Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-05-03

PER COMPANY
4 Broadway,
New York City. y. y, January o. lyIZ
To the Stockholders of INSPlRATIoN
COPPER COMPANY and LIVE DAN
DEVELOPMENT COMPANY -
Inspiration Consolidated Copper CON-
pany, incorporated under the iaWs OF
Maine with an authorized eaptai OF
$50, GOO 900. all common stock, dlNlded mo NJ,
offers the stockholders OF lnSpfatoh
Copper Company, Maine corporation,
and Live Oak Development company, an n
ARIZONA corporation. the priNiiese un.h
and including January y. l9l2, OF eN-
changing their stock for full paid stock
of rnspiration Consolidated Copper Com
PAM Two ",' shares sre Dse Of inspiration Copper
Company stock for one share oil, In
SEPARATION Consolidated Copper com
P', One share of Live oak Development
Company stock for two shares OF IN
spration Consolidated Copper Com
pany stock
GUARANTY TRUST COMPANY OF
NEW YORK, No. y Nassau street
New York City \. y.
KIDDER. PEABODY & CO. No. 10
Devonshire Street, Boston. Mass
are authorized. until and including Jan
nary 20 1872, to receive ceruiIcateS OIL
stock OF your Companies offered for eX-
change on the foregoing basis when Sucn
certificates are endorsed and Witnessed
SO as to make a good delivery unaer the
rnles of the New York Stock Exchange
ar the Boston stock Exchange. as the
case may he. and must be accompanled
by written instructions SiyihS name anu
address of person to whom ceftlheaIe )
To he issued. Temporary stock eentih-
Gates will be issued as soon as pre-
NJ fraction of a share will be issued,
hut the Depository will pay $40 IN cash
for any odd share of Inspiration copper
Company SO deposited.
XII stockholders of Inspiration Con-
solidated Copper Company of record at
the close of business on February l. W.,
will be offered the privilege, to and IN
Guiding March /, 1912. of subscribing for
its 81 900 900 of convertible bonds at par,
pro rata to the number of shares held
by such stockholders respectively, or IN
less amounts, but only in multipieS oil
$500 payable in four equal instaiments on
March /, 1912, September !; ISL. March |.
lgl3. and September |. 1913. These bonds
viii Be- Ten Year six per cent. coupon
bonds, convertible into stock OF, the Com
pany at S25 per share, redeemable by the
EonSpany by lot at $40 with accrued IL
ferest on any interest day, and Will be
in denominations OF $500 and $1,000 each.
All the stock required to. effectnate the
offer made by Guaranty Trust Company
of New York and liidder, Peabody & Co.
to purchase stock of your Companies,
and also said s6,000,0oo bond issue, have
been underwritten at par by responsible
parties.
The Company intends proceeding inn
mediately to have erected Concentrat-
ing Plant of not less than $50 tons daily
capacity to treat the Inspiration and
Live Oak ores. and contemplates that not
over LOCO 900 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 800 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 of
INSPIRATION CONSOLIDATED
COPPER COMPANY.
J. w. ALLEN, Secretary