Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-05-18

by Resolution of tue Company passed on ths
10th day Of May. 1920. 1t was resolved az
.. ta) That it is desirable to distribute
among the Members on the Register Of
Ordinary Shareholders on the 18th day 6f
rants to Bearer for Ordinary shares on
the same date who shall comply, with the
by"Vi'y'S BY Way Of capital dIstribUtion such I
number Of shares in the Garland steam
SSD eapa G or
pany In excess of its paid-up Capital for
dI The time 6sinsI as & viii Giyc to each ,I Reg
of Share Warrants to Bearer for Ordinary
shares one share of the Garland steam
Shares held by him in the Company. tbut
80 that registered shares and shares
shall not be added together for the pur-
pose Of this distribution) and that such
shares be distributed accordlnsly
cer1naat"es " 's'eTP Of tho GariSmd sfS stdsmSRis
Corpora lion the Directors Of the Company
III" actions to which the Sharehoders
would have been entitled II Fractional
Certificates had been issued at the. price
OF one shilling for each fraction OF one-'
twcntieth or such other sum as the Di-
proceeds in cash among such shareholders
IN tn" proportion in which they would
FTSC f%a to had Se sdrS
TO Bearer tor Ordinary shares in order to
EGsros Of T the Garand stsa mshS corpopa % se
tion must in the first instance deposit with
wes,minster wiTe"' House : MiibaeE' LONDON. sn.
81 ~ !. on or before the 18Th day OF July.
Warrants to Bearer as evidence of owner-
ship, and must sign an acceptance of such
require provided that such date may be eek ex-
tended 10 later date In tho absolute dis
cretiOn Of the Directors.
(dl That the Directors be and they are
hereby authorized in the case Of any hold
crs Of share Warrants to Bearer who shall
not have delivered Coupon No. so to the
Company, accompanied by the required ac-
Ceptance duly stgned on or before the 18th
date ~ the Directors in their absolute
discretion I MAJ %maY decide To- sell for such sum
Directors may in their absolute discretion
determine the shares OF the Garland Steam
shin, shiP CORPORATION to Witch such, holders
the proceeds OF such sale (but without he
teresp among the persons who would have
with their respective rights and subject to
such proof OF their title as the Directors
distribution TO deal with such proceeds in
such manner as the Directors shall deem
% That the writing off of tho sum Of
tiI": h31 lns being the purchase price paid
Goonpalion out OF the said sum Of fiola-
7TS L2s t6 be S"ddS S"d is hereby ConTmed
70 Bearer for Ordinary Shares to obtain
Certificates for the Shares OF the Garland
Steamship Corporate OF Delaware u
A., TO which they are, entitled they must
obtain the approprate form from the Head
DfiCe Of the Company at Westminster House,
!, MiIlbank, London. s, v. !. or the ofTice
York, and DEPOSIT on or before The 12th
from each Ordinary Share warrant to
Bearer held by them together with the
form duly signed and completed at the
Head Office qt tho company, Westminster
House. Millbank. London. s w
Upon such deposits being made the Share
holder shaR he deemed to have authorized
Tho Company to request the Garland Steam
ship Corporation, to issue the Shares 10
which he II entitled. -
In tho event Of a holder of a SHARE
Warrant to Bearer failing to deposit Coupon
No. 80 accompanied by the required accent
ance duly signed ON or before the 18th day
Df July. 1920, or before such later date a.
the Directors IN their absolute djscretIon
may. decide, Coupon No. SO will cease TO be-
available Tor exchange IN accordance with
The terms of the Resolution and the holder
viii be entitled only TO the proceeds OF
sale of the shares but without Interest
Registered shares and shares comprised
In Share Warrants to Bearor cannot he
pI IN