The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-04-02
To nj D or
First and Second Mortgage Bonds
and Coupons and stock OF the
Brooklyn Elevated Railroad Co.
First Mortgage Bonds and Coupons
and Second Income Mort
gage Bonds of the
Union Elevated Railroad Co.
First Mortgage Bonds and Coupons
of the
Seaside & Brooklyn Bridge Elevated
Railroad Co.

Notice Is hereby given that the UNDERLINED Oou,-
mittee have completed a plan and agreement Of TO
organization. copies of which may DO obtained from
the CENTRAL TRUST COMPANY Of New York, %
Wall Street. New York city.
PLAN or REORGANIZATION.
The mortgages are to DO forcclosed and the prop,r.
ties purchased by the Committee, who will cause a
new Company to be organized to acquire the property
and franchises Of the old Companies.
the new Company will issue the following
NEw ECURITlEsi
o1o,000.0 600 First Mortgage Bonds,
bearing interest at 4 per cent. until tho ve,y 1oo.
and 8 per cent. thereafter; principal and interest
payable in 1850 I'm United States gold coin Of pres
emit standard; interest payable In New York city
oemi.annuaily. Mortgage to cover nil the property
and franchises Of the new Company. including after
acquired property.
%, 1000. 600 Preferred Stock, nve per cant. pon-cumr-
lative.
3,0O0.o 900 Common Stock.
Asserting security holders WIN be entitled 10 cen,
and new securities as follows:
S gn,on FIN, FIN, ssI 40,ssr Son Bonds and sors.oh bond,
$40 in cash for each coupon maturing ON AND
AFTERAPRn 4. 1897. pending reorganization.
$1,000 new First Mortgage Bond. :.
5000 new Common Stock.
Seaside First Mortgage Bonds. contributing % tho
Committee 800 cash per bond. for each bond:
$50 In cash for each coupon maturing pending
reorganization.
$1,000 new First Mortgage Bond.
Also 600 new preferred stock for such cash cor
tributon.
Brooklyn second mortgage bonds, constituting -
the Committee 5000 cash per bond. for each bond,
sl+ in cash for each coupon maturing pending
reorganization.
500 In new nrt mortgage bonds.
$500 new preferred stock.
Also 5000 now preferred stock for such cash con-
%tribution.
Union second mortgage income bonds, contributing
to the Committee e1oocash per bond. for each boadi
5000 In new preferred stock.
$500 In new common stock.
Also 500 new preferred stock for such cash CON
%tribution.
Brooklyn stock. contributing to tho ami o1o
cash per share Of old stock:
S7o in new common stock for each share Of cid
stock.
o10 new preferred stock for such cash contrfbu.
$50 Nv CASH WILL BE PAID ON AND
AFTER APRIL 1. 1907. ON EACH
FIRST
MORTGAGE BOND n ON EACH UNION
ELEVATED
MORTGAGE BOND DEPOsITED.
Cash contributions are to be payable a. called BIZ
the Committee. New securities 70 DO delivered vhen
reorganization is completed.
The holders of outstanding nrst 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 iodRed
with that Company, subject TO the order OF tho under.
signed as a Reorganization COMMITTEES. Negotiable
receipts will be issued for deposited securities.
When. in the judgment OF the Committee. q SUFFICIENT
amount OF bonds shall have been SO Deposited, the
plan will DO declared effective.
The new securities not required for the purpose Of
the reorganization are to be held for future REQUIRE
ments under conditions and restrictions referred % In
the agreement.
NEW YORK, March rs. 1897.
y. r. Oicott,
Chairman,
James =. Woodward.
Charles Parsons. Sen"~
Ernst T~hnlmann,
Leonard Lewisohn.
ADRIAN Il. JoLINE, J. n. WALLACE. sec'y,
Counsel. 81 Wall st., MI.