The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-01-20

modify said plan. as authorized by the seventh artt.
ole Of said agreement so as to provide rs follows.
CAPiTALtZArIos NEw AMSTERDAM IN COMPANY.
CAS- now authorized.)
First consolidated mortgage Ave per EN~
cent. gold bonds (S3. 900. 900 TO remain
In troasury). ......... Gil, o00. 600
Preferred stock nvo per cent. cumula-
tive $4,000, 900 TO remain in treas.
ury). 1 5000, 900
Common stock tsi, ooo, 900 TO remain in ~
treasury. Is,odo, 900
New bonds to bear interest from JanNary !, 1898,
and dividends on now preferred stock to become
cumulative after three years from Nozsmber1,,
1897. All profits or dividends on deposited stocks
to accrue to new company. Existing bond issues
and certificates OF Indebtedness (s0. 600. 900, to
remain untouched for present purposes. reserv-
ing power, however, to hereafter fupfSor extend
same.
Distribution NEW SECURITIES AMONG DErosirIxa
STOCKHOLDERS.
1. For each share slOO par value Of
stock Equitable Gas Light Com.
pany:
t) In new FIRST consolidated
mortgage bonds. ........., $3.50
() In new preferred stock ..... as
o) In new common stock ........ rs
$500
Equitable stockholders will also re-
ccive eli 90 per share in common
stock OF new company 10 repre-
sent stock of New York Carbide
and Acetylene Company now
owned by Equitable Company.l
9. For each share 500 par value pre-.
ferred stock New York and East
River GINS Company:
In new bonds ............ 0lao
8. For each share 800 par value COM
mon stock New York and East River
Gas Company:
(n) In new preferred stock ...... 100
() In new common stock........ 40
copy OF an agreement of modification. dated jan
uary ~, 1893, providing as above and for the dispo.
sition of the remaining securities. has boon duly nled
in the office Of the undersigned for the Information Of
Depositing Stockholders.
Any holder of certificates OF deposit issued by tho
undersigned under said agreement OF September 1,
1897. not asserting to such change or modification,
within one week after the NTH day OF February,
1893. may withdraw the deposited stock or stocks
represented by such certificates held by him without
expense, but oil depositors not so Withdrawing
within said time shall be deemed to have finally as
sented to such change or modification and shall be
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 l2. 1898.
CENTRAL TRUST COMPANY OF NEW YORK,
Depository.
Referring to above modification. the Board Of
Directors of the Equitable Gas Light Company Of New
York. at a meeting thereof held January z. 1898,
unanimously resolved to commend that the stock.
holders Of this company assent to the said moiinoa-
ton of said plan and agreement.
By order OF the Board OF Directors,
HARRY KEENE. President.
Referring to above modification, the Board Of
Directors OF the New York and East River Gas Com
pany. at a meeting thereof, hold January o. 1898.
unanimously resolved to commend that the stock
holders OF this Company assent to the said modinca-
ton OF said plan and agreement.
By order OF the Board OF Directors,
AUGUST BELMONT President.
New York. January 12, 1893.
TO THE CENTRAL TRUST COMPANY OF NEW
YORK. CITY.
GENTLEMEN:
Refer NJ to the proposed modification Of the plan
OF union of the Equitable Gas Light Company and tho
New York and East River Gas Company. we would q,
say that in our Judgment 1t IA necessary and expe-
dent that the plan should be modified as now pro-
posed.
Yours very truly. r.
}. r.. MORGAN q co.