OCR Text |
Show OGDEN PACKING & PROVISION CO. INCREASES CAPITAL AT MEETING OF STOCKHOLDERS HELD TODAY . Capitalization of the Ogdon Packing & Provision company was jicreased today from $2,000,000 to $3,125,000 by adoption of an amendment to the articles ar-ticles of incorporation at a meeting of stockholders held in tho company's office of-fice on West Twenty-fourth streeL The meeting opened at 11 o'clock and continued until an early hour .-.j afternoon. aft-ernoon. According to James H. DeVinc, company com-pany counsel, the company will go ahead with its business and plans on building up its volume to a point greater than heretofore attained. By this increase, it is proposed to crcato 1,000,000 worth of "A" pre-fcrrcd pre-fcrrcd stock and $425,000 worth of "B" preferred stock, the former stock being be-ing exchangeable for common stock at pur. The company recently fell Into financial fi-nancial difficulties and a creditors' committee has been In charge after agreement had beon reached on financial finan-cial obligations. As expressed today, complete adjustment has been made and the company placed on a firm footing. |