UBER TECHNOLOGIES ON CLOSING OF IPO, AUTHORIZED CAPITAL STOCK WILL CONSIST OF 5.01 BLN SHARES, OF WHICH 5 BLN COMMON SHARES AND 10 MLN PREFERRED SHARES
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AIB's initial authorized capital stock has yet to be determined. It will be divided into a number shares with a specific par value, which shall be available to members for subscription in accordance with the provisions in the Agreement. The authorized capital stock shall be divided into paid-in shares and callable shares. The BOG will occasionally determine the proportion of authorized capital in paid-in shares and callable shares.
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In September 2007, six private individual investors led by businessman Leonardo S. Dayao formed Information Broadcast Unlimited, Inc. with authorized capital stock of 10 million pesos. IBU facilities are located at ComClark Annex Building, M.A. Roxas Highway cor. Ninoy Aquino Ave.
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Jin Liqun was elected as the bank's president for a five-year term. 17 states (Australia, Austria, Brunei, China, Georgia, Germany, Jordan, Luxembourg, Mongolia, Myanmar, the Netherlands, New Zealand, Norway, Pakistan, Singapore, South Korea and the United Kingdom) together holding 50.1% of the initial subscriptions of Authorized Capital Stock, had deposited the instrument of ratification for the agreement, triggering entry into force, and making them all founding members and bringing the Articles of Agreement, the bank's charter, into force. 35 other states followed later, taking the amount of Authorized Capital Stock held by the 29 members of the bank to 74%.
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On August 6, 1973, the National Electrification Administration through Presidential Decree No. 269 was converted into a corporation, wholly owned and controlled by the Philippine government under the supervision of the Office of the President. Possessed with borrowing authority and corporate powers, the authorized capital stock of NEA was pegged at ₱1 billion divided into ten (10) million shares having a par value of one hundred (₱100) pesos each. Six (6) years later, Presidential Decree No. 1645 increased the authorized capital stock by ₱4 billion with an additional forty (40) million shares. Sections 42 and 43, Chapter IV of the NEA decree effectively repealed the power to grant "electric system" franchises from the Municipal, City and Provincial Governments in favor of the NEA.
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Douglas MacArthur. After World War Two, the government, through the Rehabilitation Finance Corporation infused fresh capital. The bank’s authorized capital stock was increased to P3 million, of which, P2 million was paid-up between existing shareholders and the RFC. The bank’s resources continued to grow and by 1966, 50 years after its founding, it had a total resources of P119.5 million.
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As of December 16, 2010, Philtrust Bank has a total market capitalization of P40.6 billion and share price of P70.00. As of March 31, 2012, it has Total Assets of R103.767 Billion, Total Deposits of R87.628 Billion, Total Net Worth of R15.431 Billion, Total Paid-Up Capital of R10 Billion with Authorized Capital Stock of R22 Billion. To date, Philtrust Bank has a total of 40 branches in Metro Manila and 21 provincial branches.
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The authorized capital stock was increased to ₱250 million under Republic Act No. 3043 passed on June 17, 1961 and was further increased to ₱300 million under Republic Act No. 4897 approved on June 17, 1967. A major event in the corporate existence of the NPC was the passage on September 9, 1971 of Republic Act. No.6395 which gave birth to a revised charter for NPC. Under the revised charter, the activities and functions of the corporation were decentralized and carried out by three regional offices to be established in Luzon, Visayas and Mindanao.
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Relevant text reproduced at At the very beginning, John Marshall operated the bank out of his home. The bank suspended operations in 1823 or 1824, after Illinois had become a state. However, at the recommendation of Governor Joseph Duncan, the legislature passed a new act on February 12, 1835, extending the charter to January 1857 and using the name State Bank of Illinois at Shawneetown. An act of March 4, 1837 increased the authorized capital stock from $300,000 to $1,400,000, of which $1,000,000 was reserved for the State and $400,000 for private investors.
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The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that aims to improve economic and social outcomes in Asia. The bank currently has 103 members as well as 21 prospective members from around the world. The bank started operation after the agreement entered into force on 25 December 2015, after ratifications were received from 10 member states holding a total number of 50% of the initial subscriptions of the Authorized Capital Stock. The United Nations has addressed the launch of AIIB as having potential for "scaling up financing for sustainable development" and to improve the global economic governance.
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The surveyed route was conceded by railroad and transportation experts, including the military engineers for the United States government, to be the shortest and most feasible route to the interior of Alaska and the Yukon River, and President Theodore Roosevelt, in his message to the U.S. Congress in December, 1904 recommended government aid for a railroad over this route. The total length of the road was projected to be . In October 1905, the authorized capital stock of the Valdez-Yukon Railroad Company was $10,000,000; par value of the shares $100 each. Ten miles of roadbed was graded by this time.
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In 1919 due to disruption of relations with the parent company due to nationalization in Russia it was decided to protect the right of the London branch of the bank to exist and incorporate it as a British legal entity. The bank heads Jean Bubnov and Konstantin Popov submitted an application to register it as an English limited liability company, which was registered in London on October 18, 1919 as a company of England and Wales under number No.159752. The declared authorized capital stock of MNB is £250,000. Original shareholding structure: Moscow Narodny Bank, Centrosoyuz, Central Association of Flax Growers, Selskosoyuz and Zakupsbyt.
