STATEMENT OF PHYSICAL PROPERTIES OF THE OWENS MACHINE COMPANY.
Acres Sq. ft. of Approximate of land Factory Annual Location Occu- Floor Capacity of plant pied space Bottles Character of buildings The number of employees at the several plants of The Owens Bottle-Machine Company is approximately 700.
The American Bottle Company owns hand plants at New ark, Ohio ; Massillon,.0hio ; Wooster, Ohio ; Streator, Ill., and Belleville, Ill. The Belleville and Wooster plants have been partly dismantled and are carried on the Company's books simply at the value of the land. The Massillon plant has not been operated for several years, and is carried on the books simply at the value of the land. There are five hand-blown furnaces at Newark, some of which have been operated within the past two years, but the values of the buildings and equip ment were all charged to depreciation reserve before closing books August 31, 1915, and the land values only are carried in the appraisal of the Newark machine plant property. There is one hand-blown factory at Streator, Ill., which is, however, so closely identified with the Streator lower machine plant that it is considered a part of the machine plant. The acreages of the several hand plants are as follows : Massillon, Ohio, 15 acres ; Wooster, Ohio, 12 acres ; Belle ville, Ill., 12.58 acres.
The number of employees of The American Bottle Com pany at the several plants is approximately 1,200.
The number of employees of the Whitney Glass Works is approximately 275.
The plant of the Toledo Owens Glass Sand Company is not being operated at present.
The American Bottle Company has no funded or mortgage debt.
The Owens Bottle-Machine Company agrees with the New York Stock Exchange as follows : Not to dispose of its stock interest in any constituent, subsidiary, owned or controlled Company, or allow any of said constituent, subsidiary, owned or controlled companies to dispose of stock interests in other companies unless for retirement and cancellation, except under existing authority or on direct authorization of stockholders of the Company holding the said companies.
To publish and submit to the stockholders, at least fifteen days in advance of the annual meeting of the corporation, a statement of its physical and financial condition, an income account covering the previous fiscal year, and a balance sheet showing assets and liabilities at the end of the year ; also annually an income account and balance sheet of all con stituent, subsidiary, owned or controlled companies.
To publish quarterly an income account and balance sheet.
To maintain in accordance with the rules of the Exchange, a transfer office or agency in the Borough of Manhattan, City of New York, where all listed securities shall be directly transferable, and the principal of all listed securities with interest or dividends thereon shall be payable ; also a registry office in the Borough of Manhattan, City of New York, other than its transfer office or agency in said city, where all listed securities shall be registered.
Not to make any change in listed securities of a transfer agency or of a registrar of its stock, or of a trustee of its bonds or other securities, without the approval of the Com mittee on Stock List, and not to select as a trustee an officer or director of the Company.
To notify the Stock Exchange in the event of the issuance of any rights or subscriptions to or allotment of its securi ties and afford the holders of listed securities a proper period within which to record their interests after authorization, and that all rights, subscriptions or allotments shall be trans ferable, payable and deliverable in the Borough' of Manhat tan, City of New York.
To publish promptly to holders of bonds and stocks any action in respect to interest on bonds, dividends on shares, or allotment of rights for subscription to securities, notices thereof to be sent to the Stock Exchange, and to give to the Stock Exchange at least ten days' notice in advance of the closing of the transfer books, or extensions, or the taking of a record of holders for any purpose.
To redeem Preferred Stock in accordance with the require ments of the Stock Exchange.
The Directors (elected annually) are: Edward D. Libbey, William S. Walbridge, Clarence Brown, Michael J. Owens, Frederick L. Geddes, William H. Boshart, John D. Biggers, Tunis H. Miller, all of Toledo, Ohio, and Elisha Walker, of 25 Broad Street, New York.
The Officers are: Edward D. Libbey, President ; Clarence Brown, William S. 'Walbridge and William H. Boshart, Vice Presidents ; William S. Walbridge, Secretary ; John D. Big gers, Treasurer ; Michael J. Owens, Factories Manager ; Frederick L. Geddes, John D. Biggers and Tunis H. Miller, Assistant Secretaries.
The fiscal year ends on September 30.
The annual meeting of the stockholders is held at the Com pany's principal office, 1401-1434 Nicholas Building, To ledo, in Lucas County, Ohio, on the second Tuesday in No vember in each year.
Certificates of stock are interchangeable between New York and Toledo.
The Transfer Agents for the Preferred Stock and Com mon Stock are The New York Trust Company, New York, and The Ohio Savings Bank & Trust Company, Toledo, and the Registrars are the Liberty National Bank, New York, and Northern National Bank, Toledo.
This Committee recommends that the above-described Temporary Certificates for $6,957,400 Seven per Cent Cumulative Preferred Stock and $1,500,000 Common Stock be admitted to the list, on official notice of issuance and pay ment in full, with authority to add $7,500,000 Common Stock upon official notice of issuance in exchange for out standing Common Stock of the par value of $100, also with authority to substitute permanent engraved interchangeable certificates for Preferred and Common Stock respectively, upon official notice of issuance, in exchange for temporary certificates therefor; making the total amount authorized to