New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-14
finnnrial.
TO THE HOLDERS OF THE
Second rlortgage Bonds
The Texas & Pacific Railway Co.

THE ST. LOUIS. IRON MOUNTAIN AND
SOUTHERN RAILWAY COMPANY, having made
provision retire its bonds prior in lien its General
Consolidated Railway and Land Grant Mortgage, pro
Subject authorization and approval OF Its
hoders) $50 10000 OF Thirty-Year
Four Per Bonds. which to fund
and retire the Company's Five per Gold Funding
Notes to retire the existing Iron Mountain Car Trust
Certificates acquire the outstanding mortgage securities
OF certain companies owning lines leased TO the st. Louis
Iron Mountain and Southern Railway Company.
eating mileage OF than 800 miles acquire all
Of the Issue Of tn. Second Mortgage Fv. per
cent Bonds Of Tie Texas and Pacific Railway Company:
make improvements betterments additions the
properties OF the Company and for other
poses. The above amount Of the OF bonds
be increased by to exceed sioooo0oo OF additional
bonds which will he they be issued
from time to time only for tho acquisition construction
and equipment OF extensions and branches the
panys railways at not exceeding t2 900 par value
OF such additional bonds for each mile OF completed rail-
road constructed Or acquired upon which
gage shall become nst lien directly by pledge OF the
| bonds and stock representing ownership
The bonds be secured by mortgage Subject
n the General Consolidated Morgags) all the railroads.
terminals and equipment owned by the Company. and
covering. first and only lien all stocks and bonds
embraced in the trust OF the Gold Funding Note In
denture satisfaction OF said indenture and all leased
and branch line bonds and stocks Tor the properties
which they resD and all Texas and Pacific Second Mort
Bonds which shall be taken up acquired by the
use OF the bonds their proceeds and all better
additions branches
constructed acquired
HOLDERS OF SECOND MORTGAGE BONDS OF THE
TEXAS AND PACIFIC RAILWAY COMPANY WHO
SHALL on OR BEFORE APRIL 18TH. 1900.
| DEPOSIT THEIR BONDS. with coupons pertaining
thereto attached. with THE MERCANTILE TRUST
COMPANY. at its ONCE. No 100 Broadway. New York
| City. will therefor NEGOTIABLE CERTIFT-
Gates EMITTING THE HOLDER TO RE-
CEIvE, upon surrender thereof upon the due
horzaon by the stockholders and execution OF the
posed mortgage and secured thereby
| prior 10 September 1st. 1899. AN AMOUNT OF THE
| NEW BONDS Equal At PAR TO SIxTY-FIvE
| (65) PER CENT OF THE PAR AMOUNT OF
| THE DEPOSITED BONDS, the bonds to
bear interest from July LIST, 1899 DeposItors have
| the privilege the time Of deposng their bonds to
elect 10 Syndicate eghyve (s5 cent. Of
value in cash. the new bonds which they will
entitled receive such price to be payable at the
Office Of The Trust Company. the time
OF the bonds. and suitable certificates will
be Issued depositors electng to sell. emitting them
to receive the amount above stated upon
| render OF such certificates.
Upon execution Of the new mortgage the deposited
bonds be transferred and delivered by the Trust
Company the ST. Louis, Iron Mountain and Southern
Railway Company and pledged under the mortgage
in consideration OF the issue and delivery 10 the Trust
Company bonds in exchange therefor and the
Trust Company thereupon viii deliver the new bonds TO
the holders Of It's certificates OF deposit entitled thereto
and also the Syndicate above mentioned upon receipt
S to the S holders 2rs a
issued to deposors who have elected TO sell.
d essed Snd e sss for
livery to the holders Of said certificates at the Office OF
1899 deposited bonds 10 be returned without
holders CT the certificates therefor
/ upon surrender Of their certificates
Bonds not deposited on or before April 49, 1892 VII b.
as the Railway Company hereafter may hs
1T is EXPECTED THAT THE NEW BONDS
| WILL he ISSUED AND DELIVERED AGAINST
| THE CERTIFICATES OF DEPOSIT DURING
THE FIRST WEEK OF JULY.
| Dated -. 1899
The St. Louis, Iron Mountain & Southern R'way Co,
BY GEORGE J. GOULD. President
A. X. CALEF, Secretary.