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Former Philippine President Fidel Ramos signed Republic Act 8523 in 1998, amending DBP's 1986 charter. Among the major provisions incorporated in the new DBP charter were the increase of authorized capital stock from P5-billion to P35-billion, and the creation of the position of President and CEO. In February 2016, former Philippine President Benigno Aquino III approved the merger of DBP with state-owned Land Bank of the Philippines, with pending approval from the Bangko Sentral ng Pilipinas and written consent of the Philippine Deposit Insurance Corporation. However, as of September 2016, the proposed DBP-Landbank merger has been canceled for implementation by the Governance Commission for GOCCs (GCG).
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The order transferred the guarantee functions, programs, and funds of the Small Business Corporation and the administration of the Agricultural Guarantee Fund Pool and the Industrial Guarantee and Loan Fund to the PhilExim, the surviving entity in the amalgamation of the five Philippine Guarantee Programs and Agencies (PGPAs). It also authorized capital stock of the PhilExim to be increased from Php10 billion to Php50 billion while the equity contributions of the national government to the HGC, IGLF, and AGFP will be transferred to the PhilExim to form part of its paid-up capital. To reflect the centralized nature of the merged guarantee functions, the PhilEXIM was renamed as Philippine Guarantee Corporation or PHILGUARANTEE.
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"Finances and Credit" group is to one of the largest Ukrainian conglomerates. It includes enterprises in the fields of metallurgy, ferrous deposits and ferromagnetic ore, engineering, transport, pharmaceutics, shipbuilding, energetics. "Finances and Credit" bank was founded in 1990 and by the size of assets it was considered one of the largest banks of Ukraine according to classification of National Bank of Ukraine. By April 1, 2009 authorized capital stock of the bank made 2 billion UAH, net wealth made 18,316 billion UAH, bank liabilities — 15,840 billion UAH. The loan portfolio made 15,880 billion UAH, loan portfolio of natural person — bank clients — 5, 983 billion UAH. By April 1, 2009 the bank system included 16 branches and 326 departments in all areas of Ukraine.
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Early in 1921, a rumor circulated through Owen Sound—a new steamboat line was being formed to re- establish cruises to the popular tourist destination of Mackinac Island. Promoted by a Collingwood steamship line, from the late nineteenth century until about 1903 these steamboat excursions crossing Lake Huron were popular from the Georgian Bay area. But it was not until the spring of 1926 that Captain Norman McKay arranged a public meeting through the Owen Sound Board of Trade to raise funds for the purchase of a steamship and refit it for reopening direct traffic between Owen Sound and other points on the Mackinac route. In 1926 the Owen Sound Transportation Company Limited was granted supplementary letters patent, under the Ontario Companies Act, increasing its authorized capital stock from $40,000 to $150,000.
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The P8-billion stock rights offer marks the first time that China Bank raised capital from stockholders since it had its stock rights offer in August 1996 and March 1997, right before the Asian crisis. Since the start of its branch expansion program in 2006, China Bank has more than doubled its asset size, market reach, and branch network without having to go back to its shareholders for additional capital, until this year's stock rights offering. At its 2014 stockholders' meeting, China Bank declared P1.00 per share or 10% cash dividend for a total of P1.59 billion and an 8% stock dividend, and increased its authorized capital stock to P25 billion. The rights shares purchased by eligible shareholders at P49.50 per share are also entitled to the cash and stock dividends.
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Flournoy, Price, and Flournoy's son Richard Parke Flournoy were incorporators of the Bradford Building Company which was chartered with capital of $20,000 on September 25, 1901, with the purpose of engaging in general building and construction projects. The following year, on December 20, 1902, Flournoy, Price, and their law partner Smith were also incorporators of the White Oak Mining Company and of the West Construction Company. With an authorized capital stock of $100,000, the White Oak Mining Company, that was engaged in the mining, shipment, and sale of coal, the cutting and sawing of timber, and the operations and sales of railway, telephone, and telegraph lines and networks. The West Construction Company, based in Chattanooga, Tennessee, was a general contracting and construction firm also involved in the operation and maintenance of railway, telephone, and telegraph lines.
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The estate executors determined that shipping 70,000 acres of harvested timber to Bay City was not efficient. The most efficient method would be to build a modern sawmill close to the timber and upgrade the logging railroad to accommodate Class I railroad rolling stock so the finished lumber could be shipped to the large markets like Chicago.THE AUBURN BULLETIN, FRIDAY. JANUARY 25, 1901, published by Auburn Publishing Co Cayuga County, New York On January 1, 1901, the estate executors, Willis C. Ward, Franklin B. Ward and George K. Root, organized a corporation, under the general railroad laws of the State of Michigan, named the Detroit & Charlevoix Railroad Company, with an authorized capital stock of $525,000 to which all equipment and right-a-way property of David Ward’s Frederic & Charlevoix RR Co. were transferred. At this time, the road had three steam locomotives equipped with air brakes, 25 Russel Logging Cars and 29 platform cars rated to 60,000 lbs with air brakes, two snow plows and two passenger cars.
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