date or dates they see fit, and they shall also have the power, if they deem it for the advantage of the corporation, to anticipate the due date of any instalment or instalments of said dividend; but such postponement or anticipation shall be by resolution of said board of directors, and shall be made before the instalment or instalments whose payment shall be postponed or anticipated fall due; but no interest shall in any event be payable on any instalment of said dividend until after the due date of said instalment, whether said due date be that above set out or that fixed by resolution of said board in accordance herewith.

Bankruptcy.

And provided, further, that in case of insolvency, bankruptcy or other winding up of the business of said Burgess Mills, before the expiration of the period of the payment of said dividend as above set forth, or as the same shall be payable by reason of the change of due date, by resolution of said board of directors in manner above set forth the whole of said dividend shall at once fall due, but shall be payable from the assets of said Burgess Mills only after the general unsecured creditors shall be paid in full, but it shall be paid before the shareholders of said Burgess Mills participate in any distribution of its assets.

(See Gay v. Burgess Mills, 30 R. I. 231, 74 Atl. 714.)

Form 3129.

Distribution of Stock Received in Sale of Assets as Dividend.

Resolved, That the 60,000 shares of the common stock of the United States Steel Corporation, par value, one hundred dollars each, received in part consideration of the sale of the company's sheet business and fifty acres of land at Vandergrift, Pa., and of the surrender of the lease of the works at Apollo, Pa., and the transfer of the capital stock of the Apollo Gas Company, and contracts with it for gas, be divided among the stockholders of this company and that a dividend of one and one-half shares of the said common stock of the United States Steel Corporation to and for each share of stock of this company, be and the same is hereby declared and made to the stockholders of this company, which said dividend of stock shall be transferred, delivered and paid when and as soon as

all stockholders of this company shall assent to and ratify the said dividend.

(Construed in Mercer v. Buchanan, 132 Fed. 501, wherein it was held that the dividend mentioned in the resolution should be treated as a cash dividend.)

Form 3130.

Guaranty of Dividends.

Marysville, Cal.,

19-.

I,, guarantee eight per cent. interest on $5,000.00 investment in Ellamoore Candy Company payable annually.

Yours truly,

(Construed in Meyer v. Moore, 72 Cal. App. 367, 237 Pac. 550.)

For good, valuable and sufficient consideration the receipt of which is hereby acknowledged, the undersigned hereby guarantee that the Dodd Motor Company will pay seven per cent. interest on the stock which this certificate represents until said stock has been retired.

(See Cownie v. Dodd, 167 Iowa 627, 149 N. W. 904.)

Form 3132.

Guaranty of Dividends-Another Form.

For good and valuable consideration, the receipt of which is hereby acknowledged, the undersigned hereby guarantees and agrees to pay to the holder of record of the within certificate, so long as said certificate shall be outstanding, but not

to exceed the present unexpired term of the period for which said Spirits Distributing Company is incorporated, one and one-half per cent. dividend on the 15th days of January, April, July, and October in each year, beginning with the year 19-, on every share of first preferred stock of said Spirits Distributing Company represented by the within certificate.

(See Bijur v. Standard Distilling & Distributing Co., 74 N. J. Eq. 546, 70 Atl. 934.)

Dear Sir: I take pleasure in notifying you that the directors of The Candy Company have this day declared a dividend of twenty-five per cent. on the common capital stock of this company payable, 19, to stockholders of record

Dear Sir: You are hereby notified that the directors of The -Chewing Gum Company have this day declared a dividend of twenty-five per cent. on the capital stock of the company, payable, 19-, to the stockholders who appeared of record at the close of business

19-.

Treasurer.

on the capital stock of this company, payable

have this day declared a quarterly dividend of two per cent.

19-, to

the stockholders of record at the close of business Transfer books will close, 19-, and reopen Checks with accompanying receipts will be duly mailed.

19—.

19

Treasurer.

Form 3136.

Notice of Dividend-Published Notice.

Utilities Power and Light Corporation.

Seven per cent. cumulative preferred stock.

The board of directors of Utilities Power & Light Corporation at a meeting held this day declared a quarterly dividend for the period ending 19, of one dollar and seventy-five cents ($1.75) per share upon the outstanding preferred stock of the corporation, payable, 19, to stockholders of record at the close of business

19-.

Class A stock.

A quarterly dividend for the period ending

19-,

of

fifty cents (50c) per share on the class A stock also was de19, to stockholders of record at the 19-.

clared, payable

close of business

Under the resolution of the directors, the holders of class A stock have the right and option to accept, in lieu of their cash dividends, additional class A stock at the rate of one-fortieth of a share for each share of class A stock standing of record in their respective names at the close of business on 19-. Unless by the close of business, 19—, the stockholder advises the corporation that he desires his dividend in cash, the corporation will send to him on, 19, the additional stock (or scrip for fractional shares) to which he is entitled.

Class B stock.

A dividend of twenty-five cents (25c) per share also was declared on the class B stock, payable 19-, to stockholders of record at the close of business 19-.

Under the resolution of the directors, the holders of class B stock, or voting trust certificates representing such stock, have the right and option to accept in lieu of their cash dividend, voting trust certificates for additional class B stock at the rate of one-fortieth of a share for each share of class B stock standing of record in their respective names at the close of business on 19-. Unless by the close of business

19, the stockholder advises the corporation that he desires his dividend in cash, the corporation will send to him on, 19, the additional stock (or scrip for fractional shares) to which he is entitled.

500 Indiana Avenue, City. My Dear Sir: On the

day of, 19, the directors. of the Keyless Lock Company declared the regular quarterly dividend No. 12 of two per cent. upon the preferred stock of this company, payable this day to stockholders of record on the

day of

19-.

Enclosed please find check for ten dollars ($10.00), being the full amount of the dividend due you on your five shares of stock of the par value of one hundred dollars ($100.00) each standing in your name.

Kindly sign and return the enclosed receipt and advise the secretary, of any change in your address.

Treasurer.