New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-01-29


Yt and Eie RAILROAD Company become parties to this con
te propose 70 eAny out without foreclosure BY OBJ
pss epSs 70 hut should .Seh be
ssa Trustees jointly with the present Board Of Directors
Whether 70 proceed by orecole or not IF no foreclosure i
:S s 70 ss o1 81 G s sS y qS
Company si,eI iessa;tTs sanction obtained foreclosure
Holders Of the bonds issued ander mortgage which shall
be foecoed to the full amount Of the bonds held by them
they to receive new mortgage bonds of like amount and lien
H. Al The subscribers hereto holders Of mortgage bords
cured by the mortgages which be foreosed Of unsecured
10 complete purchase payable such day the Trustees
ss hx before the day named fr payment by the Of
entitled q an interest 10 the new Organization.
The the .sd s 70 Dc chsrse upon the
bends the preferred stock or TO be funded az the Board Of
Xs1 In case Of ale under decree Orecosure quit this
shall be spread upon the record by answer Of tbe Com
posted into the decree as the Court permit under d.
scohs Of the Court to have the sale made subject thereto aud
Tenth An assessment Of eighth Of one per cent shell be
paid ssd ues, by each bordboSf hsse bonds are TO De
Converted exchanged and by each subscribing sharehsde
when the exchanges are made trust 10 that respect exc
eefasesad assessment to constitute fund for the expenses
and 10 be administered onder the direction
and incur sueh osT a. thew may tn necessary Sc
esDs areogszst'n Ofhe Company on the basis OF this CO..
Eenh II is further agreed that such second mortgage bond
holders shall elect exchange their second mortgage bonds
lsh Third mo'isre bonds receive bonus Of 10 the
par value Of their bonds in preferred stock Of the class
ths. bsued fpT unseclred bonds
feeJh The tune within which bondhode and stockholders
become parties 10 this agreement is limited 70 Jan 1880
eo me tsd Trustees may when circumstances t. permit
ssnsswes 70 be made IN New York after Jan l. 1860
.sesihi The Board Of Directors named IN this contract
De sber he Board Of Directors Of the NewYork and Ere
fsiroad Company cat Of forerore tbe Road OF d.
Feeiors Of the new Company -
feytsshh The SewYo-k and EYie Railroad Company by
Nspa Marsh is President sud Horsiio NJ OTIS its Secretary
bboer Auhoiy from the Board Dtors have signed this
agreement ~ token nf its assent thereto > - % 49,
Dated At New York the 22d day Of October D. 1850
enfcng % The bosId o. Directors OF Le kewYork and
fIs hsosd Company bsld November l. 1883 Samuel Mar.h
ftsni IA The chair the following resolutions were uaani
nDossy sdOpsed; WV N
sonpny no floating debit any Irpose h.
ono we Requirements for tie three purchase 81 Iaa
tilsls ard supples for the road $3.50 - N@
rbAt erpedsnt IN the future charter Of the Connanx
dtose be Inserted prohibiting creation of aos,I1,
beyond hs smo1nt expressed the foregoing resour,
sheonsc At public meeting Of the Preferred nd Other
"ssta etng sissn In the pubic papers '-"N~A
mn return be- made pub shsd Of zach thysa ro,,h
~ sna eay<bdiiufe Of h Cauuas,x ~
20 re tj.S1t1onf Fourth Xortssxe Rena. nav. rl...a -
'ssar'y i'r Ne saysss * S2oe3 I'd iass.ss sSsl