The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-06-27
Chicago Elevated Railways
Two.Year Five per cent. Secured Gold Notes
To the Holders of Said Notes:

To the Holders of Said Notes:
,,,n The IT s. assys 1S' dHsns;Ss we're sins isss ssd. , Sa., i; ;b n' CITY as Of pe cst ssa
has appointed a Commission of eminent engineers . fy
the uniaeation of ali the elevated and surface lines in the city.
inn inns the Som prnmSlrat is no oS s asiv psn e aaS "f a 1 roS municipal
action in the matter, it is neither practicable nor desirable to
S or ssfS ns ss' 'o 1"s H. an ISis' :. a nHa ai S* sHG "ses S' '''
iner. .as t Gs's ssIa. r' sf the . ssHTsy' ts s", a. sT; ss'ssde % 1 %ss:,'. aas
R5Sp1:ss such Sr1. s e N Sno ,ht sSs foi HnSfr the tsrm provisions OF a"
l., The interest on the extended notes will he increased
fsSm the . essssn, ,sfS '5 New to COUPON sy per ss Ssst: , to evidence IGssTn s"1 sass
future interest will be attached to each extended note.
$1,000 face amount of extended notes.
v,,u: 3; Of In. r sstSTi,y to for an. .sd By yx way sf n %sts!'"' increase OF the
t) Chicago Elevated Railways will ACQUIRE and pledge as
security S,y under the Extension on Asr re- %st.d pr s5ni,s1 stD nGte, no, %,
constitute the sole collateral securi'. Ms, pledged ID c under It the Trust muss
issued: These promissory notes will aggregate. approximately,
priority to the Collateral securities under the Trust indenturs of
pledged under the Extension Agreement as security for the pay
ion f. floating indebtedness of the Railroad Companies amount
ing approximately to $ ,ooo,ooo, incurred principally as a result
of betterments made to the railroad properties and now like.
,s r Tsnti I%d ,T prIsr of , to the !, f isla 4; ana securities pledged under
() Chicago Elevated Railways will procure an agreement
with c t"nny?dG so tSo E Rai%o,S dG Gnmnsri whe aSsy J I1 ' so' io Tor
and until the Extended Notes shall have become due; will be
i hse's debt q : subsidiary tstit N Companies "1a i pI Isx sas sapital = dsS,5 5 not
! Estsadsa Notes 's s1 shall 3'a apcn fG sais prove f iH'sfsis sas' to pa , sa :
Ss, pinssd On S1' s panty in full Wi, i"s the :' Es' s2Ts5 s Sasss. the" unpaid will
Except only as the same may be modified and supplemented
by the Extension Agreement in respect of Noteholders asserting
thereto, the provisions of the Trust lndenture of July l., 1914,
will remain in full force and effect.
The extension Of the notes has not been underwritten. The
success of the proposed extension depends therefore solely upon
the cooperation of the no,eholders in avaiing themselves of the
substantial benefits above outlined. The extension does not
involve the payment of commissions, and all Incidental expenses
will be borne by the Chicago Elevated Railways.
Holders of Gold Notes may become parties to said Extension
Agreement by depositing Of said notes. having first detached
therefrom The July !. 1876. coupon. with the Depository: The
National City Bank of New York, New York; or with either of
c e. .S'a"T i"ssr r.ss@sii Banking co'po,.';o". London "a'"s' BANK
All deposits must be made on or before July Is, 1916, or
such later date, if any, as may be prescribed therefor in the
exercise of the discretion and in the manner in the Extension
Agreement provided. Should the Extension Agreement not be-
come defnitive and effective as therein provided, the deposited
notes (or an equal face amount of the same issuey, in either
event in unextended form, Will be returned. without charge, TO
the holders of certificates of deposit, on surrender of such GER
tfcates TO the Depository which issued the same.
The July /. 1916. coupons will be paid at maturity.
CHICAGO ELEVATED RAILWAYS.
New York, June 10, 1916.