New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-01-31
financial.

REORGANIZATION
ST. LOUIS, ARKANSAS
TEXAS RAILWAYS
In Texas and In Arkansas and Missouri.
Attic request of the holders of large of all
classes Of securities the undersigned have consented
act rs n committee under agreement lodged with the
CENTRAL TRUST COMPANY OF NETWORK. to
reorsanize the ST LOUIS, ARKANSAS and TEXAS
RAILWAY COMPANY in TEXAS, aud the ST. LOUIS,
ARKANSAS AND TEXAS RAILWAY COMPANY
in ARKANSAS and MISSOURI on the following basis
viz,
PLAN.
NEW SECURITIES.
-Four per cent. LIST Mortgage 1O0-year nm.
$500 900, reserved
-Four per cent. I'd Mortgage 1OO-year
Gold Income Certificates (non-cumnia" 90 o.o aoo
The issue of these certificates may be increased to
900 subject to restrictions to provided in tho
mortgages their issue and application Of the proceeds
Five per cent. Preferred Stock mon ma
.....--........'. s%VOVV'Voo
Common stock.................... s16,50O,O0o
The asserting security holders who deposit their
curtes and pay their respective assessments provided
in the said agreement, will receive the engraved Reor
ganization Certificates Of the CENTRAL TRUST CON-
PANY Of New.York and will be entitled. on the COM
pleon the organization OF the companies the issue
OF the and the surrender OF the Reorganza
ton Certificates, to receive
facS,ed: 1851 anu
N' Cer9fcsies with May /, 1890, Coupon nam
tachcd.
Ncw4 per cent. I'd Mortgage 10e-year Gold ,-o
Income sou
New per cent Preferred stock.-...-.-..-..- S%oO
For each unpaid 6psr cent 1t n0rtG"se Col" cern
Par In Cash. So"
For each 900 per cent. Id Mortgage gold Certf-
cate, with all coupons attached, and for per cent:
se csrsn ns' and SIS on or b"ore April
New 5 per cent. Preferred Stock. 49,. si'ooo
New per cent. I'd Mortgage 1OO-ycar Gold s.o
Income Cernhcntes. '--'''''-''.'' o."
For each 90 share of stock and for o per cent.
paid 10 Sssh sS and psr ns
of $3.50 each or before April ], May L. and June
/, 1890, respectively;
New Common ~ Sloo
New per cent. ID Mortgage 100-year Gold can
Income Certificates. 81"
The new per cent. I'd Mortgage 1ooyear Gold Income
be In denominations OF Sl,OOO anu EQUIV
Convertible scrip will be issued for fractional amounts
OF certificates to which depostors are entitled.
Iii. proposed under the plan provide othc new
securities and about S2OO00O0 cash for
improvements and betierments and about Sl'4oo'Ouo
en- 10 pay of outstanding Car Trust Certificates the
equipment thcrcupon becoming subject TO tie new hrst
mortgages.
SECURITY HOLDERS ARE INVITED TO BECOME
PARTIES TO THE SAID AGREEMENT BY DEPOSIT
ING THEIR CERTIFICATES AND STOCK WITH THE
CENTRAL TRUST COMPANY OF NEwYoRK, 81
WALL-ST, on OR BEFORE THE 18TH DAY OF
FEBRUARY, 1890
To provide for cash requirements under the agreement
the right depostors of present per cent I'd
mortgage Gold Certificates present stock Of the ~.
Louis, Arkansas and Texas Railway Company In
Texas, for each block Of $4,000 OF such certificates or
each 100 shares Of stock deposited On or before Feb
is, 1880, TO subscribe for
81 zoo per cent st Mortgage 1oO-year
Gold Certificate Nov. l. $780, coupon al
$500 new per cent. I'd Mortgage 10O-yenr Gold
Income Certificate
for tne sum Of syfa Vmhere6 90 is payable on
allotment and the balance May /. 1890
the the subscriptions exceed the amount
Of the securities the disposal OF the Committee for this
purpose VIZ, So sos 900 per cent First Mortgage
1O0year Gold Certificates and 41000 Of the new per
cent I'd Mortgage 1O0year Gold Income Certificates the
Committee the right to aot less than the amount
subscribed for In Of default Of sy subscriber TO
the amount due May l. lS5O IcSeE'c9
right declare forfeiture OF the amount paid and
the rights of the subscriber shall cease.
Copies Reorganization Agreement may he had Of
any member Of Committee, and Of the CENTRAL
TRUST co.
Engraved Reorganization Certificates ready for
issue and immediate application will be made te list the
same on the Stock Exchange.
FREDERIC p. OLCOTT,
HENRY NUDGE,
JAMES SPEYER, Committee.
JOHN KENNEDY TOD,
EDMUND SMITH,
G.. S. ELLIS, SECRETARY,