United States Circuit Courts of Appeals Reports Volume . 160

United States Circuit Courts of Appeals Reports Volume . 160

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 edition. Excerpt: ... of seven per cent. per annum, payable semlannually on the first days of July and January of each year. The Fidelity Lumber Co. reserves the right, however, to retire this certificate of stock, or any part thereof, at any time after five years and prior to ten years from date of issuance hereof, by paying the holder hereof the par value of this certificate or such part thereof as is retired, together with accrued interest on the part so retired, and a premium ot five per cent. thereof, and said company also reserves the right to retire this certificate or any part thereof at any time after ten years from date of issuance, by paying the owner thereof the par value of the part so retired, together with accrued interest thereon. This stock is issued pursuant to resolution adopted at a stockholders' meeting held January 5, 1909." Some of these certificates have what are termed "riders" attached, in effect as follows: "For value received the Fidelity Lumber Co. hereby agrees with. owner of preferred certificate of stock No. for shares of the preferred of the Fidelity Lumber Co., to redeem said stock at par, with accrued interest, at the end of five years, from the date of said certificate, upon written request of the holder or his assigns. Fidelity Lumber Co., by A. J. Wilson, Secretary." The Lumber Company was originally incorporated with a capital stock of $100,000, of which $50,000 was to be preferred at the option of the company. Subsequently the capital stock was increased to $400,000, of which $100,000 was preferred, with optionaimedemption within five years. and a. forced retirement within ten years. Later the capital stock was increased to $500,000. with no provision for preferred stock. On November...show more

Product details

  • Paperback | 394 pages
  • 189 x 246 x 21mm | 703g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236959272
  • 9781236959270