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Show i Tax Exempt in California Exempt from Federal Normal Income Tax $6,000,000 I , Goodyear Tire & Rubber Company of California j ' fS7 IT 1 a' - Non-assessable 1 JT 10 vUKlUiatlVS Dividends payable quarterly on January. April, July and October 1st. 1 M Pk&viiarJ Qf--flr Redeemable as a whole only at 105 during first five years and rreierreO , thereafter at HO and accumulated dividends. Par Value of Shares $100 Los Angeles Trust and Savings Bank, Registrar j , : : A Letter from President F. A. Seiberling r Dear oirs: j I take pleasure in giving you the following information regarding the GOODYEAR TIRE P G RUBBER COMPANY OF CALIFORNIA: ' This Company has been incorporated under the laws of the State of California to manufacture and sell automobile, truck and motorcycle tires and tubes, tire accessories and repair materials, aero- I j j hautic supplies and mechanical rubber goods. j ! The established business of The Goodyear Tire & Rubber Company (of Akron, Ohio) in the I s ; States of California, Oregon, "Washington, Idaho, Montana, Utah, Nevada, Wyoming, Colorado, - 5 Arizona and New Mexico and Hawaii is being turned over to it. I The sales in this territory in the year ending October 31, 1918, amounted to $13,205,619.71. ! The 'new corporation, therefore, commences with a large business and a valuable good will. j 1 Capitalization Earnings ' ! The Captital Stock of the Goodyear Tire & Rubber Pending the completion of the California plant, the jj Company of California will be authorized and out- Akron Company will supply the California Company j j standing as follows: w'th goods at wholesale. The net profit to be de- ' ' n f i c i rived from the distribution of these goods by the Si PreJerrea Stock, Authorized Now t. Be California Company, based on last year's sales, is I 7 Cumulative. 1U.UUU.UUU $o,UUU,UUU estimated to be over three times the dividend re- Fj P Common Stock .. . $10,000,000 $3,000,000 quirements on this issue of preferred stock. When ' The J4. 000, 000 of preferred stock .remaining caa the California plant is completed there will be added t I nly be lssued under special restrictions. tQ thfs thg manufacturing profit which now goes to " Purpose of Issue of . Preferred Stock the Akron Company. I j The proceeds of the $6,000,000 preferred stock, to- Future Prospect I " gether with $3,000,000 cash to be paid by the Akron The California plant is being built because of the Company as part consideration for the $3,000,000 par Inability of the Akron Company to keep pace with ' f . j value of common stock now to be issued, will be the constantly increasing demand in the territory f j ' used to build a plant at Los Angeles for the manu- hereafter to be served by the California Company. 1 I , facture of tires and other rubber products hereto- PfJCUL-Cf j : fore manufactured by the Akron Company, and for referred OtOCK DaregUardS R 1 working capital. By the Articles of Incorporation the nature and p extent of the preference granted the preferred stock !j Description of Plant la established as follows: i . . . . , . n The stock is non-assessable. Dividends at the rat r j The parent interests of the corporation have pur- of 7 per annum ar9 cumulative from the date of & i chased approximately 600 acres of land in the City issue. jj ;, i 'i nf T no lnlB r nn si it i n s- nf the Airnt Park and ln th event of dissolution of the corporation and U i of Los Angeles, consisting ot tne Ascot rarK ana the distribution of its assets, the preferred stock 3 adjoining territory. Ample area for factory pur- must be retired in full with cumulative dividends be- t j poses will be conveyed to the Company and the re- thcommon corporation I a mainder devoted to uses allied to its business. may redeem the preferred stock in whole, but not in 1 The tire factory will have a capacity of 3000 tires Sf&'S.tf.raS E ' day and will employ approximately 2500 operatives. at 110 and accrued dividends. g K ! Until all of the prferred stock shall have been re- " i 1 m deemed, said corporation shall not have the power, 1 S I Patents without the affirmative vote or written consent of the L! i holders of record of at least three-fourths ln amount U 9 The Goodyear Tire & Rubber Company of Califor- of the then outstanding preferred stock. (1) to create 5 S . ..... .. . any lien upon said corporation s real or personal M 3 wa will, in its manufacturing business, enjoy the property, including stock and securities, or any part v . use of the identical patents, formulas and trade- thereof, for the purpose of securing an issue of bonds P j uoo wi. mo t- , or dobentures, or like obligations; (2) to create any S I mark3 used by the Akron Company ana under the mortgage upon said corporation's real property, or li R same terms and conditions as the Akron Company. 