Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1888-08-23
tho two committees, to the new bond and
- 4. ..-....l 4 l..ll..sr.

tho two committees to the new bond and
stock when issued as follows:
Holders Of our receipts for Mercantile
Trnst Company certificates representing
each 1000 Of first mortgage bonds OF
the Richmond and Allegheny Railroad
Company, with the unpaid coupons
thereto attached, are 10 be given. on
contamination OF the agreement, "a first
mortgage bond OF 81. 900 upon the pro-
perty OF the Richmond and Allegheny
Railroad Company az above, to bear in
tcrest, under said agreement, at the rate
OF per cent. per annum for five years
and per cent. per annum for ninety
FIVE years.
Holders OF our receipts for Mercantile
Trust Company's certiticatesrepresenting
each one thousand dollars OF second
mortgage bonds Of the Richmond and
Allegheny Railroad Company. with the
unpaid coupons thereto attached, are TO
be given in like manner.
(a $3.50 in new second mortgage
bonds on the property of the Richmond
and Allegheny Company, TO bear IN
terost under said agreement. at per
cent. for the first year, per cent the
next year. and 4 per cent annum for
ninety eight years.
(bj Sl2j in income mortgage bonds on
the property of the Richmond and Ale
ghany railroad Company, which bonds
are 10 be treated as to interest precisely
the same as new Chesapeake and Ohio
first preferred stock is treated in regard
to dividends, or a like amount Of such
new first preferred stock trust certificates
may be Issued III lieu of said income
bonds.
(cJ 1925 new Chesapeake and Ohio
common-stOck tTust certificates.
Holders Of our receipts for Mercantile
Trust Company certificates, representing
stock OF the Richmond and Allegheny
Railroad Company, upon which the as
sessment OF $40 per share has been or
shall be- paid. are to be given, on con
summation Of the agreement, new Chesa-
peake and Ohio first st-preierred stock nj
par for the amount OF assessment paid,
and ~ per cent of their Richmond and
Allegheny stock in new Chesapeake ahd
OhiO commOn-stOck trust certificates
Pending tho completion OF the plan
and the issue OF the new securities, the
agreement between the two committees
coDtemplates that ont of the proceeds OF
the business Transacted over the Rich
mond and Alle3any railroad there shall
be applied to pay the interest on the
bonds above set forth such funds as may
be properly applicable thereto as though
the agreement mad been cOnsummated,
such payments when made to be en-
dorsed upon our negotiable receipts. The
proposed arrangement has the unanimous
approval Of both committees. The right
to participate therein is conditioned, in
the case OF each holder desiring so TO
participate. upon his depositing his pres
ent certificates with ia duly endorsed.
The Chesapeake and Ohio Reorgani-
zation Committee reserves the right to
limit the time within which deposits as
above may be made with us, or to fix
penalties on subsequent deposits, and
those who wish 10 participate ID the plan
should therefore deposit their certificates
with US without delay, the offer to ro
ceiye them being made subject in all re-
spects TO the control OF the committee
Copies of the agreement between the
two committees and other information
may be had on application at our Office.
DBRxBL, MORGAN & Co.