Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1906-09-04
MEETING TO PASS
REIMBURSEMENT
STOCKHOLDERS OF THE WABASH
TO ASSEMBLE AT TOLEDO,
O., OCTOBER 22

O., OCTOBER 22
Proposed to Issue s2oo, ooo, 900 Of q Per
Cent Bonds and $131,ooo,ooo Of
stock-other Railroad News and
Notes.
Official notice Is given to the stock
holders and debenture bondholders of
the Wabash Railroad company of a
special meeting will be held in Toledo,
o., on October % for the purpose of
considering and voting upon the follow
ing matters:
1.-The creation Of an issue of 4 per
cent tlfty-year refunding mortgage
bonds, to. an amount not exceeding
100000, 900, to bear date of July l..
1906, and to authorize the execution of
mortgage securing these bonds upon
all railroads and other properties of
the company owned by 1t at the date
of the mortgage, and thereafter ac-
CURED by the use of these bonds, or
the proceeds thereof. Reservation will
be made of sufficient number of the
proposed $780, 100000 bonds to refund,
retire and effect the exchange of the
existing mortgage bonds of the Wa
bash Railroad company and Of all it's
promissory notes and equipment obla-
cations. The balance Of the bonds are
to be used only for the betterment, de-
velopment, extension and equipment
of the property Of the, company and
for other lawful corporate purposes as
provided in the mortgage.
To Increase Stock.
2.-The increase Of the authorized
preferred capital stock Of the company
by the amount Of $16,5OO,oO0 and for
the increase of the authorized common
stock of the company by the amount
Of $S1, 100000, the par value in each
case to be 500.
| 3.-To authorize the issue Of prefer
red and common stock of the company
to such amounts, not exceeding, how
ever, $16,500.000 par value of each, as
may be necessary to effect the ex
change of debenture bonds.
4.-To authorize the exchange Of de
benture bonds for the company for the
new bonds already mentioned and the
preferred and common stock of the
!. company upon the terms and condi
lions authorized and approved by the
board Of directors.
5.-To authorize any and all neces
sary action in the premises by the di
rectors and officers Of the company.
In the official notice 1t Is specified
/ that action by the stockholders and de
) benture stockholders at the specia
meeting upon all the foregoing matter!
! is to be dependent upon the authorize
ton of the exchange Of the same upol
the terms and conditions authorized
becoming effective.
For the purpose Of the special meet
E ing the transfer books of the stock ant
debenture bonds Of the Wabash Rail
Y road company will close on Septembe
!. 8, and reopen on October %, the da.
following the meeting. The annua
meeting of the stockholders. and de
a benture mortgage bondholders will b.
held on October 8, and the closing Q
, the books, as just noted, will apply t.
the later meeting as well.
: The call of the special meeting !
signed by Frederic A. Delano pres
dent, and John G. Otteson, secretary.
Change For Allison.
With the recent changes among Bul
lington officials, which will become @
!. fective today, John Allison, trai
e dispatcher at Burlington will b
advanced. Mr.. Allison will fill tn
: vacancy left by W. F. Shelter, chic
: dispatcher at Burlington, Mr.. Shieffe
going to Creston to become chief di'
= patcher at that place.
Railroad Notes.
: The Southwest Limited passenge
train on the Milwaukee was an hou
: late last evening, caused by three di
|, ferenr derailments of freight train
# which occurred at Rathburn and My
Il tic and Excelsior Springs, Mo.
n Ross Vance, foreman Of the Burlin
h ton freight house, accompanied b
V. Mrs. Vance has returned home fro
= Kenosha, Wis.
It Henry Schwartzenbach, receivin
/ clerk at the Burlington freight hous
has resigned his position and accepte
n a position with the Western Weighir
~ association as freight inspector.
n. John Finnesy agent for the Rock
10 land at this point, accompanied
e. Mrs. Finnesy and family and Nil
=. Buelah Harper, chief clerk at the Roc
~ Island freight house, has returne
home from Des Moines.
\ Superintendent Robert Rice of Il
8 Hannibal division of the Burlingte
Up system, formerly located in this CT
- as assistant superintendent of the c
:. tumwa division, is moving his hous
hold goods to Hannibal, Mo-. where
is now located.
D. L. Peppinger, fireman on the BIZ
s. lington reported Tor duty yesterday, {
IN ter short visit.
lis 3. ]. Clifford, engineer, G. Gran
Us conductor, and e. Burchard, brakema
a. of the Burlington, the train crew WI
AZ AZ have been running the special Sta
- fair train from Abba to Des Moine
D. has returned home.
t.
" A Benefit to the Public.
III