American Foreign Trade; As Promoted by the Webb-Pomerene and Edge Acts, with Historical References to the Origin and Enforcement of the Anti-Trust Laws

American Foreign Trade; As Promoted by the Webb-Pomerene and Edge Acts, with Historical References to the Origin and Enforcement of the Anti-Trust Laws

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921 edition. Excerpt: ...cancel the capital stock so held by such stockholder upon payment to the heirs, executors, trustees or successors in interest of such person or corporation to an amount equal to the par value but not exceeding the par value of such stock." FAILURE TO COMPLY WITH MEMBERSHIP OBLIGATIONS. Most associations have incorporated penalty clauses in'their agreements against failure of members to abide by the terms of the agreement or contract. Similarly, provisions are made quite generally regarding the. settlement or arbitration of disputes: "Thus one association makes provision that in the event of the failure of a stockholder to observe and comply with the requirements of the board of trustees adopted in pursuance thereof or to carry out any provision or agreements of the contracts or to discharge any obligation to it, the board of trustees may repay or tender the stockholder the book value not exceeding the par value of said capital stock, less any indebtedness owing to the corporation by said stockholders, and may thereupon cancel said stock and reissue said shares of stock to the stock trustee or trustees held by said trustee of stock or to some person, firm or corporation who may become a stockholder in the corporation. In the event of the cancellation of the shares of stock it is provided that all right and interest of the original holder in and to the shares of stock shall immediately cease and determine and the same shall be forfeited to the corporation. Another provides that if a member is unable to make delivery as agreed and an extension of delivery is not satisfactory to the vendee, the corporation may cancel the purchase and place the order with another member mill at prices, terms, etc., not exceeding those of the original sale. The...show more

Product details

  • Paperback | 194 pages
  • 189 x 246 x 10mm | 354g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236661125
  • 9781236661128