New-York tribune., 1901-02-06
finanrlal.
Mobile & Ohio Railroad
Company.
OFFICE OF SOUTHERN RAILWAY COMPANY,
SO Broadway. New York. January 81. 1901.
10 General Mortgage Bondholders,
and to Stockholders of the
1obile and Ohio Railroad Company:

The Southern Railway Company makes following
offers 20 exchange its securities for General Mortgage
Bonds and for Stock Of the Mobile and Ohio Railroad
Company. which. before the first day of March.
1901 shall be deposited either with Messrs J. p Morgan
& Co. 3 Wall Street New York: Messrs. J. S. Morgan
& Co. % Old Broad Street London. First National
Rank. Mobile. Ala:
D In exchange for General Mortgage -Four Per Cent.
Bonds Mobile and Ohio Railroad Company Cwithout
the March, 1901 coupon but with all subsequent
attached deposited in transferable form dn
less than majority thereof shall be deposite the
Southern Railway Company. before the thrtieth
day Of April 1901 its own Collateral Trust
Gold Bonds for the principal and interest.
payable on the dates. by a pledge Of
all said General Mortgage Bonds acquired owned by
the Southern Railway Company: and that
moneys In the Sinking securing present Mobile
and Ohio debentures shall be available for such redemp
o such new bonds shall be redeemable by lot upon
interest day at 105 and The Trustee
for the new bonds snail be invested practicable
with suitable for the termination and extinction
Of all Sinking Funds.
The Collateral Trust Indentre securing the new bonds
shall in all particulars be satisfactory counsel Of
the Mobile and Ohio Railroad Company. and the total
issue of bonds Hereunder any exceed
the total principal Of the said General Mortgage
Bonds OF the Mobile and Ohio Railroad Company then
pledged Hereunder
In case majority said General Mortgage Bonds
shall not have been deposited nrst above provided
on OF before the first day March 1901 all bonds
deposited be returned holders the receipts
therefor upon surrender thereof without expense.
~ For shares of stock OF the Mobile Ohio Railroad
Company deposited in transferable form first above
provided, on or before the first March 1901 dn
case not less than majority General Mortgage
Bonds also shall have been deposited) Southern
Railway Company, before the thireth day Of APRIL
1901 receiving same. viii make provision issue
OF corresponding Certificates satisfactory in
form to the Counsel Mobile and Ohio Railroad Com
pany entting the holder TO receive in perpetulty in
gold coin Of the United States in sem-annual install
ents sum equal 70 dividends upon deposited stock
rom April 1901 AZ the Of per cent. per
annu. excepting that payment for nrst year
shan be at the rate II two per per annur
the second shall be per cent per
annun
The total Stock Trust Certificates shall
not at any time exceed the par
Of all Of the snares Of the
capital stock of the Mobile Railroad Company
then acquired by the Southern Railway Company
In majority II the said General Mortgage Bonds
FIRST above mentioned shall not have been deposited as
FIRST above provided day OF March
1901, all deposited stock may the holders
~ the receipts therefor thereof
expense
The entire transaction will be subject approval
Of the counsel OF both companies to egalities.
Ry order Of the o.