HomeMy WebLinkAbout1943 SECTION VI
The manner and basis of converting the shares of the common stock of
the Missouri Corporation into shares of common atock of the Surviving Carpora-
tion and the mode of carrying the merger into effect sball be as follows:
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A. Upon the effecriveuess of the merger: .
1. Each of the 156, 460 shares of the common stock, with par
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. value of $2.50 per share, of ths Missouri Corporation issued and
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outstanding immediately prior to the e~fectiveness of the merger ~ i
(whether or not such shares are in alI respects validly issued)
shall be, without further action, changed and converted into
~ 4. ?523b?b shares of comnlon stock, with par value of 10) per
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share, of the Surviving Corporation. The ?43, 555 shares of ~
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~ coxnrnon stock, with par value of 10) per share, of the Surviving
Corporation which will be issued and outstanding as the result of
such conversion shall be deemed to be, and shall be, duly authorized,
fully paid and nonassessable.
2. All shares of co~mon stoc'_K oi the Missouri Corporation
presently held by it in i±s treas~.:ry as "Treasury Shares", whether
or not reflected on the recor~s o: the Carporation as such, sha12 be
~ . cancelled and no sY~ares of ::±e t'?a:i~a C~rporation sh~21 be issued '
t as "Treasury Shares".
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t 3. The capita.l of the Surviving Corporation shall be not less
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~ than the sum of $74, 356. 00, consisting of 20) for each issued
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~ full share of common stock, with par value of 10) per share, of
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the Surviving Corporation issued upon the conversion of the issued
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- and outstanding shares of comrrion stock of the Missouri Corpora- ~
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tion pursuant to this Agreement and Plan of Merger.
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