The Electric Auto-Lite Company
| Company Deal | 298,971 common shares (par value $5 per share) |
|---|---|
| Transaction Type | Common Shares |
| Deal Description | The Electric Auto-Lite Company used a portion of the proceeds from this transaction to the payment of the remaining balance of its V-Loan with Central Hanover Bank and Trust Company, Chemical Bank & Trust Company, and Commercial National Bank and Trust Company of New York. Another portion of the proceeds went toward the payment of the company's outstanding bank loans with Central Hanover Bank and Trust Company. The balance of the proceeds was added to the company's cash. |