New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-04-14
St. Louis Southwestern
Railway Company,
Dated February 6, 1902, and March b.
1902:

Referring to the published dated February Ctr
1902 and March 18th. 1902 respectively Of St louis
Southwestern Railway Company addressed holders
OF its Second Mortgage Go Income Bond Certificates tn.
Railway Company announces in view Of the dero.;.
Of than two-thrds OF certificates under the
terms and provisions Of said notices proposes
Subject to the authorization approval OF its stock
hoders) to create an issue Of S2OO0OOO Thty-Year
Four Per Cent. Gold Bonds finance the purchase FIR
the system OF certain branch securities Of other
companies already acquired in process acquisition;
to acquire and fund existing equipment obligations now
outstanding and to purchase further equipment; make
improvements and betterments upon and renewals OF
Toadbed and property acquire equip
extensions railways Of the system ar
rate not exceeding $4,000 par value such bonds
for each mile of railroad acquired upon
which the shall become first lien directly
by pledge Of representing and
ownership: acquire any part outstanding
Second Mortgage Gold Bond Certificates Of the
company and for other corporate purposes. The
bonds be secured by Subject
ing mortgages all the railroads. terminals equipment
and property owned by the company and covering
bonds stocks. securities
and all Gold Bond Certificates
and Equipment Obligations Of the acquired by
bonds their proceeds. and all add
extensions and branches constructed acquired
Holders Deposit Receipts Of The Mercantile Trust
Company Issued under and provisions Of
will be entitled the due
Of the proposed by the soekhold
special meeting already called for that purpose
upon OF the bonds secured By said mortgage
prior July 1902 and upon surrender Of said Deposit
Receipts to receive the bords equal
at par par of the deposited Second
Mortgage Income Bond Certificates and in addition will
receive subscription assgndble emitting
the holder subscribe for $500 value OF the
additional a price equal 90cc OF their
value and interest in $1,000 par Of
said Deposit Receipts such subscription being payable
as the Railway Company prescribe Holders Of
Deposit Receipts the time Of the surrender thereof
as aforesaid sell deposited certificates represented
thereby for cash eighty Per their value
with accrued interest price payable at the
Office Of The Trust Company the time of
the bonds Interest upon the new bonds
will accrue from 1902 and accrued interest upon
the deposited certificates exchanged for the bonds
will be adjusted in date Nessrs. Kuhn,
Loeb < Co have formed Syndicate which has agreed
TO purchase OF the bonds as may not pc SUD
scrbed by holders Of Income Certificates as well as
such Of said deposited certificates the holders Of De-
said Certificates so purchased be exchanged by
said SYNDICATE for new bonds the Of exchange
hereinbefore stated
All Second Mortgage Bond Certificates and all
Equipment obligations OF the company deposited under
the new mortgage are kept alive pending the
pIete acquisition Mortgage Income Bond
Certificates held for the benefit and security
Of the holders OF the bonds
In case the new mortgage should he authorized
and executed and the bonds hereunder be ready
for delivery Deposit Receipts prior
returned the holders Of Deposit Receipts
upon surrender thereof
ST IoU-s soUTHWE sTERN RAILWAY COMPANY.
BY EDWIN GOULD. President.
New York. April - 1902