Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-05-19

INSPIRATION CONSOLIDATED cor
PER COMPANY
AZ Broadway,
New York City, n. Y, January s, 1912
TO the Stockholders of INSPIRATION
COPPER COMPANY and LIVE OAK
DEVELOPMENT COMPANY:
Inspiration Consolidated Copper Conn
pany. Incorporated under the faws of
Maine, with an authorized capital of
$5 ". ,oo eI 600 all common stock. divided into
1,5ooOO0 shares. par value $50 EACH hereby
offers the stockholders of Inspiration
Copper Company, a Maine corporation.
and Live Oak Development Company. an
Arizona corporation the privilege until
and including January 20. 1912, OF ex-
changing their stock for full paid stock
of Inspiration Consolidated Copper Com
Two shares of Inspiration Copper
Company stock for one share of In
spiration Consolidated Copper Com
One share of Live Oak Development
Company stock for two shares OF In
spiration Consolidated Copper Conn
pany stock.
GUARANTY TRUST COMPANY OF
New York City, n. Y.
and
KIDDER, PEABODY & co, No. lis
Devonshire Street, Boston. Mass.
are authorized, until and including jan
uary 30, 1872, to receive certificates of
stock of your Companies offered for ex-
change on the foregoing basis when such
certificates are endorsed and witnessed
so as to make good delivery under the
rules of the New York Stock Exchange
or the Boston Stock Exchange, as the
case may be. and must be accompanied
by written instructions giving name and
address Of person to whom certificate is
to be issued. Temporary stock centif-
Gates will be issued as soon as pre-
pared.
No fraction Of a share will be issued,
but the Depository will pay $40 in cash
for any odd share. of Inspiration Copper
Company so deposited
All stockholders of Inspiration Con-
solidated Copper Company of record at
the close of business on February /, 1872,
will be offered the privilege. to and in
Guiding GO March dad ], 1872. Of subscribing for
pro rata to the number of shares held
by such stockholders respectively. or in
less amounts, but only in multiples of
$500 payable in four equal instruments on
March !, 1872 September !. l9l2. March |,
1913, and September /, 1918. These bonds
bonds, convertible into stock of the Com
pany at SIS per share, redeemable by the
: Company by lot at $40 with accrued in
terest on any interest day. and will be
in denominations of $500 and 81. 600 each
All the stock required to effeetuate the
offer made by Guaranty Trust Company
of New York and Kidder. Peabody & Co.
to purchase stock of your Companies,
and also said s6,o00O00 bond ISSUE have
| been underwritten at par, by responsible
parties.
| The Company intends proceeding i'm
mediately to have erected a Concentrat-
/ ing Plant of not less than 1850 tons daily
| capacity to treat the Inspiration and
| Live Oak ores, and contemplates that not
over 1000.000 shares will be required to
| accomplish this and provide for the
above exchange of shares and conversion
| of bonds.
The New York law requires payment of
| a stock transfer tax of two cents on
| each 500 and fraction thereof, par value
of the stock. Certificates deposited with
Guaranty Trust Company of New York
must be accompanied by money or the
tax stamps to pay this tax.
| By order of the Board of Directors or
INSPIRATION CONSOLIDATED
| COPPER COMPANY.
]. w. ALLEN, Secretary.
GUARANTY TRUST COMPANY OF
/ NEW YORK
IS Nassau Street, New York City, N. Y.
/ KIDDER, PEABODY & co.
1l5 Devenshire Street, Boston, Mass.
| January 6, 1912.
To the Stockholders of INSPIRATION
COPPER COMPANY and LIVE OAK
/ DEVELOPMENT COMPANY:
The undersigned. as agents for under
writer's, hereby offer to purchase Tor
cash until and including January %. 1872.
shares of Inspiration Copper Company
and shares of Live Oak Development
Company, an Arizona corporation, at $4o
per share.
/ All certificates offered must be en-
dorsed and witnessed so as to make
good delivery under the rules of the New
York Stock Exchange or the Boston
Stock Exchange, as the case may be, and
must be accompanied by written IN
/ structions to whom payment is to be
made and where checks are to be sent.
i The New York law requires payment OF
a stock transfer tax of two cents on
each 500 and fraction thereof. par value
of the stock. Certificates deposited with
Guaranty Trust Company must be ac-
companied by money or the tax stamps
to pay this tax.
GUARANTY TRUST COMPANY
OF NEW YORK.
KIDDER, PEABODY & co,
Agents.
State OF MAINE