Each series of second preferred stock would have such dividend rate, which might or might not be cumulative, such voting rights, which might be general or special, and such liquidation preferences, redemption and sinking fund provisions, conversion rights or other rights and preferences, if any, as our board may determine.ĭividend Rights. The authorized shares of second preferred stock are issuable in one or more series on the terms set by the resolution or resolutions of our board of directors providing for the issuance thereof. We have an authorized capital stock of 181,100,000 shares consisting of: (1) 100,000 shares of 4 1 / 2 % cumulative preferred stock, par value $50.00 per share, referred to as the 4 1 / 2 % preferred stock (2) 1,000,000 shares of second cumulative preferred stock, par value $10.00 per share, referred to as the second preferred stock and, together with the 4 1 / 2 % preferred stock, referred to as the preferred stock and (3) 180,000,000 shares of common stock without par value.
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