The G. H. Scharf Co. Of Ypsilanti

  Has filed amended articles with County Clerk.

  Will sell $10,000 of preferred stock -- eight percent dividend.

  The G. H. Schart Company, of Ypsilanti, has filed amended articles with the county clerk permitting the company to sell $10,000 of preferred stock. The capital stock of the company as originally Incorporated, was $50,000, all common stock. This total of stock, it seems, is not to be increased, but $10,000 of preferred stock is provided for. This is made redeemable $5,000 at the end of one year from the date of issue and $5,000 at the end of two years. Eight percent dividends will be paid on this preferred stock, payments to be made on Jan. 1 and July 1 at the First National bank, Ypsilanti. The meeting at which this preferred stock was authorized was held Aug. 5th. The holders of the preferred stock are not allowed to vote it. The preferred stock has a par value of $10 per share and cannot be sold lower than $6 per share, cash in hand, when sale is consummated or upon delivery of stock. The directors of the company are authorized to sell what is left of the stock after a reasonable time, if the stockholders do not take it all.

  The directors of the company are M. A. Carpell, Gregory H. Scharf and J. Geo. Zwergel.