Show NOTICE OF OP INTENTION TO AMEND articles of tf incorporation of ot the J. J C C. Penney company Notice is hereby given that a special meeting of sto stockholders of ot J. J C. C Penn Penney e company has been duly called and will be beheld beheld held at the principal office of ot the tIle company company com corn pany at suite Boston block In Salt Sail Lake City state of Utah on Monday the day of August 1919 at the hour of ot otO 10 O o'clock in the forenoon of ot said eaid day for tor tile the purpose of considering the question question ques ques- tion lion of ot increasing the limit of ot capital stock of ot said corporation from three million million mil nil lion dollars to fifteen million dollars di divided divided divided di- di vided into fifty thousand shares of ot common stock of the tho par value valLIe of ot one onehundred onehundred onehundred hundred dollars 00 each and one onehundred onehundred onehundred hundred thousand shares of ot preferred pre pre- erred stock of at the par value of at one hundred hundred hundred hun hun- dred dollars each Said preferred stock shall shah pay cumulative dividends at atthe atthe atthe the rate of ot 7 per annually In equal quarterly Instalments shall be preferred pre pro as to dividends and assets over all classes of common stock and shall be non The holders bolders of said stock shall bo be free from liability for tor the debts of ot the corporation and nd shall hall have no noot ot voting g power except upon tile the question que of ot selling Belling conveying transferring or otherwise otherwise other other- wise vise disposing of ot the property and assets of the corporation as an entirety or except except ex ex- in the event of ot consolidation or merger merger mer ncr ger or except create any allY other class of ot stock having priority or parity with said Bald preferred stock or except to guarantee obligation ob ob- ob- ob li atlon stocks or dividends of other oIlIer corporations cor con or in case of ot certain defaults in the payment of ot dividends Such preferred preferred pre pre- stock shall be bo callable at one hundred hundred hun bun dred five dollars 1000 a share and ac accumulated so- so cumulated dividends and upon liquidation liquidation liquida liquida- tion lion shall be preferred for tor a II like amount amount- and there thero shall be established for tor Its re retirement retirement re- re i n sinking fund Provision shall aha II also be made for a definite amount of ot quick assets and ami earning before payment of ot dividends on the tue common stock The Tile 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 nd privileges as the tha said meeting of ot the stockholders may approve The Tha said meeting will be held f for fr r the transaction cf ct any other and further furth r business which may come before said meeting Dated at t Salt Lake City Utah this day of ot JUI July 1919 EARL C. C SAIlS SAMS President nt |