The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-07-01
ELECTIONS AND MEETINGS.
TO TIE STOCKHOLDERS OF
Aetna Explosives Company, Inc:

NOTICE Is HERBY GIVEN that a
special meeting OF stockholders OF AETNA
EXPLOSIVES COMPANY, INC, viii he
held at the Office of the corporation. Room
No. 2I0l, 165 Broadway. Borough OF Man
haitian, ctty. County and state OF New
twelve O'Clock noon. TO transact the fol-
lowing business, to wit:
l. To take such action as the stockholders
may determine with reference to the
approval OF certain Terms of settlement.
dated May 20, 1919. formulated BY com
mittss appointed by Hon. julius NJ. Mayer,
Judge OF the United States District Court
for the Southern District OF New York, to
prepare plan TO carry out the settlement
suggested 0y him of the differences be-
tween the various classes OF security hold
ers and to terminate the receivership OF
the corporation, which Terms OF Settle
May "a, 1919, copy OF which Is on file in
tn, ONCE OF the corporation, said Terms
in effect. that ths holders OF the present
bonds shall be entitled to receive therefor,
at their option, either td) $50 thereof In
cash or co. 1000 thereof in SO Series
bond of the corporation maturing in twelve
years; that the preferred stockholders
shall be entitled to receive for each share
II preferred stock s20.76 In cash and SIS
in So Series d bond of the corporation
maturing In twenty-five years that the
existing holdings; that Messrs. J. & W.
SeNgman & Company, representing bond
holders and preferred stockholders, shat
enter into an agreement with hessrs Holt
and Odell, the receivers Of the corporation,
IN form approved by the Court. under
which the preferred stock represented BY
them shall be voted by Messrs. Holt and
Odel and/or their nominees for the pur-
pose Of carrying out the Terms OF Settle.
nsnt. and under which the bonds and
shall, at a time or times designated by the
Court. be delivered TO Messrs. Holt and
designated by thcm; that Messrs F. II.
Prince a. Company, as large owners OF
common stock and representing other COM
l.. a A. alaNI N0Na
agreement with Messrs, Holt and odell, in
form approved by the Court, under whiCh
the common stock owned and represented
by said firm shall for the purpose of
carrying out the Terms OF settlement and
at a time or times Designated by the Court,
either be delivered to Messrs. Holt and
designated by them, or be voted by medium
OF proxies running 10 Nessrs Volt and
may deem advisable: and that the stated
capital Rnd/Or the certificate OF inCorpora-
tlon Of the corporation might be changed
or amended az approved by the Court and
the Committee.
2. To take such action as the stock
holders may determine with respect TO
the ratification and approval of n con-
tract dated June 2, 1919, between Aetna
Explosives Company. Inc. J. w. sells-
man & Company; as Readjusi,ment Man,
Aetna Explosives Company Inc. dated
March l, 1918. and Mcssrs. George c, Holt
and BENJAMIN Il. Odell, as receivers of
Aetna Explosives Company, Inc, which
contract has for It's object the carrying
out OF said Terms OF Settlement OF Aetna
Explosives Company, Inc, referred TO
above. copy OF which Is on file In the ONCE
OF the corporation
8 To take such action as the stock
holders may determine with reference to
| authorizing an amendment to the 'certih-
cate of Incorporation OF Aetna Explosives
| Company, Inc, 81 as 10 reduce the amount
of the stated capital Of the corporation
! from slSl00.Oo0 to $3.50, 600
4. To take such action as tho stockh Of Id
| ers may determine with reference 10 CON
! renting to the making, execution and de-
| livery by the corporation Of a mortgage
| in such amount as may be necessary. se-
curing tho Series A and Series II bonds
required TO be lssued by the corporation
! 10 carry out the Terms of Settlement
| g. To take such action as the stock,
! holders may determine with references 10
any other action by the corporation as
may he necessary or convenient to carry
! out the Terms of Settlement,
I g. 70 elect directors Of tho corporation
Z. To transact such other business Al
may properly come before the meeting.
Dated June IL. 1919