New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-11-25
finanrial.
Reorganization
of the
AMERICAN
COTTON OIL TRUST.

Under the pInn adopted mt n meeting OF cer't"'"''
holder held thIs day, which has received tue M
dorsement Of holders Of over four-hths oil '"'
issue IL il propo .ed that the Trust, and the
end assets thereof BIO merged or incorpof
into the
AMERICAN COTTON OIL COMPANY
n eorporntion organized and existing under tue Us.
Of the State Of New jersey that such Trust &C.
Gates be exchanged or trnnsicrreh for sh"'. cw-
compauy or otherwise, az tho Rcoi Ganizhio" -
mittce may deem iudicoas, upon the following se"''
basis,
AMERICAN COTTON OIL COMPANY 10 issue Oon'.
mon Stock 10 the amount Of eel 092OOO' ana -. nor
non.cumustive Preferred Stock redcemabe al OD
cent and secured by tho shares OF all conp''' cor
on such merger or acquisition, or by property or I'm
tiacates az may be determined by tho committee - any
,tcd to $4,000 900 amount OF which ti4ot'VoO Src
balance In excess Of the amount required on inc - h
10 be held used and disposed Of by the Direc' ,nc
u,poses ot the company AL stock entitled to Ike NO'
power. -. nav
The Trust Certificates to be exchanged for suen "''
shares in the following proportion. VIZ; 49,
For each share Of Trust Certificates so per cent ooo
such new Common Stock..-.----.-----. o~i''
And On per cent thereof 10 such new Ife- &C mn
- c,ocr .................. 1o'54oo"o
Holders Of AMERICAN COTTON OIL TRUST Oe'"A'
Gates are invited T. deposit the same Win te x,ouK
! CENTRAL TRUST COMPANY of nv" 80
! on OF BEFORE NOVEMBER 70 1852 ,o,
onc,a,ea certificates Of deposit therefor. under
|
tie agreement OF reorganization. - crNrp Al,
| rhe ENGRAVED CERTIFICATES 81 the GIN ,' 10.
! TRUST COMPANY are now BEING lssC ~ a. nm.
| hoen LISTED on the STOCK EXCHANGE IN sano
Usr a. the certificates OF the American Cotton oil Trust
FREDERIC p. OLcOTT
Chairman
SAMUEL. THOMAS.
| EDWARD u. ADAMS
| JAMES II. BENEDICT
| WILLIAM L. BULL
| NICHOLAS SHELDON,
| REORGANIZATION COMMITTEE
NETWORK, Nov. o. 1889.
A, meeting Of the REORGANIZATION U" .a
| sIITTEE, this dny held, the io"o"'"S
WINS unanimously ndoptedi II, of
"RysOIyED. That the lime for the uep RVS
| AMERICAN COTTON-OIL TRUST CLh' -, i.
| upder the REORGANIZATION Agreement y.
hereby extended 10 and inciuh'ha NH hereafter
| 1883, and that deposits heretofore ana rho
| ,nodc u,x he Withdrawn prior 10 thai fh'e' ~ "
| option of dcposiiors. .h,ndon
| :. .nd tho Committee declares It's purpose 10 hO"
the PLAN or REORGANIZATION tunoef NV ~" on
re,crved to IL by the agreement II by shi" u'
| ,monn, he not so deposited sufficient, In their ,"-
| mcnt, to execute the purposes of the Agreement"
LANES II. BENEDICT. Secretary
Dated NETWORK. Nov. 10. 1889
MEETING OF THE REORGANIZATION CON,
| MITTEE THIS DAY HELD, THE FOLLo n,-.r
| RESOLUTION WAS UNANIMOUSLY ADoI1-D'
| VIZ: 1870 r,,.x MAJORITY OF TIE
crprtrICATEs OF THE AMERICAN COTTON o!h
TRUST ARE NOW ON DEPOSIT WITH TN ~ S,r.S,
TRIAL TRUST COMPANY. UNDER 1hE NoNND
MFNT OF REORGANIZATION, . ,oOo
| " RESOLVED THAT AFTER DECEMBEh = l09'.
CERTIFICATES NOT 50 DEPOSITED COX ~
TEANSITl WILL ONLY DE RECEIVED SIM
TO TIE PAYMENT or SUCH PENALTY A. MAJ
| rE FIXED By TIE COMMITTEE
JAMES II. BENEDICT. Secretary
Dated NEW-YoRK Nov. % 1852