New-York tribune., 1901-03-05
Ginanrlal.
Union Pacific
RAILROAD COMPANY.
First Lien Convertible Four
per cent. Gold Bonds.
No. l2o Broadway, New-York.

February l3tn, 1901
To the HoIder. of Preferred and Common
stock of Union Pacific Railroad Company;
This Company by Of its Board Of Directors and
Executive Committee authorized the issue OF $780,
600 900 OF teyear per cent gold bonds 10 De known
as First Lien Convertible -Four Per Cent Gold Bonds to
be secured by mortgage upon unmortgased railway
belonging 10 Company and by the pledge Of securities
owned by it and held its treasury. THESE BONDS
WILL subject the authorization Of the necessary IN
crease OF the Company's common stock BE CONVER-
TIBLE AT THE OPTION OF THE HOLDER.
on OR AT ANY TINE BEFORE NAY 1sT. 1905,
INTO THE COMMON STOCK OF THE COM
PaNY AT PAR-THAT is, AT THE RATE OF
TEN SHARES OF STOCK FOR EACH BOND.
ALL OR ANY OF SUCH BONDS MAY BE RE
DEEMED BY THE COMPANY AT PREMIUM
OF 21-2 PER CENT. on ANY INTEREST DAY
AFTER THE FIRST DAY OF MAY, 1906. upon
notice published in two newspapers IN the Ciy OF Ne"
York newspaper in the Cty OF Lond0h' Eng
land once eight consecutive weeks preceding
such interest day In part Of the bonds are re-
deemed they shall be chosen by lot Ine oonds VIII
mature May and bear interest from Nav lst
1901 at the of four per cent per annuH. payable
semi-annusy the first days Of May and November N
each year principal and interest will be payable N
gold and free The bonds will carry coupons for
r,ess, and the usual provision made for their
registration and provisions Of the bonds
and the mortgage reference made to forms OF hose
Instruments inspection Of which when completed may oe
had ~ the ofnce O Company.
For the purpose Of providing for the payment for
shares Of stock the Southern Pacific Company pur-
chased s4o.oOoOOO OF SAID BONDS ARE NOW
III LID
ERs OF THE COMMON AND PREFERRED
STOCK OF THIS COMPANY. OF RECORD AT
THE CLOSING OF THE TRANSFER BooKs
FEDRTARN 23D, 1901, MAY SUBSCRIBE FOR
SAID BONDS AT PAR AT THE RATE OF ONE
BOND FOR EVERY FIFTY SHARES OF
STOCK HELD BY THEM.
SUBSCRIPTIONS MUST BE MADE ON OR
BEFORE THE 10Th DAY OF MARCH. 1901,
AT THE OFFICE OF THE COMPANY, NO. 12O
BROADWAY. NEW YORK, WHERE BLANKS
WILL BE FURNISHED UPON WHICH SUB
sCRIPTIONS MUST BE MADE
payments on account OF such subscriptions must be
,nahs at the ONCE Company in New York in install
rnents and at follows:
., ner the time Of making the subscription.
namely: on or before March 2oth 1901:
25 r,er cent. on before April 10th 1901
as nAr cent on or before May 2Oth 1901:
Ok ,s- sent on or before June 1oth 1901.
a. ~. average date Of foregoing payments.
~, ,st 1901 is date from which interest
the new bonds adjustment OF interest will De re
ou,red but deferred payments may be anticipated
80 discount at the rate Of two cent per annunL
when full paid certificates will be issued
~ s,bscripon for a fraction Of bond will be
.,ras bu, as rights subscribe be assigned in
accordance blank form which will he furnished
80, snnlication said Office of the Company in New
1 any holder certificates OF stock for number of
which be divided by nifty without leaving
,ain6er may before making subscription buy or sell
enough rights TO make his holdings divisble. The
c,onnpany viii itself buy or sell rights.
The right Ia subscribe Will expire mt three
o'clock y. NJ March Goth. 1901 syndicate
h heen formed TO par portion of said s4o.
coo oo of which shall not have been subscribed for
within the period above specified.
r,,ure 10 nav any nstament Of the subscription when
- M nsvabe will forfeit all rights in respect of the
bonds subscribed and insalments previously paid
subscriptions accompanied by payment Of the first in
of % per all be in the hands
:. r V : Crosby Treasurer. 120 Broadway New York.
bssor. three o'c P. NJ March 10th. 1901 Sub
,,ton certificates transferable by delivery will be issued
10 subscribers.
r. hon6s bearing coupons from May 1901.
interim certificates representing said bonds Will be de-
,ershl. on surrender subscription certificates with all
avuents OF reeepted thereon at the office OF
The Company New York on and after June lOth l9ol
BY order Of the Board of Directors
ALEX. MILLAR. Secretary.