New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-11-23
finaneial.
Reorganization
Of the
AMERICAN
COTTON OIL TRUST.

Under the plan adopted NJ n meeting OF ccrii'o.
holders held this day, and which has received ihc IN
dorscmcnt of holders ct over iour-hiths oil '"o -
Issue, IL il proposed TINT the Trust nnd Tue p'op'
and assets thereof, be merged or mcorP"'
into the
AMERICAN COTTON OIL COMPANY,
corporption oraa nIzed and existing under the ba"
OF the State Of New-Jcrsry, that such 1rs"t
Gates be exchanged or transferred ioT sh'r'' "
compauy or otherwise ns tao Keorganiza""" -
mittcc may deem iudicous, upon the following s'"'"
bnsis;
AMERICAN COTTON OIL COMPANY TO issue Com.
mon Stock to the amount Of s2l o92 600. and per ~
non.cumuatIve Preferred Stock redeemabc az lV' "a
cent and secured by the shares OF AL companies
on such merger acquisition, or by properly OF " H.
nncaes az NAV be determined by the committee anu
tied 10 s15oo0OC in amount, OF which si4o4'OVV -,
,,o,ce f., excess OF the amount required on the eNc
to be held used and disposed OF by the Directors i
nurposes OF the company. All stock entitled 10 H~o '
power. o,v
The Trust Certificates to be exchanged for such i"
shares in the following proportion. VIZ:
For each share OF Trust Certificates so per cent thereof
such new Common Stock...-.....-....-- s-i'"'
And % pcr cent thereof In such new ire ,oao
ferred IV'o I'D
Holders OF AMERICAN COTTON OIL iROSl O'
Gates are invited u deposit the same WIN we -ovK
CENTRAL Trust COMPANY OF NEW-hoh"
on OR BEFORE NOVEMBER 20, 1852 -.
ana reoeive engraved certificates Of deposit therefor u
the agreement Of reorganization ,,,-p T.
Tho ENGRAVED CERTIFICATES OF the Gen No. No.
TRUST COMPANY are BEING ISSUED anu me-
hesn LISTED on the STOCK EXCHANGE IN same man
ner as the certificates Of the American Cotton OH Iu
FREDERIC =. OLCoTT,
Chairman.
SAMUEL THOMAS,
EDWARD ID. ADAMS,
JAMES II. BENEDICT
WILLIAM l.. BCLi,
NICHOLAS SHELDON,
REORGANIZATION COMMITTEE
NETWORK Nov G. 1889.
Az meeting of the REORGANIZATION Tu ;n
MITTEE, this dny held, the IohO""s
was unanimously adopted; ,, of
"KEsOI.YED, That the time for the ncpo
AMERICAN COTTON oil TRUST Chhi -
undrr the Reorganization Agreement ne
h.r.bv extended TO and including DECEhDh'N -
1859, md that deposits heretofore ana hcr'" ,ro
made NAV he withdrawn prior TO that dnte' Ut ~
option Of deposiiors. -. h,ndon
! :" And the Committee declares its purpose 70 "o""
the PLAN or REORG tNIHATIoN under '"' i." an
rc.cryed TO it by the agreement If by hai' o"o -.
,woyut he not so deposited sufficient III 'hcr i-
mcnr to execute the purposes of the Agreement
JAMES H. BENEDICT, Secretary.
Dated NETWORK. Nov. 10. 1880
At NETTING OF THE REoRG ANIzATIoN COM.
! MITTTE. THIS DAY HELD THE FOLIO 80
| RESOLUTION WAS UNANIMOUSLY ADor4|D'
! VIZ: 5000. -r,,,~ u,IOPrTY OF THE
| CrrTrF1CATES OF THE AMERICAN COTTON OIL
! TRUST ARE NOW on DEPOSIT WITH me OI.-,
! TRIAL TRUST COMPANY, UNDER me N"i'-'
! MENT OF REORGANIZATIoN, 1000
| d" RESOLVED, THAT AFTER DECEMBER :, I03',
| CERTIFICATES NOT 50 DEPOSITED COX -,
! TRANSIT WILL ONLY BIZ RECEIVED 81 b1hN +.
! TO THE PAYMENT or SUCH PENALTY 40 MAJ
/ ZEE FIXED BY THE COMMIrTEf~'
| JAMES II. BENEDICT, Secretary
| Dated NETWORK Nov. o., 1oc9.