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" The holders of the preferred stock shall be entitled to receive, when and as declared by the board of directors... "
Taxation of Shares of Preferred Stock of Banks While Owned by Reconstruction ... - 76. lappuse
autors: United States. Congress. House. Banking and Currency Committee - 1936 - 80 lapas
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Cases Decided in the Court of Claims of the United States, 100. sējums

United States. Court of Claims - 1944 - 656 lapas
...all the Class "A" and "B" Preferred had been retired; that the holders of Preferred Stock "A" should be entitled to receive when and as declared by the board of directors out of net profits to be determined as therein provided cash dividends at the rate of 5% per annum; that subject to the...
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Cases Decided in the Court of Claims of the United States, 101. sējums

United States. Court of Claims - 1944 - 960 lapas
...recorded in the office of the Clerk of the Superior Court of Gaston County. The holders of the preferred stock shall be entitled to receive when and as declared by the Board of Directors from the surplus or net profits of. this company, cumulative dividends at the rate of (but never exceeding)...
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Interstate Commerce Commission Reports: Reports and Decisions ..., 290. sējums

United States. Interstate Commerce Commission - 1956 - 1144 lapas
...conditions stated, of preferred shares which will have a par value of $5 each. The holders thereof will be entitled to receive, when and as declared by the board of directors, dividends at the rate of 6 percent per annum before any dividends are payable on the common stock....
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Corporation Law of Maryland

Maryland - 1908 - 390 lapas
...— shares thereof, amounting to dollars ($ ), shall be common stock. The holders of the preferred stock shall be entitled to receive, when and as declared by the board of directors, out of the surplus or netpretc"ed profits of the corporation, annual dividends at the rate of, but not •""'"•...
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The Statutory and Case Law Applicable to Private Companies, with Special ...

James Brooks Dill - 1911 - 860 lapas
...by-laws — Preferred as to capital and accrued dividends on dissolution. The holders of the preferred stock shall be entitled to receive, when and as declared by the board of directors, out of the surplus or net profits, but only out of accumulated profits and not out of the profits of any subsequent...
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Decisions of the Railroad Commission of the State of California, 36. sējums

Railroad Commission of the State of California - 1932 - 1186 lapas
...articles of incorporation, among other things, provide that the holders of the preferred shares shall he entitled to receive, when and as declared by the board of directors, out of the surplus or net profits of the corporation, dividends at the rate per share per annum of, but not...
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Principles of Corporation Law

Joseph Chalmers France - 1914 - 512 lapas
...shall be preferred stock, and ( ) shares thereof, amounting to dollars The holders of the preferred stock shall be entitled to receive, when and as declared by the board of directors, out of the surplus or net profits of the corporation, annual dividends at the rate of, but not exceeding per...
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Maryland Corporation Law

Maryland - 1916 - 748 lapas
...dollars each, aggregating dollars, with the hereinafter named preferences. The holders of the preferred stock shall be entitled to receive, when and as declared by the Board of Directors, out of the surplus of netproflta of the co;poration, annual dividends at the rate of, but not exceeding per...
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The Stock Market

Solomon Stephen Huebner - 1922 - 524 lapas
...of payments of dividends and of payments on liquidation or dissolution. The holders of the preferred stock shall be entitled to receive, when and as declared by the Board of Directors, dividends from the surplus or net profits of the corporation at the rate of seven per centum per annum,...
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Reports of Cases in the Supreme Court of Nebraska, 106. sējums

Nebraska. Supreme Court, David Allen Campbell, Guy Ashton Brown, Lorenzo Crounse, Walter Alber Leese, Lee Herdmen, Henry Clay Lindsay, Henry Paxon Stoddart - 1922 - 980 lapas
...deficiency shall be payable before any dividends shall be paid upon or set apart for the common stock. "The holders of common stock shall be entitled to receive, when and as declared from the surplus or net profits of the corporation, yearly dividends at the rate of seven per cent,...
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