The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1915-08-18

1oDy. oHvoo1 90 b sod
- 1n3 s,, sre az ~. 49, ssk az
@ xS(x vklsk are issued sr
tQny>11 ~ The payment OF
~ ~ HQb&h oocufe6 by
~ - unfevlyle4 mort
- 81 e - "a * sh hs
I'LL n llsa o. the prop
80 ohAlt beeogpe due sn or
3o0Uary IL lt9A and payment
1o0olkor with INTERCEPT there
- lnae OF transfer Of posses-
V S5)1ay conpany out q earn
Doe such termA and In such
- tho Court naay decree. II
>KIloo - oned. shall be less than
e3l bOaded debts and more than
311r0c& mortgages upon the city
~ decrse she'll specify the ex-
- nu0bos ave to ten. Inclusive,
y Ae1ile AZ which u To be paid
1919 ~ such price taking the
EGuges n the order set forth I'm
&oGoID a, II the price 80 nxed snail
- than the direct mortgages
yo9oncs shall be either provided for
- oy the Railway or amply Sc
~ hY the Railway. ~ the court
~ N IT. decree direct.
~ The City and any municipal
t0oy IN control OF the railway
~ - manage and operate the
4 and shall 20 exercise their pow
~ earnings to pay. and the City
N voy from such earnings ta) ell
@eA11ng expenses. Obj tho cost OF
R'D&AtNtng the said property In all
ooto In ~ high q state OF eff
to q when delivered TO IT. tcl
t6&oa and interest. td) the $4,000
p1nk due each year upon the prin-
TA le) and will make deposits In
3 sinking fund created In accord
- with the provisions OF the pro-
49, y charter amendment attached
E6fo 90 be known ~ The Detroit
t0et Railway Sinking Fund" as fol-
RI Twenty-f Thousand dollars
IL last day OF each month. begin
~ July. 1915 thereafter. and until
300ry I, 1892, 1.35 per cent per
n0Cn ~ oaid purchase price in equal
1Athly tnstAItments on the last day
ocG month. The management and
3Seo1 ot the said sinking fund. the
l{1lfpm upon the said bonded
~ 6ha1l vest In the Board OF Street
LIroY Commissioners OF the City,
reh CITY Agency ~ may succeed
u Tie aid court shall by its de-
X amply provide for the payment
'30&A bxeees. II any. OF such mort
- 49, - - ~ ~ t<~A
~ Railway Company. so that the
X shall be thoroughly protected and
= pfopert Transferred to the City
0yo1y freed Of all debts. demands
7 nabilities. except the mortgage
W ~ ~ paid ~ part Of the price.
MI 1nasmuch as the bondholders
6jtltaliy interested. therefore II IL
|9to4o Of all tho mortgages describ-
~ 0chedule A parties defendant in
~ oe1it and the Railway Company
~ procure the trustees for the
y H014eFp TO enter their general
Sn1ees In such suit to enforce
n9Ftfact IL order that All persons
Ss1D1lo pasoed This stipulation Ii
Soot1Al coAdition OF this con-
M New trackage or routes built
4 ~ CITY upon streets or portions
qoetg mot now In use shall not
14 q4der extsttn8 mortgages and
l1o4f4e oA4H % provide.
T. Q1ty may abandon or remove
IN Nn1on ~ reason OF shtfting
1891 80 tns IKE becomes use
tS&& 1o2roxltanie. upon OBTAINING
n9es eevsring the property az
". 81.
49, 70 ~. makters pertaining
1oses uIe Agreement. SO Tar
X~ysxs sScn matterA snau De
.l 49, me parues ana upon
~. 70 unIcIeseen contn-
en 49, Sttso ano metters
1 ny ccvsreo py
w ~ suo pss tns
e. =. ~ LSs % sccept And
MSs oecSse % the court
". seS.s- 49, $1,000. 1u..
"a ~ 49, - H
EI = 1ssss =. Y ~. - -. n.n rosusv'
- 49,. S
@S sy ~ ~ ooo
.s: ssZ5' ~ - sss o III
<S - s.ss .s ue-
retesng 20 tns nsanaGs-
n "a scv" - 49,
me brcpsF IN tue
S-r 49,
49, - execaslon ena per-
@ n Al
49, M sct'vn. snu ~
% nctm oetween tne
&<1| 49, 49,. ~ tnersoy setueo' re-
~ IS, sost: =. incurred .sSr a. BY .,tnsr