY PAID OR SET APART FOR PAYMENT BEFORE ANY DIVI-\nEVER, THAT NOT LESS THAN THIRTY NOR MORE THAN FORTY DAYS PREVIOUS TO THE DATE FIXED FOR REDEMPTION A NOTICE\nDEND SHALL BE PAID UPON OR SET APART FOR ANY OTHER STOCK OF THE CORPORATION.\nSPECIFYING THE TIME AND PLACE THEREOF SHALL BE GIVEN TO THE HOLDERS OF RECORD OF THE $7 CUMULATIVE PREFERENCE\nTHE $7 CUMULATIVE FIRST PREFERRED STOCK, FROM TIME TO TIME OUTSTANDING, MAY BE REDEEMED BY THE BOARD\nSTOCK TO BE REDEEMED BY MAIL AND/OR PUBLICATION IN SUCH MANNER AS MAY BE PRESCRIBED BY THE BY-LAWS OF THE\nOF DIRECTORS OF THE CORPORATION, FROM TIME TO TIME, IN WHOLE OR IN PART ON ANY DATE AT THE OPTION OF THE BOARD\nCORPORATION OR BY RESOLUTION OF THE BOARD OF DIRECTORS. IF LESS THAN ALL OF THE OUTSTANDING SHARES OF THE\nOF DIRECTORS BY THE PAYMENT IN CASH FOR EACH SHARE OF SUCH STOCK so TO BE REDEEMED OF ONE HUNDRED DOLLARS\n$7 CUMULATIVE PREFERENCE STOCK ARE TO BE REDEEMED SUCH REDEMPTION MAY BE MADE PRO RATA OR THE SHARES\n($100), AND BY LIKE PAYMENT IN ADDITION THERETO OF AN AMOUNT EQUAL TO THE AMOUNT OF ALL DIVIDENDS ACCUMU-\nTO BE REDEEMED MAY BE SELECTED BY THE BOARD OF DIRECTORS BY LOT OR IN SUCH OTHER MANNER AS THEY MAY DE-\nLATED AND UNPAID ON SUCH $7 CUMULATIVE FIRST PREFERRED STOCK ON THE REDEMPTION DATE, WHETHER OR NOT EARNED\nTERMINE, ALL AS PRESCRIBED BY RESOLUTION OF THE BOARD OF DIRECTORS. FROM AND AFTER THE DATE FIXED IN SUCH\nOR DECLARED; PROVIDED, HOWEVER, THAT NOT LESS THAN THIRTY NOR MORE THAN FORTY DAYS PREVIOUS TO THE DATE\nNOTICE AS THE DATE OF REDEMPTION (UNLESS DEFAULT SHALL BE MADE BY THE CORPORATION IN MAKING PAYMENT OF THE\nFIXED FOR REDEMPTION A NOTICE SPECIFYING THE TIME AND FLACE THEREOF SHALL BE GIVEN TO THE HOLDERS OF RECORD\nREDEMPTION PRICE AS SET FORTH IN SAID NOTICE) ALL DIVIDENDS ON THE $7 CUMULATIVE PREFERENCE STOCK CALLED FOR\nOF THE $7 CUMULATIVE FIRST PREFERRED STOCK TO BE REDEEMED BY AND/OR PUBLICATION IN SUCH MANNER AS MAY\nREDEMPTION SHALL CEASE TO ACCRUE, AND ALL RIGHTS THEREOF AS STOCKHOLDERS OF THE CORPORATION, EXCEPT THE\nBE PRESCRIBED BY THE BY-LAWS OF THE CORPORATION OR BY RESOLUTION OF THE BOARD OF DIRECTORS. IF LESS THAN ALL\nRIGHT TO RECEIVE THE REDEMPTION PRICE WITHOUT INTEREST, SHALL CEASE AND DETERMINE. NOTHING HEREIN CON-\nOF THE OUTSTANDING SHARES OF THE $7 CUMULATIVE FIRST PREFERRED STOCK ARE TO BE REDEEMED, SUCH REDEMP-\nTAINED SHALL LIMIT ANY LEGAL RIGHT OF THE CORPORATION TO PURCHASE ANY OF THE $7 CUMULATIVE PREFERENCE STOCK\nTION MAY BE MADE PRO RATA OR THE SHARES TO BE REDEEMED MAY BE SELECTED BY THE BOARD OF DIRECTORS BY LOT\nAT A PRICE LESS THAN THE SAID REDEMPTION PRICE.