Custom Stock Certificate

Video Display Corp. Reports Operating Results (10-Q)

The increase in the Monitor division was lead by the Company’s Z-Axis subsidiary, which more than doubled its sales for the three-month period ending May 31, 2011, compared to the three months ending May 31, 2010, from $1.8 million to $3.9 million. The robust sales increase was a result of an increase in its power supply business and its custom manufacturing business. The Company’s Aydin subsidiary increased its sales by 57.5% for the three-month comparable period ending May 31, 2011, from $4.2 million to $6.5 million. The increase was primarily due to shipments on long-term military contracts. Display Systems was down 5.2% due to lost business on Marquee Projector sales and Lexel Imaging was down due primarily to reduced requirements for spare CRTs for their foreign military customers. Display Systems is replacing the Marque Projectors with new digital projectors and Lexel has received additional orders from their foreign military customers, so that business should increase in the coming quarters. The Data Display division increase was primarily in flight simulation. We expect this business to remain steady throughout the year. A significant portion of the entertainment division’s sales are to television retailers as replacements for products sold under manufacturer and extended warranties. The Company remains the primary supplier of product to meet manufacturers’ standard warranties. This division is being phased out as it has been negatively impacted by the increasing demand for flat screen televisions. The Company’s Chroma subsidiary is being closed in the next quarter.

On December 23, 2010, the Company and its subsidiaries executed a new Credit Agreement with RBC Bank and Community & Southern Bank (collectively, the “Banks”) to provide new financing to the Company to replace the existing credit agreement with RBC Bank that terminated in conjunction with this Agreement. The new Agreement provided for a line of credit of up to $17.5 million and two term loans of $3.5 million and $3.0 million. The outstanding balance of the line of credit at May 31, 2011 was $12.6 million and the balances of the term loans were $3.2 million and $2.9 million, respectively. A copy of the new Credit Agreement was filed in an 8-K document with the Securities and Exchange Commission on December 30, 2010. These loans are secured by all assets and personal property of the Company and a limited guarantee of the Chief Executive Officer of $3.0 million. The $3.0 million term loan is secured by real estate property of the Company and a building owned by the Company’s Chief Executive Officer through Southeastern Metro Savings, LLC. The building will continue to be in the collateral pool until such time as the note is sufficiently paid down or it is replaced by other collateral.

AFFIDAVIT OF LOST STOCK CERTIFICATE | Legal Forms

As per Corporate law, a Stock Certificate can be termed as legal document that specifies the ownership of certain numbers of stock shares in a corporation. It is the basic custom of all corporations to represent their shares of ownership through, Stock Certificates, which are also ownership shares of the owners. Stock Certificates are also known as Certificate of Stock or Share Certificate according to corporate law.

The share certificate is also material evidence of the possession of specific numbers of shares in a Corporation. These certificates also show shareholders money or property investments in the company.

It is also essential to remember that all Stock Certificates are serially numbered and printed with the name of share owner, capitalization, state, and signature titles. In lieu of these details, types, classes, limitations and special contents are also recorded on corporate share certificates.

There are various types of Certificate of Stocks. A simple or general Stock Certificate has corporate name and share details printed on them, whereas custom-printed share certificates contains corporate name, share information, per value of the stock value, state of organization, corporation logo and custom artwork. Different corporations use different designs, colors, borders, sizes and styles for their Share Certificates.

But, on occasions, shareholders may loose or misplace his/her stock certificate or they are destroyed due to fire, theft, flood and numerous other valid reasons. Such loss may result in loosing the copy and loss of investment of these stocks, if replacements are not made for the lost Share Certificates.

It is necessary for a shareholder to submit a written statement declaring physical loss of Certificate of Stocks. Such written statements are legally known as Affidavits, which contains details of the loss, name of the owner, serial no., date of issue and so on. The Affidavit is also an oath, outlining the actual loss of the security/stock certificate to the best of the shareholders knowledge. The shareholder may also issue a letter of Indemnity, requesting the replacement, once the statement is made.

Below given Affidavit of Loss Stock Certificate template will help you in drafting your Affidavit for the lost Share Certificates

  AFFIDAVIT OF LOST STOCK CERTIFICATE

I____________ of the____________ on this_____ day of___________ 200(x).

Commentaries on the law of contracts, being a consideration of the nature and general principles of the law of contracts and their application in various special relations

The Northwestern reporter

Draughon's progressive bookkeeping and business manual

Corporation accounts and voucher system, a working handbook of approved methods of corporation accounting, with special reference to records of stock issues, manufacturers' accounts, and the use of the voucher system

Lawyers' reports annotated