The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-12-17

"IntereSt al the rate provided in the cd Bonds from
the date Of the last ndtured coupon neSt preceding Jan.
udry /. 1899, up to the date uheH DE neto Bonds begin
to bear interest, namely. January /. 1899, excepting in
respect Of bonds represented BY Certificates Of Depot.
stamped Er Interest due January I. 1885," as stat ed
belop.
Deposited Bonds must carry all coupons and
claims for interest on registered bonds maturing on
or after January l. 1899 excepting B.. Il o. South
western Railway First Income Mortgage 5 Per Cent.
Bonds, Series A and B, which must carry all matured
and unpaid coupons).
The Syndicate will purchase for cash at their face
value such coupons and claims for interest on regis
tered bonds maturing January /. 1899. from holders
who deposit their bonds under tho plan, upon the
Certificates Of Deposit for such bonds being stamped
"EI Interestd due January 1. 1897 and the said cou-
pons or claims for interest on registered bonds being
respectively delivered or assigned to tho Syndicate
or upon It's order. Upon the completion of the re.
organization there will be paid In cash upon all de-
posted bonds mot including. however, B. & O..
Southwestern Railway First Income Mortgage 8 Per
Cent. Bonds. Series A and b. Interest at the re-
spective rates provided in the old bonds UP TO Jan.
uary /, 1899, from the coupon date last preceding,
excepting in the case of bonds represented by Ger.
tihcates cf Deposit stamped as Aforesaid, lex In
terest due January /, 1892"
syndicate has been formed to provide the sum of
$5,boo,ooo required for Improvements, cutting down
grades, equipment. etc, and also the cash required
" tahe up ehlstlnR car Trusts, nOAtng debt and Other
outstanding obligations OF the Company. to purchase
new securities not taken by holders Of certain OF the
existing bonds, ana also to make advances and per-
form other obligations essential for the purposes OF
the Plan.
The c~onsuGmation Of the Plan is conditional upon
tue baltimore and Ohio Railroad Company na Re.
organ!zedj. approving the same and consenting 10
issue its Southwestern Division First Mortgage AZ
per cent. Gold Bonds and Preferred and Common
Stock as above stated. within one year from the date
hereof, or within such further time as the ReorRaniza.
ton Managers shall allow. In case the Baltimore
and Ohio Railroad Company las Reorganizedi should
fai! to fulfil the foregoing conditions. this Plan will
he abandoned, and depo ited securities will be re-.
turned to dcpositors upon surrender OF the ccrtih.
Gates Of deposit therefor. without expense, unless
some modification OF the Plan satisfactory !, the
deposiiors shall be proposed, in which case due
notice o: such modified Plan I'll be given and de.
positoIs VIII be Afforded all opportunity TO Withdraw
thoir deposited securities, in case the modification
of the Plan Is not acceptable to them.
II MERCANTILE TRUST COMPANY OF NEW
YORK VIII act as Depository under the Plan. and
the LONDON AND WESTMINSTER BANK. LIN.
TIED. will act as Its AGENT for the purpose OF re.
CO. wing deposits in London, England. Holders OF
bonds and stocks affected by the Plan may deposit
their securities either with The Mercantile Trust
Company at its ONCE, No. 100 BROADWAY,lin
the City Of New York, or at its agency, the London
and Westminster Bank. Limited. Al LOTHBURY,
England, and will receive reorgAuizA.
ton certificates OF deposit therefor. Application
will be made In due course to list such certlhcatea
of deposit upon the New York and London Stock
Exchanges.
Participation under the Plan OF Reorganization, in
any respect whatsoever 10 dependent upon the de.