The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-06-20
RICHMOND TERMINAL
REORGANIZATION,

| CLERGY and Chester stock.
First Mortgage IS
co!uinu - and Uresnviiie Is, No-ts,re rs
dc. DO. ID Mortgage Ta
CiarEvtile md North ca roiina lst Mort. "a
oxford and ciirksvtlie ist Mortgage 6s
Nor,hvesterI. North Carolina list Mort 6a
srArtansurx Union and Columbia LIST Mort "a
AshevIlie and partsntrur. LIST Mort ga
Northeastern oil Neorsai LIST A5rt "a
ian~IU. and we,SeEn Is; Mort. "a
Eo.uell l.t Mort. ~
Macon and Northern lst Mort <iSA
GeorEiA Pacific lst ,rt. "a
Co. ,ou>o. NAai ed I'd Mort. 5S
DO. income Mortgage BcndA
Stock.
Ras, Tennessee N!Tg!nla and Georgia improvement
and Ecu:pEaen:Ss.
Firsi Extension SIS.
General Horigsze5.
enc matt Extension -
Memphis and Ch ar-sion
COntoL GcrteaKe -. nos 3 to <Ioo
Mortgage Us q. 1854.
Iouisviic Sou;ha-n l!rst Nor: eage Ia
Mobile ana 3i:inn cham Fiat A6rsa:sSS
last Tennessee. h-snia and sorgia
First Preferred st 1cG.
Second Preferred stock.
Common stocS.
Copies Of the s.r.et and rhan OF reorganization
OF tie abovede.e-ib-c properties ready fo- dis.r
button. aud ali holders are invited TO obtain
them from the eeros;s:tes Nessrs. DrexcL Morgan
Co. or from any member o; tir Committee
All holders OF ;l.e above securities notified to
deposit h.nI the Office OF Dreoe. Morgan l. Co. No
20 Wall ST.. New YcrA receiving hereto. thei. neeo,1
allie -ec-ip:s exchAngrabl- any for reorsauzA
ton ccrt.tcatcs e"uuters,cned by the CeairA Trux
Company % New York. which company will act
custodian G. all securities de posted the purposes OF
the REORGANIZATION
securities no: deroe.t with rre-eL Morgan Co
VII; be entitled to participate Z, the benefits OF
Reorganization
NJ Ne IN n 0rE fo No
o. Richmond and Dauv.ile = yer cent Cons,
bonts deposited under the plan. ths Committee VIII
allow Per cent n cash on Complexion OF the Eeoszaa
zatlon-
AUss!s OF easement has been determined upon in
resIect'o Ae income EOnds and stock q the Geons
Pacific hallway COMPANY which. Der the plan
orgi;a had been deferred for fuuro action. and
in couLnctIon with .ail Adjustment and part
thereof th- provisions o: :ae plan First
and secorsl Mortgage Bonds OF the Georgia Pacific
Railway COMPANY have been altered Pursuant TO
rangetnent u AIDE with holders OF majority IN amour,
c: said FIRST ani second Mortgage Bonds.
The compl se and modified adjustment proposed for
securities o. the GEORGIA PACIFIC RAIL
WAY COMPANY is as follows:
First Mnr,cnSe Bond. TO receive rsteress
:. per cent In casa and per cea,. In pre-
fe-rcd stock OF the New Company for aye
years from Jan. L. 1888. and at per cent. In
cast, there after. Their present morEe age lea
remain undIs:urbed Except Iaterest
as above, II, In order to carry out this
arrange ent. foreclosure be found
sary. nrrr boads OF equal lien to be ssbsti-
tutcd.
Consolidated Second Eo-tesEs bonds to
receive 125 per cent. In prefesred stock OF
the New Company.
IncoE,s Bonds to receive ~ per cent. n
preferred stock OF the New Company.
stock to receive 30 per ceat. In eommon
stock OF the New Company.
copy OF the plan @: reorganization. with these atd
.tns and changes inserted :nesein has been ried with
the de los:tarieS
II additions ana changes sub. ect the right OF
abandonment: by the Committee II objected is. as n
thea. geeE!eIt provided
A modified Adjustments proposed for bonds OF tho
Ca.Gul1;a AHc G-eeavl!:e Railroad Company and for
the Improvement and Equipment bonds OF the Eas:
Tennessee virginia and Geo:.ia Railway Company
and sls hss been accepted by majority In aHelnt
Of each ,ca5s OF tho bonds mentioned. and tol
lows:
COLI d BIA AND GREESVILLE RAIL
ROAD COMPANY.
First No -tSa=s Bonds to receive interest ~
s per c-;a:. IN cash and per cent. tn prefer
red stock. OF the New Company for hye years
from January 1, 1903 aud AT per cent. In
cash theseafter. Their present mortgage
lien to rem ain undisturbed except TO In
terest rs above. or II In order 10 carry OUT
this arranaa cmeut foreclosure he fouad neees-
sary, new bonds OF equal lien to be substi-
tinted.
ec,nd Mortgage Bonds to receive 1eS per
cent. in preferred stock OF tho New Conpany-
EAST TENNESSEE. VIRGINIA AND
GEORGIA RAILWAY COMPANY
IMPROVEMENT AND EeCLF.
MEST BoNDS.
Principal OF present bon's to be rosiueed to
80 per cent. ~ present Am punt, the Prinei-
pal reduced to brar Interest at 4 Per cent.
for
per cen1. thereafter. the pre,ent mortgage
lien 10 remain ,disturbed t,xeert TO
duct!on Of principal and Interest ss abov-).
or u In order to carry out this arranEomeAt
foreclosure he IoE nd necessary, new bonds OF
equal lien ON the above basis TO DO substi-
tut~d.
This coupon which mntured March lsts
1893, viz. SIS per bond, to be purchased At
Its face value, payable on completion OF she
REORGANIZATION.
In addition to the above, Improvement and
Equipment Bond. to receive so PER cent. OF
their present face value In preferred stsek OF
thr New Company.
This makes - total for each Improvement and Equip
INT bond Ot
- peg In bonds having present lien texespt A.
aboY or lien eiua thereto. an hearing interest at
Ier cont for Years March J. 1898. and at per
cent. aereafier.
20 per 'rnt In preferred stock OF the New Company.
80 IN cash on completion OF the reo.SAni.Asion.
coy OF the Ian or reorganization. with these
changes inserted therein has boon nei wath the do
posttar;es-
The chasges ere subject TO the Tght OF Abandonment
ny Tie co nn'iss objected to. as in tho agreement
provided.
my further inform alton
with the reOr-
saEaixation which may be
desired by security holders
WEE be furnished on appli-
c;s:iGn at the office Of Drex-
es. tEOrSan & Co. 1
The Committee reserves rsst the rght to ts-mL,
nate st any time the privilege Of dsposi;ing as aboVA
DREXEL, MORGAN G. co.,
Depositartes.
Grni.Sg1GsTEEEEp lcomm,,,..