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dOing bu:sirk'S\ H\ ~lth@f tM Borouih (' Man.wattan, t 1(' _Ity 011 '~w (IrK. or tne Llty 0 C I('ago. 1<I'.'1rIg
a r;lplllll, l'ourplu$ and undIVided profit'> liggl't"ltatl!1.g At l(-~l $SO ,Oi){) 1000. d{,"}l~l\",t!:d III such 1I011('C uf r~"
dl:iHl'tiOIl, ..1\ lunch 1l('(-e:.oH.\f)' fut surh r~t"mplWj., t'J~ctlwr vdth irrev,n::ahle wnU('n In.."huctwn..\ IlU.
thoriling 1ll.Kh bunk or trt1~t c-om~~1\Y. ',)0 tx-half amI III tlw ('xpt'P~(' oi lh..~ corporation, II) caUM! the
I\oti~ (if r,"-del~I)I\Un II> be duly rn_lIed .md tht' publlc~tHH\ of :,u(hnoll('(' to l:/'t' made llf :-0 llulhuTU('(.\)
Q.o'\ ht'l"t'ln providt'd !.it leut 30 daYfI poor to th~ redt<I;lptlOll diltt:', and Ihcrt'UPUll, notwttQ~tandjHR that
any (,t'ltlikat~ fvf !lhar~ of Preff'nNi Stock lI') <:>ii1!.-ed {or I!.Jl.'lll!;II'JIl ~ha\l lIot illl\',' lX"l'll \\HH'l\dl.'r-ed
{or ci.!!l(,<,HallOll, all Sh.HC"1l d Prden"t'(l Stock with r{"\l>C('t t.J whi('h such d(,~"J'Ht ~all ha\'(i lX,,{,1\ IlHlde
"hall !I,) li)n~t'r ~, d(~nH.'d tv be out!>t<<llthng and fill fl~ht~ with fl'~p<?<l to ~lI{'h ShiH<.'S of Pr.dl'ul'{l S!o<:k
...hall, forthwith UI-,,,n such d'!P()~lt ll\ trust ~...~ and terminate, {'xt:;"pt ol;iy the tight 1,1 ttw holdn~
thel'(....A to rt:'('t'lVC from !>lIch hank or tru~l ('UIliP';U1Y, at i~ny lliiW ,,f\er tllt. tlllll' ...i finch dep.......it. thf! fOCo
J..mp\lill\ pm...:> of :'>uch !\ha<<'S fj.O to be r~le<Cme-t-l, but WIlhoul inh"r~t !herl'Oll
AllY lIiOIIl{',; ;,.zJ ~~t npart {or dq,.'!<:l by the ('or-poTatiOn (lml UI\dalll\l~i [It tb, l'nd of two Yl',H:'I from
lhl.' (\Ii\e flx,,,l (or :,u,h n'<l<'rnr....HiB ~hal1 b<> f'CpoiHl W the eotpuralwn UPOII Ih fl'qUf'!\t t":qHl'..,;,ed In a
It.~}illlloll of II:'; Bo.ard of Dlr<!Cloni, llf!<'f wh"h repa)'llw:'1 Ihe holder,. of I !I" :-hal\.'~ ~) (ailed fOf re-
d<.'lilpllOll ~h~H ~l()k o.nly tl.' th" cu!'puratiUlI for }..><lymt:'lIllh"H"Ji imd the dl.'l)o()~ltory ~h'lll he rellt'vet! l.li all
r{'!'pon~,hiIlIY In tl'~r.\C('t thereof
I. ta) r~('h hohkr ...! PrdNfc"(\ Stock ~hilll he {'nlltle,i \() on~ \'i.1\' {or I.'dcb ~hu{.' of ~\l(h Prdcrr....d
Sh)(:K lwi,l hy l>ul,h ~l,)d(_bold{'r ;II "I! nH>(-!1I1~S o{ the ,,\I;(:kh.,ldl.,t.. of 11;<' ....orl'or41I.'.1I 1>11 all mattus
other thull the l'kdl;.n d d.[t,ctur:;, A... to tht' ('1\'Chon of dlt(',hol'>. '\u lon~ a" hI k:1..t ~O,OUll ..hun:, of
Preii'lrl",j Stock all' ouhl.lf,dln~, till' holdcf'5 ef Ilw Prdern'd St,..\.-. "hill! 1,(' {'I1!II!u!, \'i.llll~ ~<,p.Hilil'ly
IH:d ;;,," a clas.s. to l'kc'l Ih\., flllnlli1Ulll IHlliiDer of dlrt'Ltor';; \.i lla' C'JlpOriJll'JIl Whllh " lii,.(.:;.....,<I>' to ('On.
