The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-02-04
financial.
Equitable Gas Light
Company of New York
The New York and
River Gas Company
PLAN OF UNION.
CENTRAL TRUST COMPANY OF NEW YORK,
CAS-


CENTRAL TRUST COMPANY OF NEW YORK.
Depository.
The undersigned. Depository under the plan of
union and agreement Of September I, 1897, at tho
request of holders of a large amount OF it's certin.
Gates of deposit and of the respective boards of d.
rectors OF the Equitable Gas Light Company of New
York and The New York and East River Gas Com.
pany. has deemed It necessary and expedient to
modify said plan. as authorized by the seventh arti.
Gle of said agreement, SO as to provide as follows:
CAPITALIZATION NEW AMSTERDAM GAS COMPANY.
CAS- now authorlzed.)
First consolidated mortgage i've per
cent. gold bonds te3, 900, 900 to remain
in treasury) ..e11, 900. 900
Preferred stock nve per cent. Cumula-
tive col. 600. 900 to remain in treas.
ury) 10000. 900
Common stock ISL 900. 900 to remain in
treasury. 18, 1000, 900
New bonds to bear interest from January l.. 1898,
and dividends on new preferred stock to become
cumulative after three years from November 1,
1902. All pronts or dividends on deposited stocks
to accrue to new company. Existing bond issues
and certificates OF indebtedness (s9. 600. O00) to
remain untouched for present purposes. reserv.
ing power. however. to hereafter fund or extend
same.
DISTRIBUTION NEW SECURITIES AMONG DEPosITISo
STOCKHOLDERS.
/. For each share 800 par value of
stock Equitable Gas Light Com.
pany:
(a) In new FIRST consolidated
mortgage bonds ........... $3.50
C) In new preferred stock. as
() In new common stock ...... rs
Equitable stockholders will also re-
ceive GIT. 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 s1Oo par value pro-
fsrred stock New York and East
River Gas Company:
In new bonds 0l20
8. For each share 600 par value com.
mon stock New York and East River
Gas Company:
Gay In new preferred stock ...... 100
() In new common stock 40
A copy Of an agreement OF modification, dated Jan.
uary l2, 1898. providing as above and for the dispo-
sition of the remaining securities. hao been duly filed
in the Office OF the undersigned for the Information OF
Dcpositing Stockholders.
Any holder OF certificates OF deposit issued by the
undersigned under said agreement Of September 1,
1897, not asserting to such change or modification.
within one week after the nth day of February,
hIa tHe utpOSlteu sioux 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 Depository 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,
Depositary.
Referring to above modification. the Board OF
Directors Of the Equitable Gas Light Company @: New
York. at o meeting thereof held January q. 1898.
unanimously resolved to recommend that the stock.
holders OF this company assent to the said modihca.
tion OF said plan and agreement.
By order OF the Board Of Directors,
HARRY KEENE, President.
Directors Of the New York and East River Gas Com.
unanimously resolved to recommend 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 l2. 1895.
TO II 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-
dent that the plan should be modified as now pro-
posed.
Yours very truly.
}. r. MORGAN & CT.