New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-04-06
financial.

Brooklyn Elevated
Railroad Company.
TO THE HOLDERS OF
First and Second nortgage Bonds
and Coupons and Stock OF the
BROOKLYN ELEVATED RAILROAD co.
First Mortgage Bonds and Coupons and
Second Income 7ortgage Bonds OF the
UNION ELEVATED RAILROAD co.
First nortgage Bonds and Coupons of the
SEASIDE & BROOKLYN BRIDGE
ELEVATED RAILROAD co.
Motto. is hereby given that the undersigned Committee
have completed plan and agreement OF -
copies OF which may be obtained from the cen raj '
TRUST COMPANY of New York. "a Wall Street. New
York city,
PLAN OF REORGANIZATION.
Thu MORTGAGES are 10 be forecosed and properties
purchased by the Committee who will cause new COM
pany be organized acquire the property and IRAN
chiscS OF the old Companies
The Company will issue the foowins'
NEW SECURITIES.
sl6.oooo0o First Mortgage Bords
bearing interest at per until the year 1905 and
per thereafter principal and interest pdyaoie
in 1850 in United gold coin OF present standard
interest payable New YORK city semi-a annually.
Mortgage cover all the property and franchises OF tho
new Company, ling acquired property.
$4,000 COZ Preferred Stock five cent non-cumu!ave
SIS 100000 Common Stoch,
Asserting security will be entitled to cash and
lev securities follows:
Brooklyn Mortgage Bonds and ,o- zach bond,
Union First Mortgage Bonds.
$50 in cash for each coupon maturing on and AFTER
APRIL /. 1897. pending reorganization
$1,000 First Mortgage Bond
500 new Common Stock.
Seaside First Mortgag. Bonds contributing to the Com
mtee 500 cash per bond for each bond:
$50 in cash for each coupon maturing pending re-
organization.
$1,000 First Mortgage Bond
500 preferred stock for such cash conriou-
Brooklyn second mortgage bonds. contributing to the
Committee 500 cash per bond. for each bond
sl4 in cash for each coupon maturing pending re-
organization.
500 first mortgage bonds
$500 preferred stock.
Also 500 new preferred s1ch cash conrbu-
ton.
Union second mortgage income bonds. contributing to
$500 in preferred stock.
$500 in new stock
Also 500 new preferred for such cash conrbu-
ton.
Brookya stock contributing TO the Committee So cash
per shars Of old stock
s15 in new common stock for each share Of old stock
$40 new preferred stock for such cash contribution.
$50 IN CASH WILL DE PAID on AND AFTER
APRIL 1. 1897. on EACH BROOKLYN ELE-
WAITED RAILROAD COMPANY FIRST MORT
GAGE BOND AND on EACH UNION ELEVATED
RAILROAD COMPANY FIRST MORTGAGE
BOND DEPOSITED.
Cash contributions be payable called by the
Committee New securities 10 be delivered when re
organization is completed
bonds and stock the Companies requested to de-
poslt 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-
ment OF the Committee sufficient amount Of bonds shall
have been deposited. the plan will be declared ef-
fectve.
The securities required for the purpose OF the
reorganization held for future requirements
der conditions restrictions referred 10 In the agree
ment.
NEW YORK, March 25. 1897.
+. r. OLCOTT.
Chairman.
JAMES T.. WOODWARD.
CHARLES PARSONS, "om"i"ee'
ERNST THALMANN,
LEONARD LEWISOHN
ADRIAN II. JoLINE, J. y. WALLACE. secy,
Counsel. "a Wall St. n. Y.