The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-09-30

sson az said rev company. ana Dpon
tz.z-s<er 20 r 81 the riant en5 fran
r. 1ar.ffsl stoot which shall 20 ara
ssasssna4egf Of IN the following way and
~.rsnrtiors. to-wif-
arF coating debt claimants. corn
ssr ts~aunder ard corpoi-inR herewith.
- - -eoefve IN said stock 30 per cent Of
sss- -as ss..so-l,hoISe-s IN said Seattle Con-
| asa.af greet Railway Company. Who
| a. hereunder and cowniv herewith,
s~1ss,e On said now stock - per cent
| So nar value ~ their ald stock.
.. rsne reraaiuder Of said new stock shall
Ass, IN the Treasury ~ the new COM
.,,tfer4 TO tho coruorgte purposes
-. e. - cav the rresent first ard sec
-&-srara bondho1Sers and floating
| -. -lsf--aufs ard holde-s Of sfock In
- Seattle Consolidated Street Railway
r-,.rv coming ~ hereunder arf com
t...~ te<e-vsth will receive as follows
,ne ~resert fraf rno-teare bondhold-
| -r,fi receive dollar for doiisr IN new
~ re bonds as nrovs1eS for In
a-srh a above an9 also receive sec
- r.or.rage serfes income bonds. a.
y. ra.e above named. for their dehesency
!. t.+srest during the four years folioW-
- fs~safser :. 1s*s-
Ar honAhoiders and floating dett
.ssra-te who nav the eaSN assessment
s.frafsa~ provided for VIII receive dol
=. ~ dollar NJ their caeh uavueuf. as
r.~. VIZ n per cert iri gaf7 new first
s1..+ga~e bonds and The remaining - per
=. N safs second mortgage. series A,
csaerd mortgage bonahoiders and
<..sgrg debt claimants. coming I'm here
so ard complying herewith Will re-
- N v,sr cent IF the face valve ~ their
| ..ssTrgs in Tho new series " income bonds.
- y r.sr cent of their said holdings in
=. s.cck Of The new comnanv
I'VE ssn~khoidars Of the Seattle Con-
ss6ates street. Railway Company, uDon
sr-,srg IN hereundn- and having their
s..s assessment will receive therefor
10y IN the new cor1panv ~ the extent Of
go rent Of their old holdings Of stock.
essonS Tho Illinois Trust and Savings
80 IN chicago Illinois viii oct az
s--.s.ee IN tho matter ~ the adjustment
,.,shv rroviaeff fnr and issue negotiable
.e~siofe n fhe usual manner and form for
- binds end stock depnsit"d hereunder.
sss siea acknowledgements for the assign
,s-te ~ claims.
ra- convenience this Instrument viii he
svsraiea in various parts. ard said parts.
.ssr dsnoeffaa witch ea'd Illinois Trust
81 Savirrq Rank shall constitute ono
fs~trrrnen+ and 10 2 sufficient agreement
- frlis' under which said tr1ste" NAV 70
sevn recent for. uoe and diaoose or the
Asnds couonfls. stock and claims deposit-
- eth q 81 pursuance hereof: said trus-
Zee h4irQ expressly authorized hereby 10
re and disoaee ~ said bonds. commons.
ssort auf e1afr0g uDanr ard In accordance
vgsh tho written orders Of the committee.
srA not 70 he liable IN the premises N any
rasa or IN anv event. unles-s " shail have
sefe5 IN BAD faith. and said trustee shall
- entitled n receive reasonable compen-
.aaon for its services as trustee hereun-
Ger
Third All IA rites denositing their se~ur-
pies stock and claims hereunder shall at
me same time comply with the following
conditions.
| ! The owner Of each second MORTGAGE
knnf shall upon denositng the same with
the Trustee togother with all overdue
eoupons attached. pay to the trustee the
an floating debt claimants shall upon
aanAsltinr assigrme0tS ~ their clairns
nay 20 the trustee Herewith in cash 10
off tsa ri la m
AZ hoiSnrs Of stock in said Seattle
Consolidated Street Railway COMPANY de-
posting their stock hereunder shall there
With nv in cash n the trustee ~ per
cent 81 the mar value Of their stock re-
srfetivelv denosited.
