The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-02-01
Equitable Gas Light
Company Of New York
The New York and
East River Gas Company
PLAN OF UNION.
CAS- noDirED)
CENTRAL TRUST or NEW YORK.

CENTRAL TRUST COMPANY ov NEW YORK,
Depository.
The undersigned. Depository under tho plan of
union and agreement of September l, 1897. at the
request Of holders Of = large amount Of Its ccrtin.
Gates OF deposit and OF the respective boards Of IL.
rectors of the Equitable Gas Light Company OF New
York and The New York and East River Gas Com.
pany, has deemed II necessary and e~xpedIent to
modify said plan, as authorized by the seventh arti.
ole OF said Agreement, so as to provide as follows:
l.
CAPITALIZATION NEW AssrERpAn GAS CoMrANT.
CAS- now authorixed.)
First consolidated mortgage nve per
cent. gold bonds tes, 900. 900 to remain
ntreasury) 100000
Preferred stock nve per cent. Cumuln.
tive col. 00o. 900 to remain in treas
10000. 600
Common stock tei. oo0.o 900 to remain in
treasury. Is, 900, 900
New bonds to bear interest from January 1, 1923,
and dividends on new preferred stock to become
cumulative after three years from November I.
1897. All profits or dividends on deposited stocks
to accrue to new company. Existing bond issues
and certificates OF Indebtedness $50, 900, ooO) to
remain untouched for present purposes, reserv.
ing power. however. to hereafter fund or extend
same.
DISTRIBUTION NEW SECURITIES AMONG DErosrrISe
srocKHoLpERs.
1. For each share e1o0 par value Of
stock Equitable Gas Light Com.
pany: @
n) In new nrst consolidated
mortgage bonds. .......... $3.50
6) In new preferred stock ...... 10
Q) In now common stock ....... 75
$500
Equitable stockholders will also 70.
ceive SIT. 80 per share in common
stock OF new company to repro.
sent stock of New York Carbide
and Aoetylene Company now
owned by Equitable Company.l
g. For each share 800 par value pre-
ferred stock New York and East
River Gas Company:
In new bonds $3.50
8. For each share 800 par value COM
mon stock New York and East River
Gas Company:
Gay In new preferred stock ...... 100
Q) In new common stock ....... 90
- o1lo
copy OF an agreement OF modification, dated Jan
uary 12, 1893, providing as above and for the dispo-
sition Of the remaining securities. has been duly nled
in the once of the undersigned for the information Of
Depositing Stockholders.
Any holder of certificates OF deposit issued by the
undersigned under said agreement OF September I,
1897. not asserting to such change or modification.
within one week after the NTH day Of February,
1898. may withdraw the deposited stock or stocks
represented by such cert incates held by him without
expense, but all depositors not SO Withdrawing
within said time shall be deemed to have finally as.
sented to such change or modification and shall DO
bound thereby, and the undersigned Depositary shall
be fully authorized to carry the same into effect. with
all the powers provided in said agreement.
Dated New York. January I2. 1898. .r
CENTRAL TRUST COMPANY OF NEW YoRR
Depoaitary.
Referring to above modification, tho Board OF
Directors Of the Equitable Gas Light Company of New
York, at q meeting thereof held January 2. 1898,
unanimously resolved to that the stock.
holders of this company assent to the said modinoa-
tion or said plan and agreement.
By order OF the Board OF Directors,
r KEENE. President
Referring to above modification. tho Board Of
Directors of the New York and East River Gas Com.
pany. at a meeting thereof. held January o. 1893.
unanimously resolved to that the stock
holders of this Company assent to the said modincar
tion OF said plan and agreement.
By order OF the Board of Directors.
AUGUST ELMoET President.
Now York, January l2, 1898.
TO THE CENTRAL TRUST COMPANY OF NEW
YORK, CITY.
GENTLEMEN:
Referring TO the proposed modification OF tho plan
OF union of the Equitable Gas Light Company and tho
New York and East River Cos Company, we would
say that in our judgment 1t is necessary and expo
dent that the plan should be modified as now pro-
posed.
Yours very truly.
}. p. MORGAN q co.