Thomson's manual of Pacific Northwest finance

Bibliographic data

Monograph

Identifikator:: 1838857176

URN:: urn:nbn:de:zbw-retromon-229226

Document type:: Monograph

Title:: Thomson's manual of Pacific Northwest finance

Place of publication:: Seattle

Publisher:: Thomson's Statistical Service

Year of publication:: 1930

Scope:: XXX, 487 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section VIII. Industrials

Collection:: Economics Books

INDUSTRIALS 197 DIRECTORS William E. Boeing, Chairman, Seattle, Kenneth R. Kingsbury, Pres. Standard Wash. Oil Co. of Calif. Charles W. Deeds, Sec'y.-Treas. Charles K. Knickerbocker, Vice Pres. Edward A. Deeds, Chairman Niles-Be- Griffin Wheel Co. ment-Pond Co. William B. Mayo, Chief Eng. Ford Mo- Arnold C. Dickinson, Pres. Sikorsky tor Co. Aviation Corp. Joseph F. McCarthy, Controller. Thomas F. Hamilton, Chairman The George J. Mead, Vice Pres. The Pratt Hamilton Standard Propeller Corp. & Whitney Aircraft Co. J. H. Hillman, Jr., Chairman Hillman Gurney E. Newlin, of Messrs, Newlin Coal & Coke Co. fils & Ashburn, Los Angeles. Frederick W. Jackson, of Messrs Frederick B. Rentschler, Pres. Shearman & Sterling. o i r N Philip G. Johnson, Vice Pres. Gordon S. Rentschler, Pres. The Na- Charles F. Kettering, Vice Pres. Gen- tional City Bank of New York. eral Motors Corp. Chance M. Vought, Vice Pres. GENERAL COUNSEL: Shearman & Sterling, New York. GENERAL AUDITORS: Allen R. Smart & Co., New York. Fiscal Year Ends: Dec. 31. Annual Meeting: Last Tues. in April. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding 6% Cum, Pref. Stoc: sags 300 $50.000,000 $12,000,000 Common Stock ......... _.ccceeeeeneeeneen....No Par 2,5000,000 shs 1,837.842 shs 146,528 shares Common stock reserved for Stock Purchase Warrants attached to Preferred stock. i. 6% CUMULATIVE PREFFYRRED STOCK, SERIES A Provisions: Entitled to cumulative dividends of $3 per share per annum; is preferentially entitled to $50 per share in case of involuntary distribu- tion of capital assets and $55 per share in case of voluntary distribution, in each case plus accumulated unpaid di- vidends. Warrants: Certificates of 69% Cumu- lative Preferred stock, Series A, ac- companied by Stock Purchase War- rants, non-transferable apart from such certificates, entitling holders to pur- chase at any time on or before Nov. 1, 1938, upon cash payment of $30 a share, Common stock of the corporation at the rate of one share of Common for each two shares of such Preferred stock. In case of redemption of any shares of such Preferred stock prior to the exercise of the Warrants, a de- tached Warrant, transferable by deliv- ery, will be issued, evidencing right to purchase half a share of Common stock with respect to each share of Preferred stock so redeemed. Scrip certificates issued representing fractional shares. Callable: In whole or in part, on any dividend date, upon 30 days’ notice, at 325 per share plus accumulated divi- endas. Priority: So long as any of Cumula- tive Preferred stock remains outstand- ing, no stock of any class shall be cre- ated ranking prior thereto with respect to dividends or distribution of assets, and, unless authorized by vote of a majority in interest of outstanding Cumulative Preferred stock, no stock may be issued ranking equally with the Cumulative Preferred stock in either such respect. Voting Rights: If and so long as the payment of regular quarterly dividends shall be in arrears one year, then hold- ers of Cumulative Preferred stock (of all series) will have full voting rights, ach share of Cumulative Preferred stock having such number of votes (but n no case less than one vote) as shall Je equal to the quotient derived from lividing the aggregate number of shares of Cumulative Preferred stock cutstanding, into the total number of votes to which the outstanding shares >f any other class or classes of stock hen having voting powers and ranking *ither on a parity with or junior to the Cumulative Preferred stock may be col- lectively entitled. Dividends on Junior Stocks: The rorporation will not pay any dividend >n any class of stock ranking junior ‘0 the Cumulative Preferred stock, if ‘he aggregate amount of such dividend. vhen added to the aggregate amount >f any and all dividends paid on any xlass junior stock prior thereto but ifter Nov. 1, 1928, shall exceed the tmount of consolidated earned surplus »f the corporation and its subsidiary zompanies earned subseauently to Nov 1, 1928. Amendments: The general provi sions of the Certificate of Incorpora- tion relating to the Cumulative Pre- ‘erred stock as a class may be amend- >d only upon the vote of two-thirds in nterest of the Cumulative Preferred stock, irrespective of series: and the drovisions peculiar to the 6% Cumula- :ive Preferred stock, Series A, may be imended only upon the vote of two- thirds in interest of the Cumulative Preferred stock of such series. Tax Status: Company pays normal Tederal income tax up to 29%. Dividends: $3 per annum payable juarterly, Jan.,, Apr., July and Oct. 1, paid regularly from Apr. 1, 1929. Ex-Dividend Date: 10th of month receding pavment.

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