The New York herald., 1922-07-01
Fifteen Year 1laeo Convertible Gold Bor
NOTICE OF REDEMPTION.

NOTICE OF REDEMPTION.
NOTICE Is HEREBY GIVEN, as provided
In Article ii Of the 1ndenture dated as OF
August l 1921. made by Atlas Powder Com
pany TO The New York Trust Company
Trustee, covering the issue OF S4.00O,0OO. fif-
teen Year 7keo Convertible Gold Bonds, that
the Atlas Powder Company has elected TO
exercise the right conferred on It by said
Indenture and will pay off and redeem on
August l. 1922, all of the above mentioned
Fifteen Year 7iAeo Convertible Gold Bonds
which may be outstanding on said date, al
1850 OF the principal amount thereof together
with accrued interest 10 August /. 1922. and
such bonds shall cease TO draw interest after
such date.
Holders OF the said bonds are hereby noti-
fled 10 present said bonds for payment and
redemption on August /. 1922. at the prin-
cipal office of The New York Trust Com
pany, Trustee. No. 100 Broadway, In the
Borough OF Manhattan. City, County and
State OF New York. Bonds surrendered for
redemption should have attached all coupons
maturing on and after August !. 1922 bonds
registered to principal must be endorsed
In blank or be accompanied by proper instru-
ments Of assignment and transfer In blank.
Signatures must be witnessed and guaranteed
either by New York Banking Institution,
one with a New York correspondent, or
member of the New York Stock Exchange,
or acknowledged before Notary Public.
CONVERSION PRIVILEGE.
Pursuant and subject 70 the provisions of
Article V OF said Indenture the holders or
registered owners OF the said Fifteen year
Ttbes Convertible Gold Bonds may convert the
same at their principal amount into shares
OF the Common stock of Atlas Powder Com
pany OF the par value OF 500 each at the
price OF $l25 per share for the Common
stock. Such conversion may be made any
time UP to and including August l. 1922, the
redemption date, provided that the respective
holders or registered owners Of the bonds to
be converted shall have given the Corporation
at the principal office OF the Trustee In the
Borough OF Manhattan. City Of New York
written notice Of election TO convert such
bond or bonds and OF the serial number or
numbers thereof at least five days prior 10
the date specified IN such notice for such
conversion, and at the time Of giving such
notice shall have surrendered 10 the Trus-
tee at it's principal office In the Borough OF
Manhattan, City of New York. the bond or
bonds 10 be converted. stated In said
notice. with all unmaturcd appurtenant cou-
pons any bond or bonds registered as to
principal 10 be transferred 20 bearer prior
TO such surrender thereof. The rights OF
conversion shall expire at the close OF busi-
ness such redemption date above men
toned, TO wit August 1, 1922, but said re-
qurement OF a five days notice shall not 40
operate as 20 shorten the time within which
tho holder registered owner OF bonds may
exercise said conVe rsion privileges. which
shall be deemed TO have been exercised In
respect OF the bonds mentioned in any such
notice, when said notice shall have been given
and said bonds and coupons shall have been
surrendered aforesaid. Cash adjustment
will be made of accrued interest on the
bonds 10 conversion date and certificates for
fun shares Of Common stock win be issued,
carrying all dividends thereafter declared and
paid on Common Stock
No fractional shares Of stock shall be de-
lvered upon any such conversion OF bonds.
but the Corporation covenants and agrees
to deliver. or cause 10 be delivered. scrip I'm
lieu OF any such fractional shares which the
holders OF bonds exercising such right OF
conversion would otherwise be entitled to re-
coive.
Bonds presented on July 27th to the date
fixed for redemption VIII be converted as OF
August 1st and interest win be allowed on
the bonds 70 that date.
ATLAS POWDER COMPANY,
BY Leland Lyon. Treasurer
Dated Wilmington, Delaware, July I. 1922