New-York tribune., 1919-12-30
FINANCIAL
SECOND DIVISION NOTICE.
PORT OF PARA.

the state OF Maine. L. $. AZ
To the ,,.i, holdsrs of sn Issue Five Per
secured by Indenture Of Trust shd Mortgage
dsasd 7,as1 lst March. 1909. between Port Of Para
and Empire Trust Company. as trustee
eherenafter referred to as the Second D''i-
NoT1cE is HEREBY GIVEN that pur-
suant TO the provisions OF the above ynen
TONED lndenture OF Trust and Mortgage
"asa ens Of Saa aTGh .asp.d 1sog meeting ., The hea
referred to ae the "Seeon1 Division Bond
hoiders'l 10 hereby called and Will bc held
u Rue des Colonies. IN the City OF Brussels,
a'elSinm' on the 3oth day Of January. 1926.
AT 3:3o O'clock In tho afternoon. for the pur
pose Of considering and consulting with re-
epect OF propositions to the following general
eject eject 70 DO aubmitte1 by tho Company to the
Second Division Bondhoiders at such meeting
and II by them thought Mt, passing and
adopting Extraordinary Resolutions and
ordinary Resolutions as defined by the Second
OF Trust and Mortgage TO the following gen
erai era, ettect and In such text and form the
'nvnuhol1ers 'm,n n,ls may deem advisable TO carry
INTO erect such propositions with such
amendments thereof as may be proposed by
mo Company or by the Bondholders present
Or or represented at such meeting, and with the
intent that the same shall be binding on all
second Division Bondholders whether present
]. To provide:
fa) for the payment in cash Of the face
"mcnnt o., sne Of al coupons for interest in arrears
Ing the coupons OF September, 1919, (but
,nNclndlng ,:',allg for the present purposes bonds
nssfm e,rsn bonus d .,; and Certificates for bonds
pany AS security for obligations Of the Com
pany); ''
- 'b) for the payment to the Second Division
trustee IN cash OF the Sinking Fund install
inent i which was due / March, 1919, without
,nIetrest, Interest which Is to be waived. Bonds. in
pledged aforesaid shall not he included In
net ;I eternining the amount OF bonds outstand-
shall be calculated;
under Subdivisions (a) and (hl shall be
accepted by the bondholders in full satisfac-
Guiding ! September 1919, and with respect
70 Ma 81 sinking ,a,o Fund up to and Including
default or breaches Of agreement or of
acceleratlon OF principal shall or may exist
IN n. respect OF same: and that the bondholders
s!iall agree TO postpone for SIX months the
flmo for payment OF the half-yearly coupon
maturins Iha, March 1890. 80 that such coupon
addition to the coupon regularly maturing
on that Gate: and that the bondhoiders shall
agree to postpone for six months the time for
payment OF each of the annual sinking fund
payments beginning with the instalment dus
IN march. '. 1920 SO that all annual sinking
payable on September or each year instead
Of ! March.
(c) For tho deposit with the Second piv,.
Government of Brazil Sd Funding bonds
issue OF 1910 for the following generally
described purposes:
J.. To be held, sold pledged. used and a.
piled by the Second Division Trustee as
separate fund Ivy way Of additional security
,,.. 20 MAKE up and pay on tho demand OF the
at The meeting any deficiency in interest
upon the Second Division Bonds which the
company may fail to pay as the same ma
= The t'on,n,,v sba,l o,-.. - ,,o,,.,
said Special FUND out of It's subseque,.t IN
come including collections under the guar
diitee OF the Government Of Rralii as and
ii, "heH received by delivering 70 and depositing
With the Second Division Trustee from time
to inc lik" Funding Bonds TO a par amount
e4ual 70 the Funding Bonds SO used or ap-
piled under CLAUSE % OF this subdivision
'cl or other securities which In the opirtor
OF the Trustee are Of equal value, or failing
such FUNDING Bonds or other Securities cash
equal 20 the amount realized by any such
Funding Eonds sold lhut the amount to be
80 80 psld to be noi less than 9neo Of par value
OF such Funding Bonds though the
amount realized be less> or to the amount
NECESSARY TO iiberate any Funding Bonds
pledged, plus amount equal TO ths inter-
est which would have been produced by the
portion of the Special Fund so applied as
aforesaid had the Same rot pecn applied.
lhe interest derived from such Special
runI 20 be retained by The Seconi Division
Trustee as an addition to the Sinking Fund
ana 70 he used and applied d part of such
S!nNiHs Fund to expedite amortization # the
capital OF said honds.
