The work of the Stock Exchange

Bibliographic data

Monograph

Identifikator:: 1831284952

URN:: urn:nbn:de:zbw-retromon-225876

Document type:: Monograph

Author:: Meeker, James Edward http://d-nb.info/gnd/126597340

Title:: The work of the Stock Exchange

Edition:: Revised edition

Place of publication:: New York

Publisher:: The Ronald Press Company

Year of publication:: [1930]

Scope:: XVI, 720 Seiten; Illustrationen, Diagramme

Digitisation:: 2022

Collection:: Economics Books

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APPENDIX 575 that no one of the items carried under the term “Miscellaneous” in the list of Investments has been held for more than one year. 3. To publish all future annual financial statements of any character, in he form contained in the listing application and, in the publication of reports of earnings for any period of less than a fiscal year, to show net profits in the aggregate and per share after Depreciation, Depletion, Income Taxes and Interest, estimating the proportionate amount of these items as accurately as may be if not finally determined at date of publication. 9. Not itself, and not to permit any subsidiary, directly or indirectly controlled, to take up as Income stock dividends received at an amount sreater than that charged against Earnings, Earned Surplus or both of them by the issuing Company in relation thereto. 10. Not to pay any cash or stock dividends on Common Stock when such dividends, plus the amount by which the current value of securities held shall be less than their cost, exceed the earned surplus and undivided profits, without at the time of the payment of such dividends sending to stock- holders a statement, in a form which has been approved by the Committee on Stock List, setting forth clearly the net impairment which will exist after the payment of such dividends stated both in aggregate dollars and dollars per share of Common Stock. If at the time of the payment of any such dividends the corporation has senior securities outstanding such state- ment shall, in addition, state in terms of percentage the ratio of the Com- mon Stock equity, remaining after the declaration of such dividends, to such senior securities, taken at par value or the sum to which they would be entitled upon involuntary liquidation, whichever is the greater. For the purpose of this agreement, stock dividends shall be charged against earnings on a basis approved by the Committee on Stock List. iI. To notify the Stock Exchange, on behalf of itself or any subsidiaries which have been, or may be formed, of any change in the terms of any management contract existing at the time of listing and of the terms and conditions of contracts subsequently consummated. 12. To maintain, in accordance with the rules of the Stock Exchange, a transfer office or agency in the Borough of Manhattan, City of New York, where all listed securities shall be directly transferable, and the principal of all listed securities with interest or dividends thereon shall be payable; also a registry office in the Borough of Manhattan, City of New York, south of Chambers Street, other than its transfer office or agency in said city, where all listed securities shall be registered. If its transfer books should be permanently closed, to continue to split up certificates of listed stock into smaller denominations in the same name so long as such stock shall be retained upon its list by the New York Stock Exchange. If its transfer office or agency should be or should become located north of Chambers street, to arrange, at its own cost and expense that its registry office will receive and re-deliver all securities deposited at such registry office for the purpose of transfer. 13. To notify the Stock Exchange thirty days in advance of the effective date of any change in the authorized amounts of listed securities. i4. Not to add to the number of its transfer agencies, nor to make any change of a transfer agency or of a trustee of its bonds or other securities without prior notice to the Committee on Stock List, and not to make any change in its listed securities, nor to add to the number of the registrars of its stock. nor to change a registrar of its stock, without the prior approval

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