New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-08-25

- wAELss.. rsw.yoRx. yuiy - issg
TO THE FIRST MORTGAGE BoNpHoLDERs or
REW-YoRK, WEST SHORE AND BUFFALO
RAILWAY COMPANY;

panr convinced that the interests Of the NswYmt csu
trail and Hudson Railroad Company and Of the h<nI
Company would DO best prvsed b. the former company -
curing Lease Of the railroad Of the latter ", vork
ing sach railroad IN harmony system ve
opened nsgotiatisns 10 this result
Thcse negotiations have reached point a wbrh
prepared the following before the b. ders
Of shore Company order tnss each Of hsn
may shall hzye equal opportunity share
bsaeat Of hereinafter mentioned anS
the vsw also Of promoting unzainiy xad speedy
terminal isu Of pend In dlf1cuuea
The Newyerk Central and Hudson River Railroad Coca
pany with aresins. upon
ssnatson Of the New Ycrk West shore bu1s,e Rail
way Company ks possession Of tho proter OF the rss
organized COMPANY under lesso and 70 The psS
cipaI bends hereinafter entonod vhAh
are to be secured BY mortgage upon that proosrts.
The conditions Of the contract are a. fnllsvsi
FIRsThss the securities 10 b issued By The reesxansss
Company shall be limited b.
-Four per Mortgage Bonds and 10000 zoe
STOCK bonds be dated January 1854 and b
mature expiration Of Ieasa say In AS q
upon default payment sf iatcrsst for two conseavs
years.
sEcoNp-Ths,of the Mortgage Bopds s25.soe.ooe
Shall offered exchange for the 500o0s00o
Mortgage the present Company with due
coupons sttschsdhat 10 soo Of the guarxnfsd
bonds for $4,000 OF the OH.
THIRp-1hzt tho remaining sssooo.ooA. eseess sucs
for shall not Be
issued except request ana
Railroad oompan5 provs fss prior ness
terminals. and
other pprr OF the Ne.Yorx Contra ant
Hudson Railroad COMPANY from time TO time iss
necessary the seay Development and operation a ~
property leased
FoURTH-Thst the capital stock OF the gsnirsd
pany sha SURRENDERED the orb Csn. and iva
River Railroad Company sonsdafStS1 isr is sass
and guarantee.
FIFTH-rhat tho leased property be asuyessd PROS
20 Jan. /. 1855.
We therefore aortssVs bondhdes ~ M
West Company opportunity avail Themselves a
cur agreement TewYork aud Hudson
Railroad Company upor tho following eOBditionss
FIRsT-That their shah De deposited with vita
agreement hereto attached duly EXCUSED hy ths Do
posters
sECoND-Tbst majority Of TIE whole issus shsf
be deposited
Pending deposit of such majority temporary receipts
will given the bonds After majority sssii have
secured temporary reccrss win be exchanged fs
engraved receipts negotiable ceunorssnei by the
Union Trust Company whose custody the ponds VIII
until required BY Tor tho purposes Of reoraanb
ration
In . majority shall not Be secured ana reorssas
perfected within the required under tho conss
with Nev-York Central and Hudson River Railroad
Company bends will retained frss OF expense
surrender OF tho receipts duly assigned
Il right should sdd that very large proportioa
Of the bonds required already 10 the proposed
plan Upon receiving Of majority IN amount Of
the present immediate steps will be takea
which advised Will prompt Reorganization
and prevent further depreciation and waste Of The
property.
The right terminate time the privileges
Of accepting the offer hereby made