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4. There ahall be transferred by the Missouri Corpora- .
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tion to the respective stockholders' equity accounts of the ~
Florida Corporation, aa the Surviving Corporation, the entire
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stoc&holders' equity of the Missouri Corporation which shall '
be apportioned among the respective stockholders' equity accounts ;
. of the Flozida Corporation in accordance with generally accepted
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accounting priaciples and applicable Florida law.
5. The assets and Iiabilitiss of the Florida Corporation and
of the Missouri Corporation not otherwise transferred or carried •
- over shall be taken up or continued on the books of the Surviving
Corporation at the amounts at which they are respectively recorded,
immediately prior to the effectiveness of the merger, on the books
of the Constituent Corporations, with any appropriate adjustments
as may be made in accordance with generally accepted accounting
principles. ~ _
6. The one (1) issued and outstanding share of common stock
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with the par value o~ (S. 10) per snare of the Florida Corporation
~ held by the subscribzr to its A:ticles of Incorporation shall on the
effectiveness of the m_er;er be caacelled and shall thereupon become
- authorized but uniss~ed co.-~*::on s~~c~ of the Florida Corporation.
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i Accordingly, the common stock accvunt of the Florida Corporation
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; shall be reduced by the amount of 10), such sum being the
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~ arnount of the par value attributable to the stock of the Florida
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f Corporation which is being cancelled.
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~ B. After the effectiveness of the merger, each holder of an outstanding
- certificate or certificates ~vhich_prior thereto represented shares of the common
stock of the Missauri Corporation, shall surrender the same for cancellation to
I4iidwest Mortgage Company, 120 v. E. 9th Street, l~:iami, Florida, as the Ex-
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