New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-07-08
NLw-JErSEY NiDLlyD RIILWIY.
PLAN OF EEogGANrzNuoN-O OPPOSITION OF CERTAIN
RDNDHpiiEHS

PLAN Oh EEOgGANiENu9N-0r P0SifiON OF CIHIAiN
bOSDHpIiER@.
Efforts are making to re0rglnlzc the New
Jcrsey M,.l.nd ].aiodi Compauy, wh;"h h'- been IN
financial diicult.cs succ the panic or l>'3 me
r H. III the hi i,s OF bat ,he nci-
b.r, OF the corporation with some Of their ne"s nave
prr.arcl the arrruL,l form OF alton. Whi'ii
they submit. 10 lOaJholcts aud creditors. IAe fcicie,
however is approved ny am trr AMI larger part oi
tl hsnll.oi.s Uio aie about to HOLD meeting 10 pre-
ycnt IT. adoption. Tie following Is lee plan:
l. ofs.u.e "ar Capri G, - - y g., ay' 81
>c..JcIsry 2riIa i.o'i ana properly aicn he following
.rf, 81 10 .rl ilr. % a. ;llDDpt o, --Oco0 payable
j. ' "a ~ 49, .tea An L. H. /" a., n Az T.
;i, ,.,ueny .cry- az rs' e. tiA thrs. "'.s ,i an"
IT, az q '-' % i .ftoc 80 T L Inc e. cG o. the
hoicr mo ihc s'd bond; er later msr'i ~, @{ Sy
TO- op apr.d elw loil,vtis psrpe-e': ih3
,5oVO "a loans .4i aAl'.s ~ s'coam'la 40. ,o'
g. :, I,,,,, iycun,, me-. on fr, II property s
II 4hs o.. WY rnicaa i'i a- ',ocn an 5 80 E,o
Connecting i;rI.aI r~os, a.tN y r'trters esr,il''
tn'' 49, :, ,r :,r ~, 81 t.. r,id 10 tie IIn.-on
tt,cr aT ',r or b., M ris. such expenditure 10 tc
made lpcn te wi.itr a'lo. - or i'H.,n ga =" nv H. y
TO .e ci' GA n5r'; y tiI,' 30, r. I I i y sc
ORGANIZATION 10 De rst 04ci 90 present pohd'
Ill., le new Company TO issue boas secured b. MORTGAGE
III property aG ainoGit not go eze5', y 900 tN
anaua IN ciis .1Oo05 Of sad 5on to be- seyed b 30
Trustee. - xsul ia bonds, ip'H'
los n ,rii,a i) ii rcmaniD. s.7)tVDD t. Do aSn
lat s,Ay ilr may Ice n'rftr. - eN- iis, or
~trp issued coLloi, OIL amounts aaJ i"r st
hou-. shan Ia inifbr Elo ti,s' bonds 10 sums ot
those goi bonds r ia ir,i ~" Al ii i
h,, aJr At me opio' oi s"
Colaay iLii "n ycs "i . ~ tah "a ih'pr Va, %
per per such scrpi he issit" tpi ~"
anoun Of ne CON on "a cnirtn,y, WIN Inc Ieh .As"hs
inuii, IL 90 g'nd aided r'Teio
~. f' Company 10 Issue dis preferred s'Ocs 10 ne
givcl t. IN pres nj .oai mort ers IA - X
ipI th. Nous "a a' NJ" '"",S ~ 's- J., TO- -
sioux TO he EMU u" sirmi, err up 10 pr 81 ~, a,,
D"ih-i ar -efip lSssi'el ioI interest . - , ., T., l.,
v ihr COMPANY t. i'fy second preferred socs 70 be
AMI to ursecni''i creditors IN settlement ol tif o"ls
have been pledged cOiteioi the s0"A
preferred sivcs 10 b. est lied iosuFlis ret -fn
is up 10 ~ con at"r pay mtnt OF interest ana u'i''
| t. lsior sosu IiJi,s srrlnDriprr provided
VI. Tie neN Company to Issue s common "eh III 'Aohang
Tor tir common 500 OF The oil t0npaJ share Tor er 10
e eiiiiOd Is al pet rarHigs alter pay en ~ li fS' ilv-
IL IDS sscnriiic b"tenrioFc pfOsdi Al pir-
s pay delivery ihcn, - for each $1,000 Of stock
b. ped IN tie payment o Tue cNsn7ss h' at
abd paid or within Twelve n"ns lion ie ii's "i lie h
closure shall 20 forfeited and may be- sold fOf tue a'""t
Of too valuc OF slOo shall entitled vote IN tlIs
Company. AMI the sent nTst mortgage pon1icrs
respectively un the ps'nt nrst mortgage bonihohl
snail have been paid IN TIRES successive years r Inter
which have been is,ucd for Interest aaa un III mat ur
the said nIst orgag bondholers ss.l b. end- 20 emt
Directors after The frst mortgage Dpndi,hfrs s'hl
have received their Interest sueoessiS ~ Aforesaid Iyr fce
nf bonds lsrIei pf
Irs then The Directors small be elected by the stoe Aoiier
Tns document signed by Nathaniel Dole, Chairman
C. A. Wort.n dy kr James McBTiig. = l.. Ohnsicti, c. a.
Hobart. III. Il. Low, GcOrs Is. Childs, Committee.