The New York herald., 1877-02-14

The above mortgages were e.-.sd BY nine a;Ssrss,
panes Of which have been in existence since iS70
wn.n the old Toledo, Wabash aud Western Company,
consolidated into a new company. which new com
Uiss TIE Wabash RAILWAY @
pny having BECOME ,he owners OF the properly now ap
cooperation ana assistance IN their efforts I" restore this
@ "s, ss % ~ Erie sS %ass. % Is"
Southern Iowa hrst mortgage deposit four due
ruary l. is77 Of ali coupons thereafter as hsy mature
Decatur and last ST. Louis hrst to deposit h,e
gust is77 aud Of ali eoapons thereafter a. they mature
due "sy ""a and nvlssr oe n |" S
II be MADE on dAoyasi is7 Of the so1p9n falling ane
Toledo and Wabash second mortgage, Wabash and
Western second mortgage Great Western second
60 deposit tour past due and one maturing Novem
May 1877 on Angus, and AL after November 1877,
and
Of the time OF payment Of these bonds. on receiving ad
Toledo. Wabash and d Western con.oaa.ea Mortgsge
August, 1877. aud Is. November is7s and dcpos, all
unpaid nrevcu, latter dac after which payment
TO DO made Ia full as the coupons mature.
The sad coupon; to be deposited n .rns. the Metro
shall receive scrip &C. iifcate Of such deposit said scrip
the coupons detached bearing ineres, per
zen. per annum payable annaaly and 20 be ndoed on
the number coupons deposited, theunbers OF the bonds
coupons that the held
In trust to be surrendered to the holder OF the certificate
maturity OF the bonds or whenever there shat be ne
iaut In payment OF the Interest the certificates Such
deposit IN 10 impair the liens the of
road by which the bonds and
Funded Debt Bonds The holders ui the said
icates TO have the option ofundng the iuo bonds Of
500 ur 81 WOcach with coupons at per cent sem
nual maturing la 1907, when the consolidated bonds
to oe called funded debt bonds said
numbered and arranged that each class of certih
Gates eau DO apported to specific series of numbe and
bonds Of any default IN the interest principal OF
VI the aforesaid mortgage debf, the holders shall be- entitled
to thcr respective coupons held Tor the certificates
which the said funded bonds issued. The issuing
Of the bonds IN no way to impair the lien mortgage
securing the coupons 50 hcld in trust.
For the purpose OF providing for the extngushment OF the
said cnded oond aud certificates Of deposit the abnsh
Railway Company will set from It's earping after the
1884, annually. the of SIUtU to be Invested IN
OF the funded bonds At exceeding the par value
tesotosc pertaining to the first mortgage To be eti ed
hrst ana second second and consolidated mort
last The directors of the Wabash Railway Company
having IN mind the fact that aI the bonds only
tons of the road being secured by the entire property
have endcavOred give due consideration TO each class
aud TO each with the ibcrny that tue
pcIvc earnings OF the road will admit OF and at the same
time keep IL III condition to enable IL 10 earn sufficient
revenue to accomplish the result proposed
BOAND OF DIRECfORs-Janes A. Roosevelt, Presi
dent solon Humphreys Cyrus w FIELD Norris r. Jesup
Henry Crawford Elisha Coray, ohm :. Kennedy John W
Ellis John r. Martin. 6corRs J. Seney, W. H. sham. H. A.
V. Post. Il. H. X Lyman
XyANTED IMMLDlATELY.-A PERFECTLY RE
spvnsbie party owning bond and mortgage tor $1,000
valuable Long Island city wishes