New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-11-29
finantial.
Reorganization
of the
AMERICAN
COTTON OIL TRUST.

Under ,b. nIan adopted ut n meeting OF certihch'c
holders held this duy, and which has received '"o
dorscment Of holders Of over iour-hi'hs OF 'no
ISSUE IL is proposed that the Trust, and the proper,
and assets thereof, DO merged or incorP'
into the
AMERICAN COTTON OIL COMPANY.
n corporation organized and existing under ihe 10 20
al the State OF New-Jcrscy. or That snch ir"s'
Gates be exchanged or transferred for shhre' en-
company otherwise, n the ReoishhIa'o I'll
,,,,er ma deem iudicious upon the following gener"
basis;
AMERICAN COTTON OIL COMPANY to issue com,
mon Stock TO the amount Of cpl o92 600. ana p.. -
non cumulative Preferred Stock refeemabe al IO' Ia
cent ana secured by the shares o. all COMPANIES o.
on such merger. acquisition. or by properly OF "a Inn
ti1cates a. may be determined by the committee an
tied to $1,000 900 In amount OF when Sh4o'''O ee
balance In excess Of the amount required Oh 'n 1r the
to be held used and disposed OF by the DlIeo'd ting
purposes Of the company. AL stock entitled 10 i'Ao
power. r
Tho Trust Certificates to be exchanged for sue" -"
shares in the following proportion. VIZ; 49,
For each share Of Trust Certificates 90 per cen' 400
such new Common Stock ...............- e%i""
And 25 per cent thereof in such new IRE ,o ooo
ferred I".y cr,Ia
Holders OF AMERICAN COTTON OIL TRUST Oe'""
cate. are invited to deposit the same with the ,x
CENTRAL TRUsT COMPANY OF NEw-fohh
ON OR BEFORE NOVEMBER 90 1852 ,o,
and receive engraved certificates OF oepos'' 'no''
the agreement OF reorganization. ,,rp At
The ENGRAVED CERTIFICATES Of the ChN -
TRUST COMPANY are now BEING ISSUED ana nav
been LISTED on the STOCK EXCHANGE In same .N'
ner as the certificates OF the American Cotton on
FREDERIC p. OLCoTT'
Chairman.
SAMUEL THOMAS,
EDWARD -. ADAMS
JAMES II. BENEDICT
WILLIAM l.. BULL.
NICHOLAS SHELDON,
REoRG ANIzATIoN COMMITTEE
NETWORK, Nov. 8. 1883.
4, ,ee,In9 Of the REORGANIZATION CON-
MJTTEE this day held, the following reso"''''
was unanimously adopied' 8, II
"REsOLvED That the time for the dcpo'n rU
AMERICAN COTTON oil TRUST CEHIIfiO"''
under the REORGANIZATION Agreement, be ah" y
hereby extended TO and including DECENinhn =
1850, and that deposits heretofore ana h''' -.
made may he withdrawn prior 10 that an'e' l" -"
option Of depositors. ,,
Ana the Committee declares Its purpose 10 abandon
rho PLAN OF REORGANIZATION under the powers
reserved TO il by the agreement II by sal" ""r
amount be not so deposited sufficient In their iu's
ment, TO execute the purposes OF the Agree"'e""
JAMES H. BENEDICT, Secretary
Dated NETWORK. Nov. 10. 1889
MEETING OF THE REORGANIZATION COM.
MITTEE, THIS DAY HELD, THE FoLLOMINU
RESOLUTION WAS UNANIMOUSLY ADofILD'
WHEREAS MORE THAN MAJORITY OF THE Iii
CERTIFICATES OF THE AMERICAN COTTON ott-
TRUST ARE NOW on DEPOSIT WITH THE CEN'
TRIAL TRUST COMPANY UNDER THE AOi'iH'
MENT OF REORGANIZATION, .s.o
RESOLVED. THAT AFTER DECEMBER 2. 1859,
CERTIFICATES NOT so DEPOSITED (oR IN
TRANSIT WILL ONLY BE RECEIVED sUBJEOI
TO THE PAYMENT OF SUCH PENALTY AS MAY
BE FIXED By THE COMMITTEE"
JAMES II. BENEDICT. Secretary.
Dated NETWORK. NOV. o. 1859.