New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-11-26
financial.
Reorganization
of the
AMERICAN
COTTON OIL TRUST.

w Wv VH& lhSSs'
urd.r ,hr nlau ndoptcd nj n meeting OF certificate
holders held thi. day and which has received inc IN
dorsement Of holders of over iour-hhhs oil ihe e"'
ISSUE IL IL proposed TINT the Trust and the properly
and assets thereof, be merged or Incorporate"
into the
AMERICAN COTTON OIL COMPANY,
m oxrora,iou orsauized and existing under the Laws
Of the state Of New-Jcrsey. that such TrIst ccr
cate. be exchanged or transferred for shares " '
company or otherwise, rs the Reorganization 'o"
mttee may deem iudicious, upon the following se"''"
basis;
AMERICAN COTTON OIL COMPANY to issue Com
mon stock to the amount s2l o92ooo and per cent
non.cumulatve Preferred Stock redeemable at Ioo yer
cent and secured by the shares Of all companies
ON such merger or acquisition or by property or uu
uaeates a. may be determined by the committee anu
tied To $4,000 600 in amount, Of which 844o4'VOV W. ~
balance I'm excess OF the required the
70 be held used and disposed Of by the Directors Ol US.
purposes Of the company All stock entitled TO hAo '
power.
The Trust Certificates to be exchanged Tor sue" NV
shares in the following proportion VIZ
For each share Of Certificates. so per cent
such new Common Stock. ......--.-.... s|i'o"-''''
And o5 per cent thereof in such new Pre- .o,o
ferred Stock Vs. ia
Holders OF AMERICAN COTTON OIL TRUST Cei''H'
Gates are invited to deposit the same with TIE ,,
CENTRAL Trust COMPANY OF NEN-foh
ON OR BEFORE NOVEMBER 90 1852 -.
a recove engraved certificates Of deposit therefor uo
the agreement OF reorganiz'tion .--p Al
Tho ENGRAVED CERTIFICATES Of the CENT? u
TRUST COMPANY are BEING ISSUED ana lev
heen LISTED on the STOCK EXCHANGE in same man
ner as the certificates Of the American Cotton vi
FREDERIC p. OLCOTT.
Chairman.
SAMUEL THOMAS
EDWARD ID. ADAMS,
JAMES III. BENEDICT
WILLIAM l.. BULL,
NICHOLAS SHELDON,
REORGANIZATION COMMITTEE
NETWORK, Nov. @. 1889
At n meeting of the RE0RGANiIArioN ,',ia,
MITTEE. tits day held. tue ioho"'us
was unanimously adopted; , n,
"RESOIyED, That the Time for the depos'a
AMERICAN COTTON oil TRUS CEhl
under the Reorganization Agreement DC INV
hereby extended 10 and including DECEMBER -
ESQ I'd Tho, dcoo.its heretofore and hereafter
,u.dc NAV he Withdrawn prior TO that date III '
option of depostors. p.,do,
And the Committee declares its purpose 10 ho""'o
the PLAN OF REORGANIZATION under the Dow
reserved to IL by the agreement II by s"" ""
amount be not so deposited sufficient, in thcir a"A
ment TO execute the purposes of the Agreement
LANES II. BENEDICT, secretary.
Dated NETWORK. Nov 10. 1882
Alta MEETING OF THE REORGANIZATION COM.
MITTEF. THIS DAY HELD, THE FoLLoWlN"
RESOLUTION WAS UNANIMOUSLY ADOPTED
VIZ: .. ,-r,.,- >,,ropr1,y or TIE
CERTIFICATES OF THE AMERICAN COTTON Oh
TRUST ARE NOW ON DEPOSIT WITH THE ZEN
TRIAL TRUST COMPANY. UNDER THE A"Ehh-
MENT OF REORGANIZATION, 800
RESOLVED, THAT AFTER DECEMBER :. lee',
CERTIFICATES NOT so DEPOSITED tOR II
tn ,NSIT, WILL ONLY BE RECEIVED SUBJECT
TO TIE PAYMENT OF SUCH PENALTY As MAY
BE FIXED BY TIE COMMITTEE"
JAMES H. BENEDICT, Secretary
Dated NETWORK, Nov o. 1889