The Cheyenne daily leader. [volume] (Cheyenne, Wyo.) 1870-1884, 1875-05-03

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eifc railroad company and the Kan
a Pacific railroad company a. fol-
lows:
First-Thc said Kansas Pacific rail-
way company, Incorporated under
the laws Of Kansas, and the Colorado
Central, shall be consolidated under
the name of tho Kansas Pacific rail-
way company with "A capital of So
eOO, 900, and all necessary and proper
steps shall be taken 10 effect such on
solidation in due and proper firm, in
accordance with the laws governing
such corporations, aud the parties
hereto agree to do all in their power
TO aid and effect the I'M
Second-Oi the said consolidated
capital stock $40, COG, 600 par shall be
issued to parties 10 be designated by
the Union Pacific railroad company,
and thereupon all outstanding shares
of the stock OF the Colorado Central
shall be surrendered and cancelled.
and the residue Of said consolidated
stock shall be issued To the Kansas
Pacific railway company, party here
10, to be distributed in exchange
among its stock holders.
Third-ThC consolidated company
shall issue its coupon mortgage bonds
I o the amount of s., OOO, 600, having
30 years to run, and bearing eve per
cent. interest, the principal and inter
est payable in lawful money of the
United States, in the city of New
York which said bonds shall Also be
secured by Il mortgage to a trustee or
trustees to be agreed upon, and such
bonds and mortgage to contain such
clauses and provisions rs may be de
NArn,fpnI lxs tho .nrERlfflRf tod F.AFY4fvn.
ny, and said mortgage shall be sub
ject to the existing mortgage on the
Colorado Central, and TO the existing
mortgages upon the Kansas Pacific
railway, and such consolidated mort
gage shall not, however, include any
Of the lands of the last mentioned
railway company lying between the
393d and the 4OJth mile-pOsts on the
line of said road, which said lands
shall be excepted from such mort
gage.
Fourth of said So, 600, 600 of bonds,
81, 25O, 200 shall be used by the Kan
sts Pacific railway company cOusOli-
dated, in retiring the outstanding
income bonds of the original Kansas
Pacific railway company, ut the rate
of not mort than 30 per cent. Of their
face, exclusive of interest, and Sj2j,-
600, or whereabouts, of said COusUli-
dated bonds shall be applied 10y the
Kansas Pacific railway company con-
sUlidated, to retire, either by exchange
or otherwise, that amount Of an Issue
of 81 ,I25,OOO of outstanding bonds is
sued by the Arkan-usN Valley railway
company, held by parties other than
the Kansas Pacific railway company,
who hold the residue of said issue.
Fifth-Of said s., OuO, 900 of bonds,
there shall be issued To the Union
Pacific railway company bonds not
exceeding 81 BIC, 900, which shall be
used in CXtinEUishing the indebted
ness of the Colorado Central railway
company; and the Union Pacific
railway company agree that the said
last named company, when cOusO!i-
dated, shall be free from any iudcbt.
edness, except its funded DEBT, which
does not exceed -
SiXth-Thc residue Of said J,O0O,-
900 consolidated bonds not used and
applied a5 before mentioned, shall
remain in the treasury OF the cDn-ul-
idhted company, and form Il part CT
its assets and property, and shall be
used as far a5 possible to redeem and
retire Sc, 200 ,OOO of the first mDr,-HgCQ
bonds of the junction City and Fort
Kearney railway company, aud $lIJ,-
600 of an issue of 81, 900, 600 of second
mortgage land grant bonds of the
present Kansas Pacific railway COM
pany so as to restore said bonds to
the possession of the said last named
company, which shall cancel and dis
charge the $ll5, 900 second mortgage
land grant bonds above mentioned,
and said company shall retain the
whole issue Of 81 I11 ONl rrnuS1s