The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-01-30
siaanrial.
The Minneapolis and ST, Louis
Railroad Company.
MINNEAPOLIS, MIMI, ian. p

Notice 10 hereby given that n special meeting OF
She stockholders Of the Minneapolis and 81. Louis
Railroad Company of Minnesota and Iowa IL called
TO be hold on Tuesday. Feb. IL, 1899, at 1880 A. N,
at the ofnces OF the Company, In the City OF Mime
apolis, Minnesota. for the purpose Of taking action
aud voting on the following propositions. or any
Modification or notifications thereof which may be
presented at suol, meeting. viz;
!. To ratify and confirm the action OF tho Board
of Directors OF this Company IN behalf OF this Com
pany ~ the purchase and acquisition OF the rail.
roads and properties described as follows:
az The railway and property Of tho Minneapolis,
New Tim and Southwestern Railroad Company. itH
line OF road a. completed and operated At present
extending from \ point of connection with the rail.
way Of this Company AZ or neNr Winthrop. Min
nesota, TO aud through New Tim Minnesota, the
entire length OF SAID read rs NOW operated being
about twenty miles.
tl That part OF the railway of the Wisconsin.
Minnesota and Pacific Railroad Company extending
from Morton, Minnesota. Al the point OF connection
with the railway OF this Company. to wAtertown.
South Dakota. the entire length of said portion
being about one hundred and twenty.three miles.
II. And In fnrtherance Of the policy OF developing
the business and the railway properties of this Com
pany, az we'll az 10 reduce the amount OF hyed All.
nual interest charges. 10 authorize and give consent
to the Issue by this Company Of tie four rer cent,
FIRST and REMINDING gold bonds in the prin.
cipal sum OF twenty-five million dollRrs. to be
secured by mortgage covering the properties OF this
Company and tho properties acquired as Aforesaid,
which said bonds shall be used, appropriated or re.
served for the following purposes. VIZ:
az Bonds TO the amount Of Ave million three hun.
dred thousand dollars &6, 800. oool OF principal shall
be used for purchasing and paying for the several
lines of railroad above described. for constructing
and paying for tho construction OF a line " road TO
he built and completed from q point at or near Nav
Ulm. Minnesota, the present terminus OF the Mill
neapolis. New Tim and Southwestern Railroad. TO y
point OF connection OF intersection with the railway
Of the Illinois Central Railroad Company at some
point In either Bucna Vista or Cherokee Counties.
Iowa; for purchasing and paving for equipment,
rolling stock and motive power. and other personal
property necessary TO properly operate and main.
tain the lines OF railway SO 20 10 acquired OF con.
strrcted az Aforesaid.
i) Bonds to the amount Of ten iuIllion dollars Of
| principal shall he reserved solely for the purpose
OF refunding, paving. satisfying and i"'iring nlltie
bonds of this Company now outstanding secured 10y
mortgages upon its properties or proportions there.
OF. 80 that ultimately the lien tn I've created by tho
proposed new mortgage shall he = frat and prior
lien on all and singular the property W the Com.
panS. -...
t) Bonds to the amount OF two million five hun
dred thousand dollars 81. 100000 of principal may
he reserved for the purpose OF providing such funds
as may he necessary TO retro at par all the shares or
the First Preferred Capital Stock OF this Company
now outstanding. the par value thereof being two
million five hundred thousand dollars 81, 200. 600,
at such time and i'll such manner IA the Directors OF
this Company may deem advisable. on reasonable
notice to the holders of sad First Preferred Stock.
Dividends accrued on such Preferred Stock at the
time OF said retirement to he paid in cash out OF the
net earnings OF this Company. II such $4,000, 900
bonds shall not be used for the purpose aforesaid
they shall be used only for the purposes referred 10
! in the next paragraph.
| ~ All the remainder of said hOnds-to wit,
about seven million two hundred thousand dollars
81. 200, OoOj-shall be deposited with the Central
Trust Company Of New York as Trustee of the mort.
gage. to be used by this Company for the purpose OF
constructing or acquiring additional property, or
for it's other corporate purposes. under proper re.
strictions to be contained in the mortgage.
III. To authorize the Board OF Directors Of this
Company, whenever in the Judgment Of said Board
it may be advisable, to provide for tho cancellation
OF First Preferred Stock of this Company. where.
upon the remaining Capital Stock of this Company
shall be ten million dollars 10000 600. and
! thereafter the shares now known az Second Pre-.
ferred Stock shall be known as " Preferred stock. -
and the shares now known as Common Stock
shall continue to be known M Common Stock. =
all the rights and privileges a. to voting power,
dividends and division of net earnings now attach.
ing to Raid shares of stock to continue in full force
and effect, except so far as relate to the First Pre-.
fcrred Stock SO to bc cancelled and retired.
The books Of the Company for the transfer of
stocks will be closed from 3 p. NJ. on February D.
1890, to 10 A. NJ. on February 10, 1899.
EDWIN HAWLEY, President.
JOS. GASKELL., Secretary.