debenture stock

Before the Second World War there were two issues of debenture stocks in 1933 and 1935.

It also assumes that debentures or debenture stock will be transferred in much the same way as shares.

This was achieved by creating £150,000 of debenture stock and by mortgages.

Debentures, which includes debenture stock, loan stock bonds and certificates of deposit.

The rule also applies to debenture stock, but not to dividends or arrears of dividends on preference shares.

A debenture includes debenture stock, bonds and other securities of a company, whether amounting to a charge on the assets or not.

And estoppel, similar to estoppel by share certificate, clearly could arise from statements in certificates of debenture stock or in debentures.

By 1924, the company had share capital of £3,500,000; it had also issued £1,500,000 in debenture stock in May 1922.

As a result of being unable to pay the interest on debenture stocks and partly due to financial malfeasance by the Secretary, the line went into bankruptcy in 1885.

Other instances of perpetuities are the incomes derived from the debenture stocks of railway companies, also the feu-duties commonly payable on house property in Scotland.

There is a similar distinction between 'debentures' and 'debenture stock'but here it is far from meaningless and debenture stock has considerable practical advantages.

The company prospered, and by 1907 the share capital of the company was £350,000 with another £350,000 of capital in the form of mortgage debenture stock.

(11) Where the bidder proposes to issue consideration shares, loan stock or debenture stock which are to be listed it may need to prepare listing particulars (see para 17.1.3 below).

A debenture holder is not a member of the company and is entitled to interest on his debenture stock whether the company earns a profit in the accounting year or not.

Kylsant was also charged with issuing a document (the prospectus issued for the 1928 debenture stock issue) with intent to deceive, contrary to section 84 of the Larceny Act 1861.

The deed required on the creation of debenture stock may be a deed poll executed by the company alone, but it is now invariable practice for the deed to be made with trustees.

No director had an interest in the mortgage debenture stock, the 8% convertible cumulative preference shares or the 3.5% cumulative preference shares at 1st April 1992 or 31st March 1993.

It was for £2 million six-year 6.5% First Mortgage Debenture Stock and in the event, though competitively priced, 96% was left with the underwriters, The Sun Insurance Office.

If, however, the company creates £1m of debenture stock it can issue it; to subscribers in such amounts as each wants, giving each a single certificate and he can sell and transfer any fraction of it.

The Calico Printers' Association Limited was incorporated on 8 November 1899 with an issued share capital of £8,200,000, consisting of £5,000,000 share capital and £3,200,000 of debenture stock.

Count 2 was an identical count relating to the annual report for 1927 against both defendants and on count 3 Kylsant alone was charged with issuing a document-the debenture stock prospectus of 1928 with intent to induce people to advance property to the company.

(a) £3,520.000 of 12% debenture stock 1999, secured by a fixed charge on the group's properties, was issued on 1st October 1990 at par to finance the acquisition of Model Layout Ltd and the refitting of the group's offices and factory in Coventry.

Limited, for the total of £850,000 (of which £250,000 was placed in the Daniel Thwaites Settlement) in a mixture of ordinary shares, preference shares, debenture stock and cash, with the general public subscribing for £134,000 in new preference shares.

It was originally funded from her Free School endowment, but by an Order made in 1905 under the Board of Education Act 1899, £196 in Midland Railway debenture stock was transferred from the funds of the school to new Trustees to provide £3 18s.

In the first feasibility study for GLEB in November 1984,NoS had planned to raise £1.5 million from the City, either in the form of venture capital or debenture stock - a hefty 29 per cent of the launch costs, then estimated at £4.45 million.