Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1894-03-15
HOgg's Latest Move.

the option papers as presented to
the preferred creditors of the o. P.
company for their signatures:
In consideration of one dollar,
lawful money of the United States,
paid to each one of the undersigned
on his signature of his presents, the
receipt whereof is hereby respec-
lively acknowledged and for divers
other good and valuable considera-
tons, each one of the undersigned
creditors of the Oregon Pacific
Railroad Company and of either OF
the former or present receivers
thereof, I. Egenton Hogg, +. w.
Hadley or Clas Clark, hereby sells
and assigns to I. Egenton Hogg,
OF Benton county, Oregon, or his
assigns, the right and option to
purchase at any time before the ex-
piration of one day after the sale of
the Oregon Pacific and Willamette
Valley & Coast Railroad Compan-
les, their properties and franchises,
which sale is fixed for on or about
the end day of June, 1894, the
debts respectively due each one of
the undersigned from the said rail
road companies ht either of them,
or from either of the receivers there
of, on the following terms and con-
ditions, namely,-36 per cent. Of
said debts in cash on the day of the
completion of the purchase of said
properties aid franchises by the
said I. +. Hogg or his assigs, under
the said sale on or about the end
day of June, 1894, and 81 per ceiit.
6f each bf said debts in first mort
gage interest bearing bonds of the
new company which will be formed
by the said 7. +: Hogg, and his
associates, to take over the said
railroad, its properties and franchis.
es, i'll case the said y. +. Hogg, his
associates or assigns, purchase the
same, the said Bonds to be part of
and equal in rank and priority with
the other first mortgage bonds of
the intended new company. Itbe-
ing further understood and agreed
between each OF the several signers
hereof and the said T. L. Hogg
that the agreement to purchase the
said debts shall become binding on
him or his assigns if aud as soon as
he or they shall cause to be mailed
to each one respectively of the sign
ers hereof his or their written or
printed acceptance of the option
hereby given at the present or last
known place of abode. And in re-
lation to the said p per cent. of
such debts to be paid in first mort
gage bonds of the intended new
cotffpany. 1t is understood and
agreed that two OF more trustees,
resident in Oregon, shall be APP
pointed by the said 7. Egenton
Hogg, with the approval Of the
Judge Of the circuit, court Of the
state Of Oregon for Benton county,
to whom the aggregate amount of
such bonds shall be issued, and who
Shall be charged with the duty of
realizing them in their discression
to the best advantage, and distribut-
ing the; proceeds, pro rata, without
deduction, among the parties en-
titled thereto under these piesents.
->.s--<. .l-T--I-- c,.,
The poPsulists Of Benton county
held their county convention at
Corvallis last Saturday. The CON
vention was attended by I6 dele
gates. Jas. Bruce, c. Vanderpool,
J. Whiteaker and c. Skeel were
elected delegstes tS the state con.
vention; aud other nominations
were made as follows; F. Dodele,
representative; f, A. Chenowith,
county Judge; Willard Price, ,,sher-
if; X. Logan, assessor; d. Wander
pool, commissioner The conven.
ton decided .pot to make nomina-
lions for the Offices of clerk, re-
corder, treasurer, surveyor, =, school