1. to receive a promised divide amount each year. if the dividend cannot be paid in a given year the dividend accrues and all unpaid dividend in arrears must be paid to preferred shareholders before common shareholders can receive any dividends

2. to vote on all corporte matters

This Preferred stock is ?

definition par value is ?

Common stock $3 par value $223,338

Common Stock Paid in captial in excess of par 690,000

Preferred stock $22 par value $1,279,982

Preferred stock, Paid in capital in excess of par 1,880,000

How many shares of preferred stock have been issued?