Common use of Authorized and Outstanding Stock Clause in Contracts

Authorized and Outstanding Stock. The authorized capital stock of the Company consists of (i) 2,000,000 shares of preferred stock, par value $5.00 per share and (ii) 10,000,000 shares of common stock, par value $5.00 per share. As of the date hereof, (i) 1,994,218 shares of Company Stock are fully paid, validly issued, nonassessable and outstanding, and (iii) no shares of preferred stock are issued or outstanding.

Authorized and Outstanding Stock. The authorized capital stock of the Company consists of (i) 2,000,000 shares of preferred stock, par value $5.00 per share and (ii) 10,000,000 750,000 shares of common stock, par value $5.00 1.00 per share. As of the date hereof, (i) 1,994,218 333,725 shares of Company Stock are were fully paid, validly issued, nonassessable paid and outstanding, and (iii) . There are no shares of preferred stock are issued or outstandingunsatisfied preemptive rights with respect to the Company Stock.

Authorized and Outstanding Stock. The authorized capital stock of the Company consists of (i) 2,000,000 5,000,000 shares of common stock and 1,000,000 shares of preferred stock, par value $5.00 per share and (ii) 10,000,000 shares of common stock, par value $5.00 1.00 per share. As of the date hereof, (i) 1,994,218 1,301,101 shares of Company Stock common stock are fully paid, validly issued, nonassessable and outstanding, and (iii) no 288,202 shares of common stock are held as treasury stock. No shares of preferred stock are issued or outstanding.

Authorized and Outstanding Stock. The authorized capital stock of the Company consists of (i) 2,000,000 10,000,000 shares of preferred stockCommon Stock, par value $5.00 0.01 per share share, and (ii) 10,000,000 1,000,000 shares of common stockPreferred Stock, par value $5.00 0.01 per share. As of the date hereof, (i) 1,994,218 2,439,350 shares of Company Common Stock are fully paid, validly issued, nonassessable issued and outstanding. As of the date hereof, and (iii) no shares of preferred stock Preferred Stock are issued or and outstanding. There are no preemptive rights with respect to the Common Stock.