Kansas City daily journal. [volume] (Kansas City, Mo.) 1892-1897, 1895-04-10
PLAN OF REORGANIZATION.
now THE SANTA re WILL AGAIN re
rur ON FIRM GROUND.
hn Agreement Has been signed by
Those Interested and viii Be Put
In Eject Western Rates
Dcmorsiizcd.

New York. Apri e.--Thc Atchison re-
organization committee issued their plan
to-day, which rs signed by all the members
ot the joint executive reorganization COM
mittec. ana which has been approved by
the New York general reorganization COM
mittec, the London boudholders commit
tee, and Hope x Co, of Amsterdam. acting
FOR the Dutch bonlhol1crs The plan pro-
posed to furcclosc tho general mortgaEc and
other mortgages. f deemed desirable. and
vest lhe properties acquired at loreclosure
SAFE ~ "a new COMPANY. Tho cnpitali2a-
rvoi sanitation. VIII compare as follows
win thy present l-ur'st
with nNrd interest OF S.sN,t23 and per
cent adjustment bonds SjI,i2N 3ll. non
cumulative. untl after july ]. leUu, IN place
OF present general murtgage Is amounting
t9 $l29St5U6 with fixed interest of &l12,-
second. New per cont non.cumulatlve
Pr terret stock, Sii iS5.a5l. n place of Si7;
r'ty,O second mortEage ~ bonds. with
mortgage ID bonds, with fixed interest OF
Hivup ana N233,Ni income bonds teN-
$55.l'iI w " - % "''' ''N''' '"''' eS' y
lhitd-NGw prior per cent bonds, sl3
O4l,A4, with hNCl interest Of $3.50 SIG, In
place OF @WOVuJ guarantee fund per cent
notes. with $4,000 fixed interest, N15prn0
equipment trust series ~ . per cent
~ equipment lease warrants.
Fourth-Now common stock of tl02,e0CoO
q
capital stock. The Chicago u St, Louis
nrst mOrtgago Il per cent bonds, amounting
10 $l22pV with $~gp liked interest may
be left uuliSturbDi. The capitalization un-
der Inc reorganization Will amount TO $5i1,
2tN.-oN, with hNnd interest Of Sizes 80
AGAINST an existing cdpltalizau uon ul ,vvJ.-
5p5 ,2il. with fixed charges of $e536, ,usS
Under The plan, the Atchlsou general
mortgage { per cent bonds. with the coupon
OF January +. 1898, ana ali subsequent Cou-
puu5 thereto attached, VIII receive 20 per
cent Of lhe principal IN new general mort
me- rtN' lf.
nE interest from October l. 1895. and 30 per
cent Iu ! per cent lpn-ycar adjustment
net earnings non-tumulsjiye to July /, i965
and cumulative after that date. Atchisun
pou OF April l. lN9i, aud all subsequent
coupons attached, will receive ll3 per cent
Of their par value in per cent non-cumulu-
tive paid stock of the new company.
The bonds are assessed ( per cent. of
which per cent must be paid at the time
of deposit and the remainder when the
AtchSon per cent second mortgage bonds
class B. with coupon of April /, 1894, and
Atchson income bonds of 1889 with coupon
of September I. 1891. ana all subsequent
of their par value in me new company
preferred stock These bonds are assessed
per cent, TO he paid under the conditions
come bonds of lSS9 Atchison capital stock
Is assessed $lp per share, of which, 50 must
be paid at the time OF deposit. and the re-
maindcr in in-tallmeuts of not more than
s. each al intervals of not less than thirty
days, when called for by the joint eNecu-
for each 500 shares, ana assessment of
SO paid thereon Sloo In common stock and
$40 in preferred stock Of the new com
The new general mortgage is to provide
for the issue of ADDITIONAL general mort
gage bonds not exceeding the following
amounts.
one million five hundred thousand dol
lars to take up. If necessary, the Chicago
4 St Louis first mortgage per cent
bonds: 81 10000 for taking up the out
standing houds provided for under the
Atchison circular of October 10, 1859, con-
sisting Of various old liens: SlJ,5e0Oo0 to
take up existing guarantee fund notes,
equipment bonds and existing car trust
and acquisition of improvements and ad-
dltions, such bonds not TO be issued at a
rate to exceed 5000 900 Tor each fiscal year.
and S2o0oorNa lo be- used for the acQui,,
aul for the improvement of the property
= 4 l,assble issue Of Si7ooooao prior lien
bonds is also provided for. with view
ing or paying existing guarantee notes.
equipment bonds and ear trust obligations
and for setting apart fund TO insure
Tho plan also reserves the right to IS
sue S2tu0U0o1 preferred stock for the ac-
QUESTION and impr@v"m@nt Of m" ~
enc and Colorado Midland railroads Am
pie provision I- made for the protection
of security holders ion case OF the issue
of any Of these authorized SECURITIES
furnish tho company with S2.1f1Gi for
fIolttn- debit r,otlyH~s' certificates and
working capital ior me nr% company,
Deposits 0f securities under the plan VIII
ba RECEIVED simultaneously by tho icpos,
It0rs iu New Yuril Boston, London and
Amsterdam, hegnune with Aprl l3.