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HomeMy WebLinkAbout2639 ~",,:.,w> ~;_~~-___- ..:. d~~ ~{;;,..~~~..:,:~, ~"'-5..n-~"";;'~~~''<~--''--'~~~~-: ;,...."'-" yz, ner'49') o. ~.' bf)'1~ .-t tJw el(pri~ ()f the ror""yorahuf', to {'aWlt' not:~ of redt'fllption 10 btr duly mallt"d 3"d Iht1 pubhcd' tlon of such n<-.ti~ 10 ~ nYtde ~fj h~r~Jl\ pnwid.-d ~I 1~.Il.'It 30 da)::-; pnor to tht' r-edNl\pt!Ofl dilte, In tht-' ('V~nt of tlw d~l!ill with H.id trust IXlfnp.ny of the MIIl1 n-qUiff..'<i 10 ~ IiO dt'po5Itl~1 pur:tllllnl to tiit> pro...wonos of ll-.I.i ~Ion ll(a), I i-K>reupOfl, lieJtwlth,tt<ndtnK thut any cNlltk..te fUf shJH~ of Pnd!'tn'<i Sl(."<.'~ M> ('..Unl k.t reJl'lllptiol) !'hAIl :lvt huve t~n surff'ftd~r("(1 {or \.'tHH"t'l!..ttc,n, RIl wre-s of P~t'!'rn.o Str.>ek shall 11<> l<.:nRt'f bl(' dt">,'1I'it"l1 10 be outqttlidllll\ illld ull ri~hl'l with tt'~r,e,\ In !l\Kh l!l.l-..1'6 of Preft'r~ Stock ~,lW\II, {otlhWilh upon ~Ill.:h del'oy..t III tru~t, n'a,~ .Hld lI,'!i II ll\lItl', ~l(N'pt unly the flj.tht of !tw huldl:.'pi thea",A tll rl.:"'i:l"...... fHlm !O\i(h hu,t CUliij><illY, lit Any Iilfle after the tmiC uf ~Udl dt'PO:>lt, lh~ re<!('lnpllvll pn('\' \If ~u('h ~l',\fl"... ~u 1,0 Ix' h'(!t"t~lI11'd, hut wlthoUI 11l1l'T('\i l.h~rt:'l.rn, Any III'Jnil'j 5U ~I aP'1rt {or d('lJ'J',it b}' tilt. corpur,'II<Jl\ nil.! uncl"im("ll Hi tht> (,Ild of Iwo ye.ilf'S fr'um Ih.~ d~l<.: Ilxt-tl for such rfth~;nptlUn l'11,,1l lx' It' p<l Hl III thl' ..,'rporatIOI\ UPOIJ lis h'"<l\It'!l1 (>~p~o;.ed in Ii 1't,,.()luIHm oi II.'; Ho..HJ of Dlte-t:lub, .I!tl'r whIrl! (t'I"')'IIH:hl Iht, h"ldJ.'rs of thl' shnfn w n.lIf<;::\ (or tnkll\I'IIUll ~h.tj!l h.."k "ill)' tlJ the l'\)II",r ,!!HIll for 1\.iI}'ml'llt tl'li'r("J{ (b) CH'l'Itt'. incur or a..-':"Ullle uny l.'.,ntlil(tuill tlld('h\(~IIH;'~" ('_'Ih~r than CUill!iH:tUdl llltll,l,ll"(lne",. of tht' (lHp<jTlitiun lJuhli.lndlnj.( on Ihe diOll' of IliI,~ illlwndllit'nl. aft-'f jo\lVlllg died k Ih\.~ IIwilo:t'r dh'dl'd by thl' ^~rN'ITl('nt .if MN)(l!f fdNl N\ ~.\hh .L,lt., ..r OilY ullIlr..duo.il \nJebk,inp~ HI fin .....lllal a~~Il'~ill(' prHKlpt;l1 arrxlunt n:pr'-~nlinK t'xlenSHms. l(.l\(..,..,i1h l.f Tt'lul\dl.H: "f s\Ii.:h Utit~tiH\(hl\~ (ullII,\,lual 1I1. dt?bledl'.