New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-11-28
fnanfial.
Reorganization
of the
AMERICAN
COTTON OIL TRUST.

Under the pian adopted Mt n meeting Of certificate
.,d~ lid ,h,. DIV, and which has received the In
Of holders Of over OIL inc cn''rc
issue IL proposed that the trust nn" Tue property
and assets thereof, be mersea OF ih'orpsr"eu
into the
AMERICAN COTTON OIL COMPANY,
...xrorn,ion organized and existing under the Laws
go. 81 .Jcr,sy or that such Trust ccrtih-
n, exchanged or transferred for shares OF said
csm,auv or otherwise, rs the REORGANIZATION Com
,,t.e NAV deem judicious, upon tie ioowne genera
basis;
AMERICAN COTTON OIL COMPANY 70 issue Com.
on stock TO the amount OF s21 900. and per cent
,n,cuul..Ive preferred Stock redeemabe at 1O5 per
cent and secured by shares Of all companies received
on such merger. acquisition or Dy propefS VI rus
tiAcaes as may determined by the committee anu I'm
ed 10 ala 900 600 in amount Of which 4b4ooo Cor any
-, a. evcess ~ the amount required on the exchange
70 h hold used and disposed Of by the Directors for the
,noses O, the company AL stock entitled 10 ike Young
power.
Tho rrus. Certificates to exchanged for such new
shares in the following proportion VIZ
For each share of Trust Certificates 80 per cent thereof IN
such new Common Stock sZi'o'%'"""
And % pcr cent thereof in such new IRE
,erred stock.................-..-. 1oo4o'oov
Holders Of AMERICAN COTTON OIL TRUST Certih'
Gates are invited to deposit the same with the
CENTRAL TRUST COMPANY OF NEW-YORk
ON OR BEFORE NOVEMBER 20. 1889.
A., ,eceve engraved certificates deposit therefor under
the agreement OF reorganization.
The ENGRAVED CERTIFICATES Of the CENTRAL
TRUST COMPANY are now BEING ISSUED ana nave
heen LISTED on the STOCK EXCHANGE in same man
ner as the certificates OF the American Cotton Oh trust
FREDERIC p. OLCOTT.
Chairman.
SAMUEL THOMAS,
EDWARD d. ADAMS.
JAMES ii. BENEDICT.
WILLIAM L. BULL,
NICHOLAS SHELDON,
REORGANIZATION COMMITTEE
NETWORK. Nov. 8. 1889.
Az m meeting Of the REORGANIZATION CUM
MITTEE, this day held, the following re''
was unanimously adopted: =, =.
"REsOIyED, That the time for the deposn %
AMERICAN COTTON oil TRUST CEhI iva -" -
under the Reorganization Agreement, De anu
hereby extended TO and including DHo -. ~
1859, and that deposits heretofore ana " -. .
made NAV he Withdrawn prior TO that date AT inc
option of deposors.
And the Committee declares Its purpose 10 aoa"uo"
the PLAN OF REORGANIZATION under inc po"e
reserved TO IL by the agreement If by SAID d",c an
amount be not so deposited sufficient In their nus
ment, TO execute the purposes of the Agreement
JAMES ii. BENEDICT Secretary.
Dated NETWORK. Nov. TO- 1889.
Alta MEETING OF THE REORGANIZATION COM.
MITTEE, THIS DAY HELD, THE FoLLoMlN"
RESOLUTION WAS UNANIMOUSLY ADofIED
VIZ: ,,.,op1rv or THE
CERTIFICATES OF THE AMERICAN COTTON I'LL
TRUST ARE NOW ON DEPOSIT WITH TILE zen
TRIAL TRUST COMPANY, UNDER THE A'fEh
MENT OF REORGANIZATION, 900
RESOLVED THAT AFTER DECEMBER 2. 1889,
CERTIFICATES NOT so DEPOSITED (OR IN
TRANSIT WILL ONLY BE RECEIVED SUBJECT
TO THE PAYMENT OF SUCH PENALTY AS MAY
BE FIXED BY THE COMMITTEE"
JAMES II. BENEDICT. Secretary.
Dated NETWORK. Nov. %. 1889