Show i NOTICE OF INTENTION I TO AMEND articles e of cf f incorporation of ot the J. J C. C P Penney company Notice Is Liven that a special I meeting of ot stockholders holders of ot J. J C C. Penney Penner company has b bf en duly called and will beheld be beheld held at the principal office of ot the company company company com com- pany at suite Boston block in Salt Sail Lake City state of or Utah on Monda Monday the day of ot August 1919 at the hour 01 of 10 oc o'clock ock ock in the forenoon of said day for the purpose of or considering the question question ques ques- tion of ot increasing the limit of ot capital I stock of said corporation from three million million mil mu- lion dollars to fifteen million dollars di divided divided di- di vided into fifty thousand shares of common stock of ot the par value of ot one onehundred onehundred onehundred hundred dollars each and onehundred onehundred one onehundred hundred thousand shares of ot preferred preferred preferred pre pre- stock of ot the par value of ot one hundred hundred hundred hun hun- dred dollars each Said preferred stock shall pay cumulative dividends at atthe atthe atthe the rate of 7 per annually in equal quarterly instalments shall shaH be preferred pre pre- erred as to dividends and assets over all classes of ot common stock and shall shaH be I non ass non The holders of ot said stock shall be free tree from liability for tor the debts of ot the corporation and shall have no voting power except upon the question of ot selling conveying transferring or o otherwise other her her her- wise disposing of ot the property and assets of ot the corporation as an entirety or except except cx- cx ex ex- in the event of ot consolidation or merger merger mer mer- ger geI or except create any other class of ot otI stock stoel having priority or j parity with said I preferred stock or except to guarantee obligation obligation obligation ob ob- ob- ob stocks or dividends of ot other corporations corporations corI cor cor- I or in case of or certain defaults In the I payment a ment of dividends Such preferred pre pro stock shall be callable at one bundred hundred hun bun dred five dollars a share and ac accumulated accumulated accumulated ac- ac cumulated dividends and upon liquidation liquida tion lion shall be preferred for tor a like amount and there shall be established for its retirement re retirement retirement re- re a sinking fund Provision shall shaH I also be made d for O a definite amount n of Sl quick k assets and n earning a before payment e of ot dividends on th the common stock The corporation shall not Incur a funded debt without the consent of ot two-thirds two of ot the preferred stock outstanding and It shall have such other preferences rights and privileges as the said meeting of or the stockholders may approve The said meeting will be held for the transaction of any other and further business which may come before said meeting meeting- Dated at Salt Lake City Utah this day of ot July 1919 I EARL C. C PAStS SAMS President |