| Show TELLURIDE POWER CO OFFERS PREFER PREFERRED ED STOCK A 7 por par cent cumulative preferred stock Is being offord offered by the rado power co to its ita customers only for F or years past practically all largo large utilities have offered stock to their customers but only recently has tho telluride power company done this A share of preferred stock represents a part ownership in tho the com banys business it has certain rights over other classes of stock for instance Us its dividends must bo be paid before any dividend Is paid on tho the common stock cumulative refers to the ilie dividends and moans means that all dividends duo on tho the stock from tho time atas it Is issued must lo 10 a paid before any any dividends are paid on the common stock tho the cumulative feature Is an important safeguard for preferred stockholders dividend chocka aro are mailed to stockholders every three months on 0 n january Jan fiary 1 april 1 july 1 and october oc 1 anyone desires further information either elthier call or write arlie tile tho nearest telluride power company office |
