New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-30
(iuancldl.
To THE HOLDERS OF THE
Second rlOrtgage Bonds
The Texas & Pacific Railway Co.
THE ST LOFTS. IRON MOUNTAIN AND
SOUTHERN RAILMAN COMPANY. har-,r r,aAa


SOUTHERN RAILWAY COMPANY. having made
provision retire s bonds prior in len General
Consolidated Railway and Land Grant Mortgage now pro-
poses Subject authorization and approval stock
hoder.) issie Il s3o0oOOco u Thry-Year
Four Cent. Cold Bonds which 70 fund
and retire the Companys Five per cent. Gold Funding
Notes retire the existing Iron Mountain Car Trust
Certificates acquire the outstanding securities
OF certain companies Louis
Iron Mountain and Southern Railway Company.
gazing mileage Of more than $50 miles 70 acquire all or
any part Of Issue Of the Second Mortgage Five per
cent Bonds II TIE Texas and Pacific Railway Company
10 make Improvements. beermnis and additions ths
properties Of the Company and FOR other corporate pur-
poses The above amount OF bonds may
be increased by not 10 exceef SO 100000 of additional
bonds which will ~ reserved they be Issued
time only for the acquisition
equipment Of extensions and branches the
panys railways exceeding So 000 par value
Of such additional bonds tor each mile OF completed
road constructed acquired upon which the
gage shall become first lien directly BY pledge q the
bonds and stock representing ownership.
The bonds be secured by mortgage Subject
to the General Consodaed Mortgage all railroads
terminals and equipment owned by the Company. and
covering first and only lien all stocks and bonds
embraced in the trust OF Gold Funding Note In
denture upon satisfaction Of said ndentue and al leased
and branch bonds and stocks the properties
which they ami al. Texas and Pacific Second Mort
gage Bonds which shall he taken up acquired BY the
use Of the new bonds their proceeds and all better
nients improvements additions extensions ard branches
.o constructed or acquired
HOLDERS OF SECOND MORTGAGE BONDS OF The
TEXAS AND PACIFIC RAILWAY COMPANY who shall.
on OR BEFORE APRIL 18TH 1890. deposit their
bonds coupons pertaining thereto attached with Tie
Mercantile Trust Company IFS Office. No 100 Broad
way York CRY viii receive therefor negotiable ser
tlhcates emitting holder upon surrender
thereof upon authorization by the stockholders
and execution proposed mortgage and issue n ths
bonds secured thereby. prior September LIST, 1880
amount OF the bonds equal at par 70 sixy-hve $50
per cent Of par Of deposited bonds tie
new bear from July lst 1880 Deposors
have the privilege time of depostng their bends
elect 10 sell 10 Syndicate eEhy-Ave ISL per Of
their par in cash. the bonds which they viii
be entitled receive such price 70 be PAYABLE az the
Office OF The Mercantile Trust Company. the time o.
the issue Of the bonds and suitable certificates will
be issued to deposltors electng sell emitting them
to cash the amount above stated upon sur
render Of such certificates
Upon execution of mortgage the deposited
bond. transferred and delivered by TIE Trust
Company the St Louis. Iron Mountain and Southern
Railway Company and pledged under the mortgage
in cosderation Of the and delivery the Trust
Company Of the bends in exchange therefor ard the
Trust Company thereupon will deliver the rev bonds to
certificates Of deposit entitled thereto
and also 70 the Syndicate above mentioned receipt
from the Syndicate cash price thereof as above
stoed payment the holders OF certificates OF deposit
issued depositors who have elected 70 sell
In the mortgage should not be authorized ana
duly the bonds hereunder - ready FOR de-
livery the holders Of said certificates AZ the once OF
The Mercantile Trust Company prior to September ist
1890 deposited bonds % be returned "itnou'
charge holders Of the respective certncaes therefor
upon surrender Of their certificates
Bonds deposited before April IS 1893 viii %
received alb only upon such terms ana CONDITIONS
the Railway Company hereafter fix
Il is expected that bonds VIII he issued ana
delivered against the certificates q depcsi, during tho
FIRST week Of July.
Dated March 81 1899
The ST. Louis Iron Mountain Southern R'Way 20,
BY GEORGE J. GOULD. President