Word: refundability
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Despite the offer by Alan Gottlieb '41, president of the Student Union, to refund all money taken in, the policemen refused to withdraw the ultimatum against the play...
...possible the first big financing of 1940. It consists of $30,000,000 in debentures, $8,000,000 of them at 2¾% due in ten years, $10,000,000 at 3¾% due in 20 years, $12,000,000 at 3¾% due in 30 years. They will refund a 5% issue of 99-year bonds which was to have run till 2028. Interest savings will give the sinking fund $900,000 a year (before taxes). American Gas will sell at the same time $35,562,300 (par value) 4¾% cumulative preferred stock and call an equal amount...
...money, amounting to $10,000,000 of the proposed $28,594,000 bond issue (the remaining $18,594,000 would refund an older bond issue paying a lower interest rate). Under the statute, the Commission is charged with determining if a new security issue is: 1) necessary, 2) desirable for the issuing company. Halsey Stuart and Otis had offered to put up this new money for common stock instead of bonds, to take a risk as minority holders in Consumers Power instead of adding to its debt as C. & S. proposed. Because of this offer bond financing was no longer...
...successful, winning last August a reduction of $502,721. Town officials, who would have to make refund, and who faced similar litigation for the years 1935 to 1939, calculated they would have to write their neighbor a check for some...
Last week, however, Mr. Rockefeller declared he would waive the refund (except half the $6,705 litigation cost) and forget any further action, if the town would base his 1940 assessment on the readjusted one for 1934, and if he could be assured that henceforth he would not be discriminated against...