New-York tribune., 1901-02-12
financial.
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
Hobiie and Ohio Railroad Companv:

The Southern Railway Company makes the following
ouers 70 exchange its securities tor General Mortgage
Bonds and for Stock OF the Mobile Ohio Railroad
Company which. on before the first day of March.
1901. shall be deposited Messrs J. p Morgan
& Co. % Wall Street. York; Messrs. j. $ Morgan
Co. - Old Broad Street, London. First National
Bank. Mobile. Ala:
I'd In exchange for General Mortgage Four Per Cent
Bonds Of the Mobile and Ohio Railroad Company without
the March, 1901 coupon but with subsequent coupons
atached deposited in transferable tin not
less than a majority thereof so deposited the
southern Railway Company. before the thrtieth
day OF April 1901. viii its own Collateral Trust
"od Bonds for the same amount. principal interest
payable on the same dates and secured by pledge Of
all said General Mortgage Bonds acquired or owned bv
me southern Railway Company and extent that
moneys In the Sinking Fund securing present Mobile
ana Ohio debentures shall be available redemp
@ sueh new bonds shall be redeemabe by lot upon any
interest day at 105 and interest The Trustee
o the new bonds snail be invested practicable
WIN suitable powers for the termination and extinction
OF all Sinking Funds.
The Collateral Trust Inaenture securing the new bonds
shall in all particulars he satisfactory the
me Mobile and Ohio Railroad Company. and the total
issue OF bonds hereunder shall time exceed
the total principal Of the General Mortgage
Bonds Of the Mobile and Ohio Railroad Company then
pledged Hereunder
In case a majority said General Mortgage Bonds
shall not have first above provided
on before the day March 1901 all bonds so
deposited be returned the holders receipts
therefor upon surrender thereof without expense.
O For shares of stock Of the Mobile Ohio Railroad
Company deposited in FORM as first above
provided. before the first day March 1901 Gn
case not less than majority said General Mortgage
Bonds also shall have been deposited)
railway Company, or before the thrtieth OF April
l" receiving same. will make provision for the
OF corresponding Stock Trust Certificates satisfactory
form to the Counsel Of the Mobile and Ohio
pany, emitting the holder 10 perpetuity
gold coin of the United States semi-snnua
ments sum equal dividends upon deposited stock
from April l. 1901. the four per cent. per
annum excepting that such payment for the year
shall he at the rate Of two per annum for
the second shall be at the per per
The total Of Trust Certificates shall
not At time exceed the par
OF all OF the OF the authorized
capital stock Of the Mobile Company
then acquired owned by the Southern Railway Company
In case majority Of the said General Mortgage Bonds
first above mentioned shall been deposited
frst above provided before day March.
1901 all deposited stock may be holders
Of the receipts therefor thereof
expense.
The entire transaction will he subject the approval
of the counsel Of both companies to lsgaltes.
Ry o-ier of the card of Directors