Said cash being needed 10 nav the OK
nerses az foreclosure and CONTAMINATION
and for the protection and care ~ the
pronertv: and the committee heinz hereby
evnressly authorized 10 have and receive
from the. Trustee and 20 use in such
amounts and ~ e1icb times ard IN such
manner as they shall deem best the said
cash payments for said purposes Of fore
closure reorganization, and protecting
and caring for the pron~rties. including
exnenses already Incurred
Fourth Notice ~ this nlan Of adjust
ment shan he published AZ least once in
sarh week for two weeks I'm two daily pa
aers In the city Of Seattle. and I'm such
shsr newspapers as to the committee
II AZ the end 81 fifteen days from the
srst ~ said publications any Of the sec
fFa EprfE1gc h0nhhntderS or Heating dent
Flslmerts shall have failed 90 comply
Nsresf.h then NJ any time within ten
s'ys after the expiration Of said Fifteen
ssFs any Of those who have complied
h~awi.h NAV AZ their election be sub
sffnfAf for tho second MORTGAGE bond
Aafers and floating debt claimants or any
q them who have failed 70 come IN here
rider and comply herewith upon paving
re same cash assessment 90 hereunder
rauls have been required Of the person or
Ntrsons 40 I'm default md for whom they
s-s respectively suhstituted and II ~ Tho
ri ~ said twentv-five DAVIS from said first
n'eicstion thNre he s'iii default on the nart
y fhe second mortgage h0udh0lders and
saanr debt claimants in complying here
with. then the first mortgage hondholders.
q anv ~ them. may at their election be
Substituted for the person or persons SO
sin IN default upon having the same cash
assessment as would have been required
hereunder Of the person or persons for
whern substitution &c thus made but upon
sncA terms and with such notifications as
e The committee shall seem necessary.
Fifth Tho committee shall be the sole
hfFe whom and whether a sufficient
amount az bonds. claims and stock have
hesn deposited 10 make the plan operative,
- shaN have mower to abandon said
ran and this agreement. IN which case
ias securities and claims S"pcsited with
ne trustee IN accordance herewith shall
= returned 20 the respective owners upon
'Ns return Of the receints issued therefor.
anf upon payment or their pro rata share
M The eaSOnahle charges and eNnendi-
N-es Or the trustee ard the committee.
t0f f0FrfrfffNp SRdH nave power 10
ehanee or modify this plan 81 reorganiza-
tan " in their Judgment deemed neceS-
wv nut IN case any such change or mod
FuoN Is made. copy thereof shall he
Ted with said trustee and a COPY sent hv
lsglstered letter 70 the postoffice address
= each party hereto. AMI any party rot
a'ecting I'm writing wiz hin thirty DAYS ar
Ff such mailing shall he deemed 20 have
sssnfed % such change or modihcationi
40 any marty hereto Oh inctine within
sch thrtv Savs may withdraw his bonds
= Fialna nnon FIRST having his PRO rata
,ste ''
The committee shall have mower 90 take
- In all legal proceedings and - IN
ale new ones ard 20 take any action
behaf cf Tho dopositinE SUBSCRIBERS
.,ftn IN pursuance 90 the tnfcrf hcreot
1Rn they Wight tRke as individuals or
- body. ana - make in the premises
lch RfTa 0rcnNuts on their behaIt as
p ne committee shah seem advisable.
$50, The c0rO nittos is expressly author
- - purchase ths property on fore
kF.re or other sale on behalf - The
safhol3ers assenting hereto. the amount
ferFait'ee
also fhe committee IS to construe tte
.,Ns'ons % 'his pian 81 reorganization.
- 'hetr construction o. the provisions
800 shRll be aual and they are author
- 70 anDulv any defects in said plan
rv 81 their Judgment % carry Y
eT"rfive'v. aud tho enumeration o.
:, ne pcweers shall not limit or restrict
- Erneral 0owaFs looking 90 the fore
&c TeorreNizn ff0n. caring for and
..,rtNg ~ she prDOertieS in question.
~. rfnd and intended % be conferred hY
Instrument
Member ~ t1,, ,.,-.,t.tco ssaYi NavA
noN7r wifh TIE consent OF the other
A.. 80 - name iu writing proxy -
'oF BIN IN case a. his absence h,it
49, toNN must nnt then be a member