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[NUMBER] [SHARES]
INCORPORATED UNDER THE LAWS COMMON STOCK
OF THE STATE OF NEVADA
[PHOTO]
CUSIP
PAR VALUE $.01
THIS CERTIFICATE IS TRANSFERABLE SEE REVERSE FOR CERTAIN DEFINITIONS
IN NEW YORK, NEW YORK
AMERICAN REALTY INVESTORS, INC.
THIS CERTIFIES THAT
IS THE OWNER OF
FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK OF
CERTIFICATE OF STOCK
American Realty Investors, Inc. transferable on the books of the Corporation by the holder hereof in person or by duly authorized
attorney upon surrender of this Certificate properly endorsed. This Certificate is not valid until countersigned by the Transfer
Agent and registered by the Registrar.
Witness the facsimile seal of the Corporation and the facsimile signatures of its duly authorized officers.
Dated:
/s/ KARL L. [ILLEGIBLE] COUNTERSIGNED AND REGISTERED
PRESIDENT AMERICAN STOCK TRANSFER & TRUST COMPANY
(NEW YORK) TRANSFER AGENT
AND REGISTRAR
/s/ [ILLEGIBLE]
SECRETARY BY
/s/ [ILLEGIBLE]
AUTHORIZED SIGNATURE
[SEAL]
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AMERICAN REALTY INVESTORS, INC.
The corporation will furnish to the holder hereof, upon request to the
corporation and its principal place of business, and without charge, a full
statement of the designations, preferences, limitations and relative rights,
and the variations in relative rights and preferences, between classes and
series of classes of stock which the corporation is authorized to issue,
together with the authority of the Board of Directors or shareholders to fix
and determine the relative rights and preferences of subsequent classes and
series.
The following abbreviations, when used in the inscription on the face
of this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:
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TEN COM -- as tenants in common UNIF GIFT MIN ACT -- _____________ Custodian ___________
TEN ENT -- as tenants by the entireties (Cust) (Minor)
JT TEN -- as joint tenants with right of under Uniform Gifts to Minors
survivorship and not as tenants Act __________________
in common (State)
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Additional abbreviations may also be used though not in the above list.
For value received, __________________ hereby sell, assign and transfer unto
NOTE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN
UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR
ENLARGEMENT, OR ANY CHANGE WHATEVER.
PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
[ ]
_______________________________________________________________________________
(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
_______________________________________________________________________________
_______________________________________________________________________________
________________________________________________________________________ shares
of the Common Stock represented by the within certificate, and do hereby
irrevocably constitute and appoint ___________________________________________,
Attorney to transfer the said stock on the books of the within-named
Corporation with full power of substitution in the premises.
Dated:_______________________
NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT X _________________________________
MUST CORRESPOND WITH THE NAME(S) AS WRITTEN (SIGNATURE)
UPON THE FACE OF THE CERTIFICATE IN
EVERY PARTICULAR, WITHOUT ALTERATION OR
ENLARGEMENT OR ANY CHANGE WHATEVER. X _________________________________
(SIGNATURE)
THE SIGNATURE(S) SHOULD BE GUARANTEED BY
AN ELIGIBLE GUARANTOR INSTITUTION
(BANKS, STOCKBROKERS, SAVINGS AND LOAN
ASSOCIATIONS AND CREDIT UNIONS WITH
MEMBERSHIP IN AN APPROVED SIGNATURE
GUARANTEE MEDALLION PROGRAM), PURSUANT
TO S.E.C. RULE 17Ad-16.
SIGNATURE(S) GUARANTEED BY:
________________________________________
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AMERICAN BANK NOTE COMPANY PRODUCTION COORDINATOR: BELINDA BECK: 215-630-2198
680 BLAIR MILL ROAD PROOF OF NOVEMBER 29, 1999
HORSHAM, PA 19044 AMERICAN REALITY INVESTORS, INC.
(215) 657-3480 H 64349 BACK
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SALES: M. GARRETT: 214-823-2700 OPERATOR: IR
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NEW LIVE JOBS HOME 11 AMERICAN H64349 NEW
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