The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-02-05
NnAnrtxI.

sEinHnriHI.
Equitable Gas Light
Company Of New York
The New York and
East River Gas Company
PLAN OF UNION.
CAS- NoDufEp,
CENTRAL TRUST COMPANY OF NEW YORK.
Depositary.
union and agreement of September 1, 1897, at the
request OF holders of q largo amount OF its certin.
Gates of deposit and of the respective boards Of dt.
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 srti.
Gle of said agreement, 20 as to provide Is followsi
CAPITALIZATION NEW AMSTERDAM GAS ConPANT.
CAS- now authoriEed.)
First consolidated mortgage nvo per
cent. gold bonds COS. 10000 TO remain
in treasury. .o11. 900. 600
Preferred stock nve per cent. Cumula-
tive fHl OO0. 600 to remnfu in trarr-
ury). 10.000,o00
Common stock tsi, 900, 900 to remain in
treasury 1o,0o0,o 600
New bonds to boar interest from January 1, 1898,
and dividends on now preferred stock to become
cumulative after three years from November I.
1907. All profits or dividends on deposited stocks
to accrue to new company. Existing bond issues
and certificates OF indebtedness (se. 600. ooo) to
remain untouched for present purposes. reserv.
ing power, however, to hereafter fund or extend
same.
DISTRIBUTION NEW SECURITIES AAoNo DErosrrNa
STOCKHOLDERS.
1. For each share e1o0 par value Of
stock Equitable Gas Light Com
pany,
() In new first consolidated
mortgage bonds ........... $3.50
% In new preferred stock ...... rs
() In new common stock ...... 70
$500
Equitable stockholders will also re-
ceive Sl7. so per share in common
stock of new company to repre-
sent stock OF New York Carbide
and Acetylene Company now
owned by Equitable Company.l
g. For each share 800 par value pro-
ferred stock New York and East
River Gas Company:
In new bonds. Ql20
8. For each share 500 par value com.
mon stock New York and East River
Gas Company:
t) In new preferred stock ...... 100
() In new common stock ...... 40
- s14o
Acopy OF an agreement of modification. dated Jan
uary l2. 1898, 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 l.
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 all 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 IL. 1898.
CENTRAL TRUST COMPANY or NEW YORK.
Depository.
Referring to above modification. tho Board of
Directors of the Equitable Gas Light Company of New
York, at q meeting thereof held January q. 1898.
unanimously resolved to recommend that the stock.
holders of this company assent to tho said modinoa.
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 o meeting thereof, held January 8. 1898.
unanimously resolved to recommend that the stock.
holders of this Company assent to the said modifca-
ton of said plan and agreement.
By order OF the Board Of Directors,
AUGUsT BELMONT. President.
New York. January l2. 1898.
TO THE CENTRAL TRUST COMPANY OF NEW
YORK. CITY.
GENTLEMEN:
Referring to the proposed modification Of the plan
of union OF the Equitable Gas Light Company and the
New York and East River Gas Company, we would
say that in our judgment It is necessary and expe-
dient that the plan should be modified as now pro-
posed.
Yours very truly.
}. r. MORGAN q CO