The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-04-07

OF THE
Brooklyn Elevated
Railroad Company.
TO THE OF
First and Second Mortgage Bonds
m Coupons and Stock of the
Brooklyn Elevated Railroad Co.
First Mortgage Bonds and Coupons
and Second Income Mort
gage Bonds of h
Union Elevated Railroad Co.
First Mortgage Bonds and Coupons
of the
Seaside & Brooklyn Bridge Elevated
Railroad Co.

Notice IL hereby given that the underlined Com
mittee have completed q plan and agreement OF re-
organization. copies OF which may be obtained from
the CENTRAL TRUST COMPANY Of New York. 81
Wall Street. New York city.
PLAN OF REORGANIZATION.
The mortgages are to be foreclosed and tho proper
ties purchased by the Committee. who will cause a
new Company to DO organized 10 acquire tho property
and franchises of the old Companies.
The new Company will issue the following
NEW ECURITIEgi
$4,000, 900 First Mortgage Bonds,
bearing interest at 4 per cent. until the year 1908
and o per cent. thereafter; principal and interest
payable in 1850 in United States gold coin of pres.
ent standard; interest payable in New York city
semiannually. Mortgage to cover all tho property
\ and franchises of the new Company. including after
acquired property.
5000. 900 Preferred Stock. i've per cent. noncumu.
lative.
$4,000 900 Common Stock.
Asserting security holders Will DO entitled TO cash
and new securities as follows:
Union First Mortgage Bonds. ~
$50 In cash for each coupon maturing ON
AFTERAPRIL 1. 1907. pending reorganization
$1,000 new First Mortgage Bond.
5000 new Common Stock.
Seaside First Mortgage Bonds, contributing to the
600 cash per bond. for each bond:
eco in cash for each coupon maturing pending
reorganization.
1000 new First Mortgage Bond.
Also 600 new preferred stock for such cash con-
! tribution.
Brooklyn second mortgage bonds. contributing TO
the Committee 5000 caah per bond, for each bond:
GA in cash for each coupon maturing pending
reorganization.
$500 in new INST mortgage bonda
$500 new preferred stock.
Also 5000 new preferred stock for such cash con-
tnbution.
Union second mortgage income honda contributing
to the Committee 800 cash per bond. for each bond:
$500 in new preferred stock.
$500 in new commons stock.
tribution.
Brooklyn stock. contributing to the Committee $40
cash per share Of old stock:
o75 in new common stock for each share Of old
stock.
S1o new preferred stock for such cash contribu.
ton.
c IN CASH WILL BE PAID ON AND
r FIRsT
BOND AND ON EACH UNION
RAILROAD p RIRsr
BOND DEPOSITED.
Cash contributions are to be payable a. called by
the Committee. New securities to be delivered whom
reorganization Is completed.
The holders OF outstanding nrt and second mort
gage bonds and stock OF the Companies arc requested
to deposit their holdings with the CENTRAL TRUST
CoMPANY of New York. under the agreement lodged
with that Corpany subject to tho order Of the under
signed as q Reorganization Committee. Negotiable
receipts will be issued for deposited securities.
When. in the judgment Of the Committee. a sunncient
amount of bonds shall have been so deposited. the
plan will be declared effective.
The new securities not required for the purpose Of
the reorganization arc to be held for future require
ments under conditions and restrictions referred to In
the ~greement.
NEW YORK. March IS. 1897.
y. r. Olcott.
Chairman.
James T. woodward. -
Charles Parsons,
Ernst Thnlmnnn.
Leonard Lewiston.
ADRIAN II. JOLISE, J. n. Sec,y.
Counsel. 81 Wall st.. n. Y.