New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-07-16
financial
OFFICE OF THE
Louisville and Nashville Railroad Co.,
Equitable Building, No. 100 Broadway.
NEw.YoRK July 0. 1891.
To the stockhOtders Of the
LOUISVILLE AND NASHVILLE RAILROAD COM.

PANY,
At the meeting of the stockholders Of this company
held at Louisville. Ky, July 8. 1891, at which
36s416 shares voted the stock Of this company
increased by the amount Of S7,OOO,OOO in ae.
cordahce with the following resolution:
WHEREAS The charter Of the LOUISVILLE AND
NASHVILLE RAILROAD COMPANY and the unend.
ments thereto authorize this company Increase It's
capital stock sufficient represent the full
cost Of it, rad and branches; and,
WHEREAS, Such capital stock is now fortyeight
million (s4s 600 600 dollars; and,
WHEREAS. 1t is necessary TO raise money 10 pay
for the railroad other property rights and franchises
Of the KENTUCKY CENTRAL RAILWAY COMPANY
proposed increased stock OF the NASHVILLE, CHATTA-
NooGA AND ST LOUIS HALLWAY, and for other
purposes and
WHEREAS, 1t is believed to be for the ntorsts Of
the stockholders that the capital Of the company
be increased the OF lfy1ve million (s55 COO COO
dollars such being below the cost OF the road and
branches Of the company;
Resolved That the capital stock Of the LOUISVILLE
AND NASHVILLE RAILROAD COMPANY be and the
same IS hereby ed from sum Of forty.eght
million (s4s 0Oo. 0O0) collars. existing. the sum
OF ffty.fve million sj5. 900 600 dollars and that the
President and Directors be, and they are authorized and
directed steps ISSUE such additional stock
that they be and further authorized In dscre
ton and from time 10 Time to dispose Of such increase
upon terms and IN such they may deem
best for the ntcrct OF the company and apply the
increased however, not TO be voted upon until
disposed OFF,
Pursuant the authority therein given the President
and Directors to dispose the or any portion thereof
In their discretion AID upon such and in such
ner as they may deem best for the interest Of the company
portion Of such increased the aggregate
Of 500 900 hereby offered the stockholders at the
price OF $40 per share (Which participate
the dividend declared payable 1. 1s9. those who
shall DO shareholders record the the company
July 81 1891 p. in the proportion of ten per
40 per cent? Of their several holdings.
Stockholders subscribing under foregoing privilege
shall nov $40 per the date Of subscription, recev
Ing temporary receipt Of the company therefor and the
remaining $50 against the delivery OF the certificates Of
stock on Aug II, 1891 representing their several sub
scriptiOns.
subscriptions will be received ut the Office Of the
compnny, 12O Broadway, Sew York City, up TO and
July -. S91. o'clock r NJ, after which
time the right subsc ribe will expire.
Notice where subscriptions be made and paid for in
London England, wiz be duly announced and published
later.
Receipts for fractional amounts Of stock will be ex
changed for stock upon final payment only when presented
in amounts Of $780, multiples thereof.
All rights subscribe for such increased stock VII
cease unless each subscription IS made above provided
On failure TO make payment full within the time
vided all rights will be forfeited.
Forms Of subscription and all information in reference
to the above be obtained at the NewYork Office Of the
company.
BY order OF the board
(slgned AUGUST BELMONT,
Chairman.