New-York tribune., 1920-05-17

NO1lCE is ALSO HEREBY GIVE,
that by Resolution of the Company passs,
on the 10th day of May. 1920, /, was n
solved as follows:
2. ta) That 1t is desirable TO dis.
tCbute among the Members on tina
hSgister of Ordinary Shareholders on
the l!th day of May, 1920. and the
holders OF Share Warrants to Bearer
for Ordinary Shares on the same date
who shall comply with the conditions
hereinafter mentioned as and by way
or capital distribution such a num-
Der OF shares IN the Garland Steam.
snip Corporation OF Delaware, I. s
A. representing Capital assets Of the
Company in excess of It's paid-up Cap
lal tor the time being) as Will give "a
each registered Ordinary SHAREHOLDERS
and Holder of Share Warrants to
bearer FOR Ordinary Shares one share
OF the Garland Steamship Corporation
LOT eVery twenty Ordinary Shares held
by him in the Company (but so tha.
registered shares and shares COM
prlsed IN Share Warrants to Bearer
shail not be added together for tho
purpose of this distribution) and that
such shares be distributed accordingly.
tb) That instead OF issuing Frac.
Gonal Certificates OF the Garland
steamship CORPORATION the Directors
hereby authorized to sell the fractions
10 which the Shareholders would have
been entitled if Fractional Certificates
hao Been issued at the price Of one
smiling for each fraction OF one.
directors may obtain and to distribute
the proceeds in cash among such
shareholders in the proportions in
"hlch they would have been entitled
TO the fractions Y Fractional Certia.
Gates had been issued.
Co That the holders OF Share War.
rants to Bearer for Ordinary Shares in
oroer 10 become entitled TO dis.
tr'oution Of the shares OF the Garland
Steam mship Corporation must In the
nrst instance deposit with the Com
pany at Its Registered once, West
minister House. Millbank. London.
?; ~, ". l; oo on or before the l2th day o.
from Snare Warrants TO Bearer as
evidence of ownership and must sign
an acceptance' OF such shares in such
iorfn az the Directors snail requirs
provided that such date may be ex-
tehoed 10 later date in the absolute
discretion OF the Directors.
(d( That the Directors be and they
are hereby authorized in the case OF
any holders OF Share Warrants 10
Searer who shall not have delivered
Coupon No. so to the Company. &c
companied by the required acceptance
du4y signed on or before the 18th day
or July. 1890, or before such later date
as the Directors IN their absolute dis
cretion may decide. to sell ,or such
t!ons as the Directors may in thsir
absolute discretion deserinins the
snares OF the Garland Steamship Cor.
poration TO which such holders would
proceeds OF such sale tbut withou,,
hterest) among the persons who would
nave been entitled to such shares N
accordance with their respective rights
s,a ana subject to suoh proof OF thsr s
clent and pending sach distribution 70
oea with such proceeds in such man
ner as the Directors shall deem con-
venient
.(e) That tho writing off of the sun,
OF t475.4a7 lsa being the purchase
pEce paid by the Company for ths
said 1900 Shares OF the Garland
Steamship Cooperation OUT Of the saa
sum Of f4.s12.733 l2a Id be and is
hereby confirmed
TO enable the holders o, Share Warran
% Searer for Ordinary Shares TO ootA
certi1cates FOR the Shares OF the Gar.G
9.teamsnip Corporation OF Delaware. I.
obtain the appropriate form from y
n n cad ONCE Of the Company at Westmi'
ster House. 7 Milibank. London, S. w,
,r the ONCE of the Company al 6ll bI,'
avenue. New York. and deposit on or .
,9re Sa the 18th day Of July. 1920, cSupS a'
Share Warrant 10 Bearer Eeid by the
together with the form duly signed o.
completed at the Head Once Of the COZ
pany, Westminster House. Millban
London, s. w. !.
=, Upon such deposits being made 8
5hareholder shall be deemed 10 have :
-horizsd the Com pany 10 request tho "a
ana Steamship Corporation to Issue L
Shares TO which he is entitled.
In tho event of \ holder OF shs
w arrant to Bearer failing TO deposit 20
pom No. SO npanied by the reou.
acceptance duly signed on or before !.
ater Gate as the Directors in their abs
ue discretion may decide. Coupon NO.
VIII cease to be available for exchange
accordance with thu terms OF the heso.
10 the proceeds of sale OF the Shares Q
without interest.
Registered Shares and shsres cotnpr's
IN Share Warrants to Bearer cannot