5nv part thereof, or (3) to create any unsecured in- ;. I n oui tonus. r debtedness maturing later than one year from the i . : S - date of issue except that this third clause shall not . E j I BuS'nCSS apply to or be deemed to Include obligations given P $ 9 for bank credits or other forms of commercial bor- C. 1 ! That the value of the business turned over to the rowJlnE- . ... . , A . . . 6 B - , t it . i The rtet assets, that is the total assets, less all in- f California Company by the Akron Company JS very debtedness. shall not at any time be less than one 6 j Kreat. is demonstrated by the sales in that territory and one-half times the amount of the par value of l ft ... r,. i the outstanding preferred stock. ? 8 for the past nine years. These sales were for the Tne J4,000,000 par value of the preferred stock au- . 'I ? years ending October 31st, as follows: thorlzed. but not yet issued, may be Issued at tho 63 S5 ic inn pleasure of the Board of Directors of the corpora- , 5 1910 $ 106,700.00 tlon, provided that at no time shall the Common Stock j 5 D toil S7? R7Q of th corporation outstanding, and for which the 8 I VI I J ,o -7.tt corporation has received not less than par In cash, be V I I 1Q1? 1 324 605 41 Ieas ,nan one share for each two shares of the Pre- t i9i3 252000793 ,erred issued and :h; to be M I 1914 2,837,655.30 Management , S 3 iqk 3S17 1464A While tbe California corporation will operate under S ' IVIJ J.JII.IIO.IO Its own Board of Directors, the management of Its u i 1 0 1 A 6 449 121 84 business and general policy will be identical with that f: ;4 I7iu,. - - 1 1 of the Akron Company. k i 1917 12,467,862.70 The Board as at present constituted Includes Messrs. 2 1 lr,Q I 3 9IT; AVQ 71 Harry Chandler, President Times Publishing Co.; J. C. S 5! IVIo I J.ZUj.O I V. I Drake, President. Los Angeles Trust and Savings Bank: t S H. W. O'Melveny, Attorney; Lee Phillips, Vlce-Presi- ( Owing to war restrictions, limiting production, the den' Pacific Mutual Life Insurance Co.; J. P. Sartorl, f S increase of 1918 over 1917 was much less than if prAppH?atlSoeCUwir bVd.-tl, ?K' th! preferred stock E 9 conditions had been normal. The above figures do of the Goodyear Tire & Rubber Company of Califor- i a . , , . , nla on the San Francisco Stock and Bond Exchange a B not include any export business. and the Los Angeles Stock Exchange -cBango j! Send for circular giving further details, including comparative balance sheet and earnings statement f I . . : j : j Price $100 per Share - I Cyrus Peirce &. Company, Palmer Bond & Mortgage Co., 1 j S San Francisco, Los Angeles. Walker Bank Building, Salt Lake City, Utah. 1 K . Ststements herein are official or are based on Information wlilch we regard tl ' ' H as reliable, and while we do not guarantee them, we believe them te be correct. I 1 L : : : , : : I i ' iwinfrM-ifMV mjmrnmmiMmavnm-- "i tttti ri n 1 r-wnmn ti.-.wi-t i....--. fMwanfMwKH-- wirHrwwanwwn-.MBJWiOTin rm-f 1 lllll Ml II mill ill IMII Willi! mim HIMIIIWMIIWIIIWIIIIIW1M1II nn piiiiiwi iii 11 1 HH 1 Goodyear Tire & Rubber Company of California, Los Angeles, Calif. . Gentlemen: Having filed an application with the SECURITIES COMMISSION for a license to se II the securities of the preferred stock of your company, and ft appearing' to the commiRsion after a preliminary examination of your application that the securities to be offered are not of a grossly unfair or fraudulent nature, you are hereby authorized to proceed with the sale of such securities pending- final action on your application, , subject to the following conditions, which must be adhered to strictly: , It must be distinctly understood that this permission is temporary and may be revok ed at any time; that it docs not imply approval by the commission of tho securities to h sold. Persons to whom the securities are sold under this permit must be made clearly ac quainted with the fact that the permit is temporary, that the security is being investigated by the commission and that no approval of the security has bcn g:vt-n or implied. Your attention is directed to the law which makes it a felony to misrepresent the value of any security by oral, written or printed statements, directlv or indirpctly Permission to advertise your securities is given only on condition thai any advertis ement must contain an exact copy of this letter in type of a size not lesa than that generally used !n the news columns of newspapers. This temporary permit is revocable at any time without previous notice. Yours truly, (Signed) GORDON SNOW, Secretary, ; J. R. Sebree. H. W. Lane. SEBREE a LflSE' Mining and Industrial Stocks and Bonds. Liberty Bonds Bought. Wasatch 4010. 335 Main St., Salt Lake City. |