INDUSTRIALS

FOSTER AND KLEISER COMPANY
GENERAL OFFICE: 1675 Eddy St. San Francisco, Calif.
BRANCH OFFICES: Portland, Medford, Ore.; Seattle and Tacoma, Wash: Los
Angeles, Oakland, San Diego, Long Beach, Sacramento and Fresno, Calif.; New
York City.
HISTORY: Incorporated under laws of Nevada, Feb. 8, 1916, to succeed Foster
& Kleiser, Inc., established in Seattle Jan. 1, 1902, and Foster & Kleiser Co. of
California, established March 18, 1915.
BUSINESS: Engaged in the outdoor advertising business.
PROPERTY: Owns and operates modern outdoor advertising plants and facilities
 in more than 600 cities and towns in the states of Oregon, Washington, California
 and Arizona.
OFFICERS: Geo. W. Kleiser, Pres.; W. F. Foster, Vice Pres.;
Sec. and Gen. Mgr.; Albert Mortenson, Treas.
DIRECTORS: G. W. Kleiser, W. F. Foster, A. F. Lausen, J.
GENERAL AUDITORS: McLaren, Goode & Co.
Fiscal Year Ends: March 31. Annual Meeting: 1st Mon. iu
Number of Employees: 1,060.

CAPITALIZATION, As of March 31, 1930
Par Value Authorized Outstanding
Pref. 7% Cum. S 100 $2,000,000 $1,429,600
Common Stock ... $10 $8,000,000 $6,085,750
On Dec. 31, 1929, 1,000 sreres cf Preferred stock were redeemed and on Mar.
30. 1930, company held for redemption $170,400.

l. PREFERRED 7% CUMULATIVE STOCK

Provisions: No bonds, debentures or
unsecured notes maturing more than
siX months may be issued, nor any
prior or equal Preferred stock be authorized,
 nor may any additional mortgage
 indebtedness, except purchase
price mortgages, be placed on property
without the written consent of holders
of at least 75% of Preferred stock outstanding.
 Preferred stock has preference
 to assets as well as dividends and
company must maintain net tangible
assets of not less than 225% and net
current assets of not less than 150%
of the par value of the Preferred stock
putstanding.

chase of Preferred stock in the open
market, or to its redemption by lot;
after 1925 the company will devote the
entire 5% to the purchase or call of
Preferred stock.
Voting Power: No vote except in the
vent of default in the payment of a
quarterly dividend or in default of any
other provision, when it assumes equal
voting power with the Common.
Dividends: 79% per annum paid quar-‘erly,
 Jan., Apr.,, July and Oct. 1 since
issued. .
Transfer Agent: Wells, Fargo Bank
& Union Trust Co. San Francisco.
Registrar: American Trust Co. San
Francisco.
Public Offering by: L. B. Manning
& Co., Seattle; G. E. Miller & Co., Portland;
 A. E. Lewis & Co. Los Angeles,
and Shingle, Brown & Co., San Francisco,
 Feb. 1920, at 100.
Traded on: San Francisco Curb Exchange.

drive Pom 230 1929 1928
“gh 89 100 105
LOW ..... ee TTY 751% 96
* To

Callable: At 110 and accrued dividends
 on any dividend date. Entire issue
 must be redeemed on or before Feb.
1. 1940

Sinking Fund: As a sinking fund,
company agrees to expend for betterments
 and extensions each year between
 1920 and 1925, a sum equal to 5%
of the total amount of Preferred stock
theretofore at any time outstanding,
or devote the difference between the
sum 80 expended and 59, to the pure

>» COMMON STOCK
Nov. 15, since Aug. 15, 1925.
Ex-Dividend Date: Feb, May, Aug.
and Nov. 1.
Transfer Agent: Foster & Kleiser
Co., San Francisco.
Registrar: Wells, Fargo Bank and
Union Trust Co. San Francisco.
Listed on: San Francisco and Los
Angeles Stock Exchanges, and traded
>n New York Curb.
Price Range:
*1930 1929 1928 1927 1926
High ........ 7% 131% 19 14 131%
DOW aan 7 i 113% 13% 11
To Mav 21

Details: Prior to Oct. 31, 1923, the
authorized Common stock consisted of
40,000 shares, par value $100, or $4,000.-000,
 of which $3,164,500 was issued and
outstanding. On the above date the
par value was reduced to $10 per share
and a 509% stock dividend was declared
with the result that the stockholders
received 15 shares (Par Value $10.00)
for each share ($100.00 Par Value)
held. At the same time authorized
Dommon stock was increased to $8.-Dividends:

 $1 per share per annum
paid quarterlv. Feb., Mav, Aug. and