New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-07-03
Principal due February I, 1873.
Coupon Interest payable Sem-annua'ly
February I and August I.
Reuistered Interest payable quarterly on
first days of
February, May, August and November

mel, and interest payabIe in the City NewYork
In gold coin OF the Of America OF or equal 10
10 present Of weight and hneness free from al
United State and Municipal taxes tha'ma DC
by any present or laws TO be deducted hereo
CENTRAL TRUST COMPANY OF NEWYokK'
TRUSTEE.
Bonds issued in coupon of 81 900 EACH with provision
for the registration principal or IN registered
oaes Of any amount desired In thousands, the interest,"
upon which will mailed quarterly by cheek 10 inc
t,red owners similar to that adop'eu w S
Government for the payment OF interest upon 'no
bonds Of the United States.
Tine St Paul and Northern Pacific Railway Company was
incorporated in 1874 the Western Railroad Company OF
Minnesota has been in operation since 100 H""
BraineId the lire OF the Northern Pacinc aro~u No
pany sixty and oneha 80 III miles 30 sauk Rapids paying
vopds eoua to over per per during she past
five years
This railroad is being extended about ninetytwo miles
from sauk Rapids the City OF Minneapolis including
bridge across Mississippi River at Anoka and oouOo
track the extensive property OF the company
about way between st. Paul and Minneapolis
The terminal Will comprise such facilities Us
are the nsiness pertaining 70 @
nore than 5000 the anscontinenal system OF he
Northern Pacific Railroad Company and will include union
freight machine and car shops Cattle
yards slaughter houses round houses freight yards win
m1re than sixty miles Of and other traffic facilities ION
the rent of roads large revenue may be e1
pectod
The terminal property comprises twenty acres In Mnneap
oils and three hundred and eighty acres in ST. Paul. ole hun
drsd and of which within the business cen
tire OF the latter city.
The land grant company amounting TO about 2ooO
acres Is located along line between BrAnerd ana
sank Rapids and price heretofore realized Will
more than provide the S673Ooo outstanding bonds OF
earlier issue.
The 81 Paul and Northern Railway Company. with
property. is leased for 500 years TO The
Northern Pacific Company and constitutes the only
independent OF railroads into the
cities OF Minneapolis and St Paul
The contract and provides that The Northern racine
Railroad Company shall eqnp operate and maintain the o"u
and Its terminal property, paying all the taxes that may be
levied uon tho same net rental quarterly equal 10
forty per cent OF gross earnings and receipts which
less than the interest upon tho eH
tire issue If bonds.
1t is expressly provided the sand contract and lease mat
no notifications or changes shall be In Of ito
without the written consent OF the central iiuS
Company Of Neg-Yok Trustee for the holders Of these
bonds.
These bonds part authorized Issue Of sooooo0o
and with the exception s67 bonds above referred
10 fproyson for which By the reservation oi
an eoua amount Of bonds By Trusted constitute first
Mortgage upon this terminal railroad It's land grant aud
estate the pOpuOus and growing busness
centres OF Minneapolis and 81. Paul.
The remainder authorized il reserved for the
future Company conformity with the terms OF
the mortgage
Negotiable Bond Certificates certified by the Trustee viii
be delivered pending preparation OF the engraved DondA
accrued Interest by the urdefsEued
who right price without notice
whom application should be made for any further par
ticulars desired
DREXEL, MORGAN & CO., uo,, vorL
m