[HM88AAF], Agreement, Havana Electric Light Co, Juan Manuel Ceballos, Charles Coudert, Antonio F de Navarro, June 18th, 1888
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Title
[HM88AAF], Agreement, Havana Electric Light Co, Juan Manuel Ceballos, Charles Coudert, Antonio F de Navarro, June 18th, 1888
Editor's Notes
Summary: Charles Coudert agrees to act as Trustee for the stock of the Havana Electric Light Company on par with the value of the stock granted to Antonio Navarro, Joaquin de Calvo, Demetrio P de la Rivera, and Juan M. Ceballos, for five years. Coudert has full authority to vote on matters pertaining to the stock in stockholder meetings, and to name new directors should the Board of the Company fail to appoint successors, and to act as attorney and proxy for the remaining directors. He is empowered to pay out dividends. Capital Stock of the Company not distributed to the parties of the first part (the Spaniards/Cubans) shall be issued to Coudert, said stock to be charged at ΒΌ proportion to the Spaniards/Cubans, the rest to be at the discretion of Coudert. If the Spaniards want to call on this stock at any time they are to put in a written demand to Coudert. In exchange for these services, Coudert retains 3 percent of the dividends as compensation. At the end of his tenure, Coudert is to receive 5 percent of the stock under his care. If the first parties wish to cancel the trusteeship, then they must submit a written request. Coudert then receives his compensation and the stock reverts to the first parties. Text: Typed out in the original
Mentioned
Date
1888-06-18
Type
Subject
Folder/Volume ID
HM88-F
Microfilm ID
144:106
Document ID
HM88AAF
Publisher
Thomas A. Edison Papers, School of Arts and Sciences, Rutgers University