New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-04-04
NETWORK DAILY TRIBUNE SUNDAY. APRIL A 1897
finaneial.

finanrial.
REORGANIZATION
Brooklyn Elevated
Railroad Company.
TO THE HOLDERS OF
First and Second rlortgage Bond
and Coupons and Stock OF tho
BROOKLYN ELEVATED RAILROAD co.
First Mortgage Bonds and Coupons and
Second Income nortgage Bonds OF the
UNION ELEVATED RAILROAD co.
First 1ortgage Bonds and Coupons of the
SEASIDE & BROOKLYN BRIDGE
ELEVATED RAILROAD co.
Notice h hereby riven that undersigned Committee
completed plan and agreement OF reorganization
TRUST COMPANY OF New York. % Wall Street, ne"
York city.
PLAN OF REORGANIZATION.
The mortgages are 10 forecosed and the properties
purchased by Committee, who will cause new COM
pany to Be organized acquire the property and iran
chses OF the old Companies
The Company will issue the folowinS'
NEW SECURITIES.
$4,000 900 First Mortgage Bords
nntn
per cent thereafter; principal and interest payable
in 1850 in United gold coin Of present standard
interest payable in New YORK CITY semi annuany'
Mortgage all the property and franchises Oh the
new Company incluiing after-acqured property
SO 900 900 Preferred Stock five cent non-cumuiaVs
$i3 900 900 Common Stock.
Asserting security holders will be en'itleo 70 Cash anu
new securities follows:
Brooklyn FRS. Mortgage Bonds and }tor each bonds
$50 IN cash for each coupon maturing on anu M W
APRIL 1, 1897, pending reorganization.
$1,000 new First Mortgage Bond.
500 Common Stock.
seaside First Mortgage Bonds contributing TO the COM
m!ttee 500 cash per bond for each bond:
$50 in cash for each coupon maturing pending re-
organization.
$1,000 nav First Mortgage Bond.
Also 500 new preferred for such cash contrtou-
ton.
Brooklyn second mortgage bonds. contributing TO the
Committee 5000 cash per bond. for each bond;
s14 in cash for each coupon maturing pending re-
organization.
s7OO in new inst mortgage bonds.
$500 preferred stock.
Also $500 new preferred such cash contribu-
ton.
Union second mortgage income bonds contributing to
the Committee 500 cash per bond, for each bonds
$500 in preferred stock.
$500 in common stock.
Also 500 new preferred such cash contribu-
ton.
Brooklyn stock contributing to the Committee $lo casn
per share Of old stock:
$75 in new common stock share Of old stock
$40 new preferred stock for such cash contribution
$50 IN CASH WILL BE PAID ON AND AFTER
APRIL 1, 1907. on EACH BROOKLYN ELE-
WAITED RAILROAD COMPANY FIRST MORT
GAGE BOND AND ON EACH UNION ELEVATED
RAILROAD COMPANY FIRST MORTGAGE
BOND DEPOSITED.
Cash contributions are payable called by the
Committee New securities bs delivered when re-
organization IL completed.
The holders of outstanding first and second mortgage
bonds and stock the Companies requested to de-
post their holdings with the CENTRAL TRUST CON-
PANY Of New York, under the agreement lodged with
that Company subject the order Of the undersigned
as Reorganization Committee. Negotiable receipts Will
be Issued for deposited securities. When In the judg
ent OF the Committee sufcent amount Of bonds shall
have been 80 deposited, the plan will be declared ef-
fective
The new securities required for the purpose Of the
reorganization b. held for future requirements IN
der conditions and restrictions referred to In the
ment.
NEW YORK. March Is. 1897
r. r. OLCOTT. -'AH'
Chairman,
JAMES r. WOODWARD.
CHARLES PARSONS,
ERNST THALMANN.
LEONARD LEWISOHN.
ADRIAN n. JOLINE ]. N WALLACE. Sec'y.
Counsel. "a Wall St., N. Y.