New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-07-20
financial,
OFFICE or THE
Louisville and Nashville Railroad Co.,
Equitable Buiidinx, No. 100 broadway.
NETWORK. July 0. 1891.
TO ne Stockholders Of TIE


PANYi
At the meeting OF the stockholders this company
held at Louisville, Ky, July 8. 1891. at which
36S.410 shares voted the stock Of this company
Increased by the amount Of 50 .0e0.0 Co., In ae-
eordsnce with the following resolution
WHEREAS The charter Of the LOUISVILLE AND
NASHVILLE RAILROAD COMPANY and the amend
ments thereto authorize this company 70 Increase fs
capital stock amount sufficient 70 represent the full
cost Of its road and branches and
WHEREAS Such capital stock IS now forty-dghs
million (s4s COO 900 dollars; and,
WHEREAS II is necessary money 10 pay
for the railroad other property rights and franchises
OF the KENTUCKY CENTRAL RAILWAY COMPANY.
pay for company's proportonate part the
proposed increased stock Of the NASHVILLE CHATTA.
NooGA AND ST LOUIS RAILWAY. and for other
purposes and
WHEREAS Is is believed be for the interests of
stockholders the capital stock Of the company
be increased the Of Aftyve million Cs55 900 oO0)
dollars such being below the cost Of the road and
branches Of the company;
Resolved. That capital stock Of the LOUISVILLE
AND NASHVILLE RAILROAD COMPANY BE-. and the
hereby. fncrea.ed from the Of fortyeighs
million GAS 000) dollars. existing to the
Of Atty million 1855. 600 600 dollars, and that the
President and Directors be, and they are authorized ard
directed take steps such additional stock, and
they be and further authorized in their dscre
and from time to time 20 dispose or such increase
upon such terms and in such manner as they may deem
best the interests Of the company and 70 apply tho
proceeds thereof as Indicated In prambles
increased Stock however to be voted upon until 50
disposed Of"
Pursuant 10 the authority therein given 20 the Predens
and Directors dispose the portion thereof
In their discretion and upon such terms aad in such man.
they deem best for the interest OF the company
portion Of such increased stock 70 the aggregate amount
Of 81 800 900 hereby offered TO the stockholders at the
price Of $40 per (Which not to participate in
the dividend declared payable Aug. l. 1so 20 those who
shall be shareholders record books Of the company
July o. 1891. at in the proportion OF ten per cent
40 per cent OF their several holdings.
Stockholders subscribing under the foregoing privilege
shall nav $40 per the date OF subscription recev.
IND temporary receipt Of the company therefor and tho
remaining SEQ against the delivery OF the certificates OF
stock on Aug II. 1891 representing their several SUBJ
scrptiOns.
subsc will be received at the oflcc OF the
compnuy, 1sO broadway, New-Yor< City, aud
i.ciuaing July Is, 1S9i, o'clock NJ. after which
time the right TO subsc ribe will expire.
Notice where subscriptions be made and paid for IN
London England will be duly announced and published
later.
Receipts for fractional amounts OF stock will be OK.
changed for stock upon final payment only when presented
in amounts OF 500, or mutpies thereof
All rights 20 subscribe for such increased stock wll
cease unless each subscription made above provided
failure payment in full within the time pro-
vided ali rights will be forfeited.
Forms subscription and all Information in reference
70 the be obtained the NewYork Office Of the
company.
BY order OF the board
(Signed) AUGUST BELMONT,
Chairman.