Show SCHRAMM-JOHNSON SCHRAMM DRUGS INCORPORATED i Eight P Per r Cent Cumulative Sinking Fund First Preferred Stock Pat Par Value Dividends to lo be paid quarterly on the tilO first day of or January luary April l July and I i October Callable as a whole or in part at tile the option of the company on OB any divi ji date upon fifteen days days' s' s notice at and accrued dividends Dividends exempt from the the present Federal Normal Income Tax TRUSTEE REGISTER AND TRANSFER AGENTS Tracy Loan Trust Co Salt Lake Lako City Utah Columbia Trust Co Salt Lake City Utah j I 9 I CAPITALIZATION Upon completion of ot Ir present nt financing i 1 1 Eight Per Ier Cent Cumulative Sinking Fund First Preferred Stock M ne Se seven Sen n Per Ier C Ont Cent nt Ir Preferred d Stock 10 In Treasury ury one oDe j Common Stock HH JO HISTORY A AND U 01 Or BUSINESS ESS The Company wn Incorporated nailer r the ilic ln In of or the SPite of ot Utah In 1000 succeeding F. F C. C st and I I V. V J. J Hill Drug Dreg Company t vo companies that bid hit been established for tor over OHr fifteen n prior to this thiM amalgamation The Johnson Drug Dral Inc carry on a n retail drug business bulu having n a chain of or seven atom j In ba Salt Snit Lake Inke CU City one In Eureka Ut l' l 00 one In Nevada anti nOli one In Price Utah I Or i First Preferred Stock or Its UN proceeds will he applied to lo retirement of or the Ibe p Pru 1 rut ent 7 Per Cent Preferred Stock outstanding and to the payment of ot current liabilities to 1 of ot working orkinI capital nC necessitated IJ by the present of at business demanded of ot the Company J Ill maintain nt at nil all times Us If net current nies nt at an amount The hr Company Compan will equivalent elul i lo 10 i iPer Q I-Q p per r cent net C equivalent to 1 per cent of ot the n par nine value of or Preferred 1 Stock outstanding No o or lien upon fIel assets other oilier than tInn purchase money obligations c enn nn n be he place without the consent conent of at n a majority of or the lr Preferred 11 Stock nor can the Company or negotiate any i 1 bonds honel notes note or any other oilier funded obligations other oIlier than limit purchase money moneT obligations without the COB ee sent Cot of n ii majority of at the Ike Preferred terr d Stock 4 The First t Sinking Fund Funil I EIlt I ht Per Jer Cent P Preferred Stock i Is I n first t lI lien n on the entire n et nod and earnings of the Company except for tor the mortgage on 00 the headquarters office building SINKING Out Ont of ot the net Income after payment of or P Preferred dividends ll for the fiscal period sdi March 31 U. U 1021 each succeeding fiscal period the Company Compon will III net iet aside n with the Trustee not leu lesi then than 3 per p-er cent fOnt of ot the maximum amount of or such l Per Cent erot Cumulative Sinking l Fund First Firt Pr Prefer Preferred Stock outstanding out during the hn twelve he months period preceding the dote date of or such sinking payment for the redemption of or this stork at nt 10 ond accrued ll dividends If not purchasable nt ut n a lower loner price TI This obligation Is cumulative no so that n a minimum annual 3 per ier cent Sinking Fund i Is III assured to this Inane isue n STOCK Additional Issue of ot this I First Preferred Cumulative Sinking Fund Eight Per ler Ce t StO Stock lt mn may he be made up to the authorized 11 amount nt at such ch time n ns n may nitty he be determined i II by the the- Director of the pro ItIC there Is IN nn an equivalent of or 17 per percent cent net tangible assets netH to the ns rc te par value alu Q of ot outstanding Preferred Stock plus pius the tie amount par value tIne of or that Preferred Stock prop proposed proponed to be he lJ and net earnings of the Ibe Company Compon applicable to dividends or of the EI Right Eight ht Per Cent tiit nt Cumulative Sinking Fond Fed i 1 First PirAt Preferred Stock shall he be hc at nt least lent twice tiec the ChI annual dividend requirements requIrement of the outstanding Pre pr i Stock plus pins the annual dividends required on the proposed amount of Preferred Sto Stock k NET ET SAIES AND I INCOME COIE Net Sales Salu Net Income inia close cloe fiscal l year nr 3 13 3 17 3 close cIoNI fiscal year nr 31 3 n close cloie Io fiscal year 3 11 O J 39 OO 1010 close fiscal year ear car 3 31 estimated CO OF Or FIXED ASSETS It I. I Is i's the fixed and expressed policy of or th the Company to charge e off aH an obsolete stock toek and nil merchandise Is figured on n a most mot conservative COt ot h basis I Fixtures own owned d by bT the tile Company are depreciated at nt the thc rate of ot 10 per cent annually Allowing for the lite Application of or the proceed proceed- of or thin hi Eight Tor Ier Cent Cumulative Pint First Preferred Stock and earnings earning for the month of or January the lie current nt assets of th the Company Mill be f I with current liabilities showing net current iet a-iet of or I All AH I. I legal nl matters pertaining to this Inane Ine h he upon hr hy Me rn Marshall 1 1 Crow and Ms t fc h 1 of ot Salt Inke Lake Bradley CIC City The rue accounts account of or the thc Company Campau been audited by br DIr Mr J. J D. D Chartered Accountant Salt Snit Lake CIC City j AVe We we orr offer r this tock stock for tor lu Investment If It ZUI as and when hen l eph and r received d l II by j- j i to the he a ap- ap pro nt of at nt Price of to Yield Per Cent CentI 11 1 n I It i il expected that delivery may he lie had bI January 20 0 1020 The Information nn and made here arc nrc from official anti n c r ilo 10 not 2 th them DI we e believe them to 0 be correct and have eUn ourselves Ies accepted theta them in our purchase of If the lock toek J. J A. A HOGLE CO PALMER BOND ED ID D. D SMITH SMITE SONS MORTGAGE GE C CO I tHO St. St Salt Snit Lake Inke Utah GI 1 as W. W Second r oDd cond South S Suite U It 41 I Walker Dank n HI dp 8 Ogden Utah Salt L k Lake City t Utah Snit Salt Inke City Utah i iR R RAM RAMSHAW A. A S Fl HAW A AND e. e 14 I The rhe Arctic weather ha hut no terrors for lor teM Kamoui these thelle sturdy oun hout the he Int coun T 1 HIS H IS BABY T CHICKS I per per- and I for their large larce e SISe br G c. qU qualitieS t i I J 1 f n 4 4 L 4 5 t Iw 4 A t F 7 4 t f 4 if c I t I fi gp c 4 e 4 L f k- k 4 4 ci to OO oo Chick Capacity I. I I The cut the SOld SOLI HOT BROODER I In notion action A flame blur flame Oil H Burlier r t Jj operated itI absolute nety la In your ATTIC V DARN or IOV iSOO o l I laid Iasi word In poultry raising for the hack back yard Hock flock FOIL OH FIlE THU WO TO Write or v aire for prices and full information 2415 S. S Fifth Knit Salt Lake City AV W. O. O |