The New York herald., 1922-07-12
ATLAS POWDER COMPANY.

flfteen year I1a4c ConNerttDle IrOlu Bouu1.
NOTICE OF REDEMPTION.
NOTICE is HEREBY GIVEN. as provided
in Article II OF the Indenture dated as Of
August /. 1921. made by Atlas Powder Com
pany to The New York Trust Company.
Trustee. covering the issue OF $1,000 900. FIJI
teen Year Thq6 Convertible Gold Bonds. that
exercise the right conferred on II by said
Indenture and will pay off and redeem on
August J. 1922. all Of the above mentioned
Fifteen Year 7I5q6 Convertible Gold Bonds
which may be outstanding on said date. at
1856 of the principal amount thereof together
with accrued interest to August u lSz2, and
such bonds shall cease to draw interest after
such date.
Holders of the said bonds are hereby noti-
fled to present said bonds ds for payment ana
cpal office OF The New York Trust COM
pany, Trustee, No. 100 Broadway, In the
Borough OF Manhattan. City. Coenty and
redemption should have attached all coupons
maturing and after August l. l922. Bonds
registered as TO principal must be endorsed
In blank or be accompanied by proper instru-
ments OF assignment and transfer In blank.
Signatures must be witnessed ana guaranteed
either by New York Banking institution,
one with New York correspondent. or
member OF the New York Stock Exchange
CONVERSION PRIVILEGE.
Pursuant and subject to the provisions OF
Article OF said Indenture the holders or
registered owners Of the said Fifteen Year
7ikeo 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 $doo ts each cne a. ,ne
stock. Such conversion may be made any
time up to and including August I. 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 to
a.. 49, Nd t., o.,,l, vxaftr fnp Eftoh
conversion, and at the time of giving such
notice shall have surrendered to the Trus-
tee at It's principal office In the Borough OF
Manhattan, City of New York, the bond or
bonds to be converted, as stated IN said
notice, with all unmatured appurtenant cou-
pons; any bond or bonds registered as to
principal to be transferred to bearer prior
to- such surrender thereof. The rights OF
conversion shall expire at the close of bust-
ness on such redemption date above mem
toned, to wit: August /. 1922. but said re-
quirement of five days notice shall not, so
operate as to shorten the time within which
the holder or registered owner of bonds may
exercise said conversion 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 as aforesaid. Cash adjustment
will be made of accrued interest on the
bonds to conversion date and certificates for
full shares of Common Stock will be issued.
carrying all dividends thereafter declared and
paid on Common Stock.
No fractional shares of stock shall be de-
livered upon any such conversion of bonds,
but the Corporation covenants and agrees
to deliver. or cause to be delivered. scrip In
lieu Of any such fractional shares which the
holders of bonds exercising such right OF
conversion would otherwise be entitled to re-
ceive
Bonds presented on July 9th to the date
fixed for redemption will be converted as Of
August list and interest will be allowed on
the bonds to that date.
y. ATLAS POWDER COMPANY
BY Leland Lyon, Treasurer
Dated Wilmington Delaware. July /, 19o2