New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-01-29
financial.

Reorganization
ST. LOUIS, ARKANSAS
TEXAS RAILWAYS
In Texas and in Arkansas and Missouri.
Attic request Of the holders Of large amounts Of all
of securities the undersigned have consented
act as committee under Agreement lodged with the
CENTRAL TRUST COMPANY OF NETWORK. TO
rcorsanizc the IT. LOUIS, ARKANSAS and TEXAS
RAILWAY COMPANY in TEXAS, aud the ST. LOUIS.
ARKANSAS AND TEXAS RAILWAY COMPANY
IN ARKANSAS and MISSOURI on the following bnss
Wit
PLAN.
NEW SECURITIES.
Four per cent. lst Mortgage 1OO-yenr son ooo ooo
$500 0O0) reserved)
-Four per cent. I'd Mortgage 1OO-ycnr
Gold Income Certificates non-cumula- &C o.o ann
ttfe) So'VVo'o""
The issue Of these certificates may be increased to
900 600 subject to restrictions TO be PROVIDED In thc
mortgages TO their issue and application Of the proceeds
Five per cent. Preferred stock mon .
cumulative '''''''''''''' '''''''''''''' $500 ~
Common eio'oVo'oo"
The asserting security holders who deposit their Sc
cures and their respective assessments as provided
said agreement. will receive the engraved Reor
ganization Certificates Of the CENTRAL TRUST CoM-
PANY Of Ncw-York, and will be entitled. on the COM
peon of the organization Of the companies the issue
Of the and the surrender OF the Reorganiza
ton Certificates, to receive
For each 0Oe per cent 81 Morsase Cold Csr'l n.
tacSed:
New per cent. LIST Mcstsage 1o9 a2 Gold
Certificates, with May ], 1890, Coupon nun
New per cent. Id Mortgage 1Oe-yenr Gold .o
Income SOU
New per cent. Preferred Stock.........--... s2oo
For each unpaid per cent 1st MOrtsnge Gold Cer''h
Par In %"
For each 900 per cent. I'd Mortgage Gold Certif-
cate with all coupons and Tor On per Of
the Ceraicn tea and SIS on or before April l. 1890
New per cent Preferred stock si'ooo
New per cent. I'd Mortgage 1OO-year Gold s,o
Income Certihcates..-...... 81"
For each 500 share of stock and for 10 per cent.
assessmcnt paid in Cash $3.50 per share payable
ea Si @ Sn APRIL and June
1, 1890, rcspectively)i ~
New Common ~ ock. eioV
New per cent. ID Mortgage 1OO-year Gold on
Income Certificates. CIV
The new per cent. Cd Mortgage 1ooycar Gold Income
Certificates will be denominations Of $1,000 and s1oOs
Convertible scrip will be issued for fractional amounts
Of certificates to which depositOrs are entitled.
tits proposed under the plan provide out ofhc new
securities and assessments about s2OOooO0 cash lor
impro ements and bett and about S1,40OoOO
pay of outstanding Car Trust Certificates the
equipment becoming subject 10 the new hrst
mortgages.
SECURITY HOLDERS ARE INVITED TO BECOME
ID
ING THEIR CERTIFICATES AND STOCK WITH THE
CENTRAL TRUST COMPANY OF NEW-YORh' %
wALL-sT, ON OR BEFORE THE 18TH DAY OF
FEBRUARY, 1890.
To provide cash requirements under the agreement
the right offered depositors Of present per cent 2
mortgage Gold Certificates present stock OF the ~
Louis, Arkansas and Texas Railway Company III
Texas each block OF $4,000 OF such certificates or
each 100 shares OF stock deposited on or before Feo
Is, 1890, TO subscribe for
Gold Gertihcaie Nov: l. $780, coupon nj
$500 new per cent. I'd Mortgage 1oo-yenr Gold
for III. sum Of ssfao Me9sof 1. payable on
allotment and the balance May 1, 1890.
In the event that the subscriptions exceed the amount
securities the disposal of the Committee for this
purpose viz So, sos 900 per cent First Mortgage
lo0year Gold Certificates and 900 OF the new per
I'd Mortgage 1ooyear Gold Income Certificates the
Committee the right to aot less than the amount
subscribed for In OF default OF ATTY subscriber 70
pay the amour. due May 1890 the Committee reserves
the right forfeiture Of the amount paid and
the rights Of the subscriber shall cease.
Copies of the Reorganization Agreement may be had OF
any member of the Committee, and OF the CENTRAL
TRUST co.
Engraved Reorganization Certificates are now ready for
issue and immediate application will be made to list the
same on the Stock Exchange.
FREDERIC p. OLCOTT,
HENRY BULGE,
JAMES SPEYER, Committee.
JOHN KENNEDY TOD,
EDMUND SMITH,