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32 rrr4D3
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dilu~ (c). then,lmitnd Ilfter January 1, 1961 .nd unlil a "Hihef ..1Iwinwnt IS H'q\tlfCd to hI.! mliJ~
pursuant 10 \hi.... clilUS(! (r) tho! colw~"lo(J rate ~h.ail be E'qlJlillo B3J11.OOOtlu tl( tlw Cl>llH'Niun rutl.'
ll\ (.Hed ill lht! d<JlW 'Ji hWiines.s on [}e("t~mbf.r 31, 1%t3; If on or proOf to Ikc"lIIl~r :U. 1~)7 Ilw eml-
version nite h...... bet>n adju..tt'd p\..InUilot to thill da\l~ (r:). tht>n un and after JillIliiHY 1, H~ and \.IlL
tll a (lIrth~r adj1.L<.lmenl L'I r~IHred to 00 marl~ p1Hll\J8111 10 lht.. d..llW (e) Ih(' evllver---Ion n\l('
!'hail hr.' equal to 777 /8.'\3nb (If the CQlwt!uion rat~ in ..!Icet al tilt' clo~..t' of btl~IIl('~" on I },,-c(,lIlh~'r 31.
1967, If on or pnor to I~mbfor 31. 19t\B tntl C'Olwer'!.lOl\ rail' has 1Jt'{'1\ i!dJUSIFd 1'1It"\uunt tll thIS
c!il!,~ (S), th~n on and Aft~r Jarluary 1. 1969 and unill Q !urthN aJ)u!>tllwllt IS H.'l!Um>o to In.' mtHI....
pUr"iUllllt to tl\l" d9U1\o(' (f') thl' ron\'t'r-sion rllt.., lihaU 00 t'(lUal t'lli25:1i7tb,'i of the COl\\'l't..lOIl rat!:
III t'flK't at lh(' ci()~{' of hllilfl~" on Ik'-c'l!'rn~r 31. 1968; if un ur pfiu; t., De.-crnl.....r ~H. l%~l ~he (1.'11-
\','I1\ion fut(' ha..'\ ~~n adj\j~ted pUN-uant to this c1au.s(, (e). thell on and after .jiHlllJ!:" 1,1\);0 ,;nd
lint!! ,I furthet adlll'itJnf'lIt i>li r~luin.-d I.) be mad(' pUNuimt to tbl'> d~u;.t, (.:) lfH' CDfWt'r,.;OII tilk
70hall he ('<lual to 5!)(i 6251\1.;,> of the c(lllven.ioll ule Iii dTl'ct at t}~ c1Olit, oi b\Jsilil"" UII Dl'N.'mher
31, 1;)t}9; If Oil or prior to l}ff(,!l\~r 31. UliO th~ (:tJli','erSlOl1 rut\' hilS ll\.'t'1l mljllstl'{l pllr:>uunt to
IhLi dau".,' (e). illl'l1 on and ah~r Jal\uary l. 1911 nnd until a fUI'1hN "ildju~tll\t'nl IS l\'<IIJ!l'l',d
to I~ madl' plJr~l.l1Hlt to tl\l'$ dll\.J~,l' Ie) th;> l'On\'t'NIOli r.,te !.h,,1l. he ~.qIJLlI to SOO 5S6th.. of
the ('(lIl\'t'r-,.;jon fillo:- In dIed at th-l' d;)~(' of bu:oines.s 011 l>u:cmher 31. HfiIJ; If 011 iiI' pllor to Iku,'I1\'
boN :0, 1\)71 IIi<' COI\'~'~\OIl nti.' ha.~ heen .lld)w,tl...J pur'5usn' t,). thl~ d,.u..e (c). Inl.'1l lIlI atHl after
January 1, 1972 fll,{J ''::;11111 8 further ~tlju:.lment i,.. t{"tjula"l tu h<< rnud(. punuallt IlJ !hl.. \'b\l~ (c)
Ih\:' CQnv{'f~jon relt' !\nilll be e<lual In 3....\J/500th,~ of tho" conVl'r:-loll rcile In cl1t'cl ill till:' clo~c bIJ''i-
II('M on {).ect'mwr :n, 1971
(xi) Shan"~ "f Common Stock owned or held hy or {'It th(' iic('ounl of Ilw r.,rpm"IIPt1 !iha!l il('
d"i"lIll'ti to be 1"'"U(>f.! and o:ibtal~dllij.: for the IJU:PO~"J of thl" &'dIOl) 7;
(t!) \Vht'll,-VI:'T ttlp Ci)rIVN!.iOI1 nite L" r<'<lUlrcd to be "djuqed a" pro\'ldf,d III clIlU~{' it,,) Ihe' l'orpOfO-
\JOI\ ~h"jj iorthwlth n:lIlpute II'Il' ilJjU"H.'J ronver:;IVli tilll' III i;(..:ord.iIOCl' With lhl' pro\',!\ifHI" "f d,"u,,"
(e) anti ~hall prt'pdT\.' i' Ct'rlllil'iJll' c)f It.. tH'a",ur.:r ..dtmg forth ~lIlh iHljlhled roll\'U'.I\lrI rille .lntl ~h"w.