\nOR IN SUCH OTHER MANNER AS THEY MAY DETERMINE, ALL AS PRESCRIBED BY RESOLUTION OF THE BOARD OF DIRECTORS.\nIN THE EVENT OF THE LIQUIDATION OR DISSOLUTION OF THE CORPORATION, WHETHER VOLUNTARY OR INVOLUNTARY,\nFROM AND AFTER THE DATE FIXED IN SUCH NOTICE AS THE DATE OF REDEMPTION (UNLESS DEFAULT SHALL BE MADE\nBY THE HOLDERS OF THE $7 CUMULATIVE PREFERENCE STOCK THEN OUTSTANDING, AFTER PAYMENT IN FULL OF ALL AMOUNTS\nTHE CORPORATION IN MAKING PAYMENT OF THE REDEMPTION PRICE AS SET FORTH IN SAID NOTICE) ALL DIVIDENDS ON THE HEREINABOVE PROVIDED TO BE PAID IN SUCH EVENT TO THE HOLDERS OF THE $7 CUMULATIVE FIRST PREFERRED STOCK,\n57 COMULATIVE FIRST PREFERRED STOCK CALLED FOR REDEMPTION SHALL CEASE TO ACCRUE, AND ALL RIGHTS OF THE\nSHALL BE ENTITLED TO RECEIVE OUT OF THE ASSETS OF THE CORPORATION, WHETHER CAPITAL OR SURPLUS, BEFORE ANY\nHOLDERS OF RECORD THEREOF AS STOCKHOLDERS OF THE CORPORATION, EXCEPT THE RIGHT TO RECEIVE THE REDEMPTION\nPAYMENT SHALL BE MADE TO THE HOLDERS OF THE CLASS A STOCK OF THE CORPORATION, THE SUM OF ONE HUNDRED DOL.\nPRICE WITHOUT INTEREST, SHALL CEASE AND DETERMINE. NOTHING HEREIN CONTAINED SHALL LIMIT ANY LEGAL RIGHT\nLARS ($100) PER SHARE AND AN AMOUNT EQUAL TO ANY DIVIDENDS ACCUMULATED AND UNPAID THEREON FROM JANUARY 1,\nOF THE COPPORATION TO PURCHASE ANY OF THE $7 CUMULATIVE FIRST PREFERRED STOCK AT A PRICE LESS THAN THE SAID\n1929, WHETHER OR NOT EARNED OR DECLARED.\nREDEMPTION PRICE.\nTHE SHARES OF THE $7 CUMULATIVE FIRST PREFERRED STOCK AND OF THE $7 CUMULATIVE PREFERENCE STOCK AND OF\nIN THE EVENT OF THE LIQUIDATION OR DISSOLUTION OF THE CORPORATION, WHETHER VOLUNTARY OR INVOLUNTARY, THE\nTHE CLASS A STOCK OF THE CORPORATION SHALL ENTITLE THE HOLDERS THEREOF TO FULL VOTING RIGHTS, TO-WIT;\nONE\nHOLDERS OF THE $7 CUMULATIVE FIRST PREFERRED STOCK THEN OUTSTANDING SHALL BE ENTITLED TO RECEIVE OUT OF THE VOTE FOR EACH SHARE OF SUCH STOCK, PROVIDED, HOWEVER, THAT IF AT ANY TIME DIVIDENDS IN RESPECT OF THE $7 CUMU-\nASSETS OF THE CORPORATION, WHETHER CAPITAL OR SURPLUS, BEFORE ANY PAYMENT SHALL BE MADE TO HOLDERS