The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1909-06-24

N'f4 'I| XIV I4I*HiIt"N ~ VII" NNH%II ~
Ihs nenAes suited and must he used III
lue tAme SENSES hy she resrnudenl ~ ~
ansNnrs
"a CONTROL. over cotpdm,ion
means ability 10 dolefmluA whether al
feetly o. Bdireptly lho action II that
elI4ldYhllna 1pf ht naiIts1s Il tlh|s
iAofl sha soboNias afs q pe eoahIaatea
controls
+ Right through tItiee 10 tseut|tlsS
issued 81 assuhled by The controlled cer
pofoliou. 10 oxeftiso tho major part o.
the voting power Ii sIlfh corporation
IL Right, through express aareemtnt
81 some chafatieF Or through sons othsf
sosrte than title 10 securities. 10 hame the
major part of tne board 81 Directors.
Managers, Or TruaNea o. the controlled
coFpornllon,
M Right 10 fofeclose first llen upoh
al Dr major part 10 value of the thnA
glble property of the controlled corpora
tinn
~ Blight 70 control only IN q speeIiIe,
respect Or respects tho action Of the eoi-
tfolled corporation
ta) DIRECT CONTROL IL Thai which
ls exofolafd Without the inierpobIsInn u
an lptofmedlary.
ts). iNptREcr CONTROL, II thnt
witch is exercised through nn lngeF-
medIary. Whefe a. has direct 1ohtraI
over ''nH and ~ hna direct control over
ltC7f u win with possllsAe exceptions ID
cases III. ana ~ nbove1 be proper TO
consider ''AH aa having lndIfecl eonlrol
over "ce Cares % which this fslie u
innpplcah;e should ~ Aes oui with apeclal
fnnness IN the answers of tho feaponaent
tD. SOLE CONTROL 10 thai wnlct
rests IN ono person. corporation uf olhcl
association.
(s). JOINT CONTROL is that which
rests IA two or more persons, corpora
sions. of other aknocIallona for IN any
combination of two or moro of theac|
and was acquired By them through the
came act pr transaction or through thl
same cerleu of acts or transactions
fe). An INACTIVE CORPORATION d
naspclaslon II ono which has neither
operating NOR fiscal autonomy but merch
legal existence.
tT). Al existent corporations not inl
active nre 10 he considered ACTIVE
az Tho SECURITIES 81 corpora'
tlon are the hlooks and the honda AMI
ogher evldenees Of Indebtedness Issued, ae.
sumcd, gunfanteed OF assured by lt nns
ieIlher summing ~ perpeiulsy or matuiint
later than one year after date Of issue.
CO., OUTSTANDING SECURITIES or'
those that navn been ieAned ana not WI
tired. cancelled or nullfiod.
Qo). ASSUMED sIaCURITiFa AZ
shoee iesned by another but which th'
assuming corporation undertakes b RAJ
ns principal pnyuf
(fiJ. GUARANTEED ancuRI1 IIes
are those asued hy unother but Of whlcl
tho guaranieclne corporation guarantees
payment l. cu undertakes payment 4
eaan the asuef fails "a mako payment.
(is-. ASSURED HEcBWTlEs ar
those Issued by another, but % Which ~
assuring corporation assures payment
i. o.. undertakes payment IN case pavlnm
| by the lasuer can not b. enforced
| tiS}. Guaranteed securities and a.
sured securities aFp contingent ohllnaslon
of the aEaFaulora and nsaurere.
! tlil. Securities are elAe4fIea a
funded debt nnd stocks. 40
fibl, Funded debt ronpfines seeutitle
whch ihe corporation Responsible thefe
Tor has undertaken 70 pay upon maturity
flel. Stocks are securities which 4
not mature If 81 which run n pefpctu
| ltyi, and which, II payable at I'll. hfe e
uuly at the option Of tho cauoatloi
Responsible therefor
l7l Funded aebt mag ~ oIoaalflel
las. ~
| (al ngAI. ESTATE MORTGAGE
/ BONDS Thosa eaeufea by d nledse o
real estate tarough mortgage o. trpa
deed Of equivalent lnstnmneui o. get.
tbl COLLATERAL TRUST BONDS.
THOSE secured hy eledas oi 9eeansiep 9
other eammcrelai paraH through irns
deed. Or equivalent instrument q ael
90 EQUIPMENT oBLlGATHoNs +
fhose secured bF q Hen upun equipment
suoh lien being created ID connection Wit
tho acquisition of lhe equipment
td) NssAiN n0Nps THOSE nut De-
cured hg amy epeola mortgage er othe
lien, hut supported only BY the generH
credit Of lhp isHner
/ fc) naisENTuREs. Unsecured chr
/ uflcalas of Indebtedness pebentnHee Wit
mortgage rluhta are those entitled IN ae
eoFdaaee with 2he terms " che eenlfRe
under ahieh they are ISSUED, % parliel
/ pate m the benefits Of any snbteaenutl
erealed mortgage II dehenturea run i
/ pefpetuily suhiees 20 an annual inlerna
charge. they afe called debeniafa alool
% NOTES Ordinary 1romlsfa 1
i my ID lenal effect plain bonds. dchcht
ufps ana nolea are substantially equifa
ieat
tg) INCOME BONDS. THOSE tne bb
lealion 10 nay Interest upon which
contingent upon The income Of the chr
TNfnll1u not required ~ the discharge g
/ superior ohlleaiIona
(hl MISCELLANEOUS. y Including raf
ESTATE mortgages, pledsiuH specified res
estate to secure lhc payment bi deb
net evidenced ~ note huud pF olhs
negotiable naper and ehhllcl m0fseaeel
! nledelne specified chaksala % menfe n
payment Of debt not evidenced bv
lnote, bond. Of athsr ueeoflahie paper.
! (iSl. Stocks are dlvlsihlp Into preicrpe
ana commoui
4nl pRFnRnEp STOCKS alv lhoa
he holders of which afa entitled to soH
piefetenee ln connection therewlEh TIL
i pfVlefeHee may BE- aone apeolal voice {
fhn coaffol IL fhe corporation nr 4 prl8llt
n llle altsrlbullnn of dlYldenda af profile
or n priority Ii lha distribution nf nsEf1
nnan u Aisaosntion of tha corporation /
i the ease 81 priority II he dlhtflbuiicn 9
dividends lllefs may x an undeunkIa
an the naft of The iseuIne corporation
j nnV attAaluteiV ahdhIfIed SUM Ner an