IrlJo: III d~tall tht' fM;l... UIXlIi willeh '\uch lldJu~Il!;t"nl i.. h<i,t'd, ilLi! ..\lch .'l'fldic,tll' ..ildii forlhwlth ht' filed
With tht> Trdli,Jer AI!,l'nt for tilt' Prd€'rr<,'d St(;(:k fInd thN....I[(N (\InIal fm!hcr nd)u,tt-dl ltw ildlU~ll,<i
cOllvt'f5iQ!1 ral<' I'h"III)S_' M wt forth ltl ~lld cerllflC;;!C. provll.it-d thill till' <.,.)fn~uldtlt;n (,{ tIll' ;nljll"h'.j
N.1O\'t'f!<ion raIl' shAll be f('vu'w(--<! ;,;t 1<:1\'>1 annually by Ill;: Im.it'p<"lldelil pub!i" .1C(O\Jnlilllh Iq':\lI.nly em.
ployffi by tht' corporation ami ~;ald aC1;'Quntanl'\ shall hk H c"rrl'd('{l lulllil.'illl'. If H'(I\:<1('(1, w;th till'
Tril!l"Cer ARcnt Tn~ Tran,..i('r 1\~{'(lt ~hail nol he <!.-':'inl'.d to hil\"~ an\' kn".,dedl't' (jf 1m)' (han~(' ,Ill :he
capllnl slrll((Ufl' of th~ corporatioll and may nC('{'l't any u,rtlhc.itt' ill'H'tIl11h-r ii.. (Grld">;l"t> ('\'Id"lll'l.' of
sli<li'iTlt'iit... th~~1li cuntaillM and r.hu!llx> fully prott'ell-.! wilh r(:~pt.(': to aC\lUil by II III f('bi1IKl' th<:r'(,OiL
(d In ,'ath Ce,~ Whl"H' rd('rt:'o~ b I/ill.Je to the COl11l1ion S\;<<:k of \h{' Ullpnfi.I!OIl 111 !h{, ior,',,:olng
I'[O\'I~\fJf15. \Illl~ss Ii dlfl('[f'Ii\ mlenllOO I" expH'......ed. ;,uch ld('rl.'nt~' I~ III the ('orlllliun S".d'. of thp cor-
p'-lrat"J!) a.. !iu(h !l1()ch (,)O~I$ at Iht' elf;:ctlvl' d"lt' of lill~ ,!HlI,..dn.!'IOt to Ihf' Cprtlrlciitt,' of Inc(Jlpor;.il!oll
of the coq)<}raliO!i, ur ~Iodl; IIIt,) wruch the HHl\l' In,,)' lx. (h"I1~:ul from t1mr' I.) 11Inl:,
(I) In ('a...~ III any Umt':
(I) lilt' ('crp<)fallo1\ ~iHlll pay any dlVldl.'nd p'lYill,l~' III ~hilf{'~ UIXJIl ib CI,rnm(JI) SLK'k or mllk(,
any (\1.~tf1but:(Jn (othN than {'a.\h dlVlfit'o(h) I., !l... h,,!d"f'o of II" COlnr""/\ Slo<:k; Of
(II) tll\' eorpot"ilon !'<hHil ,,11('r f..'f ~uh.,.cnpllO!l 1'111 r.,ld to thl' hold,'ls d II', COrlim..n SUl(ft. any
8ddlt\On~1 <<hl\r>,c'I ()f Imy cllL<..S or any other f!){hh: 01
hill of onl' I'flpltlll r'N>:l'(iHl'T.atlOfl, ,~r r~dil~, licitl!"li ..f tht, "iHft"" of the coq)>(.r&IWll or of th(!
(on~ohdatlOn or f\1(,'l)~er of In!' Ci..lrpor<!tlon With ,'nollH'f (.npoflillIJtl: or
(r.') of lht' ..oIunl"ry d~lutl<il1. 11'1\wiatlOn of WIIHLng til' ilf th€' ('(,q".raL(!tl.
Iht'll, and Iii ijny [>0(> or mor~ of uM ca<.c's, the ({npor..l"," ,h;.I! CIIl'H' Ht 11.'i<~1 10 ,Lys' .,nor nolin' to
h~ IllIl!lt:..J to Ih~ TT~n"i('r AgNlt~ for tIll' Prrf('r~ StoCK <;lld f,.r the' Common St,'('k and II} Sland..n! &
PO()r'5 COrp(Hatwn !lnd'or MOQdy'~ IrW€'!\IOT ~rvicf' (III In all\' or~ilnll1lI){Jll ..\J{'e{,{~lllg tll thi' nallOord
fUlAndal rqy.Jrtlt\~ 8ctlvd'i:$ ('.f ellher tof s.lId finn:>.). (jf thl' d,H'." on whl('h (l!) tht, bo..ks of thJ" (Orp(lfilllon
~h;;!l (')'1"..-\', or II n~>('Qfd l>€' t~kcn for such ~tfX'k liJvi,h'r;d, d",llIhullim or ~uh~nlptll)n n~h!.'i. or (;') such
c..pit..i rJ.")rj,.iinIJiCtiOn, ri.'{ 16.~"dl(il\it)n; CUf1,\o!ichtlnn. rnf'n:;,"r, dl.....o!\1l!on, hqUlllflllilO or win<illl~ up shall
Il.Kf- plJi(,(,. 3'" the ('"..,<> r;\uy ~. Such nolt(~ ",hall ahu !'fK'('Ify t!w da!" fl't of whlr-h hohl('t... of COinlJlOn
~Iock of rM:<m.i ~p~li p..ullClp...ie ill ~d dl\ndend, dl:o.tnb\.lt;on (Ir SUhSCriplHJn fights or shall b(! t'nlillt'\i
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