OF ANY\nLATIVE FIRST PREFERRED STOCK SHALL BE IN ARREARS. THEN so LONG AS THERE SHALL BE ANY ARREARS OF DIVIDENDS\nOTHER STOCK OF THE CORPORATION, BOTH THE SUM OF ONE HUNDRED DOLLARS ($100) PER SHARE AND AN AMOUNT WHICH\nUFON SUCH STOCK, THE HOLDERS OF THE CLASS A STOCK SHALL HAVE NO VOTING POWERS AND THE HOLDERS OF THE 7 CUMU-\nSHALL BE EQUAL TO THE DIVIDENDS ACCUMULATED AND UNPAID THEREON, WHETHER OR NOT EARNED OR DECLARED.\nLATIVE FIRST PREFERRED STOCK AND THE $7 CUMULATIVE PREFERENCE STOCK SHALL POSSESS EXCLUSIVE VOTING POWER\nUNLESS WITH THE AFFIRMATIVE VOTE OR WRITTEN CONSENT OF THE HOLDERS OF AT LEAST TWO-THIRDS IN AMOUNT\nFOR THE ELECTION OF DIRECTORS AND FOR ALL OTHER PURPOSES. IF AT ANY TIME AFTER THE HOLDERS OF THE CLASS A\nOF\nTHE OUTSTANDING $7 CUMULATIVE FIRST PREFERRED STOCK, THE CORPORATION SHALL NOT\nSTOCK SHALL HAVE CEASED TO HAVE VOTING POWER AS AFORESAID, ALL ARREARS OF DIVIDENDS ON ALL OF THE $7 CUMU-\n(1) CHANGE THE PURPOSES FOR WHICH THE CORPORATION IS FORMED, OR THE PROVISIONS OF THIS ARTICLE FOURTH\nLATIVE FIRST PREFERRED STOCK THEN OUTSTANDING SHALL HAVE BEEN PAID OR SET APART FOR PAYMENT BY THE COR-\nOF THE CERTIFICATE OF INCORPORATION;\nPORATION, THEREUPON ALL RIGHTS OF THE HOLDERS OF THE CLASS A STOCK TO VOTE SHALL REVIVE, SUBJECT, HOWEVER, TO\n(2) DISPOSE (BY SALE, CONSOLIDATION, MERGER, LEASE OR OTHERWISE) OF THE PROPERTY AND BUSINESS OF THE\nAGAIN CEASING WHENEVER THE CORPORATION SHALL BE IN ARREARS IN RESPECT OF DIVIDENDS ON THE $7 CUMULATIVE\nCORPORATION SUBSTANTIALLY AS AN ENTIRETY;\nFIRST PREFERRED STOCK.\n(3) CREATE ANY MORTGAGE OR OTHER LIEN TO SECURE AN ISSUE OF BONDS OR OTHERWISE, EXCEPT PURCHASE MONEY\nANY SHARES OF $7 CUMULATIVE PREFERENCE STOCK AT THE OPTION OF THE RESPECTIVE HOLDERS THEREOF MAY AT\nMORTGAGES OR LIENS;\nANY TIME, AND FROM TIME TO TIME, BE SURRENDERED TO THE CORPORATION IN EXCHANGE FOR AN EQUAL NUMBER OF SHARES\n(4) CREATE ANY SHARES OF STOCK HAVING PRIORITY OVER OR ON A PARITY WITH THE $7 CUMULATIVE FIRST PRE-\nOF $7 CUMULATIVE F!RST PREFERRED STOCK, PROVIDED THAT THE HOLDER OR HOLDERS OF THE SHARES SURRENDERED SHALL\nFERRED STOCK OR INCREASE SAID AUTHORIZED $7 CUMULATIVE FIRST PREFERRED STOCK.