Said Special Fund and investments for
,l1 sme Tune seng rspT,esentins sane to be hsld
for the Second Division Bonds.
fdl For the adlustmen, and sa,isfac,Ion
or the claim OF the other creditors OF the
'ompanE $50 1ar as any action by the bond
holders in that regard may be reCuirelj 10
tAe end THAI rne pPnd!ns recelvershtp " tha
company 'uay be termitated and as part
Of such proposed ssttlcrlert to provide for
the NE Of OF all OF the cap.tai moneys
thclsiLafter in this subdivision ,terncdl nov,
held by The Seccud Division trustee and or
HecciNers, and OF some or ali OF il,l03sil
Second Division bonds held as senu-l..'
BY creditors OF the Company In making set
u@ment wiz. said creditors. Such claims az
Sregate with interest calculated % LIST Janu-
ary, 1900, approximately? 1850 800, and are
sscursd hy Second Division Interim Bonds or
csr'tf,ca'es for bonds withou, coupons al
-sched. Copies OF the proposed plan OK set
element giving the particulars Of each OF the
recsred claims, the amount Of bonds pledged
Nf'h each ard the method OF se,t.enleu, pro-
poaen vii! be lodged With the meeting suo-
Ject 70 Inspection by any hondho,der Said
p'an wil provide amonS other thing- that
proportion, II any. OF tAe compensation and
sNpenses ot the Second Division Iluste. end
l,istrict Courts tor The southern District o.
New York, and or District Of Maine may
drtermine and alloN) shall be applied In
reduction OF the claims OF secured creditors
ard creditors claiming preference for wor..
lone Or materials fGrnished TOT WORK cone
Or materials furnished, and 20 the extent
creditors pledged bonds Of u value taking
said bon IS price to bc agreed but not
~ eeding Dnrl equal TO The payments 50
lu>tde shtl. be released by such lredtors ard
delivcTed 70 ths Trustee for cancellation
without privilege Of reissue ~ the Company
- as g reduce thereby tho amount Of Secor.d
DIVISION Bonds outstanding. TO The extent
that surh claims arc not eX7ngui9IcQ by'
payments out Of the capital moneys ,lei.
claims shlli be satisfied in such manner as
may he agreed upon between such creditors
and tho Nompary' pfortded thar II Second
Hlfl-lon bonds arc delivered ~ such credi-
lots III payment Of any par, of their claims
such bonds shall he ,aken az not less tnay
s-Nty per cent OF par.
The claims OF Inc unsecured creditors OF
me Company are 10 be sataiied Oy an ssus
cf i've per cent cumulative Income Bonds
III Ibis subdivision consist Of tal tAe sum
o. s6o, 95, proceeds Of liQuidutlon es
Anglo brazilian Bolivian Syn4icilte I.iulteG
the sum Of sl'o.42i.o-, proceeds OF sule oi
and s5,Ai6.-6, proceeds of sale OF lft5 o Pa!z
Bonds, III. property Il P0tt of i'ara soil
during the Kecelre-sh,p and the sum ot
Ss,4.l1i.s5, procee Is of sale Of river steam
ers "Recife' "Macelo, Porte .Alcg.e,''
"Goyaz' uud "Florianopo.is,' and other prop
company Nsip. Limited. sold during the
Krccivershsp together With ali interest on
all said sums and any other moneys dut or
% become dnc upon or on account or aai
liquidation. s: said sales, any OF them
and ,nl tl4e solm of approximately ;2I6 0ob
ash and :'170oo inil:eis pa value Ok
Brazilian Government a2o.aces TO be received
by the Company under the Maieira- A!alnore
Composition The said Trustee % be IL
rocted ~ the bondhoders to release said
from Tho lien OF the second Division Mort.
and apply Sai1 YnOueNa rOr the mr.