<"S.,,), unll.'3.S th~ c.VI~r"t\t}n. (i.... i\ part o.! untl.... ,1 n,ndillllll pft'Vt..'\,h::nt to tIll' l'H:;,iit;Jl. 1I1~IH rail'" \.r ll..."5\JlIiptlOri ~,f MH:h cunlrilt'lu",l IIHIt,btc,':lrH'....., .0\'1'1\:.lIh "lid agrft..., ,1<llh Ihl' holder of lIil)' ~Udl COll- u-.H:tual indebt(>(ln{'5..'>, or liUl' ("'.'(iknn'!> thl..."..,l, iJl:d ...\lell hoider l"OVl'/li>nt:. iilld ...gru',.. wltl, lill' ('0'1"1' tlll.wn by In,'" v.cc~ptann' thn.:of, Ihi"!1 p;,)' I l\(,ll I "I the !HillClpal of un" prl.'II\I\lIll, II ,tny. dllli 11I1t'1.,,! on Bny Qlid nil !>ud\ l't.nlfiilluill illddJI,.dn(',,~ I.. "'<jHts,l)' "iu\);'rdHIiIIl,,1 t,. th,.. i',delt! and ~ll 11,1' lIlilllllt'l heft'lIi Hl thu Part" set forth. 111 fl).:ht ..f p.IYlnll\t in 1111' po' 'f p.I)'IIWnt In full I'.ut iii gao; j.';iithPrllig lfK\.lIH' In fitlY (I'Wrtl'f,YS:-[lrly dlVI,l..lId l}i'l io..! I.f ,.11 m'lllit"l ami llll,..lId dl\ Idl-m!;, ,;rt th.' Pr..t!'tTl,d St,....,).. and to Ih{' I'Twr p;~)'!\);:1I1 ill iull ..tll oi hil'i !-;..Ih~'rill~ a...'.'I... L'r out"! tll!' I'fI.....{'.,d.. ,.j lh.. ....d~, 01 otht'f di3!)(.)"iUon o! thf' g,,~ KQthNlI1R C1:;;:..ct,. of Ihe <Jl'ph,,(,blt- hql)idallll~ l,rd\'r"IH,:(' of tll" Pldl"1 r,-d Stock. Any cQnl:actual inth.'bt.:dn'-'l>-'> IA'niHlt",1 10 L.. ,t(';llt',i, Incurred or """wlll',1 by 11ll' ('oq".fi.IIOll II: Qc'('ordanc(' with ti\(. pr<,'\'I..!lJn.... of \lll~ St'dl"n 11 of 1\111 ;\ ~h,Jl\ \>l' sLlhJC'd to lilt! /..I!.,WllIg {urlh,,'r t\:rm!llih\.i tt>mhHl)u.'>: (I) th~ 001<1(';1\ of 1111' l'n-!Nr"l...l Stp{'k !\hnll lin.l Ii<' f'll!ltk.d I'> ""('1\" pay:n(,lil III lull lOt "II ;lr\:.fUed and unp,11..! diVidend.. aliI I o! <:a..h 'llJilrter.YNtr!y dlvid.'nd on lill' l'fdennl SII"\.: L....:..Il, the h.)ldel:!l o( ,'Onlfi!dll;;\ inol"bl..'tllio.'\ :o.hal! IJt" l'nlllk(l t.. n"(';IH' ..ul "I illlY ga-, ~:."hl'nng IIH I.n',,: {'-lId Qr acclIllng to thl' fi.,rp.j(ilIIO/\ dUrillg ull}' ~udl qullftcr.y..'..r1y d'\'ldultl j)('rl,,,J, i111~' P,I;.IIH"fll upon the pnncip,al of and pn'lJ\lUlll, if HllY. or Intt'le;.t "1\ uny .,\lct. l'onlludual II 1l1.,bh...1 nl':'>.:'. and, many ("..ent, no lJiJ}'IlWIiI upon th(' prili<.ip;II of and pr...mlllm, If ilOY. VT lli!\.'H'!>tlill ilny u'filrild\lal lnJt~bti'11!H.':5,.. ",}...II be !IMd(' l.y tht' l,,,q~!ral!01l dUring nn}' quarlt:r-}Tiuly dl\ Idl'nd !)