\nSIMULTANEOUSLY BY APPROPRIATE INSTRUMENT IN WRITING RELEASE AND SURRENDER ALL RIGHTS TO UNPAID DIVIDENDS\nAFTER FULL CUMULATIVE DIVIDENDS UPON THE $7 CUMULATIVE FIRST PREFERRED STOCK FOR ALL PREVIOUS\nSEMI- ACCUMULATED ON THE STOCK SURRENDERED AND ON ANY OTHER PREFERRED STOCK OF THE CORPORATION WHICH HAS HERE-\nANNUAL DIVIDEND PERIODS SHALL HAVE BEEN PAID, AND THE FULL INSTALLMENT FOR THE THEN CURRENT SEMI-ANNUAL\nTOFORE BEEN RECLASSIFIED, DIRECTLY OR INDIRECTLY, INTO SAID $7 CUMULATIVE PREFERENCE STOCK. ALL SHARES OF $7\nDIVIDEND SHALL HAVE BEEN PAID, OR SHALL HAVE BEEN DECLARED AND A SUM SUFFICIENT FOR THE PAYMENT THEREOF\nCUMULATIVE PREFERENCE STOCK so EXCHANGED SHALL BE CANCELLED AND NO SUCH SHARES SHALL BE RE-ISSUED, AND THE\nSET AFART, THE HOLDERS OF THE $7 CUMULATIVE PREFERENCE STOCK SHALL BE ENTITLED TO RECEIVE, WHEN AND AS DE-\nAUTHORIZED NUMBER OF SHARES OF $7 CUMULATIVE PREFERENCE STOCK OF THE CORPORATION SHALL BE DEEMED TO BE,\nCLARED BY THE BOARD OF DIRECTORS, FROM THE SURPLUS OF THE CORPORATION, OR FROM THE NET PROFITS ARISING FROM\nAND SHALL BE, REDUCED TO THE EXTENT OF THE AGGREGATE PAR VALUE OF THE SHARES OF $7 CUMULATIVE PREFERENCE\nITS BUSINESS, DIVIDENDS AT THE RATE OF BUT NOT EXCEEDING $7 PER SHARE PER ANNUM, PAYABLE SEMI-ANNUALLY ON JAN-\nSTOCK so EXCHANGED.\nUARY AND JULY 1 IN EACH YEAR. DIVIDENDS ON THE SHARES OF THE $7 CUMULATIVE PREFERENCE STOCK ISSUED PRIOR TO\nNO STOCKHOLDER OF ANY CLASS SHALL BE ENTITLED AS OF RIGHT TO PURCHASE OR SUBSCRIBE FOR ANY PART OF THE\nJULY 1, 1929, SHALL BE CUMULATIVE FROM OCTOBER 1 1922, AND ON ALL SHARES OF SUCH STOCK ISSUED ON OR AFTER JULY UNISSUED STOCK OF THE CORPORATION OR FOR ANY PART OF THE STOCK OF THE CORPORATION TO BE ISSUED BY REASON\n1, 1929, DIVIDENDS SHALL EE CUMULATIVE FROM THE SEMI-ANNUAL DIVIDEND PAYMENT DATE NEXT PRECEDING THE DATE\nOF ANY INCREASE OF THE AUTHORIZED CAPITAL STOCK OF THE CORPORATION OR THE AUTHORIZATION OF ANY NEW CLASS\nOF ISSUE, UNLESS THE DATE OF ISSUE BE A SEMI-ANNUAL DIVIDEND PAYMENT DATE, IN WHICH EVENT SUCH DIVIDENDS SHALL\nOF STOCK.\nBE CUMULATIVE FROM THE DATE OF ISSUE; so THAT IF, FOR ANY SEMI-ANNUAL DIVIDEND PERIOD THEREAFTER, DIVIDENDS\nFor Malue\nhereby sell, assign and transfer unto\nShares\nof the Capital Stock represented by the within Certificate, and\ndo hereby irrevocably constitute and appoint\nAttorney\nto transfer the said stock on the books of the within-named\nCorporation, with full power of substitution in the premises.\nDated\nIn the presence of:"
}