Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1903-11-28

;. Inc present Issue Of First Mortgage
Bonds will he reduced from s5.SiiD. OOI to
s5,OOO,0O0. 10 which amount the issue will
he limited, the reduction IN the issue being
erected 10y the cancellation Of SsGD.OIO of
the bonds now held as collateral to loans of
the Company.
The Preferred stock will bc Ave per cent
Cs, noncumuntivc Preferred Stock. entitled
To receive noncumulativc dividends ~ Il rate
not To exceed I'VE per ccntum per annum
before the payment OF any dividend on the
Common Stock, but shall not be entitled to
any dividends In excess OF i've per ccntum
shares OF stock shall he OF the par value
Of one hundred dollars each.
FIRST MORTGAGE BONDllOIDENS.
The present holders II the First Mortsagr
Bonds asserting 10 the Plan will have their
bonds STAMPED. showing that the Issue has
been reduced and limited to S5.OOO,OOD. aud
that such bonds are made rcdcemable ut
100 ana accrued interest to date Of rcdemp'
tion.
INCOME BONDHOLDERs. The present
outstanding issu" Of Sl,l.l,O00 NJ Income
Bonds will he reduced to nm issue Of 1000.
100 by the cancellation Of sufficient OF said
Income bonds controlled by the Company,
Each depositing Income Bondholder will he
entitled to receive new Preferred Stock ut
par. equal TO eighty per cent OF the face
value of bonds deposited.
STOCKHOLDERS. Each dcpositlng stock
holder shn u. on the payment or Two Dol
lars per share Tor each share OF stock dr,
receive four'tenths H.1O) OF share OF new
Common Stock and four-hundredths a, 100
Of share Of new Preferred stock, Scrip
| will he issued for fractional amounts.
For the settlement of the demand OF the
Northwestern Elevated Railroad Company
against The Lake street Elevated Railroad
to s71oGist I The New W. Company viii issue
and deliver to the Northwestern Elevated
Railroad Company Its Dehenture Notes to
the par or face value of S'iooooo TO mature
January !, 1909, ana to draw interest at the
rate Of two per centum per annum from
January LIST, 1904, to maturity.
Security Holders Of The Lake street Ele'
waited Railroad Company who have not ms
yet deposited their securities with the Com
mlttce must deposit the same under the
Plan on or before December II, 1908.
Security Holders who have already d",
positcd their securities with the Committee
! will be considered as asserting to ana np,
| proving the said Plan, unless said Security
| Holders shall, within the period OF thirty
days from the time of the mailing OF SAID
| Plan to such Security Holders, dissent
thcrcfrom, In writing, addressed to the Com
mittec,
tanned from the Secretary of the Commit
| tee or from the Depository.
! Deposit securities with Illinois Trust and
Savings Bank Depository.
| In order TO give effect 10 the Plan as soon
I as possible, the Security Holders are requested
| to assent TO the plan AMI 10 deposit their
: securities wIthou, delay.
H. y. HlGINBOTHAM,
hnlr.nan
Securities DAVID II, FpRGAN,
Cunnltte, ll.L<E \. HAtGAN,
CORY T.. ROBINSON,
lTuOMAS TEMrLEroN.
W. q. ADAM ), Secretary
iS5 Adams Street, Chicago
The Stu,khn'drrs Protective Committee
heartily alpoycs ana culors,s the above
Plan IL Il, organization Of the Lake street
Elevated Railroad Company, and recon
mcnds aud requests that ali stuckho. dcrs
. will, without delay, assent thereto and de-
/ noglt their Certificates Of Stock hereunder
/ Will the Illinois Trust and Savings Bank.
EDWARD A. DECKER,
". II. COLNlN,
CllAS. II. GREY,
ocEhoiders' NEl lin u, loNNELLEh
Protective ( AFFIXED MUM,
Committee CORY l.. ROBINSON.
HENRY e. HACKNEY,
CHARLES 4. PAGE,
JAMES BOLTON,
The Income Bondholdcrs' Protective Com
mittcc heartily approves and endorses tn,
above Plan Of Reorganization OF the Lake
street Elevated Railroad Company and rec
OIumtnls aud requests that all Income
Boadnnders VIII, without delay, assent
ia RIO aud deposit their Income Bonds
there, ndcr with the Illinois Trust and Saw
in.s Eauk.
Income EnW nHn q; ~ hEh,
pro e-t.ve GEO. y. IiEAFFORD,
Comnittse n. {. MCDONALD.