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Collection: Original Records > Articles of Incorporation
Grover Murphy Development Company (AI-G113) (1911) (14 pages)
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Page: of 14
To borrow money, issve bonds, promissory notes, or other
evidences of indebtedness, and to secure payment thereof by
mortrage, or deed of trust, or in any other lawful manner.
To loan money, with or without security, and to take mortfares, Pledeeg and securities of real or personal property, or
other security to secure loans made by it.
fo acquire shares of the capital stock and securities of
any incorporated company or otherwise, and to hold, sekl and
deal in and with the same.
To enpare in and carry on the business of lumberine in all
its forms, and cenerally deal in soods, wares and merchandise
and property of every class and deseription.
To do and perform every act and thine necessary to carry out
the above enunsrated purposes in other states and jurisdictions
which like corporations oreanized under the laws oe madh States
and jurisdictions may lawfully de or cause to be done therein.
IV
The amount of the capital stock of the corporation shall be
OVE MUNDRED AND FIFTY THOUSAND ($150,000) DOLLARS, divided into
150,000 shares of the par value of OWE ($1.00( DOLLAR each, with
the privilege of extending said stock subsequently to TIVE NUNDRED
THOUSAND ($500,000) DOLLARS. Of this said amount of 150,000
shares, 12,400 shall be common stock, and 24,600 preferred stock.
Vv
The holders of preferred stock shall be muaranteed cumulative dividends thereon, at the rate of eisht per cent. for each
and every fiscal vear of the Company, vayable out of any and all
surplus or net profits of the Company, as and when declared by the
Noard of Directors. After the common stock shall have been paid
e dividend of 8) per annum, the preferred and common stock shall
share proportionately to their par value in any remaining undistributed profits. In the event of dissslution or liquidation of the