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Show NOTICE OF SPECIAL STOCKHOLDERS' MEETING WHEREAS, a resolution duly passed by the majority of the Board of Directors of the St. George and Washington Canal Company at a meeting held on the 4 th day of June, 1943, recom mending a change in the Articles of Incorporation, to permit the issuance of two classes of stock and that the necessary steps be taken to amend the Articles ' ol Incorporation, NOW THEREFORE, the stockholders stock-holders please take notice that a special meeting of the St. George and Washington Canal Company is hereby called for the 2nd day of July, 1943, at the Court Room in the Washington County Court House at St. George, Utah at the hour of 9 o'clock P.M. The purpose of this meeting is to amend the Articles of Incorporation Incorpor-ation in the following particulars: Amending Article 5 and by adding Article 5-a, Article 5 to be amended amend-ed to read, in substance: The limit of the capital stock of this corporation shall be $50,000 shares of said stock to be designated as Class A stock with a par value of $12.50 per share and. shares of said stock to be designated as Class B stock or secondary high water stock with a par value of $ per share. Article 5-a which is to be added to said Articles of Incorporation is to read, in substance, as follows: Class A stock is primary water stock and is to be distributed to the stockholders of said stock on a pro-rata basis according to the number of shares .of stock owned when any water is available for distribution. The rights of Class A water stock are to be satisfied ahead of the stockholders of Class B water stock. Class B water stock shall entitle the stockholders stockhold-ers of said certificates to the use of water when there is water in excess of. second feet diverted di-verted into the main canal of the St. George and Washington Canal Company which is available to satisfy the rights of the holders hold-ers of Class A stock. Water in excess of. second feet of water diverted into the St. George and Washington Canal Company canal is to be pro-rated, so far, as proper distribution will permit,' between the holders of Class A and Class B stock in proportion to the amount of Class A and Class B stock issued. Details for providing for two classes of stock will be further determined at said stockholders' meeting. In all other respects the Articles of Incorporation as now constituted consti-tuted are to remain in full force and effect. EVAN J. WOODBURY, President ARTHUR K. HAFEN, Secretary. First publication June 10, 1943. Last publication July 1, 1943. |