THOMSON'S M:?
Loew receives total of $125 per share,
thereafter all remaining assets distrib-
uted to common stockholders.
No mortgages, liens or other incum-
brances may be created, except pur-
chase money mortgages, and no stock
having preference or priority over the
Class “A” can be issued without con-
sent of owners of majority of shares of
the Class -“A” Stock. No additional
Mlass “A” can be issued without the
consent of preference holders unless
and until net profits of Company for
12 months preceding the issue have
amounted to one and one-half times
preference dividend requirements of
5% on Class “A” Stock which would be
Jutstanding after additional issuance.
Rights: Stockholders have preemptive
rights of subscription to $600,000 Class
A Stock, whenever issuance thereof is
authorized.
Callable: At 125 on 60 days’ notice,
with consent of State Insurance Com-
missioner.
Voting Power: Has no vote except in
the event of non-payment of dividends
2. COMMON STOCK.
Provisions: Entitled to 6% dividends Voting Power: Has one vote per
after Class A Stock and participates share except as stated under Class A.
equally share for share in further divi- Dividends: (Payable quarterly, Jan,
dends until common and Class A have Apr., July, Oct. 1.) 1912, $4.60; 1913, $6.00;
each received 10%; further dividends 1914, $5.75; 1915, $2.75; 1916, $3.75; 1917,
are payable to common only. Entitled $3.00; 1918, $7.50; 1919, $9.00; 1920, $8.00;
to $100 in liquidation, after Class A has 1921, $8.00; 1922, $8.00; 1923, $8.00; 1924,
received $110 and participates equally, $10.00; 1925; $10.00; 1926, $15.00; 1927
share for share, in remaining assets $15.00: 1928, $12.50; 1929, $12.50.
until Class A has received $125; re- Transfer Agent: The Company.
maining assets to be distributed to Registrar: Seattle Trust Company.
common. Number of Stockholders: 148.
COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31
EARNINGS— 1929 928
Title Insurance Premiums .. ae 121 - 963
ADSEYACES, coommmmemmemcaommmmrmssmssnscmsnmmsremsmaanmtannses =o id 791
Tax Registration, Escrows, Etc... ‘
Commissions Received oa eee em———a nn em EAS
Dividends, Interest and Rentals. oe ccccraemnnnns
Sundrv Receipts acocimimeenees See
1927
$475,880
51,096
31.349
8.007
48,148
13.015
5,874
£12,462
~13,412
.7 96.000
$ 23,412
"76,000
¢ 12.90
GROSS EARNINGS .ceiemirinnanenann
Operating Expense, Taxes, TRC even mivisninnnsins
Net Earnings -cccoeceeeeeemcceeene =
Common Dividends Paid. ....ccooemeeeeaee
Oi
Surplus for Year ein
Class “A’ Shares Outstanding. ......ooceeieroeaneens
Common Shares Outstanding... ooreeennens
Earned Per Share iii eeieacanninees
On combined class “A” and ccmmon.
COMPA™ "7 VE STATEMRNT. As of Dec. 31
ASSETS— 1929 1928
TASH ooeeeeeoocaemmaeoceeeeomcmsssasomeseszassesmssosiessosasssassssesessooos 2,911 243,865
Securities with State Treas.......cooecomiimiieciuennes £9,650 203,650
Bonds and Mortgages on Hand... —reeeeee 7 866 “44,281
Accounts Receivable aot © eennnieneneen 291 +1,146
Title Plants ccceeccccomoen + 0 mmeecomssmmmmemsesiomsenn vr “6 900
Real EState ocean ceneeenee
Real Estate Contracts .iiienannaer
Prepaid INSUTANCE coo ecmmesaienns crmnossenssesess
Miscellaneous Assets CENER IRE SE mmm nan pond A
TOTAL ASSETS eimai
LIABILITIES—
Class A Stock...
Common StoCK ieee
Surplus and Undivided Profits. .ccocceeiaamann.
Reserves (Taxes, Losses, Bted oo... een
Contracts Payable ........... nnenmmennmanys SHEERS
Rserow Liability einem enannonoooenee
vOTAT, LIARILITIES __....
025
.,500
6,000
0 Na
180
6,000
19 28
1927
251,035
201,560
437,406
142,238
“90.000
4,150
2.661
¢1 9EQ (FR
600,000
400,000
219.582
TRG 574
21 25 905A
60.894
“1 211 45
