New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-05
TO THE HOLDERS OF THE
Second rlortgage Bonds
The Texas & Pacific Railway Co.

THE ct. LOUIS, IRON MOUNTAIN AND
SOUTHERN RAILWAY COMPANY, having MADE
provision TO bonds prior in lien to us General
Consolidated Railway and Land Grant Mortgage no" pro
noses sbte to authorization and approval Of It's stoc-
holders 10 ssis Of $50 oooo 600 OF Thry-rs~
Four Per Cent Gold Bonds which 10 be used 10 tuna
and retire Company's Five per cent Colo ruhoihs
Notes TO retire the existing Iron Mountain Car Trust
Certificates. 10 acquire the outstanding mortgage securities
OF certain companies owning lines leased 10 the St LOUIS
Iron Mountain and Southern Railway Company asgre-
satng a mileage OF than 800 miles. TO acquire all OF
nv mart ., the issue Of the Mortgage Five per
cent Bonds u Tie Texas and Pacific Railway Company;
70 make Improvements betements and additions to the
ronere. Of the Company and for other corporate pur-
poses The amount ~ the issue OF new oonds may
increased by 10 exceed SoOoOoo OF additional
bonds will be reserved so that they can De issued
from time TO time only the acquisition construction
and equipment extensions and branches 10 the com
p.nys railways at a exceeding $4,000 par value
OF such additional bonds for each mile OF completed rail-
road constructed or acquired upon which the new mort
gage shall become lien directly or by pledge OF the
bonds and stock representing ownership.
The new bonds be secured BY mortgage Csuo1ect
n the General Consolidated Morgage) all the railroads
terminals and equipment owned by the Company. and
covering and only lien all stocks and bonds
embraced in the trust OF the Gold Funding Note In
denture upon satisfaction OF said ndenure and all leased
and branch line bonds and (or the properties on
which they resD and ali Texas and Pacific Second Mort
gage Bonds which shall be taken up or acquired ny the
use Of the new bonds their proceeds sand all better
men, improvements additions extensions and branches
60 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 Broad
way New York city therefor negotiable
hcates emitting the holder receive the surrender
thereof upon authorization by the stockholders
and execution proposed and Issue Of the
bonds secured thereby. prior to September st 1899 an
OF the bonds equal At par 70 sixty-nve c)
per cent par OF the deposited bonds the
new bear interest from July LIST 1900 Deposors
have privilege the time OF depositng their bonds
elect sell Syndicate at eghty-nve (s5 per cent OF
their par value In cash the new bonds which they will
be entitled to receive such price payable the
once Of The Mercantile Trust Company at the time
OF the bonds. and suitable certificates
depo~itors electng sell emitting them
cash the amount above stated upon sur
render OF such certificates.
Upon execution o. the 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
cosdeaton Of the issue and delivery TO the Trust
Company Of the bonds in exchange therefor and the
Trust Company thereupon will deliver new bond. 10
the holders OF It's certificates Of deposit thereto
and also the Syndicate above mentioned upon recent
from the Syndicate Of the price thereof az above
stated FOR TO the holders Of certificates OF depo
issued TO dspo,tors who have elected 70 sell
In case the should be authorized and
duly executed and the bonds Hereunder be ready for de-
livery to the holders Of said certificates the ONCE OF
The Mercantile Trust Company prior TO September LIST
1902 the deposited bonds to be returned without,
charge TO holders Of the respective certificates therefor
upon surrender OF their certificates
Bonds not deposited before April is 1900 will b.
received az ALI only upon terms and condition.
as the Railway Company hereafter may nx
II is expected that the bonds will he t.,u.. an,
delivered against the certificates o, deposit. during IN.
nrst week Of July.
Dated March 81 1890
The ST. Louis, Iron Mountain & Southern p,w,v r.
BY GEORGE J. GOULD President,
A. II. cALEr. Secretary.