◆ SpookStack

PO ee 7 4 * ay hey oO e ww or ae 4 - ree eee iF OTs ha Peter eras i 1 t = Tete Lake T+ at tne as: re a an age oT at &. tng DS ere a rw date 9 Te on prs ae: eekcre wee Fa Dl Rg ae oF 7 = me . Re Te i ao . oS PURCHASE OF PACIFIC TANKERS, IKC. . Le : eer rs te CARRIERS, INC. a Oe nae ree dss a _ Item 6 states that in galy, 1950 ‘Victory’ purchased ; pathos v ae the stock of Pacifie Tankers for the amount of $1,877,000,00. - age This item further states that the down payment was wtf 000.00 . fs and it was requested that it be determined whether the $800,000.00 Sp , was ever paid, was it a cash transaction and what was the source Si, 75 of the funds, It was also requested that it be determined whether . ae the balance due on the stock has been paid, - ‘s 2) The USPC minutes reflect that at a meting of the Board of Directors held June 21, 195] ROBERT L. BERENSON stated that :*: negotiations were under way for the sale by USPC to Vistery of ell of the stock of Pacific Tankers for an amount of not less than $1,800,000.00. No further reference was made to this trens- ee action in the minutes, _ a a oe Ree ; aon ws a The minute book contained a copy of a ‘pales agreement | dated July 19, 1950 between USPC and Victory wherein USPC solé pe gai tel NT eee a Be ae vee he act ‘ ate: aii the outstanding stock of Pacific Tankers to Victory for . ae $1,877.955.58. An examination of the Victory records reflected — rye) that the purchase price of $1,877,955.56 has been paid by Victory to USPC, enennennets _ . ree _— * ate os “There is set forth below a schedule showing the dates yy ‘ + al te. and the amounts of the payments by Victory to USPC; a July 21 “p1, 1950 $800,000.00 = . .__. ap woes so May 1, 1951 377,955. SB. re ters 73% June 4, 1951 - 50,000.00 _—_.. ge > ieee October 9g at 722 300, 000,00 t ne , December 28, 1951 - 75,000.00. ¥ i : January 2h, 1952 75,000.00 22s ea > 2 Februsry 1, 1952 100,000.00 ii sperneee hee February 7, 1952 100,000,00 -.-. yen nt een . - an tel tare. fotel $1,877,955.58 _. “speda Appeby A yrh: noe Plage oo res lf ul ak tay a AT Lae oe Ni . "=; ey a «+ a fa, 4 + * fe ck f ¢ wee ae ie Le sd i e . x ‘ if hing HERE res eae |