Every evening, Wilmington daily commercial. (Wilmington, Del.) 1878-1928, 1923-01-05
They Will Make 1t Pay
AUCTiONS--LECAlS
Legal Notices
MARACAIBO on TxpLORATTON

MARACAIBO OIL EXPLORATIONS
CDUPDHATICN
NOtics ~ Special Meeting Of Stockholders
the siacEholders Of Tho Msfaesi'bo oh
Exploration Corporation.
Pursuant STANDARDIZATION BY tho board
~ directors Of the MaracaiDo Oh ExpiOra-
ton Corporation. notice Il hereby oven
that a special meeting ~ tbo stockholders
u said corporation vii b. held az the
once ~ the corporation, ~ Delaware
Trust Building. Ninth and Market straats.
Wilmington, Delaware. on Monday Janu-
gry 10, 1923, a. Z.S0 O'Clock. o.. ~,
ta)-for the purpOse o. conadetnz
ana voting upon an suth9rikatlon y an
not exceeding IN the aggregate fsOO.NyO
principal amount and % 30 known A. -
tUO-ycar seven Der cent convertible goid
dfbenturcs. - BE- dated February d.
1923. % mature February 4. 1875. 70 b.
in coupon form and iu principal amOnn -
n 5000 or ~ 900 each. and both principal
and interest - be payable without do
duction for governmental taxes. excepting
succession and Inheritance taxes and cT-
crptlnH Fodcrsl income tar iu excess -
2 pr cent. % DO convertible after August
!, 1923. into capital stock o. the cor
pOratiOn az tho rate n $500 principal
amount ~ bonds for each 90 shares 81
stock and % provide generally tLat ~
long as tho debonfures are unpal5 nalrf.s
| this corporation viii create or suffer %
/ Do created any mortgage. pledge or Aen
| upon any - IT, or their properties other
| than ~ purchase money mortgages. O.
| ~ m0rtgaZes or Hens existing On
| property 40 the time Of the hcQui q zion
| thereof. and - pledges Of quick assets
/ Tor current loans Ia the ordinary course
/ ~ business. without making Elective
/ prOVisidns in such mortgage Or other Ia
/ strument. creating any pledge or lien.
[ Wnerrby such dcDenturca shall De directly
Z secured equally and rafah.y with the
] OBLIGATIONS % DO secured Dy such new
J mortgage or other instrument. and other
I wise 70 BE- IN such form and With such
/ Drgvi siOus as tho board Of directors u
this corporation may dstermine. $50 %
/ go principal amount Of such debcn lures
70 bee presently offered 10 s5Oc-tho lders
~ this corporation Tor period % Ten
Z days. % bo determined Dy the b0ard -
/ directors ~ tho corpora ton. a. par and
accrued Interest. and pro rata o. the
holdings ~ stockholders Of record az tha
close Of business 0u the day - mailing
| 20 stockholders notice % such Offering
but subscriptions ~ stockholders ~ ID
acceptable must 30 fOr integral amounts a
$500 OF si.OOJ principal amounts q the
debentures Or multiples thereof. and any
~ such $3.50. 900 dcbcntur not 20 fakcu
By the stockholders may be sold By the
corporation from time % time az not
more than ave per cent discount % 9
icuryOration may participate.
.hl-fOr Tho Durpose o. conndering and
voting upon an amendment % tne Ger
| tlhcate ~ Incorporation ~ tho corpora'
ton % provide for an Increase q fhf
authorized capital stock of this corpora
ton from 2J0. 600 shares % 500. 900 shares
$1,000 shares 0f such Increase 20 bs
authorized 20 be reserved by the cor
po-ation Tor the requirements of con
I version ~ such debentures into capita
/ stock according 20 the terms Of suci
I dehenfurcs and 10000 shares OF slci
Increase. when authorized. 20 be issue
By the corporation upon sucn terms and
I conditions and FOR such price as n,
board 81 directors may determine; anr
~ rfafrf IN
I and voting upon such other proper action
a. may be necessary or advisable in con
| nection with The issue Of said deben ture
| and fhe increase % said capital sfock
/ BY order OF the board.
:. ROssIVtER.
secreta-y