Accordingly, and as Alabama admitted, state law gave domestic corporations the "ability to reduce their franchise tax liability simply by reducing the par value
of their stock, while it denies foreign corporations the same ability.
Under the old system, a country in deficit that was losing reserves was pushed more quickly than a country in surplus to deal with its balance of payments problem, either through demand-management policy, or by adjusting the par value
of its currency.
of NIS 1 par value
per share; and the issued and outstanding share
Instead, bond principal is recouped by collecting the par value
from the issuing company.
As a result of the above mentioned, no more Debentures (Series 2) exist and the Company's share capital is 28,074,584 Ordinary Shares of 1 NIS par value
22 Series, $100 par value
, 40,000 shares, currently callable at $100 per share.
As a result of the reverse stock split, stock certificates may be exchanged on the basis of one share of par value
Morgan Keegan senior managed 152 offerings with a par value
992435 shares of GM $1-2/3 par value
common stock for each share of Preference Stock called for conversion, plus $0.
As a result, the Company's authorized capital has increased from 100,000,000 shares of common stock with a par value
Once effective, the Company's authorized capital will increase from 100,000,000 shares of common stock with a par value
The Fund will redeem 100% (2,050 shares) of its then outstanding Series M Auction Rate Preferred Shares par value