The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-03-30
Seaside & Brooklyn Bridge Elevated
Railroad Co.

Notice n hereby given that the undersigned Com
mittee have completed q plan and agreement OF re-
organization. copies of which may be obtained from
the CENTRAL TRUST COMPANY OF New York, 81
Wall Street. New York city.
4 or REORGANIZATION.
The mortgages are to be foreclosed and the proper
ties purchased by the Committee, who will cause Q
new Company to be organized to acquire the property
and franchises OF the old Companies.
The new Company will issue the following
NEW sBCURHTIEsi
100000 900 First Mortgage Bonds,
bearing interest at I per cent until the year 1908
and 8 per cent. thereafter; principal and interest
payable in 1850 In United States gold coin Of pres.
Ont standard; interest payable in New York city
semi. annually Mortgage TO cover all the property
and franchises OF the new Company. including after
acquired property.
$4,000. 900 Preferred stock. ave per cent. noncum1.
intive.
els. 900. 900 Common Stock.
Asserting security holders VIII be entitled to cash
and now securities as follows:
Brooklyn First Mortgage bonds and ~
Union First Mortgage Bonds, oAS'
$50 in cash for each coupon maturing on AND
A~FTERAPRIL I. 1897, pending reorsaniratlon-
$1,000 new First Mortgage Bond
o2Oo new Common Stock.
Seaside First Mortgage Bonds, contributing to %
Committee 800 cash per bond, for each bond:
eco in cash for each coupon maturing pendfna
reorganization.
81 1000 new First Mortgage Bond.
Also 800 new preferred stock for such cash COO
t%ribution.
Brooklyn second mortgage honda. contributing -
the COCO cash per bond. for each bond:
siA in cash for each coupon maturing pendinG
reorganization.
$500 In new nrst mortgage bonds
$500 new preferred STOCK.
Also $500 new preferred stock for such cash CON
tribution.
Union second mortgage income bonds. contributing
TO the 800 cash per bond, for each bond,
$500 In new preferred stock
$500 in new common stock.
Also 800 new preferred stock for such cash o.
~tribution.
Brooklyn stock. contributing to the COMMITTEES SIC
cash per share Of old stock:
s7S in new common stock for each share 1t Oh
stock.
e1o new preferred stock for such cash contrfbu-
$50 IN CASH WILL BE PAID or AND
AFTER APRIL 4. 1897. OS EACH BROoKLHN
EVA p TRsF
aORTGAGE bond AxD DIV EACH UHIOH
p FIRm
o DEPOSITED.
Cash contributions arc TO be payable a. called bz
the Committee. New securities to be delivered whra
reorganization Is completed.
The holders Of outstanding first and second more
gage bonds and stock OF the Companies are request,a
pany OF New York. under the agreement lodged with
that subject TO the order Of the understsned
- q Reorganization Committee Negotiable recaip,,
will be Issued for deposited socurttiea When. tn tho
Judgment OF the q sufficient amount oe
bonds shan have been 90 deposited. the plan win b
declared elective.
The new securities not required for the purpose e
the reorganization are TO be held for future requir.
ments under conditions and restrictions referred IN
the agreement
NEW YORK. March rs. 1897.
y. r. 0icott.
Chairman,
James 2. Woodward
Charles Parsona. cenmnteA
Eru.t ~ThAlnAnn,
Leonard LeEtsohn.
ADRIAN h JoLINE- J. N. WALLACE Sec'y,
Counsel 81 Wan 81. u. z,