New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-03-27
Tile RluLiS HEAD BANK.
REORGANIZATION or TIE INSTIIUTioN-AN ISSUE {
ADDITIONAL STOCK.

REORGANIZATION or TIE INSTIiUIoN-AN ISSUE OF
ADDITIONAL STOCK
The meeting of the Committee OF the Stock
holders and Depostdrs Of the Bulls Head Bank, took
Mace Yesterday, at the Metropolitan Bank. The pro
ecdings were strictly private IL announced that
proposition would presented by the committee OF the
in regard 10 the issue Of additional stock
part of which could subscribed TO by dopostOrs and
the balance 10y Stockholders The sochhoders' meeting
az the Ashland House was called TO order nj
y. m. There were about 80 stockholders
present aud the Committee of Deposors A. s. Cameron
Chairman were also admitted John T. Williams re-
ouested Marshal Sharpe TO inform them how far United
States Marshal Meigs had advanced in hisnvestgaons.
Mr. sharpo informed the meeting that Mr. Meigs bad
found the assets correct with discrepancy favor OF
the bank further said that the bills receivable were
coming in satisfactorily. lie stated that Mr.. heigs had
investigated the private boxes in the safes aud found
them unnjured
IL was determined that Mr.. Willett and Mr.. Meigs
should verify the inventory to-day. Henry A. Mott,
counsel for the Directors, informed the stockholders
"hat the Directors did not propose 20 resign but were
ready and willing continue in Office "a long such
action should meet with the approval Of the sockhod
er" The following then presented as the result OF
the previous meeting in the morning:
First: That the present stockholders of the Bulls
Head Bank be requested 10 transfer Their stock In trust
10 a committee not exceeding five persons, 10 be ap-
pointed for the purpose Of the reorganization OF the
Second That recommend the raising Of preferred
capital of $4,000 which capital shall be entitled 10 semi
annual dividends, when earned by the bank at the rate
per per annum and as soon as tho earnings
OF the bank shall be sufficient and above such ten
per cent TO pay dividends ON both classes OF stock,
thenceiOrth they shall share alike.
Third: That One-haf of the proposed preferred cap-
tai say $4,000, he offered to the present Stockholders
and a like amount OF $4,000 10 the depositors.
The following resolutions were then adopted:
R,solred That F. r. A. Cameron James W. Fuller
U,Iead and Robert Aook they hereby appointed
% 10 reoganiae The Bank upon Substantially
eiples above set forth; full and all
things for and o behalf, that do. except
bind
purpose whatsoever To ard them IN tue proposed
hereby transfer o. them hold In
The purpose carrying this proposed reoranIon all OF
en said bank the 10 be- BY them returned
said reorganization shah be peet event heT
shall be returned within Two years fTom Apu !, 1873
Directors be requested o. take Immediate mess
ur with the articles association and laws Of the state
York the increase OF the capital stock Of the Bulls
Head exceeding 10 all S5JOO and that cer
led COPY resolution signed h the Chairman and Secretary Of this
be pre,eue Of Directors
Of Committee Five already appointed
this meeting.
There viii he q meeting OF the depOsitors Tomorrow
az Teutona Hail. at Thirdave. and slNtecnhst al 10
o'clock take nnal action III regard o the reorsdDLa
ton OF the bank.