New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-03-27
flilanCla..
TO THE HOLDERS OF BONDS
OF THE
Lake Shore & Michigan Southern
Railway Company.

Under an agreement between the Lake SHORE and MICH
san Southern Railway Company and ourselves We n.
the following offer q exchange INTO NEW w T"'.
CENT. fcO-YEtV GOLD UONDS 10 'he "o
the existing mont med below; ,,
We WIZ receive from the date hereof tNi'h
FURTHER NOTICE. Bonds Of sum ISSUES '
Registered Coupon rhe after having a'''c"e' W.
al Coupons ma,urng after June LIST lse'p ana tn"rei
rew ~ re- cen, onds At the price " 1921 VIII be &c
,ercd ,or the existing Bonds upon the cornp"'''''
Of June ist 1897 ~ 3s per cent annual interest
sent annually. VIZ: ,,uo.D
For every 900 BVFFALO & ERIE RAILROAD
CoNpa>y :, FER CENT. MORTGAGE EoND'
due Apru ls 1875 xorth ~ per cent interest pas'
as 81 June i., 1897 OG) the holder will he eh'
at Io2a tos10I47o in the new -. PEI cen'. "'n',
FOR every $1,000 LAKE SHORE RaILWA '""-
PANY PER CENT. MORTGA'r ""N". '"
April l. 1899 'worth 3's per cent interest," p"ss "
Of June 1897. si.o3 49, the holder viii be en'"e' "
loa,s TO si.o47o2 the new 81 p"r cont honna.
-. every $1,000 LAKE SHORE MiCHinnn
SOUTHERN RAILWAY co. 70 fONso|'pN .I-n
MORTGAGE AND SINKING Fund 'otFoN
RO>D due Ju.y l. 1890 ,wor;h on 3'a per cent IN
,ere-t basis Of June l. 1907. sl3oo0. the ho'e' wiz
be entit 1929. to sio2os IN the new 80 PET ''"'
Bonds. .-,,,.r
ro- every 81 600 % The same issue REGIsTERED
nOXD on which the Apr, Isr. 1907 interest 10 the
amount Of ia per will be collected by the reSse
owner DIRECTLY from the Railway company worm -
1so5 80 less siIEc-sii3c6'. the holder VIII be eh''e'
At lO., to 81 Osaal the nau 3i9 per cent bonns.
For every 81 600 LAKE SHORE & NICHi'AN
SOUTHERN RAILWAY co. 70 SECOND MoHT-
GAGE BONE. due December l. 1909 worth on '2 p1'
cent Interest basis Of June !. 1871 SiZol"i' inc
holder VII, bc entitled o2a to s1i7259 In the new
3iz PER cent Bonds
We will receive Registered Bonds ony when duly en-
dorsed in blank. all interest thereon payable On ~
before June 1897 will be collected and be received ny
the registered owner directly from the Railway Company
The exchange will be made Of the first day ~ Juh-
1897 from which Bonds VII bear ineres.
The VIEW BONDS TO be delivered by us In eHchahfe
will part o, tor the aggregate principal sum
so Coo he made by the Lake shore and Michigan
Southern RAILWAY Company. dated June LIST. lso'' ana
payabls LIST 1927 With interest at the rate o. Sa
per cent, per annur payable sent Annually b7:h p-n
cha! and being payahe in United states Fo'
Coin O, the present ~ weight ard fneness and
will he secured by mortgage about 10 he maze Dy III"
Railway COMPANY
The MORTGAGE will provide that a.. ot the above
issues Of existing bonds he pad al maturity so
that thereafter 3iaor Bonds VIII he secured by
FRS, Mortgage upon railroads.. easehod interests equip
,nent franchises. and income now owned or hereafter
acquired BY the Michigan Southern Railway
Company. Until complete abstraction and discharge
OF each OF existing Mortgages above mentioned tho
bonds occurred by such Mortgage VIII be he'd by tie
Trustee Il Mortgage and VII be kept alive as
add tona security Bonds 10 6e issued there
under.
t'pon every exchange resulting in tire right n, the Dc
posIto- to receive fraction Bond We will buy
such the price Of ioi or at the option Of TIE
depostor We will the price tho frac-
to compete Bond for si.""
In exchange flr deposit Of existing Bonds. VII
issue our RECEIPT, showing the description and
amount such bonds deposited ard the amount OF cash
received paid with respect TO any friction
Of a Bond and the amount Bonds to which tho
holder Will be entitled
The existing Bonds deposited will be lodged BY
US with the CONTINENTAL. TRUST COMPANY. % III"
city Of Nex York. which will ho.d the same as Gus
tod.an under an aereemen, with for protec
ton u all parties Upon presentation OF
Receipts . Trust Company after the day
following the date thereof will stamp the same to the
effect that II holds under said agreement with us
existing Bonds amount and description stated in
such Receipts respectively.
The Trust Company Will retain all existing Bonds 50
deposited with It Oness Of rcexchanse herein
new Bonds be issued nv the Railway Company; and
after such new Bonds shall be received by it, will de-
liver the upon surrender ot our Receipts
calling for equivalent amount
As soon as the Bonds are legally issued according
70 our Agreement, with the Railway Company. due notice
vii be given thereof upon presentation and sur
render o, our Receipts Office the holders Will DC
entitled the said 31 per cent Cold Bonds
as stated therein.
II for any rea Railway Company shall rot have
delivered the proposed new before the thirty
fire, dav ~ July 1897 then and such existing
Bonds deposited o. the amount and description
stated In our Receipts will through to the
holders upon surrender thereof repayment being made
b the respective parties II he amount Of cash received
as set forth said receipt
NEW YORK March 30 1897.
SPEYER s. co.,
3O BROAD STREET