The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1909-06-16

ihs senses stated and nusi "a used n
!he saue senses ~ ths respondent ia lla
answers
u) CONTROL over naposasIon
meana ability 10 determine nheihor a.
rectly or lndlwciis the action az that
corporation nor The purposes a this
report, lhr lollowlas are 70 np oonsiotrad
control
| I hlsAtl through tides 70 necufltlea
lllAAued N Vtannlsd hg the coaifolled cof
pprAiian, a. eSefclHe tle maior part n
/ ,he votino power " such corporation
~ RlEhi throunh NxprUa1 agreement
az some chaactcf Or through some other
source than tltle 70 securities. 10 name the
major part o. the Board of Directors,
Manaucre, o. TFuateth % the controlled
corporation
III Rieht to forooooo slrdf llofs upon
ah of maior part ia vnM6 uf the tam
glhlp property ol the controlled corpora
lion,
IN hleht 10 control only IN q opeciflc,
respect or rappeeto The action OF Tie con-
lfoled corporation.
| t2l DlREcf CONTROL q that which
~ exercised without she interpretation 81
an Intermediary
(sl INDIRECT coNTRoI. is shat
which "a exercised through an Int0r-
incdlarr Where "a has direct control
ovor AB' and eB has direct control over
xxx Il win twith possible exceptions IN
casea III ana nv. abovel be proper Ia
consider "a" hs having Indirect cattrol
over &C. casea 10 which this rule Il
nappllcable should be sct out with special
fullneas m The answers Of the respondent.
| u). SOLE CONTROL Is thai which
tests IN one person. corporation Or other
association.
ID. JOINT CONTROL Is that which
rests In swc Or moro ppreone corpora.
lions, rr other nesoclatlous for IA any
combination Of two or more of lhose)
ana was acquired by them through tha
same ACT o. transaction Or through the
same series o. acts Or transactions.
te) An INACTIVE CORPORATION Of
association n one which has neither
operating nor fiscal autonomy but merely
LEGAL existence.
az an existeat corporations NOT ln-
active arc 70 be considered ACTIVE
(s). The SECURITIES 81 d CORPORA,
ilon nro The stocks and the bonds and
other evidences 81 Indebtedness issued, az.
sumed. guaranteed o. assured by II. and
either running % petpetuliy or maturing
laier than one year afler date of lesic.
(s). OUTSTANDING SECURITIES arc
those TINT have been issued and not ne.
tired, cancelled Or nulllfled.
tioG ASSUMED SECURITIES are
those lasued BY another bun which the
asaumlng corporation undertakes to pay
as principal payor
CD GUARANTEED hEcUkil les
are ihoue issued BY another but Of which
me guaranteeing corporation guarantees
payment. 1 e.. undertakes payment h
oas6 the iesuer falls 70 make payment
(is- ASSURED SECURITIES are
those Issued By another but Of which tht
assuring corporation assures payment
4 Il, undertakes payment N case payment
by the lssuer can not be enforced
usl Guaranteed securities and as.
aured securities pre contingent obligations
Or the guaranlors and nasufv2
III Securities are aEaa..sss::s:s.-.
lunded debt and atocke
tihl. Funded debt comprises securities
which the corporation reauonaIhle there-
ior has .iiiderlakeh 10 pay upnn natl1fily
| (Isl Stocks nfH securities which ID
not mature 4. e which run IN aefpetu,
isyl ana whleE f payable at all are ~
only ii the option of the corporation
Responsible therefor.
(D. Funded debt msv ns classified
aas
tai RIAL ESTATE MoRruAcF
BONDS Those secured by pledge o.
real asiate through mortkage or trual
deed. 81 equivalent lnslrnmaui 81 net.
(bl COLLATERAL TRUST BONDS
Those rclfea hy pledge d Securities ol
| other gpmmercla paper through trust
deed Or equivalent instrument al act
Ui EQUIPMENT onIldNrI0Ns
Those secured by i ilgn upon equipment
such Hen being credited n connection with
me acquisition Of tie equipment.
gdG PLAIN HGNps Thaao not w.
CURED by uny special niortgago or other
Hem bnl supported only bY lha general
credit ni the lss,er
Ia DEHENTUHEs Unsecured cnf-
,ifIeStea Of indebtedness. nehentures witt
mortgage rights are those entitled n ac-
cordancc with the terms ii the contract
Under when they nre Issued, to paficl.
pate In tie benefits Of ms subsequently,
created mortgage II dehensurea run IN
perpeMltv. subject to an nnnual interest
charee. they are called debenlurh stock
fE NOTES Ordinary promises to
pay II legal effect plain bonds deheht-
bfea and aetes nre substantially eauiva-
lent.
GO INCOME BONDS. Those she oh-
lmli0n Ia pay lnteFeal upon which q
contingent upon the Income OF the COR
pofatlon nnt required Tor tho deehaFae Of
superior obligations
th) MISCELLANEOUS Including real
estate mortgages niedslne aneclfled roal
eslats 70 aeeurc the payment 81 ! debt
no. evidenced BY note bond or otner
negotiable papcr ana chatsel mofleages.
| pledslng specified ehaiipla to secnfn tha
payment of d debt not evidenced by a
note hond o. other negotiable paper.
fisl Stocks are dlvislbie into preferred
and eommeu
fal pRFHRRnD STOCKS ase those
she haldefa of whleh nge entllsnd le some
preferences IN connection thefewith. This
preference may be some special voice IN
the eontfol ii the corporation Of priority
Ia the dllsFibutlon Of dividends Of pFoflts4
or priority In The distribution q akscta
upon tho dissolution II The corporation IN
lhe case of priority II the distribution 0f
dlyldends, lhoro may ho an Undertaking
On the parl af the issuing corporation to