New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-03-29
fiuauridl.
REORGANIZATION
OF THE
Brooklyn Elevated
Railroad Company.
TO THE HOLDERS OF
First and Second nortgagc Bonds
and Coupons and Stock OF the
BROOKLYN ELEVATED RAILROAD Gu.
First Mortgage Bonds and Coupons and
Second Income Hortgage Bonds OF the
UNION ELEVATED RAILROAD co.
First nortgage Bonds and Coupons OF the
SEASIDE & BROOKLYN BRIDGE
ELEVATED RAILROAD co.

Notice is hereby given that the undersigned 'or"'es
have completed plan and agreement OF reorganization.
copies OF which may be obtained from the central iru'
Company OF New York Wall Street. New YORK cry.
PLAN OF REORGANIZATION
The mortgages are to forecosed and the properties
purchased by the Committee who will cause new con'
pany Re organized to acquire the properly ana i"
chises Of the old Companies
The Company will issue the following
NEW SECURITIES.
$40 100000 First Mortgage Bonds.
bearing interest at per until the year 1909 ara
per cent thereafter: principal and interest payable in
1870 in United states gold coin OF present stahnhru'
interest payable in New York City semi annually mort
gage to cover all property and franchises OF the new
Company. including after-acquired properly.
s5 Preferred Stock. five per cent noncumu'a'e
$4,000 coo Common Stock.
security holders Will be entitled 10 cash az"
securities as follows
Brooklyn First Mortgage Bonds and FOR each bond:
Union First Mortgage Bonds.
500 In cash for each coupon maturing ON AND
AFTER APRIL l. 1907. pending reorganization
$1,000 new First Mortgage Bond.
500 Common Stock.
Seaside Bonds contributing TO the Com
mittee 500 cash per bond. for each bond
$50 cash each coupon maturing pending reor-
ganization.
$1,000 new First Mortgage Bond.
Also 500 preferred stock for such cash con,ribu-
Brooklyn second mortgage bonds contributing to the
Committee $500 cash per bond for each bond:
St In cash for each coupon maturing penang reoE-
Canzatlon.
500 in first mortgage bonds.
$500 preferred stock.
Also $500 new preferred stock such cash conrbu-
ton
Union second mortgage income bonds. contributing 10
the Committee 800 cash per bond. for each bond:
$500 in preferred stock.
$500 in common stock.
Also 500 preferred stock SUCH cash contribution
Brooklyn stock. contributing the $40 cash
per share Of old stock:
SIS in each share OF old stock.
SO preferred stock for such cash contribution.
Cash contributions payable called by the
Committee New securities to he delivered when reor-
ganization is completed
bonds and stock OF the Companies requested de-
post their holdings with the Central Trust Company Of
New York. under the agreement lciged with that
pany subject the order undersigned a Reor-
ganization Committee. Negotiable receipts will be issued
for the deposited securities When judgment OF the
Committee. a suici mt OF bonds shall have been
deposited. the plan will be declared effective.
The securities required purpose o.
reorganization 20 be held for future requirements
restrictions referred TO in the agrse
mcnt
NEW YORK. March 25. 1897.
+. T.. OIcott,
Chairman,
james r. Woodward. Cour,.
Charles Parsons.
Ernst Thaimann.
Leonard LcwisOhn,
ADRIAN II. JOLlNE. j. y. WALLACE Sec'y,
Counse. "a Wall ST. n. Y