New-York tribune., 1901-02-24
uobile & Ohio Railroad
Company.
T OF SOUTHERN RAILWAY COMPANY.
. Broaawsy. New York. January 81. 1901.
r. GENERAL Mortgage BOndhOIders,
,,a 10 Stockholders of the
1obile and Ohio Railroad Company:

s,rsss-n Railway Company makes the faI1Utre
= - exchange i's securities Tor General Mortgage
I -. "a Tor stock q the Mobile ana ONO Railroad
\ - uhich. on OF before frst dav q March
- .bsu BE- deposited either SIth Messrs J. p Morgan
- q wall street. New York Niessrs J. s. Morgan
!, e 0a Broad street. London. First National
-s Mobile Ala
hi IN exchange Tor General Mortgage -Four Per Cent
q. n the Mobile and Ohio Railroad Company oUtho,t
= March 1901 coupon. but with all subsequent coupons
-bes) % deposited In transferable tn case not
> ,bsn a ma iorJy thereof shall b 80 deposited tre
..ssrn Railway Company, before the thIrtisth
y !, Aprl 1901. Vil issue It's own Collateral Trust
Il, Bonds OR the amount. principal ana interest
-. on the dates. and secured by a pledge or
d ssa General Mortgage Bonds acquired owned bv
!. sorfhern Railway Company and 70 the extent that
.rs IN the Sinking Fund securing present Mobile
- 0hio debengres snail he available for such redenp-
r seh new bonds shall he redsemable by lot upon any
-.s., cay a. 100 and accrued interest The Trustee
- ne nee bonds snail he invested pracucahle
IN suitable powers Tor the termination extinction
q al snking Funds
n. Collateral Trust Indenture securing
.n IN eli particulars he satisfactory the Of
!, Mobile and Ohio Railroad Company and the total
.s q bonds hereunder shall az any time exceed
hs total principal sum u the said General Mortgage
souss q the Mobile and Ohio Railroad Company then
,sdssd thereuuder.
m csss q majority % ssid General Mortgage Bonds
hsn been deposited first above provided
N Or before the first day of Marrh 1901 al bonds
.s-sfsr upon surrender thereof without expense
g For shares 81 stock OF the Mobile Ohio Railroad
-omusny deposited transferable form first
,-sraacd before the first day OF March 1901 ON
s-s uot a majority q said General Mortgage
ssnd shat have been deposited the southern
q.uay Company on before the thirteth day of April
1911 receiving sane Nfl make provision for the issue
!, corresponding Trust Oertihcates satisfactory m
arr 70 ths Counsel OF Mobile and Ohio Railroad CON-
ANY ne holder receive IN perpetuty.
,1d coin Of the United states seui-annuaI install
nnls equal dividends upon the deposited stock
nor April 1901, the % four per cent Der
suum excepting thar such payment for the first year
hal the rate of PER per annum. and Tor
year shan be the 0f three per per
ne of such Stock Trust Certificates shall
time eNcsed the aggregate q the par value
o. he or the present authorized of the
,ptal stock OF Mobile and Ohio Railroad Company
ben acquired owned by the Southern Railway Company
In case majority of the General Mortgage B0nds
srst above shall not have been deposited as
above provided before the FIRST day OF March
1901 deposited stock may be hoders
receipts therefor upon surrender thsre0f without
Epsrse.
ne entire transaction viii Be subject approval
q the counsel u both companies 20 lesalities.
~ order Of Bard o. Directors.
SOUTHERN RAILWAY COMPANY,
BY SAMUEL SPENCER.
g7restdsRs