New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-08

On September 90, 1905. Board Of Directors au-
thorzed the issue OF s12oeOOOO the Four Per Cent
Convertible Gold Bonds of the Railroad Company
secured by its General Mortgage dated April l. 1908
for the purpose among other things as specified in
said mortgage, Of acquiring than a majority OF
the shares of capital stock the Cincinnati
Hamilton Dayton Railway Company.
These new convertible bonds be designated as
Series B. The bonds to be dated October 1906.
maturing April ]. 1853 with interest payable semi
annually April and October l. and at the option
of the holder they to be convertible at into
common stock of the Company at $50 per share, at
any time after years before years from
the date Of the bonds Their issue has been author
lied by the Board Railroad Commissioners, to whom
application will be made authorize the stock in
crease necessary for such conversion
The General Mortgage authorizes the issue OF $50
100000 convertible bonds. $1ooo0eoO of such bonds
designated Series 4 and convertible into
stock OF the Company so therein stated)
heretofore been issued and appropriated proposed
in the Erie Circular stockholders dated February IT,
1908 Upon the issue of the s1eO0o0O0 Series bonds
above described. the total amount outstanding unde!
the said General Mortgage will be s2z,0o0.0oO The
General Mortgage covers the railroad, property and
franchises of the Erie Railroad Company therein de-
scribed. and also VIII the Cincinnati. Hamilton
& Dayton Railway stock acquired With the proceeds Of
the Series B bonds.
There now offered to the registered stockholders
OF the Erie Railroad Company October 81, 1905.
preferential opportunity rataby subscribe for and
to take the sI2 100000 Series par and
tract with Messrs. ]. P. Morgan Co. as Managers
of Underwriting Syndicate Gin which themselves
and other members of the Board of Directors in
cIuded), whereby the Underwriting Syndicate, for
commission Z per of the par amount of said
SI2000o00 Series bonds. has agreed to take any and
all OF said S12 100000 Series bonds which shall not
be taken by the stockholders under this offer
For the purpose Of determining the right to sub
scribe said bonds stock transfer books of the
Company win be closed at three O'Clock P. NJ on
October 81, 1905, will be reopened November Is,
1906 ten o'clock A NJ
Only stockholders registered such the transfer
books October a. 1905 will be entitled 90 subscribe
for Series bonds. Holders OF First Preferred.
Second Preferred or Common stock will be entitled
to subscribe for S655 of the Series bonds for each
500 par value Of stock registered their Suit
subscription will be issued to each stock
holder specifying the of bonds TO which such
stakeholder is entitled to subscribe.
Payments for the Series Il bonds are TO be made In
full on or before November %, 1905, at par and ae-
The privilege of subscription may be
sold in whole I'm part, and the warrants Will bear
appropriate form of assignment for this purpose
No subscription assignment thereof viii be reeog-
nized unless made on the warrants furnished by the
Company.
Stockholders residing in Great Britain Europe
Messrs j. Morgan Co., ~ Old Broad Street, Lon
dom f. c.. England, authorized to receive the
same for transmission to New Ycrk at a rate OF ex-
change, of which due notice Will be given.
Holders of Stock Trust Certificates must exchange
the Same Certificates TO be able to sub
scribe
By order of the Board OF Directors.
ERIE RAILROAD COMPANY,
BY f d. UNDERWOOD. President