Show I ITHE THE FACTOR Fj OF SECURITY I In 1 a Preferred stock depends chiefly upon two things Ji k ht otal Tb rh of f net et and ond ne quick net eN tu o U the thet h hr i r- r mount of ot preferred tock t I P d. d The of ot lh the restriction creation of cor- cor raf fr Br orte r in thIs deIt Or r C len Prior to time the preferred tork rI I the i Johnson Schramm-Johnson Drugs Inc Eight Per Cent Cumulative Sinking Fund First Preferred Stock In hi l Well el Sur Secured I It 17 Th for tor net t tangible upset net tt r ire and mut nui I be bc L IO of or preferred tock stock nod nd net quick nt t 10 for ca each h IO of ot preferred hl 1 ne ek Ii S n i first lieu leu on or f except for tor g n I th the OO on n qUIt rl I store re no hO ta prior lien Irn or 1001 lunue m b be tt fr fled rfd tock Mock consent nt of ot n majority of ot th the holder holder of the tlc pre pre- Ir- Ir Pico a share sharo to net per cent M I Id In Suite I 42 Walker Valer Bank Ban Wasatch Waatch and nd h J |