Note 9 - Capital Stock, Treasury Stock, and Contributed Capital

12 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

9.

CAPITAL STOCK, TREASURY STOCK, AND CONTRIBUTED CAPITAL

There are

10,000,000

Class A Shares and

2,500,000

Class B Shares authorized, as well as

1,000,000

Serial Preferred Shares.

Unissued shares of Class A common stock

(832,233

and

933,233

shares in

2016

and

2015,

respectively) are reserved for the share - for - share conversion rights of the Class B common stock, stock options under the Directors Plans, conversion rights of the Convertible Promissory Note and available warrants (see Notes

4,

5

and

8).

The Class A shares have

one

vote per share and the Class B shares have

three

votes per share, except under certain circumstances such as voting on voluntary liquidation, sale of substantially all the assets, etc. Dividends up to

$.10

per year, noncumulative, must be paid on Class A shares before any dividends are paid on Class B shares.