New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-20
FINANCIAL MEETINGS
FINANCIAL MEETINGS
INTERNATIONAL MOTOR
TRUCK CORPORATION
Notice Of Special Meeting Of Stockholders
To the Stockholders Of
International Motor Truck CORPORATION.

International Motor Truck CORPORATION:
Notice is hereby given that a special meet
ing Of the stockholders OF International
Motor Truck Corporation. a corporation OF
office Of the Corporation. no. 252 West Gath
Street. Borough OF Manhattan, City, County
and State Of New York on the 9th day of
April. 1920. at 10 o'clock in the forenoon. for
the purpose OF voting upon the following
Cd To increase the number of shares Of
common stock which the Corporation may
issue by 239160 shares. from so $40 shares
of common stock without nominal or par
value to 100000 shares of common stock
without nominal or par value: TO increa Sc
the amount or the stated capital of the
Corporation by sl.l95.S00. from $16673 900
to $l7.S69, ZOO and to amend the Certificate
of Incorporation of the Corporation accord
ingly;
CD In the event that said increase Of
the number of shares of common stock
which the Corporation may issue shall be
duly authorized, to authorize and conssn.
to the issuance of ,0,I17 of said additional
shares Of common stock for the considera-
tion OF SIS per share by the transfer OF
S3o5SS5 from the surplus of the Corpora
ton to capital and the issuance and de-
livery of said 70,777> shares of common
stock as a stock dividend TO the holders OF
record OF common stock of the Corporation
at the close of business on May Z 1920
pro rata at the rate of one share for each
share Of common stock so held by said
stockholders at the close OF business May
Z. 1920:
go In the event that said increase OF
the number of shares of common stock
which the Corporation may issue is duly
authorized. to authorize and consent to the
Offering of 14155 of said additional shares
OF common stock to the record holders OF
common stock of the Corporation at the
close of business on May Z. 1920 unclud-
ing persons entitled TO receive shares of
SUCH common stock under the Plan and
Agreement dated June IL. 1919. for pro
rata subscription at the price OF $50 per
"a a fha to .t,.-
snare OF common stock so held by said
stockholders at the close of business on
May Z, 1920. that is to say, upon the basis
of their holdings prior to the issuance of
the above mentioned stock dividend such
subscriptions to be made or before May
"a. 1920. and payment for said shares TO
be made IN four equal instruments, as
follows:
the first instalment upon subscription,
the second instalment on or before July
"a 1920, the third instalment on or
before September "a. 1920. and the fourth
lnstament on or before November "a.
1920;
it being understood that said offer will be
made upon terms be prescribed by the
Board of Directors and that said offer
shall not be extended to holders OF scrip
representing fractional amounts of com
20. 1920 holders Of such scrip shall sur
render the same and receive in exchange
therefor full shares of sad common stock
and shall thereby become record holders of
full shares of common stock, such record
holders shall be entitled to receive from
the Corporation rights emitting them to
subscribe for. on or prior to May "a 1920,
one share of said additional stock for each
share of common stock registered in
their Names said rights 10 be issued at the
time aid scrip is surrendered:
90 To approve an underwriting agree
ment with Hayden Stone & Co. for the
formation of syndicate which will I'M
derwrite the entire 141.55t shares of COM
mon stock TO be offered to the common
stock holders of the company as aforesaid
and to authorize and consent to the sale
TO said syndicate at $50 per share of so
many of said 141 554 shares of common
stock as shall not be subscribed FOR by the
common stock holders of the Corporation in
pursuance OF the offer hereinabove de-
scribed, payment for the shares of COM
mon stock which the syndicate shall be re-
quired to take to be made in four equal
instruments. payable follows:
the first instalment on before May 90
1920, the second instalment on before
July "a, 1920, the third instalment on
or before September "a. 1920. and the
fourth instalment on or before November
said underwriting syndicate to eceive a
commission OF 212%o upon the e..-re ST.
0i7.1OO of underwriting, and Hayden Stone
a. Co. to receive, for their services in organ
$35,SSs;
60 In tho event that the above mem
toned increase in the number Of sha res
of common stock which the Corporation
may issue is duly authorized, to consent
to the issuance and sale of 36.S92 shares
Of common stock to officers, agents or
employees OF the Corporation at any price
not less than $50 per share that may be
fixed by the Board of Directors In their
discretion and without regard to the mar
ket value of said shares at the time Of
such issuance, and upon such terms as to
payment as the Board Of Directors shall
deem advisable: and
To take any and all lawful action in con-
nection with or incidental to the foregoing
propositions and to consider such other
a mi pcy ff,,;-
Corpora lion as may properly come before
the meeting.
The transfer books for the transfer Of
stock of the Corporation will close at the
close OF business April "a, 1920, and will
reopen on April 2S. 1929.
By order OF the Board of Directors.
a. J. BROSSEAU,
President
c. w. HASELTINE
Secretary.