New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-04-27

Total.
The holders Of the foregoing are " reosivs csp'
frat referred Otock for she principal and aceroed INFER
eat and with the holders OF the second mortgages, rs
ststed below may take the control Of she road.
second mortgage 10 y cent BOnds. .......s 6oaoOo
The HOLDERS OF the - receive second pro-
forred y cent stock for principal and interest ana
with the fret preferred stockhodsrs will manage the
road elect directors, &c,
Second Mortgage on the southern VIA Line to the City
rSirS on the whole line and ass;
Totl.............."...... Os',IsO
The above, with accrued interest, TO be convsrSsd
into Third Preferred v cent stock. foorth class
of stock called Common stok be issued Ia discharge
of all the stock outstanding, and inolddns Farm
Mortgages unsecured Indebtedness against tns road
Under this organization, as authorized by late law
of the State of Wisconsin the income OF she road to
be appropriated as follows
FiTst: Pay running expenses.
1a1d; P.y p cent on first p!s;,etred stock -.
Fun. Psy p cent third preferred stock
fiIed stock to three millions OF an I've value mas par
ssssnrA Whenever ths.e conditions reached the surplus
shall be of the stock until the
whole capital sOcs both preferred and hsd DO reduced
Ess hen the capital stock shall been reduced TO six
millions Of doar. road shall earned viiend
be declared on all stock Of .inkins the aha
The advantage Of this plan is that il preserves the
order Of liens and substantially preserves tns equities
of all the parties in interest and frees the Road from
every embarrassment. If it be carried out-and 10
the present condition Of the Company appears 70 90
TIE interest of ali parties that il should bs-ths fd ga
pse,ty of the Rosd under tue management an DO
developed and oil the net income be devoted 70 NEST
ing the legitimate demands upon is, without parAliy
The act under which the new organic i1on 10 TO be
| made is as follows:
ACT to facits,s and authenticate the formation OF
porssD By the purchase Of the Milwaukee aud ''pP Hall
THe Pseps Of the State Of Wi,eoHs reprsssd in Senate oad
sscTIoN In case toe the Mwautse aud MI''
PP RIOsd any par sSJ I PC 1 s S
either BY proceedings In law equity or
sSes Gopsss or ass Of trust contained purchaser
cS's such ese hi, Of theft sSoois,e sS.ce.o of as
laws sy file in Ihs ooe OF secreay Of Ss
Ssop ss Snnbsr Of ana he nsns, Tor the r s
in SAID eehcse OF As elected oy tbs SAID par
which certificate shall be sned BY the said ucha'er or par
ssns ,nS upon the thing any cste perslns who
.hs be named therein sbsl be body po sSs orp r.'s
s be Pysss' po~sI. sa horise. an S.pscs' 49,
Silw suiee and MISSISSIPPI Rsrosa Any, Oy virtue Of tue
charter Of said Company ,od Of hls sse and shs
sad % Instrument. In writ
sSy sOs s s,ns ~ any saS p9Tooss IL mi
Win he fsstrictions and hmitsoos mentioned
stock basis Of the said Company snail COS ex
That said Corporation shall have power to i,sue
Of preferred atoct there " mortgage Hens ap1n
said road and as may ee :sr'sd upon .nNss "a Ss H.
ered beyond eight per oentu until the csP
tai stock Company ,hA have reduced " JUL
The preferred Bsockbol0ers OF tins nfst ana second
sses elect dirscto under thi, orsozson M
til dividend shall all the preferred shares
Of the several casse when all of the preferred ssookholdsr
shall elect directors until dividend h. nass oeen ,rasd
aud thereafter all the shareholders oil the COMPANY
| shall elect tho diIeciod ~,
sko s. The Directors Of the SsiS Corporation shall have
power 10 borrow money mortgage the said rail oad Ia
unless duy Authorized by vote OF
tyobrdb the preferred ockbolders In aaoaht bat saja
authority sa be grantee except at general or
pecs Of said preferred stocShdes Of shich thy
DAYS poCe ths given and Of the object Of sd ling
SEC An o. operstiDg said rffoai snau De pai1
monthly esrupg before Of its esrans sna % sp
psd Of ovidsnd Of is aud
when sufficient pay ropSs sni daIges HSn
any cause Directors may call special meeting OF toe SOCK
bolder who fbs pro7oe the means to meet .cn re-
pairs nd in they sboUd provds said means NJ
loans ,hs thereafter made 10 OF is stock
| holdeIt until said loAus are paid
All surplus earning aer the payment OF expense. and
and after Of dividends TO the esned sOc&
holders excee1ng cent In one ysf shaJ De In
ye.tsc pur, Of be preferred shares said Company
until they shall command par IN the City Of New toI OF an
the psiIred shall have bssn reduced In an1unt TO
O thereafter the plus earnings shall be invested
In purchase Of the stoeks until the wnoie csP
ock said Company both preferred and common snail have
been reduced &6S 900 and shsl dividend that
amount; sao 81 be cancelled last purchased
When the capital stock shau have been reduced to
any one year, equal p the do dividends ANAL be
the stock rad Company instead OF
and sinking shares aforesaid other Use detefns1
by vote Of tWol ird in amount OF al the stockholds
Total amount Of -four and grain in store at Chicago,
60 O impaired with the corresponding date Of 1859: