Evening star. [volume] (Washington, D.C.) 1854-1972, 1875-07-22

The court having found tho legality OF the
issue OF the bonds, has ordered a sale OF All
company, August 2. ISIS. and ei,rssc,.si 80.
=, ,ne pr0cetds oil the sale Of the prO 'erty shall
PlTS--To the psymcrt az the cour, cos,s
and the legal Sxpcuss,s necessary 10 Tire a.
ministration of the trust estate. such cosrs
ana expenses ID be subject "a the approval u
Soeo',d-To the payment az balances due A,
employees for twClVe months prev iOas - TIE
entering OF The orieT-such amount not %
7sirf-To IN psyrn srt % right of-wav ana
lalH Claims not TO eN>eet $1,000.
FcUrJh-TO the payment az mOrsvS Al
os van Tor Interest on bonds, or Tor labor
anu matSrlals--Doi II eNceet Slaaabl.
FUth.-Io the ia N-nent gsf1rEra OF the h.-,fs
anu interest outstanding as snail s,,r,..ar a.,
TIE bond books OF the company ant LIE
trustees, without individual proof by bond
holders.
The purchasers must Ray in on The dav az
sale Sico,O,0 In cash, ana the halsuce within
SIXTY days I'm cash or In bonds az their pro
Tomato value.
The lands and lard grants must be SOLD
under TIE acts OF Coz gress IN sections IN tie
various states and tsgrit tories. Tae order OF
court provides that Eve per ceat in cash
shall Toe paid In on the day OF sale and tls
t na.allCe Nilnl2 sky days, either In cash or
bonds al their proportionate value
The decree, as now amended WAS eutcrai
on tle application OF the counsel forthe trus-
ices, ane upon full hearing OF al the par
Ties 10 Tie SUIT, wlo sppear-l before ths,
court by their counsel. and of al those bond
holders who anpearcJ - he heard or de- r,si
10 be made parties 60 tIc suit AL the par-
Ties 10 the bill, and al the bondholders who
appeared 70 Je heard. Withdrew all obipc-
lions 10 The original decree. au1 aSsentei 10
II as ainCndeC.
NOTICE
In answer % numerous injuries fr1-5,
bOndhoiders nc may be said.
i. The sale of the lands under the decree OF
court viii necessarily put an end y tire con-
version into lSlds OF the present outstanding
pany.
lion, prele:rsi stock viii be issued To- each
asserting bondhoider AT the rate OF II 4al al
preferred stock fOr each II 600 of 80 bonds
bearing accrued Interest from July. tSl3
,. The preferred stock viii be rt.cei vahla AZ
par IN exchange bT any OF the companv's
lands cast of the Missouri river tsome
1,to0.0O acres.
i. Bondholders, by asserting TO the plaa Of
purchase and reorganization. incur no ex-
pense whatever, aud no liability 10 assess
ments or The payment OF money Tor any pur-
3. Under the decree OF Court, a motii,d,
bondholderS are nos -e3tiresf 20 ntu.e H~58f OF
their claims against the company. Tails
Will lie done from the books OF the company
and OF the trustees OF the mortgage. An
that Is required OF b0ndhollerS Is To $ IN the
power OF attorney attached ID the plan. send
IL 10 the purchasing committee. and when
hoiihed, send their bonds % the proper Trust
Company In New York, and receive in eN-
chaige The preferred stock.
o. The Livingston Plan" (the only one pro-
posed protects The interest OF a n hOndholters
10y purchase OF the road and property, and
reorganization OF the company with the
present bondhOlders as owners This Plan
as now presented, was approved unanimously
by The general meeting of bondholderS. held
in New York. June 30, lsT5.
4. Each bondholder can decide whether IL
| Is Tor his interest TO take preferred stock ur-
der the plan adopted, and thus retain his
Iresont Troportionate interest I'm the roai
and lands and their future Development. or ac-
| cept, In final settlement OF hfs claim his
share OF the proceeds of the sale OF the prom
| eTty. PURCHASING COMMITTEE
. Fifth a Venue, New lorK.
Holders OF bonds In Washington and Vi
entity can obtain copies OF JRaa by calling at
The Banking House of III. ID. Cooke, Jr. & Co,
1929 r street, Washington.