[Letter from Southern Company, March 15, 1957] Page: 2 of 2
[1] p. ; 26 x 21 cm.View a full description of this letter.
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INSTRUCTIONS FOR USE OF WARRANT
YOUR WARRANT WILL BECOME VALUELESS UNLESS RECEIVED BY THE AGENT BY 3:30 P. M.,
NEW YORK TIME, ON APRIL 4, 1957
THE RIGHTS REPRESENTED BY YOUR WARRANT MAY BE
A. Used to subscribe for common stock (See Instructions 1-5 below),
B. Sold through the Agent if no more than 12 Rights are represented (See Instruction 2 below),
C. Sold through a bank or broker (See Instruction 6 below), or
D. Transferred to another (See Instruction 6 below).
1. NUMBER OF SHARES TO BE SUBSCRIBED FOR: No fractional shares will be issued. To determine the
number of shares for which subscription may be made, divide by 13 the total number of Rights evidenced by the
\Varrant(s) to be exercised. Any balance less than 13 constitutes excess Rights. For example, the holder of 32 Rights
is entitled to subscribe for 2 shares and has an excess of 6 Rights. The 6 excess Rights may be applied against a
subscription for 1 more share by the purchase of 7 more Rights, or the 6 excess Rights may be sold.
2. PURCHASE OR SALE OF RIGHTS THROUGH AGENT: By filling out FORM 1 on the back of the Warrant
the holder authorizes the Agent to buy Rights (not more than 12) to complete a subscription, or to sell Rights (not
more than 12) not needed for subscription. If you wish the Agent to sell all your Rights (not more than 12) without
subscribing, execute FORM 2 on the back of the Warrant and deliver the Warrant in the enclosed envelope to the Agent
in ample time to permit such sale to be made prior to April 4, 1957. This service will be rendered to the holders of
\Varrants without charge for brokerage commission or other expenses, subject to the Agent's being able to find a seller
or purchaser of Rights, as the case may be.
3. SUBSCRIPTION: Fill out FORM 1 on the back of the Warrant and sign it. Remittance must include the full Sub-
scription Price for all shares subscribed for. The remittance should be made payable to the order of Guaranty Trust
Company of New York, Agent, and should be mailed with the Warrant(s) in the envelope supplied for such purpose or
delivered to the Agent, Guaranty Trust Company of New York, Corporate Trust Division, 140 Broadway, New York 15,
N. Y., so as to be received by 3:30 p.m., New York Time, on April 4, 1957. If the shares subscribed for are to be issued
in a name other than that shown on the Warrant, Federal stock transfer tax stamps must be affixed to the Warrant and
cancelled, or funds provided for the purchase thereof, at the rate of 5 cents for each 260 Rights or part thereof in excess
of 12 Rights.
4. LEGAL PAPERS: When the shares subscribed for are to be registered in the same manner as the Warrant is
registered and FORM 1 is signed in the same name, no papers are required. If (a) FORM 1 is executed by an executor,
administrator, guardian or other fiduciary, or a corporation, and the Warrant is otherwise registered, or if (b) the
\Warrant is so assigned in FORM 3, the person executing must give his full title in such capacity and proper evidence
of authority so to act must be supplied. If FORM 1 is executed by an attorney (except where such execution is by a
]ank or broker as agent for the registered holder of the Warrant and the shares are to be issued in the name of such
registered holder), or if FORM 3 is executed by an attorney, evidence as to authority so to act must be supplied.
5. DELIVERY OF STOCK CERTIFICATES: Delivery of certificates for the shares subscribed for will be made as
soon as practicable after subscription is completed. If the stock certificate is to be mailed otherwise than to the name
aiiil address appearing on the face of the Warrant, insert delivery instructions in the appropriate space. Tn the absence
of Inchi iistiiiiao'ns" drlh ry w,1\ill V b m)(, b Im tomil the siibscribyr.
6. TRANSFER OF RIGHTS TO ANOTHER: To transfer yOir \\arrant, fll oat anI ign 1:)1 \l i n thl tck
thereof and comply with the requirements of Instruction 3 as to Federal stock transfer tax stamps. The signature of
the registered owner to the assignment must correspond with the name shown on the Warrant in every particular,
without alteration or enlargement or any change whatever. Such signature must be guaranteed by a bank or trust
company having an office or correspondent in New York City or by a member of the New York Stock Exchange or the
\merican Stock Exchange Clearing Corporation.
A Warrant, if properly assigned, may be used by the assignee for subscription without having a new Warrant issued.
] owever, if it is desired to have a new Warrant issued in the name of the assignee, the original Warrant, duly assigned
and with complete delivery instructions, should be sent to the Agent mentioned above in ample time to permit the
'suance, delivery and use of the new Warrant by April 4, 1957.
JIVISION OR COMBINATION OF WARRANTS: To divide or combine Warrants, no signature or signature
narantee is required for the issuance of the new Warrant(s) in the same name. Merely send the Warrant(s), with
-mplete instructions, to reach the Agent mentioned above in ample time to permit the issuance, delivery and use of
he new Warrant(s) by April 4, 1957.0
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Southern Company. [Letter from Southern Company, March 15, 1957], letter, March 15, 1957; (https://texashistory.unt.edu/ark:/67531/metapth1321978/m1/2/: accessed July 6, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Rosenberg Library.