The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-01-17
Equitable Gas Light
Company Of New York
AND
The New York and
East River Gas Company
PLAN OF UNION.
CAS- MopuIED)
CENTRAL TRUST COMPANY OF NEW o
Depositary.
PLAN OF UNION.
CENTRAL TRUST OF NEW YORK.
s.--

The undersigned. Depositsry under the plan of
request Of holders OF . largo amount Of its certin.
oates OF deposit and OF the respective boards OF dt.
rectors Of the Equitable Gas Light Company Of Now
York and The New York and East River Gas Com.
pany. has deemed u necessary and e~xpedient to
modify said plan. as authorised by the seventh arti.
Gle Of said Agreement. 90 A. TO provide a. follows:
CAPITALIZATION NEW AnsrERpAu Gas ConAET.
CAS- now euthorired)
First consolidated mortgage ave per
cent. gold bonds tS3. 900. oo5 90 rec,ain
htreasury) ,00O. 600
Preferred stock i've per cent. CuI.ula-
tive te1. o00.o 900 to remain in treas
10000. 900
Common stock tei 900. 900 to remain in
treasury. 0o0. 900
Now bonds to bear interest from January l.. 1898.
and dividends on new preferred stock to become
cumulative after three years from November 1.
1897. All profits or dividends on deposited stocks
to accrue to new company. Existing bond issues
and certificates OF indebtedness $50. 600. o00) TO
remain untouched for present purposes, reserv.
ing power. however. to hereafter fund or extend
Same.
Distribution NEW SECURITIES Asoso DRrosirISo
STocKHoLpERs.
I. For each share 800 par value Of
stock Equitable Gas Light Com
pany,
() In new nrst consolid ated
mortgage bonds $3.50
(b) In new preferred Stock. rs
(o) In now common stock ...... rs
Equitable stockholders will also re-
ccive e1Z.5o per share In common
stock OF new company to repre-
sent stock of New York Carbide
and Acetylene Company now
owned by Equitable Company1
Q. For each share 500 par value pre-
fsrred stock New York and East
River Gas Company:
In now bonds $40
o. For each share 600 par value COM
mon stock New York and East River
Gas Company:
Gay In new preferred stock 100
90 In now common stock ...... 90
A copy OF an agreement OF modification. dated jan
uary ~. 1898. providing as above and for the dispo-
sition OF tho remaining securities. has been duly nled
in the onicc OF the undersigned for the Information of
Depositing Stockholders.
Any holder of certificates OF deposit issued by tho
undersigned under said agreement OF September l.
1897. not asserting to such change or modification,
within one week after tho fifth day of February.
1893. may withdraw the deposited sioux or stocks
represented by such certificates held BY him without
expense. but all depositors not so Withdrawing
| wltnlu bAlu tlme bDHil 10 6cuC TO v uuuly IN
sented TO such change or modification and shall DO
bound thereby. and the undersigned Depositary shall
DO 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.
Depositary.
Referring to above modification, the Board OF
Directors Of the Equitable Gas Light Company of New
York. at q meeting thereof held January z. 1898.
unanimously resolved to recommend that the stock.
holders of this company assent to the said modinca-
tion OF said plan aud agreement.
By order OF tho Board Of Directors,
HARRY KEENE. Preaidsnt
Referring to above modification. the Board Of
Directors OF tho New York and East River Gas Com
pany. at q meeting thereof. held January O.. 1898.
unanimously resolved to recommend that the stock
holders of this Company assent to tho said modincar
ton OF said plan and agreement.
by order Of tho BOARD of Directors,
AUGUST BELMONT President.
New York. January l2. 1893.
TO THE CENTRAL TRUST COMPANY OF NEW
YORK.. CITY.
GENTLEMEN;
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.
dent that the plan should DO modified rs now pro-
posed.
YouD very truly.
}. r. MORGA q co.