('riUd If. .ilier ~1""Ul!!: died It, !tlKh !"IYllH'nt. I lit, o:or p..riJIII.i1 .oill'! I!~jl 1\';:..lIy d{"('\;H" and 1'<')' .1 'h....Hknd on th.. Pre(('nro S{(<(.k ..qual III tilt:' l!aKT('~"I(' \0 Ih<:' Sllll; of !ill [;('('nw.d HId UlIJ,.\;}ltI dl\,l(h'nd.. ph., :h., l($Scr of (x) s,:n~ tl!lH'~ thl' Il!Jln\;{>r d ..}H'l{,"l of Prt'h-rrNl Stock I'll the. lOot' oUbtillH11I1;::, "1 {y} !oliL'l gath{'ring income il(Tna'.<! In tlw ('lirJ",r.lll' II dllrlll~ tilt' qunrh:r-YNiriy dl','\dn.d l.,\,t!"d UlJ' mei.Ii.?t",ly pr("l:~II!'S( 1h(' qUiliter'Yl'arly dl\'llknd l)(,rlod 111 \vhiC'h such payment i... pn,v~l tl! bt. r~~. (Ii) Up<.'fl iU.l.j;',..di'<!l'nnlliOll d ;...<,('L.. <A tl\&' t:ilrp"I<11H11l upon M1Y l"<;.~"lllli'-'Tl, wlndHlg up, llquid.!I""!) or rNH~.l!"hit!Oll pf lh.' nHp"llltl"n, ..dwtht'T III h.'fI~{TlIpt(y, ln5o!vcnry. f(..q:'.lllll.illl.n or re;.:clVCrllflip PIIJi.('t"<J:ng.'l PT upon iII\ i'''~il~I'il\{,l\t f'ir Ihi" hiT.elll of nl."illnrs or any olht'r Illill' !l1\i11\J/i~ (,j the 11'>"-:;'; ,.n<l !whdltll" f,f tlie,' cOf!""r;\lwll or olherwb..... (A) th.. I-til''j ~~Blh(,T1ng Ii!o'<,{'''' "f Ih~ n,rp<)fiilwl\ ..Iwll. II' thl' i:xll'nl IlI,t lIlU':L'I,t"l\t ;.villl tLl' ri;tnl<; of nc-<ht"r~ of the ,orpoTal;',!) "tlll'l than h"ld..-rs ,A (on\r.l{'tuill11!l!I,blnb,::.....,I)l.~d 'l(kirt ..nd ~t)ld U'i <.lll'litlr('ty. I'y o,u\.'I"nll.lliy ..... ;"'1 l'ntildy. (or II,," prior h'~l!d'.t d tfw h"ld"f' o( t!lf' Prdu:'l"d St.,>(k, and Wi' PI,,(~,,",h "j -,tiel I i'<J!.. lo-},i111 Ii(' ..n "'ri>rl for lhl' h<'llefl! of Ih... h<dd!'T" of tilt' Pn'fl-!i'{"(1 Sj.xk r;ILlhly ;HT'jf,Ln;.; ~.. lilt' n>i!<(If'~ill(' Hll\Ollllb t(,!I\:l!nln~ ullr><wl .,Ii illit,unl (If the liq',id..tlny, pn-f!'H.nn' .!I.d th." tic(iue-tl nnd ul\l'iliu tliVIJ\'lI(l" l,'lI thi" Prd"rrhl SI...,:k. III the ..',ll"l1t 11/;'i,(':'>.'\.ary !q 14lY :'>\I,h fiiJ\"linl~ in fIll!. (8) ihr- ho!dt'N ,,( PH'kln"l S\oo(k ~hall fir?l 1)(' t'ntltk,,J tn n~i:iV(' p<lyrn~nt HI full of !\;{> IIp-~k.b\e bqlJldatlllK prt'f"rt:I,({' of the Prdi"i'H"j St,,(X, ..no il.:nue-d ~Hld unp:lid d1vhkn,h 13 """" __~~_}' ~'-""'2-':"_":~':;-'-.'v:.. .~""~"':"~:,-~~-:'!.~ I""-t.'_"'A'-:.;.-o;.-.r"f._',,'-:I-';. "ic'~1':":''4;;'' ~-:----:'.;-;"- =-:_l~~ _~~~~'"~~~_~,~_~_.