The conditions “stockholder” and “shareholders” on By the-Laws and regulations had the same meaning therefore terms had within the relevant Ca rules. , 145 F. Supp. 146 (S.D.Ca.1956).
Blog post IV, part dos (election regarding most board by stockholders) and you will Post IX, section 2 (repairing of dividends because of the board out of directors) out of From the-Legislation from House Deals and you may Loan Connection
Home believed Pasadena liabilities regarding the level of $73,618, and you may paid off $8,031, into be certain that inventory. Managing both of these number while the price out-of Pasadena, its overall was $81,649,. This number of the purchase price try apportioned to help you cash or their equivalent together with harmony thereof, $72,851, is apportioned to your remaining assets regarding adopting the trend:
Anaheim debts thought from the Home amounted to help you $21,525,. The money commission including believed liabilities equals $23,786,, the entire price. Possessions including dollars or the equivalent held of the Anaheim amounted to help you $2,361,. The balance of your cost, $21,424, ($23,786, $dos,361,) was apportioned so you can Anaheim’s leftover assets about following the trend: