The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-04-02
@inHufiR1.
TO THE HOLDERS OF BONDS
OF THE
Lake Shore & Michigan Southern
RaiIWa, Company


onuer a. asreement pet"eon aAe
michigan oou.ncrn Naiwas company ana ouIse,ves.
we make inc Iollo"ing oner OF ekcnhnse Ineo ~
so GENT ioo-hFsAn "oh" nONDS 70
the holders OF tho existing issues menuoneo oeIoW:
we VIII recciNe from tho uato hereot ONbsn
FUHEHEh NOEiCE' Bonds OF such issues ootn
Registered and Coupon the latter having attached
thereto oil Coupons maturing after June lst, 1877,
ana 'hereaiter ne" 90 per cent' bonus ~ tho prioe
OF lVst2 VIII DC dehNercd Tor the existing BONUS
upon tho computation m OF june ISL 1876 otoa
per cent annual interest," payable semh'nnnuapS'
VIZ
For every $1,000 q ERIE BAIL
ROAD eOMPANh FER sbNE' mOfeA-
sash nONU' que Apr' iS', 1910 worm On eo9
per cent. interest oasis as OF June lst' lost' W.
o4o'ool, the holder VIII De entitled. at iosH' 10
pi'oi4''V IN inc new 90 per cent bonus'
FOR every bi'ooo LAhH shottE RAILWAY
COMFANh . FER CENE. mohtTGhsk HOND'
que April Il lsVV C"ortn on q 90 per GEM. ineeres'
Dasi'' as OF june L. 1877, si,ofo.isl' inc noiner VIII
DO enti'ieu' Al lost' TO ei'o$"os IN tne ne" % per
cent bonds'
for every el,ooo LANE sfoseS MhOhas.AN
sOuhtahhN ha'h"an ". rEfN ohNl.
eONsOhhDATED mOhhshoB hhn shNhAsNs
FUND CoUfoN HoNp' que July l. isoo WORM ON
n Sio per cent interest OASIS az OF June l. les''
el.lSo'oo)' the holder VIII DC entitled ~ ioxia' 70
el.los.9s IN the new Sta per cent. Bonds.
FOR every Sl.ooo OF the same issue HEstSEhhED
BOND on which the April ISL. 1877 INTEREST 70
tno amount Oh ia per CENT. WI % co'ec'ou W
the registered owner directly from the RAILWAY Com
pany Cwortn Si.iso.oo' less if'oo-ei.Ilo.oo inc
ho'der VIII DC ehtiued. AZ iVsp' !" si'oeo.si IN the
new 80 per cent. Bonds.
For even ei,ooo LANE eilofaE q mIU'a.sAN
soutfsfsnS hAha"Ah 10. Fshh chNi'
sbcON" 'mVShSAeH hoND que Decemper 4,
lsoS (worth, on q va per cent. interest," OASIS az OF
Luna I IRQZ- Ri N Qll h MIDI VIII he
at lo2H, to Sl.lT2os In the new va per cent. bonos.
indorsed In piank' out all interest," thereon payable on
or before June i. issf' Will % cohected ana Dc TO
ceived by the registered owner directly from tho haii.
way Company.
Inc exchange Will DO made ~ OF tno nHt DAY OF
June. 1877, from whicn date the new Bonus VIII Dear
interest.
Inc VIEW bONDo 70 DO oeiivered oy us IN OK
change will DO part OF an issue for the aggregate
principal sum OF eoO.ooO'ooo to be made by tho
Lake SHORE ana Michigan southern RAILWAY Com
pany' dated June ist' ios'' ana payable june ISL
wv. with interest NJ the rate OF So per cent.'per
annum' payable eemi'ahnuai'yi DOM prlncipai ana
interest being payable In United States Gold Coin OF
the present standard OF weight ana nneness; ana viii
be secured by q mortgage ABOUT 70 DO made oy tho
Railway Company.
The MoRTGAGEw iiprovide that all OF the above
Issues OF existing oonos arc 10 DO paid NJ maturity 80
that Thereafter the new sa per cent BONDS VIII DO
secured by n First Mortgage upon raiiroads' ieasehoid
tnterests' equipment, franchises, and income now
owned or hereafter ACQUIRED oy the Lake shore g
michigan southern railway Company. unul the
complete satisfaction and discharge of each Of the
existing mortgages ABOVE mentioned the oonds 80
cured ny snch mortgage VIII DC heid oy the trustee OF
the new mortgage ana Will be Kept alive rs additonai
security Tor the new Bonds TO De Issued thereunder.
upon every exchange resulting In the rgnt OF the
depositor 10 receive a fracuon OF a new Bono. we Will
ouy such tracuon AZ the price OF lo+' or. ~ the option
OF tine depositor' we viii sell 70 MIN AZ the same price
the iracton necessary 70 compete q soma TOT Sl'ooo'
In exchange Tor each deposit OF existing BONDS, we
VIII Issue our HECEiFT' showing the description
ana amount OF such oonds deposited. anu the
amount OF cash received from or PAID 10 us Win re-
spect 10 any traction OF q bono' and the amount OF
new Bonds to which the holder will be entitled.