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• MERGER AOR~~T
AGREEMENT. made this 23rd day o! December, 1970, between
CHRYSLER pINANCIAL Ct~RPORATION, a Michigan corposation l"CtC"), and
a majority o! the Directors thereof, and ALLIED CONCORD yiNAMCIAL
CpRpOR~TInN, a Delaware corporation ("Allied"), and a majority o!
.I the Directors thereo! (said corporations being hereinaites sonie-
I
times collectively called the "Constituent Corporations").
8, C!C has authorized capital ccnsistinq o! 400,000
M~REA
shares o! prelerred Stock with a psr value of X100 pes abase, aaa
250,000 shares o! Contioon Stock, with a par value o! x100 pes rhas'o•
a d
sll o! which shares are issued and outstanding, n
MHaREAB, Allied has authorised capital of 100,000 ~Aas~• '
o! Cumulative preferred Stock with a par value o! =100 per skate.
64.000 shares of Preference Stock with a par value o! f100 pes
's'~ J•'
share, none o! which are outstanding, and ?,000;000 abases o!
Connon Stock with a par value o! ;l per share, of vfiich 1,144.062
are outstanding and 33,000 are held in the treasury, and
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MiLREA8, it is the opinion o! a majority of the Disktos•
o! CTC and Allied that it is desirable and genesally to the wltate
3~
o! CtC and Allied and their respective stockholders that J1111e4
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merge into C!C in the manner and upon the terms and conditions
3;
hereinafter contained:
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