HomeMy WebLinkAbout0947 ~ r
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r~a ~OTHORiZ~D OAPITAL o! th• OoApsny to b~ di~rided iAtio TMreaty-fi~e .
rhoueand ~25,OOOj prei'erence shar~a ~rithout par valus and Fitteen
,
Thouaand (15,000) commos sUares Mith a p~r ralue af Five dollars
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_ (;5 ~ each; provided that the prefereaace eharee sball not be isaued
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for a coasideration axceeding in azaount or value the sum of Twenty-
five Thousand dollara (#25,000) or euch greater amount ae tY~e
board of directore of the Conpany may deem expedient on payment
. to the Treaaurer o! Ontaric of the fees payable on such greater
amount and oa the iseuance by the Provincial 3ecretary of a
certii'icate of such paqment;
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TH$ H$AD OFFICS of
tihe Company 'to be situats a~ the said City
. of Toronto; and -
THE FIR3T DIBECTORS oi the Con
pany to~be Jaaes Ditson Ser~ice,
' James-Walter Mcllaain, Bo~erley Ellen Daviaon, William Norman
i
~ Allan and Warren Armstrong, hereinbefore mentioned; '
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t AND IT IS HERBBY ORDAINBD IIND DBCLAR~ THAT:
~1) ?he holdera of the preference eharea ehall in ~ach ~ear
in the discretioa of the directors, but alMaya in preference
and priority to any paymsnt of dividenda on th0 commoo aharee
for auch year, be entitled, out of any or all profits or aurplus
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available for di~idenda to aon-cumulative dividends at 3ix centa
(6~) per ehare per anaun on each paid up preference ahare; ~f ~ ~il
in anq year~ atter providing for the. ~ull dividend on the pref- ~
erence aharee, there eb~ll r~mai.~ any protita or aurplus available
for dioidenda, euch profits or aurplus or any part thereof Qay,
s~K545 P~ 9~6 ;
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