Evening star. [volume] (Washington, D.C.) 1854-1972, 1875-07-21
Synopsis of Amended Decree oG sale
Of the Northern Pacific Railroad.


issue Of the bonds, has ordered a sale OF am
The properly Of the Northern Pacific railroad
company, August ?, ISIS, aud directed that
me proceeds Of the sale Of the property shall
FTa.-To the payment OF the court costs
ana The legal expenses necessary "a the adj
and expenses 70 be subject 20 the approval OF
the court.
SoeOsd-To the payment OF balances due To
employees Tor twelve T1onths previous TO the
entering OF the order-such amount not %
exceed Sl5,0co.
T.ird-To the payment OF right OF way ana
land Claims not 10 exceed $4,000.
fU11Th-To the payment OF moneys adj
vanced for interest ou bonds. or FOR labor
and materials-not % exceed si0O.0p0
fyth.-To the pa yment pro nd'd of the bonds
and interest outstanding, as shall appear on
the bond hooks OF the company and the
trustees, without individual proof by bond
holders.
The purchasers must pay IN on the dav Of
sale SloO,0o0 Ia cash, and the balance within
sixty days In cash or i'm bonds al their pro-
Tomato value.
The lands and land grants mast be SOLD
under the acts OF Congress In sections in the
various states and territories The order OF
court provides that tive per cent. I'm cash
shall be paid In on the day of sale. and the
balance within sixty days, either in cash or
bonds at their proportionate value.
The decree, a. now amended, was entered
on the application 81 tie counsel for the trus-
| ICES, and upon fun hearing OF an TIE par-
| Ties To the suit, who appeared before the
court by their counsel, and OF all those bond
holders who appeared - DE heard or desired
| 10 bc made parties 10 the suit All tbo mar
ties 10 the b.ll, aud all tue bOudholdarS who
appeared 10 De heard, Withdrew all objec-
tons To The original decree. aud aSsented to
q as amended.
NOTICE
In answer 20 numerous inquiries from
oondholderS 10 may be said
l. The sale of the lands under the decree OF
court VIII necessarily pU' an end - the con-
version INTO lalds 81 the present outstanding
'onds OF the Northern Pacific Railroad Com
? Under the adopted plan OF reorganiza-
lion. preferred stock viii be issued 10 ea,.f,
asserting bondhOlier at tine rate OF II 4aa OF
pfeieffed STOCK Tor each - 0lD of 1-Gl bonds
tearing accrued Interest from July. l-.s
;. The preferred stock viii toe receivable az
FAR IN exchange !or any OF the CDinpauV's
anus anu east OF The Missouri river tSome
1 Bondholders, by aSsenting u the plan Of
| purchase and reorganization, Incur no q <
| pense whatever. aud no liability % assess
ihents or The pay fneat Of money for any pur-
pose.
s. Under the decree OF Court. a. n,ilaSi.
pondholderS are tO' noEurr 10 fars, Yrg5sg of
| their claims against the company. TaIs
| VIII be done from the BOOKS of the company
ana OF The Trustees OF the mortgage. Al
thal j. required OF bDuthpl ferS. il - sign The
power OF attorney att9cht.i 20 the plan. sefld
| AZ 10 Tie purchasing committee. and when
/ LObned. serd their bonds u the proper Trust
company IN New York, and receive ia eN-
Char ge the preferred stock.
g. The Livingston Plan (the only Olepro-
lCSed Protects the Interest o. al cOlihBl lers
by purchase OF the rOai and proPert = and a
reorganization OF the Company with the
present bonchOlderS a. owners This Plan.
az now presented, was approved amin Dusl y
by the e neral meeting 81 bDudholdcrs, held
IN New York, June 80. ls.J.
I. Zach bOndholtgr can decide whether IL
Is for his D. tereSt 70 ia 1e preferred StD ua-
der the plan adopted, and thas re- ala his
pre- sent lropOrtionate Interest in the roal
and lands 0lsd heir fsS'sUc Development, or ac-
cept, in final settlement of his claim, his
share o. the proceeds Of the sale OF the qrop-
eTty. PURCHASING CoNNTrTFF.
- Fifth A venue. New York
Holders OF bonds in Washington and Vi
cnity can obtain copies Of I,iaB by calling az
the Banking House Of III. ID. Cooke Jr. a Co..
! 1929 street, Washington.