Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-06-13
TERMINAL REORGANIZATION.
Limit of Time for DepositinE II. s. ID. and
Ga. Pacific SecuriticI
tBy telegraph 10 the Dispatch.l

New YORK, June 12.-The reorganization
committee of the Richmond Terminal
Company requests holders of securities or
the Richmond and Danville and East Ten
nessee systems to deposit them at the
Office of Drexel, Morgan Co.. No. rs wall
street, New York. receiving therefor their
negotiable receipts, exchangeable at any
time for reorganization cerihcates couh-
tersigned bv the Central Trust Company
OF New York, which company will act as
the custodian of all securities deposited
for the purpose of reorganization. Securi-
ties not deposited with Drexel, Morgan ~
Co. will not be entitled to participate III
the benefits of the reorganization.
Messrs. Drexel, Morgan Il Co. announce
that about 80 per cent. of all stocks ana
bonds of the Richmond Terminal Com,
pany have already been deposited and
that the outstanding stocks and bonds
will be received up to June oath, but only
on payment OF the penalties OF 90 cents
per share on common stock. 81 per share
on preferred stock, and $50 each on and
s per cent. bonds. They also announce
that the first call of $l.50 per share on &C:
count of the assessment on deposited
common stock Is payable, at their once
June 20, 1888.
The following circular regarding the
limit of time for deposlting Richmond ana
been issued Pursuant to the provisions
of the agreement dated Mag /, 1888. for the
reorganization of tue Richmond and West
Point Terminal Railway and Warehouse
COMPANY and ITS subordinate companies.
notice Is hereby given that the committee
therein named has limited TO June ~, 1885,
at 8 O'Clock p NJ. the time OF the &C
ceptance of said agreement by hold
ers Of the consolidated mortgage
a..
and Danyllle Railroad Company and the
bonds and stock of the Georgia Pacihc
RAILWAY Company. Under the provisions
of said agreement the outstanding con.
solidated mortgage b per cent. bonds OF
the Richmond and Danvllle Railroad Com
many. the first-nortgage 9 per cent. bonds
of the Georgia Pacific Railway Company.
the income mortgage bonds or the georgia
Pacific Railway Company. and the STOCK
of the Georgia Pacihc Railway Company
must, therefore, be deposited at the once
New York. not later than June az. 1893. at
8 O'Clock p. NJ. Deposits after that date, II
accepted, will be received only upon such
terms as the company shall deem MT. In lieu
OF the 5 por cent. IN preferred STOCK
allowed the holders Of Richmond and
Dapyille per cent. consolidated bohds
deposited under tho plan the COMPANY
will allow per cent. on completion OF the
reorganization. The basis OF IN ADJUST
ment has been determined upon IN re;
spect TO the income bonds and stock OF
tie Georgia Pacific Railway COMPANY.
which, under the plan in Its original sorm,
hos been deferred for future action and IN
connection with the said adjustment and
a. a part thereof the provisions OF tho
MAN in respect TO the Arst- and second
mortgage bonds of the Georgia fscinc han.
vay Company have been altered pursuant
r. The Arrangement made With holders OF
= msionty amount Of the AFst- and second-
morfrsec bonds. The complete and modi-