American Lancaster gazette. [volume] (Lancaster, Ohio) 1855-1860, 1858-10-28
mo THE sroCKunLnERs nE THE

TVNO THE STOCKHOLDERS OF THE
VILE RAIL ROAD COMPANY-NoTICE.--At Il
meeting of the Directors of the Cincinnati Whining
ton and zanesyille Railroad Company, on Tuesday.
the 5th day of October, 1885, the following resolution
was adoptcd:
WhSreas, proposition for an arrangement for the
giving time 10 the Company for extension of the
road to Glendale, has been submitted TO this
Board on behalf ofthe first and second mortgages;
And Whersds, In the opinion OF this Board, the pro-
posed arrangement requires the consideration of the
Stockholders.
RssOlusd, that special notice be published for
meetin Of the Stockholders at Circlevlle Ohio,
Wednesday the ION day of November, at which the
said proposition shall be submitted TO the SOckhold
4 ors Tor their approval or rejection.
! Tho substance OF the arrangement referred to in
said resolution, Is as follows:
That decree of foreclosure and sale, without ap
praismont, DO rendered In favor Of tho second mort
gage bondholders, at tho October term, 1853 of the
United States Circuit Court for the Southern District
ofohio, In tho suit now pending therein, In favor Of
George s. Coe, Trustee, &C., against said Railroad
d Company and others.
That this decree be held in abeyanee until the fail
ure of the company In the performance of any of the
conditions hereinafter stated.
cd. Upon the entry Of this decree the road and all
its property and equipment shall pass into tie hands
ofan executive cOnnttee df three persons-rheodore
Moran, Of New York, Chauncy Brook OF Baltimore
and William Key Bond of OhiO-who are 10 have
the entire control and management of the road and
its earnings and keep up the repairs as Its revenues
permit--each of said committee to have ah annual
compensation of Ave hundred dollars.
1 ). The Company shall, within six months fro m the
list Of November 1885, raise,by subscription other
wise, means suclent with the aid ofa first mortgage
on the extension exceeding two hundred tho
dollars, TO extend tho road from Morrow to point at
or near Glendale the Cincinnati. Hamilton and
Dayton Railroad, and there connect with said last
mentioned roqd;-and shall, on the LIST of May, 1859,
construct sand extension, so as TO complete the same
In running order by the LIST of May. 1860,
| 4. The payment of tho principal of the first mort
guge bonds shall be extended fifteen years beyond
matu rity, aud the coupons due thereon up to May,
1860, Inclusive, shall DO funded and made payable
fifteen years from May, 1860, with interest at seven
per cent. payable half yearly
5. Same provision us to principal and coup0nt OF
section mortgage bonds,
6, II the Company shall perform the things so pro.
vidod to be done by II, within the times limited, and
sa, out Of the net earnings pay the coupons the
first and second mortgage bonds due November, 1860
and In like manner upon the funded interest II be-
comes due then the road and all Its property shall be
restored to the Company, and the decree become
void.
7. Certain advances ofparties in New York, Balti.
more and elsewhere, made to pay (not TO purehase
interest coupons on hrst and second mortgage bonds
In November, 1885, and May, 1855, not exceeding
enty-ave thousand dollars in all, together with the
Interest on such advances, shall be placed in same
position as past due coupons, above mentioned, upon
due proof of such advances.
II This Stockholders In said Cincinnat Wilmington
and GAINESVILLE Railroad Company are, therefore.
TO meet at the Court House In Circeville, Obi
on Wednesday, the 10th ovember, 1858, at O'CLOCK
p. NJ, to consider and approve, reject, said propo
siton. By order OF the board.
CHARLES B0RLAND, President.
0etoberei, ie5s--3w24