New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-28
TO THE HOLDERS OF THE
Second rIortgage Bonds
The Texas & Pacific Railway Co.
THE ST. LOUIS. IRON MOUNTAIN AND
SOUTHERN HALFWAY COMPANY. having made

THE ST LOUIS IRON MOUNTAIN AND
| SOUTHERN HALLWAY COMPANY. having made
provision - bonds prior in lien to its General
Consolidated Railway AMI Land Grant Mortgage. now pro
poses (suhio,t authorization md approval ~ Its stock
holders ss q $3oooo0oo Of Thirty ear
-Four Gold Bonds which 70 BE- used 70 fund
and retire the Company TIvc per cent. Cold Funding
Notes 20 retire existing Iron Mountain Car Trust
Certificates acquire outstanding mortgage securities
companies owning lines leased to the S. Louis
Iron Mountain ana Southern Hallway Company. agEre
eating mileage 81 than 80 miles. TO acquire all or
any part 81 the issue the Second Mortgage Five per
cont Bonds Of TIC Texas and Railway Company
% make improvements het,Iments and additions TO the
properties Company and FOR other corporate Iur
poses The above - the issue Of new BONDS may
be Increased by exceed 100000 Of additional
bonds which Will that they be issued
from time only tho acquisition construction
equipment O., extensions ana branches - tho com
panys railways rate not exceeding $1,000 par value
OF such additional bonds for each mile OF completed rail
ruad constructed acquired upon which the new mort
gage shall become first lien directly or by pledge OF the
bonds and stock representing ownership.
The bonds he secured by mortgage Subject
20 the General Mortgage all the raiiroadr
| terminals and equipment owned by tho COMPANY ana
covering a first aud only lien oil stocks and bonds
embraced in the trust Of the Gold Funding Note In
denture upon satisfaction Of said ndenture and All easei
and branch line bonds and stocks Wr the properties on
which they resu ana ell Texas and Pacific second Mort
gage Bonds shall De taken or acquired by tho
use ~ the new their proceeds. and al better
mouts Improvements. additions. extensions and branches
| 50 constructed acquired
HOLDERS OF Second MORTGAGE PONDS OF 1TIB
TEXAS AND PACIFIC RAILWAY COMPANY who shall
on OR BEFORE APRIL 18TH. 1899. deposit their
bonds with pertaining thereto attached with Inc
Mercantile Trust Company Us Office 40 800 Broad
way New city WIZ receive therefor negotiable Ger
ncates emitting the holder receive the surrender
thereof urn authorization by tho stockholders
and execution proposed mortgage and issue Of tho
bonds secured thereby prior September lst 1919. an
amount Of the equal at 70 sixty-nye G')
Der cent Of the pa Of the deposited bonds tho
new bonds 20 bear July 1899 Degositors
have the privilege the time Of deposng their bonds to
elect t. syndicate AT eighty five $50 per cent OF
their par value IN cash. tho bonds which they VIII
be entitled 10 receive price be payable at the
Office Of The Mercantile Trust Company at the time Of
the bonds and suitable certificates Will
be issued 20 deposors eecting sell entitling them
cash 10 the amount above stated upon sur
render II such certificates.
I-pon execution Of the mortgage the deposited
bonds be transferred and delivered by the Trust
Company the 81. Louis. Iron Mountain ana Southern
Railway Company and pledged under the new mortgage
OK the issue ana delivery to the Trust
Company Il TIE bonds exchange therefor and the
Trust Company therupon win deliver the new bonds ~
the holders certificates u deposit entitled thereto
and also 10 Syndicate above mentioned receipt
from Syndicate II tho cash price thereof as above
stated for payment holders 81 certificates OF deposit
issued 10 deyositors who have elected TO sell
In caso the mortgage should not b. authorized and
duly executed ana the bonds hereunder De iea'y 1T ne
livery Of said certificates Mt the onice of
The Mercantile Trust Company prior to September ISL
1870 the deposited bonds 20 be returned Without
charge holders respective certificates therefor
upon surrender Of their certificates.
Bonds not deposited before April 10 1899 will be
received go 90 only upon such terms and conditions
49, tho Hallway Company hereafter may IN
y is expected that tho bonds will 10 issued and
delivered agains' certificates ~ deposit during IN"
nut week n luis
Dated March o. 1890
The ST. Louis. Iron Mountain Southern R'way Co.
p GEORGE J. GOULD President.
A II CAIET. Secretary.