!.lltU!" fit lea\t Ollt: thlld uf Ihl.' tot.al nUli\l~'r o! dIH't:wn "f lrw nllporatll)/l, und the rt.ll....lIldl~ dlfe<:t,)N
~h;.Jl bt. df"elt-J by liw holdel~, of the cla..~_" or d;;,,~(''':i: \!o(K {'1I111l.......! t\l \ot>:' Iheld...r (ullln Ihall Pr~.
{Nil"l StiJ{'ki ill '''.H'h lIl('(:tin~ of Ihe I>tuckho!der" hl'IJ for I hi,' purp"'" uf eln'llllg dllt'i tor'-. 1\1 "ny
llw~till~ ~} (;) lied , Ih~ pr~;.t'nn: HI per:>.:,n or hy pre")' of olw,lillrd of th... uubl...ndli\~ ~hari':, of Prl'"
inr,-'<i SIO.:Ji ~h<llI be rtqulrM to l;.m:;hlult:' Ii quorum IJf ;.uch ..1.1'<,'; {Of II... ('\{'(\lOll of allY dlredl'r by thl"
ho!derg of the PrdnrcJ Slnck \'ot!I1R a~ ra cltl-'\.S, If on Ih~ f<'(ord d:ih' \''otilhll!oiwd Cur d;;lf'III\IIII11~: !\tocK-
holder" {'otll!('1:llo vole al any rn('d!l1~ (If IIi{' !it'xkh(lldl:'r... hdd l'lr Ihl' purpo;.p 'if l'let:tllll: .b".'dnn, thl~
nurnhef of shflfe\ of P:-d<.'rtf'd Stud~, oi..lU.t"lIdil1~ 5h..;1I1~ It."., Ihilll 5U,f}(H). liw t1~ht of 1!1(' holdns d the
Pref!'rn~l St'>ck 10 vole ~ep8rately llnd ali II clA~~ for thl.' d!'{~t"HI uf (!if('(;tol<; of tin.' corpofallon ~hall
(hl,;<' and tt'rmlllate and, thereafter, the holder'3 d Pld.'rlt'd Stock ~.hiJll lx:, n'.tlt!.-d to ulli.' ,'olp fOf ('.(\d;J
~ll<lr(' h....ld lit all (i\;..('hn~!l (If th~ stockholdN"S d the lorporat:on
(11) VJhcn~vcr, al (IllY !lme or timl's, (Ii llllY (,}[,ynwnt of pnnnpal ')r prl'fj\I\J1Il, If ;.ny or lnt"H''>t !\hall
be made on t:1.H1HdctUill indt'bledrws.'i and illl i!CCnlc"j find ul1l',lId dl\'ld"llth un th~. I'rdl'tCl'<\ Stud, at
tht' next prl'c",ding qUl1rt~r')'l':1rly dl\'idend paYIJ\E'n\ d,1tl'. ",<,rc nol f.>;>;(\ II} fldl, or Iii) ,jc('nll~i and un-
f."'ld dl\;!(knrti on tlw Prd('ned StO<:K l'halJ ~ III illf.'ar.. III ;)11 ;lg):rn:al;> amount l.'qIH\'akl.1 Iu thn'()
full qu;uter'YE'orly dl....id...n!h (111 .-!ett'f!J\H\II1~ th(' illlluunt of dl\'ld{'nds In ilrH:'M'~ {<it Iht' ptHJ)(t~(''1 cd tillS
&C'tiCr. iJ(n) of Pdtt A only. tnC' full i\mOuilt of Ih,' ql!Mh'r'Y(>iHly dl\'ldr:nd !'ohall ht' !ncluckd for "ach
