New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-01-14
fnaneidi.
Equitable Gas Light
Company Of New York
The New York and
East River Gas Company
PLAN OF UNION.

As MODrrfED)
CENTRAL TRUST COMPANY OF NEW YORK.
Depositary.
The undersigned Depository under the plan Of unioA
and agreement Of September !. 1897 at the request Of
holders OF large amount Of It's certificates OF deposit
and Of the respective boards Of directors OF the Equitable
Gas Light Company Of New York and The New York
and East River Gas Company has deemed II necessary
expedient modify said PLAN authorized by the
article Of said agreement. TO provide -
follows:
CAPITALIZATION NEW AMSTERDAM GAS coMPANf.
tAs now authortsed)
First consolidated mortgage five per cent.
gold bonds ~ 900 900 remain In treasury t1ooooV
Preferred stock FIVE per cent. Cumulative
0l.GO.O00 20 remain IN treasury. ........ iooooUO
Common stock ~. 10000 to remain In treas
ury) 100000
New bonds to bear interest from January J. lSos ana
dividends on preferred stock 10 become CUNT
iative after three years from November I. 1897 All
profits dividends deposited stocks TO accrue to
new company. Existing bond issues and certificates
Of indebtedness go 0O0) TO remain untouched for
pesen, purposes re.,rvins power. however to here
after fund extend same.
II.
DISTRIBUTION NEW SECURITIES AMONG pEPos-
TING STOCKHOLDERS.
I. For share 500 par value OF stock
Equitable Gas Light Company:
(a) In new frs. consolidated mort
gage bonds Observation-Disclosures. sioo
o. In new preferred stock ............ 10
(c) In new common stock. 10
Equitable stockholders will also receive
$3.50 per share IN common stock OF
new company represent stock OF New
York Carbide and Acetyene Company
now owned by Equitable Company
O. For each share 500 par value preferred
stock New York and East River Gas Com
pany:
In bonds. ACKNOWLEDGEMENTS. tO
8. For each share 500 par value common
stock New York and East River Gas Com
pany: =
(a) In preferred stock. .......... 500
(b In new common stock ............ 20
COPY OF an agreement OF mobilization. dated January
H. 1885, DR. ding above and for the disposition q
remaining securities has been duly filed In the ONCE
Of the undersigned for the information OF Depnsitins
Stockholders.
Any holder OF certificates OF deposit issued by the
undersigned under said agreement OF September 1897.
not asserting such change or modification WITHIN ono
week the NTH day Of February. 1888 may WIN
draw the deposited stock stocks represented by such
certificates held by him without expense. out all DE-
pos,.ors not so Withdrawing within said time shall DO
deemed finally assen,ed to such change or m'o'
ncaon shall be bound thereby and the underssned
pepostary shall be fully authorized TO carry the same
into effect with all powers provided in said agree
ment.
Dated New York. January IL, 1898.
CENTRAL TRUST COMPANY OF NEW YORK.
Depositarys
Referring 70 modification. the Board Of Directors
OF the Equitable Gas Light Company Of New York. at
a meeting thereof held January 7. 1893. unanimously
resolved to recommend the stockholders Of this Com
papy assent to the modification OF said plan and
agreement.
By order OF the Board Of Directors.
HARRY KEENE. President.
Referring 70 above modification the Board OF Directors
OF the New York and East River Gas Company, at .
meeting thereof held January g. 1898 unanimously re-
solved 10 recommend the stockholders Of this Com
pauy assent TO the said modification OF said plan ana
agreement.
BY order Of the Board OF Directors
AUGUST BELMONT. President
New York January II. lsos.
TO THE CENTRAL TRUST COMPANY OF NEW
YORK CITY:
GENTLEMEN.
Referring to the proposed mobilization OF the plan OF
union OF the Equitable Gas Light Company ana The
New York and East River Gas Company we would say
that IN Judgment II is necessary and expedient hAs
the plan should be modified now proposed
Yours very truly
j. Il. MORGAN co.