The New York herald., 1871-08-01
FINANCIAL.
FINANCIAL.
EIRsT MORTGAGE SINKING FUND
LAND GRANT BONDS
ST. JOSEPH AND DENVER CITY


or THE
ST. JOSEPH AND DENVER CITY
RAILROAD COMPANY,
WESTERN DIVISION.
The st. Joseph Denver CITY Railroad Company having
successfully built equipped the Eastern Division of its
road extending from the city St. Joseph No. to city
OF Marysvils Kansas distance of lis mies-s now ac
lively engaged tho of the Western Division of
this line OF railway, extending from Marysie Kansas to
junction with the Union Pacific Railroad at For, Kearney
stations distance including tracks OF l7o miles,
For the purpose OF building and equppiug this road the
Company have delivered to the Fsrmer. Loan
and Trust Company, in trust, S5cuooo of First Mortgage
Sinking Fund Land Grant Railroad Bonds In denominations
OF soo 5000 $780, to be and Issued only
in conformity with the Mortgage Deed which ia
Firss-For cash.
second-A limited amount for iron and material The
cash placed to the credit the Company in trust. and can
be drawn out only payment fully completed Road in
sections of ten 1o) miles each tho OF SlsoOo or
1000 me respectively entire completion of
road when the the loan will be paid over 10
the Treasurer of the Company for equpmen, purposes
The iron dhe equal Of gold and materials Il. brought
under the subsection of the mortgage, secure the
payment Of the Bonds.
To secure the payment of the interest aud principal OF
these Bonds the Company made first and only Mort.
sage their Western Division Road completed and to bs
completed, from MaysvIe to Kearney station at juno.
ton with the Union Pacific Road. distance of 100 miles
with 10 miles side tracks, making total distance Of 10
miles, including Rolling Stock, Motive Power Depot. Ma
chine shops Teegraphs Equipments Of every description
Rights of Way Franchises Cash Deposit any Bank or
Trust Company and lands lying 20 miles either side of
the railroad granted to the Company by the United States
government. amounting to IoOo acres and real and per.
sonal property Of description which the Company now
own. may hereafter possess lying between Marysvls
and Kearne, and equipments appertanns to this Division
of the Company's Road.
This entire property is mort.aged to the Farmers Loan
and Trust Company of the city of New York. trustees
The mortgage dated May II, 1870 under IT, and az
their secury, these Bonds issued.
The Bonds are now ready for sale and delivery through
undersaned holders and parties desiring to purchase will
recognize that they do with perfect safety their
valus always represented by equal in value
and completed equipped road-Iron or Cash in Tru.,
Company. The mortgage expressly cash on depo.
in Bank or Trust Company.
The undersigned authorized to the decision
.
Under the mortgage deed given secure these Bonds no
land can be sold a, lc,a price than "a Per acre.
lands tsns mort gagged payment of these
Bonds ts ncn any portion the land can only be rc
moved by paying the Trustees mortgages the full
amount of the purchase money of any LAND sales.
The fund is applied as follows:--
Frs-ro payment of the interest on the Bonds during
Tire construction OF the road. and necessary for the space
of four az years.
secondTo the payment Of the principal of the Bonds
The payment of the principal before maturity is not com
rsoy to the holder the Bonds but should holders desire
to SELL the Trustees authorized purchase u. no, over
a pre- mIum of rftcen per cent.
Every Bond puchascd Under this authority (. Immediately
cancelled,
the Bonds canno. be bought at hundred and fifteen
The Trustees are the proceeds o, land
sales the Bonds OF the United States States of New York.
Massachusetts, and Illinois. hold the a sinking
fund for the redemption of these Bonds at maturity.
The following banking corporations OF the city Of New
York arc dc,igna,ed Dcpositorics OF this Loan.
Farmers Loan and Trust Company
United States Trust Company
Union Trust Company.
Manhattan Company.
The Bonds thirty years from May "a, ls7o pay
able IN gold, in the city of New York.
They bear interest at the of eight ~ Per
mum, payable in gold, free of tax semiannualy, the
or ct the option of the holder with
out notice currency of the country which the
coupon is presented.
The equivalents of currency is at uniform rate Of
change. and is expressed in the coupon.
They Coupon Bends may be registered 10 own
crs name, with the coupons on, they be converted
essicrei Bond by the surrender OF the coupons and
he interest paid registered any the three
points where the coupons are payable.
This consolidated mortgage a! the rae Of si5eoo per
mile of read ard Sc per acre of land.
The Bonds offered for tho present att !. and
interest currency, with the right advance the
price without notice.
All kinds of marketable securities will be received at the
current market value, without commission in psymest OF
Ihis loan.
E1prcssa.e rcatin. 10 the loan viii be free
Maps, pamphlets and documents furnished on srpca.