New-York tribune., 1909-06-13
REORGANIZATION
OF THE
Chicago Great W estern
Railway Company:

Debenture Stock. Preferred Stock A, Preferred
Stock B. Common Stock
CHICAGO GREAT WESTERN
RAILWAY COMPANY;
At the request Of the London Committee for
Debenturs Stock Of the New York COMMITTEES for
Debenture Stock and of the New York COMMITTEES for
Preferred Stock A. Preferred Stock B. and Common
Stock undersigned consented to act as Reor
gsnEation Managers in carrying out a Plan for the
Reorganization Of the Chicago Great Western Railway
Company. Copies of the Plan and Of the accompany
ing Agreement participating stocks may be
deposited be obtained at Office
NEW COMPANY.
A new Company Is TO be formed under the laws Of
Illinois or some other state purchase or after
judicial sale the property the existing Company.
including the stocks of the subsidiary companies
The new Company is TO authorize the following
securities:
C1) First Mortgage Fifty-Year -Four Per Cent Gold
Bonds to bear interest from September l. 1900
Such bonds the aggregate amount % S2S'OooVoo
issuabIe upon presently after the compile
tion reorganization for the purposes thereof as
stated in the Plan.
Additional bonds secured by said mortgage 10 such
further aggregate amount as shall be determined by
the Reorganization Managers shall be reserved TO De
Issued stated the Plan.
Preferred
amount Of $50 600 OOO which s4io21 4o2 Is to be
the purposes of the Plan, and the remainder
be from tine time shall be determined
by the Reorganization Managers by the Board OF
Directors of the Company.
In each fiscal year until 80. 19f4. the holders
OF the Preferred Stock shall entitled to non-cuu-
lative dividends the four % cent per
annun: unless and such dividends from time
to shall declared. and the amount
thereof paid aside for payment dividend shan
be declared in such fiscal year other stock OF
the Company. In and for each and every fiscal year
so 1914 holders OF the Preferred stock
entitled dividends at the rate Of
a. per per before dividend shall
be declared any other stock of the Company
preferred is preferred also 20 principal
upon liquidation and has such other rights and Is sub
feet 20 such other conditions Plan
The Common Stock shall be subject to the rights
preferences the holders Of the Preferred Stock
any time outstanding
II and when permitted by law. the new Company
shall have the right at option any time to
deem and cancel its Preferred Stock. by payment to
the holders stock Of the par amount thereof
and any accrued and unpaid dividends for any fiscal
year or years after so. 1914.
C3) Common Stock aggregate amount Of
O00 Of which s45 24563 is 70 be used for the
purposes Of Plan and the remainder is to be used
as from time time shall be determined BY the Re-
organization the Board Of Directors Of
the Company
VOTING TRUST.
All stock Of the new Company except such number OF
shares as may he necessary TO qualify shall for
the period Of five years organization OF the
new company be vested in Messrs PierpOnt Morgan.
George F. Baker and Robert Fleming Voting Trustees.
with power to u vacancies and other powers stated
in the Voting Agreement whose terms will be
scribed by the Reorganization Managers. The Voting
Trust is to be subject termination time in the
manner stated IN the Plan
RESTRICTIONS AS TO ADDITIONAL MORTGAGE
DEBT AND PREFERRED STOCK
Provision is to be made that mortgage other than
that mentioned in the Plan. be placed upon
property to be acquired by Company. shall
the amount Of authorized
Plan be increased instance after obtain
ing the consent writing os holders Of majority
Of the whole amount Preferred time
outstanding Of the holders OF majority
Of the amount OF represented
voting at meeting OF stockholders called pursuant
notice indicating subject be upon
Provision will be made that during the continuance
OF the voting trust writing
Ike Of voting certificates for Preferred
Stock shall likewise be necessary for the purposes nd
Gated.
FINANCIAL.
The cash requirements property for the purposes
of the reorganization payment Of outstanding debts
tother mortgage bonds subsidiary com
panies provision setterments improvements
and equipment. follows:
Notes other oolisations. with unpaid in
terest accrued and TO accrue and expenses
Of receiyership and re9Iganlzs ton SIS 600 600
dtonsl locomotive terminals and shops. sd-
PROVIDED, say 9SS2.2I4
Total to be provided. s24 s92 "a
Such cash requirements be met by the Syndicate
IN forth IN rha