Show I I I NOTICE OF INTENTION TO A AMEND articles of If incorporation of the J. J C. C Penney company Notice is hereby given that a special meeting of stockholders of J. J C. C Penney Penne company compan has been duly called and will be beheld beheld beheld held at the principal of office rIco of the company company com corn pany patty at suite Boston V block in Salt Lake City state of ot Utah on Monday the day of August 1919 at the hour of 10 o'clock in the forenoon of said day for the purpose of considering the question question question ques ques- tion of Increasing the limit of capital stock of said corporation from three million million mil mil- lion V dollars to fifteen million dollars di divid divided dl- dl vid vided d into fifty thousand shares of common stock of the par value of one onehundred onehundred onehundred hundred dollars 00 each and one onehundred onehundred onehundred hundred thousand shares of preferred preferred pre pre- erred stock of ot the par value of one hundred hundred hundred hun hun- dred dollars dollar each Said preferred stock shall pay cumulative dividends at atthe atthe atthe the rate of 7 per annually in equal quarterly instalments shall be preferred preferred preferred pre pre- as to dividends and assets over all classes of common stock and shall be non assessable The holders of said stock shall be free from liability for the debts of ot the corporation and shall have no voting power except upon the question of selling conveying transferring or otherwise otherwise other other- wise disposing of the property and assets of ot the corporation as an entirety or except except except ex ex- ex- ex in the event of consolidation or merger merger merger mer mer- ger or except create any other class of stock having priority or parity with said preferred stock or except to guarantee obligation obligation ob ob- ob- ob stocks or dividends of ot other othe- corporations corporations corporations cor cor- or in case of ot certain defaults in the payment ament of dividends Such preferred preferred pre pre- stock shall be callable at one hundred hundred hun hun- dred five dollars a share and accumulated accumulated accumulated ac ac- cumulated dividends divIdend's and upon liquidation liquidation liquida liquida- tion shall be preferred for a like amount and there shall be established for Its re retirement retirement re- re a sinking fund Provision shall also be made for a definite amount of quick assets and earning before payment of dividends on the common stock The corporation shall not incur a funded debt without the consent of two-thirds two of the tho preferred stock outstanding and it shall have such other preferences rights and V privileges as the said meeting of ot 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 Dated at Salt Lake City Utah this day of July 1919 EARL C. C SAMS President |