qu;:;rtl't.Yt'iHly dlvi.lt-nd WhlC:h wa' not pmd in f\llllf\ lHl'itllLlIlce wllh tn( l'P'':.I:>IOlb IIf Sntloll :i of tn:"
Pun A), the holdcc.. of ouL~tllndlng I'ri'ff>rr(>{J StlXK !<hilll 0.1\(', Ifl \;~1I .t! any \'ollll~, ri~ht In!' d,t<~tor$
povldt'<i for in S{'c\lnn 6(a) of tna Part A, !hf" I'XdU"I\'t> tl~ht, '-(JunK !>('p:nat<.:!y and it'> it dass, to
t>1t'-Ct tht> nurnll{'r of dlr~ton of the C'0rpor"llOn whICh 1<, np(I':'SiIlY tit {(In,,t,lulc' a llllllll:t\l!ll majorily of
Ih~ dlff'('tOf3, snd ,ht' f€.'lnillf;ir.K I!if,,><.:tor;o p..hi111l~ ('1..\\(,,\ by IIii' h"ld('[~ of thl' cla,," Of dcl"'~es 01 ~t,>('k
':00\1",,1 to \'01... th~r{'fl>r (,;thN thun Pf.:of<.ni'd S!;"k) tit hllh lIlt't'!IP~ of Ilw !>t(..kholdn', ht-ld for tlIP
purtJ<:.''.:-t' of cledln~ dlrt't:tof5, \lntd !iuch trrnt' as all <!,'n\!!:d iHlll unpaId dlvid..n;\'" nil Pldprrl'd St,x:k
",h~ll hA\I...l~1I p~al HI full, lit whIch l!no<' the rlRht ef !Iw hol<k!~ lof J'l{'{rrrt'd St"d( \1\ \'l!It' pUhUi1nt to
!h~ pro\'l'liol'\~ of thHl. 5N-tiOfi l1(b) of Pilrt A !'ho.lI i",rJlllll;,I!:'. 'uh)l't,t h ""'''J'<,\ll;~ III Ill.. evellt..( cadi and
t
~...rr)' 1>UhWijlll'nt ddtll.}t of !.h~ chafilCll'-f lInd (or tl,f' lillO{' above I1Wr.tl'HiCd
At llny tirn1'.' wh~'n ddault VIr!.n,: n~ht!l shltll, VIP-li;,nl l!J llw prOVI<,lon<, of thp. ~f'<,!: ." I;lb) tlf p;.rt
A. i~ Vi.."'5t{-d In Prdecrht Sl(xk. Ih.. President. or Rny V\l"~ Pr.".:d('ol, Of the S<co.,tary Of th., Tn';("uft'r o{
In.. c"tli<natJon ~hali. upon tht' wnU;;n f"'llie;;1 of thro holdn.. of rNilfd "f ill kii'ot ten I,-{'rernt (10',:) of
Iht' tollll number of shar~ of l'rf.f('rr,~i Stod< (;u\~,!.lnding, ilddr~>,~d III tilt' S':(letufY (d Ihl' (ilrporiltlon,
(Jlilll ~I-~dal mM;lm~ of h.)ldN'O of i"rdl"rred St,x-k ilnd o! ,Ill',' olh"f d.!.." or <:lw..'<.t.." of <,t,,,,'k j,;'VIllg \,1,1-
!OJ( pf)w~r With rt-~~'llo tht' el(>(IH,n ..1 dllt"ctof1\ Such Jnm~ttn~ ~.hilil },..' hl'lrl ilt llif c';HIlI''''! I,r.iltlcahl",
da!t' at tht! platt l$t whl(h Uw [i:,t P"C{.Jil\;.( i'lnnlJdl In('('lillg of 'it;;.:kholdc'rs o! l;w \'orp.' r.:i I 101 I wa.., hdd,
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