New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-03-26
findneia..
TO THE HOLDERS OF BONDS
or THE
Lake Shore \ Michigan Southern
Railway Company.

Under an agreement between Lake shore and Miohi-
gan southern Railway Company and ourselves W. maEe
tn. following offsr ~ exchange into NEW in rEi'
CENT. IOO-yEAR GOLD BONDS to the holders OF
the -. sting menti ned below
We will receive from the date hereof tNTIL
FURTHER NOTICE. Bonds ~ such issues V''h
Registered coupon uhr latter having attached -'
al Coupons maturing after st is,I and thereafter
new a. .r cent Bonds AZ the price ~ l02. will be- de
.vered f5r the existing Bonds upon the computation a.
June LIST 1891 y 3. per cent annual Interest paS'O
semi annually. viz
For every $1,000 BUFFALO 4 ERIE RAILROAD
COMPANY FER CENT MORTGAGE BOND.
due April isi worth ga cent interest Dass
- % June 1891 :, $40 90, the holder VIII be entitled
at lo2s to siolt7 In the new -. per cent Bonds.
For every $1,000 LAKE SHORE RAILWAY cow
PANi PER CENT. MORTGAGE BOND Que
April isos worth ia per cent interest pass a.
o., June 1921. Si073 49,, the holder VIII be entitled ~
1921. 10 sio47.o2 In the ga per cent Bonds
For every $1,000 LAKE SHORE a MICHIGAN
OITHERN RAILWAY co. 70 CONsOLiD WED
MORTG AGE AID SINKING FUND COUPON
BOND. due Iuy T. 1890 worth 81 per cent IN
,ercst basis as Of June 1891 81 ie the holder VIII
be emitted iOei. ST. iOe9s IN the new 80 PEI cent
Bonds
For every 81 900 OF the same issue REGISTERED
BOND. on which the Apr lst 1877. Interest To IN"
amount II is. per viii he collected hj the reg stored
owner directly from the Railway Company 'worih 81
1906 less Si7.5c-sl130j the holder VII be entitled
1922. si.os5ei In the new 81 per cent Bonds
u
SOUTHERN RAILWAY co. - SECOND MORT
GAGE BOND. due December !. 1901 worth on 3'1 PEI
cent Interest basis OF Iune l. 1897 si2ol8l'. the
holder vii. be entitled ioe's. to si7@59 IN the new
p, per cent. Bonds.
We VIII receive Reg stored Bonds ou.y when du.y on
dorsed In blank al thereon payable on or
before June lso7 will be objected and be received BY
the registered directly from the RAILWAY Company
The exchange VII be made as % the first day OF June
1897 from which date the Bonds VII bear Interest
he by ~
WI! he part FOR the aggregate principal sum
so 900 be made By the Lake shore and Michigan
southern RaiIwsJ Company. dated June lst Is"' ana
payabe June st 1897 at the rate Of 3s
per cent POI annuw. payable sem annually; Doth prn-
cpai lnI interest berg payable in United states Gold
- the present standard d weight ard hneness ana
will by mortgage about TO he MADE oy inc
Rs iwav o'1mpanr.
The MORTGAGE Will provide that al. ~ the above
isstcs = existing bonds he pad maturity. 50
that thereafter $40 Bonds VIII be secured by a
FIRST Mortgage upon railroads. '"asehod interests EQUIP
men. franchises and Income owuei or hereafter
acquired by the Lake shore & M"hgsn southern Ra"ay
,,npanv Until the complete satisfaction ami discharge
= each NJ existing Mortgages above mentioned the
bonds secured by suck Mortgage Will be held by the
Trustee Of the Mortsage and VII be kept alive as
additional sccirv for the Bonds 70 be issued there
urlei.
Ip1n every exchange resulting IN the right Of the dc
posito- O., fraction ~ nov Bond we VIII buy
such fraction AZ price q i0s at the option n the
ton necessar, 20 compete Bond for socc
IN exchange or deposi: of existing Bonds We VIII
.ssue our RECEIPT. showing the description and
amount o, bonds deposited and the amount o. cash
received from or paid respect 70 an fraction
% a Bond ana the of rev Bonds 70 which the
holder will be entitled.
The OK sting deposited with will be lodged by
rs with tire CONTINENTAL Trust COMPANY. 81 the
CIV or New York which VII hold the same as Gus
ri,ar u7de- az agreement made with To- the protec
.tr - MI rares In Interest Upon presentation OF our
Rece pts said Trust Company on or aer the day
following the date thereof. Wi. stamp the same 70 the
erec, that holds ia said agreement with NJ
existing the amount and description stated In
such Receipts respectively.
The Trust Company VIII retain all existing Bonds %
deposited with Of reexchanse here n
after provided the shall De exchanged for the
rev Bonds - he issued by the Railway Company and
after such new Bonds shal. be received by IT, will de-
liver our surrender OF our Receipts
calling Or equivalent mount
As soon a. the Bonds legally issued. according
o, our Agreement with the Railway Company due notice
vii: be given thereof upon presentation and sur
render - our eips ofHce. the holders Will be
entitled 70 receive the said 81 per Gold Bonds
az stated therein.
u for any reason the Railway Company shall not have
delivered the proposed before the thirty
first tav ~ July 1897 and in such event exist ng
Bonds deposited with Of the amount and description
stated In Receipts VIII b. returned through us TO the
holders upon surrender thereof repayment being made
h the respective parties Of OF cash received
ne forth In said receipt
SEW YORK March 90. 1897.
SPEYER & CO.,