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4�� 1VIISC ��.AI�T��TS ��CO�D S TNEAUOYfT111Ht0.12787 ' � � �' all dividends upon the prePerred s�Gock for the current year and Por past years, when dividends were not paid on the prePerred stock, if any such years there be. In the event of the dis�olu'Cion of the corporation, the preferred stockholders shall receive par Pior their stock, plus dividenda as above provided to the date of distribution of assets before any dis� tributlo�. ie made of' the assets among the common stockholders. The balance of the asaets, aPter the payment of par and dividends to the prePerred stockholders, shall be distributed among the com- mon stockholdera. At any time the Board oP Directors shall hr�ve the right to call in and retire any or alI of the preferred atoe�C by paym�nt of aIl dividends Fage #2 II1 (�c�ntinued) ' thereon up to date of r�tirement and payment of par for said _preferred stock and a premium oP �5.00 per share, provided tha� notice of euch retirement ahall be given to the holder of record of the prePerred stock 15 days prior to the date Pixed for the retirement thereof by the resolutiqn oP the Boaxd of Directors, and aPter auch retirement date, the owner of said preferred stock or- dered r..etired shall h�ve no rlght �o vote the same at a stockholders ' meeting, nor to r�eceive � dividends after said retirement date. AI1 stock oP the company which is unissued and in the treasury may be issued to such persons and upon aueh terms and conditions as may be fixed by the Board oP Directors. . Iv �he time oP the eommencement of this Corporation shall be the ].2th day of July, 1�94, and ehall terminate on the 12th day oY July, 194�, unless sooner dissolved or continued in accordance with law. V. The higheet amount o� indebtedness on Iiability to v�hich this Corporation shall at any time aub�e�t itself shall not exceed two-thirds of the subscribed and paid capital stock. V1. The business of' sAid corporation shall. be conducted by a board of directors of three to be electe�. Prom amang the stockholders and shall hold oPfice for the period of one year and until their suc-, cessors shall be elected and qualified. In case of vacancy the same ahall be filled by the remai�- ing members of the board of directors. The first election of Directors shall be held on the 12th day of July, A.D. 1g9�, and thereafter annually on the second Tuesday of January in each year. _ VY1. (A8 amended by a Special �eeting of the Stockholders on July Ist, 1927) . The oPficers of said Corporation sh�.Il be a President, Vice President, Secretary and Treasurer, Rha shall be chosen by the baard of directore from ar�on� their number and ahall hold of'fice for the period of one year a.nd until their successors shall. be elected and qualiPied. V1II All co nveyanees o�' Real Eetate or any interest therein whether by deed, mortgage, lease or other- wise ahs�.11 be made by the proper instruments of corveyance sealed by the eommon seal oP this Corz�oration, and signed by the President or presiding officer of the board of directors and the Secreta::°y of the Company. page #3 1X `1'he manner o�' halding the meetings of the stockhalders for �he electian of direetora, the electian of oPficers and �he method of condueting the business of said Corporation not herein provided �'or,, ahr�ll be as prescribed by the by I.a�s adopted by the board of directors. , IN TESTII�ONY I�HEREOF we hane �Zereunto subecribed our names this 12th day of July, A.D. 1�94. (Si�ned) Frank Colpetzer (Signed) Charlea H.Guiou (Signed) Trypher�� bd.Colpbtze�r Filed �or record this 21at day of November, �93�, at �:4� o'clock A.�. ' � � � 'I R�giater—of��ee s �