DuPont 2012 Annual Report Download - page 104

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the initial dividends thereon shall accumulate; and all series shall rank equally and be identical in all respects, except as permitted in the
foregoing provisions of this Section III.
IIIA A new series of Preferred Stock without par value of the corporation shall have the designation, the number of shares to be
issued, the dividend rate, the redemption price and the amount payable upon liquidation or dissolution or winding up of the corporation
with respect to such new series of Preferred Stock without par value as follows, such attributes to be in addition to the other provisions
set forth in this Article Fourth, which are applicable to all shares of Preferred Stock without par value irrespective of any variations
between the shares of Preferred Stock without par value of the different series.
(a) The new series of Preferred Stock without par value of the corporation is designated Preferred Stock - $3.50 Series;
(b) Preferred Stock - $3.50 Series is authorized to be issued in the amount of 700,000 shares;
(c) The dividend rate on the Preferred Stock - $3.50 Series shall be $3.50 per share per annum and no more, and dividends on the
700,000 shares of Preferred Stock - $3.50 Series shall accumulate from and after April 25, 1947;
(d) The amount per share over and above any accumulated dividends thereon which the shares of Preferred Stock - $3.50 Series shall
be entitled to receive upon redemption is as follows: if redeemed on or before April 25, 1952, $107.00 a share; thereafter on or before April
25, 1955, $106.00 a share; thereafter on or before April 25, 1958, $105.00 a share; thereafter on or before April 25, 1961, $104.00 a
share; thereafter on or before April 25, 1964, $103.00 a share, and thereafter, $102.00 a share; and
e) The amount per share over and above accumulated dividends which the shares of Preferred Stock - $3.50 Series shall be entitled to
receive upon involuntary liquidation or dissolution or winding-up of the corporation is $100.00 a share, and upon voluntary liquidation or
dissolution or winding-up of the corporation is $107.00 a share.
IV. The Preferred Stock shall entitle the holders thereof to receive, when and as declared from the surplus or net earnings of the
corporation, cumulative dividends, payable quarterly on such dates as the Board of Directors may determine, at the rates fixed
herein or fixed by the Board of Directors for the respective series, as herein provided, and no more, which dividends shall be paid or
set apart before any dividend shall be set apart or paid on the Common Stock. The dividend payment dates for all series of Preferred
Stock shall be the same and no dividends shall be declared on any series in respect of any quarterly dividend payment unless there
shall likewise be or have been declared on all shares of Preferred Stock of each other series at the time outstanding like proportionate
dividends ratably in proportion to the respective annual dividend rates fixed therefor.
V. In the event of any liquidation or dissolution or winding-up of the corporation, whether voluntary or involuntary, the Preferred Stock
shall entitle the holders thereof to be paid the amounts fixed herein or fixed by the Board of Directors for the respective series as
herein provided, including all unpaid accumulated dividends thereon to the date of such payment, before any amount shall be paid to
the holders of the Common Stock of the corporation.
Such payments to the holders of the Preferred Stock shall be made without preference or priority of one series over any other series and
shall be made before any amount shall be paid to the holders of the Common Stock. If the assets of the corporation distributable upon any
such liquidation or dissolution or winding-up of the corporation shall be insufficient to permit the payments to the holders of the Preferred
Stock of the full amounts above provided for, including an amount equivalent to all unpaid accumulated dividends as aforesaid, the said
assets shall be allocated to the respective series of Preferred Stock in the ratios that such aggregate liquidation value of the issued shares
of each series bears to the aggregate liquidation value of the issued shares of all series of Preferred Stock as fixed for the respective series
of Preferred Stock in the Certificate of Incorporation or in the resolution or resolutions of the Board of Directors providing for the issuance
of the respective series, and shall be
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