SALE OF .94 UNITS COMMON STOCK AND 5 SHARES OF COMMON STOCK OF THE GRANITE CITY PIG IRON COMPANY OWNED
BY THE STATE OF DELAWARE
AN ACT TO PROVIDE FOR THE SALE OF .94 UNITS COMMON STOCK AND FIVE (5) SHARES OF THE COMMON STOCK OF THE GRANITE CITY PIG IRON COMPANY, OWNED BY THE STATE OF DELAWARE.
WHEREAS, the State of Delaware owns .94 units common stock being Serial ItS-126, and Five (5) Shares of the Common Stock, being Serial #3122 of the Granite City Pig Iron Company an Illinois Corporation, which stock was received by the State Tax Department in accordance with orders of the United States District Court for the District of Illinois, case *058, in settlement of its claim for franchise taxes due from the predecessor corporation of said Granite City Pig Iron Company, namely, St. Louis Gas & Coke Corporation a Delaware corporation.
WHEREAS, it seems advisable to liquidate and reduce to cash for deposit in the General Fund of the State of Delaware, said units of common stock and said shares of common stock:-
Now, therefore, be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:-
Section I. That the Governor and State Treasurer be and they are hereby authorized and directed to sell the said .94 units of common stock, and Five (5) shares of the common stock of the Granite City Pig Iron Company at the best price obtainable ; and the Governor and State Treasurer are hereby authorized to assign and transfer the said shares to any purchaser or purchasers thereof and to execute in the name of the State all appropriate instruments in writing to effectuate such transfer.
Section 2. That the Governor and State Treasurer be and they are hereby authorized and directed to pay the net proceeds of the sale of such stock into the General Fund of the State.
Approved February 19, 1943.