New-York tribune., 1919-08-29
MEETINGS
BRAZIL LAND, CATTLE AND PACKING
COMPANY.
incorporated in the state of Maine.
T. s. Az


BRAZIL LAND, CATTLE AND PACKING
incorporated in the state OF Maine.
u. S. AZ
TO THE HOLDERS OF AN ISSUE or &
PER CENT FIRST MORTGAGE BONDS
SECURED BY TRUST DEED DATED
rln 1sn S0N NJ yIR I is15 EETWEEN TH Pc. C TME
PANY.
NOTICE is HEREBy GIVEN that pur-
suant to the provisions OF the Second
Schedule to the above mentioned Trust Deed
\ Meeting OF the Holders of the Bonds there
BY secured thereafter referred TO as the
Bonds') will u held at Winchester House.
Did Broad Street. in the City of LONDON. on
Wednesday. the 18th day of October. 1912.
- IL no1n % for the pnrpSse Of conSiderns
RESOLUTIONS ak defined 10y the said Second
Schedule. 10 he intent that the said Resolu-
lions shall he binding on all the Bondholders.
whether present or not present at the Meet
ng. 10 the following effect -
]. Approving and adopting a Compost
tion Asreemen, hereinafter referred to as
the CompositionD between the Company.
the Brazil Railway Company. the Bond
holders, certain Creditors and the Share
holders. and directing the execution thereof
on behalf of the Bondholders
g. Approving the appointment OF the Law
Dcbenture Corporation. Limited, Trus-
tees Of the said Trust Deed in succession
TO the Empire Trust Company who have
resigned OF propose TO resign.
;. Authorizing the creation of Prior Lien
Bonds o. the Company TO an amount not
exceeding l?S7500. together with such
further amounts as may be necessary dD
with the available profits" of the Com
pany denned by the Composition. Of each
Of the financial years ending the 3lst De-
cember. 1919. and 3lst December, 1920. to
pay the interes, on the Prior Lien Bonds.
and tii.i to pay tn, French fiscal charges
against the holders Of Prior Lien Bonds of
the Company as holders or owners thereof
10 which such OF the Prior Lien Bonds as
for the time hejne arc owned by the Brazil
Railway Company or form part of the
coilatcrals of any OF it's Bond issues would
lie subject jf originally issued In France.
Such Prio: Lien Bonds to rank a first
charge upon all the assets charged TO
the Bonds in priority to the charge
created blythe above mentioned Trust Deed,
and posiponing the security for the per
cent First Mort gage Bonds 10 the security
for such Prior Lien Bonds and authorizing
and directing the Trustee TO concur In the
execution or a Trust Deed 70 secure such
Prior Lien Bonds in the form Of the draft
already pvepa red. which VIII he submitted
TO the Meeting subject to such notifications
,if any may be authorized or approved
4. Authorizing and directing The said
Law Dehenture Corporation. Limited
to execute a Supplemental Trust Deed mod
living the above -menf ioned Trust Deed
securing the per cent. First Mortgage
Bonds and postponing the mortgage or
mortgage o. charge contained in the Trust
Deed rring the Prior Lien Bonds. and
authorizing ;hs Trustee 10 do all such other
acts and things may be necessary or
desirable for carrying the Composition into
effect.
8 Providing for the indemnity nd pro-
tectiCn Of the Trustee in giving effect to
the Composition. and authorizing the Trus-
tee to consent to notifications of the docu-
ments referred to in paragraphs and
s. Ratifying and aPproyins the acts Of
under the Trust Deed securing he Bonds
and in the Eeceivershp proceedings in
I Generally providing for tho modihca-
tions. alterations and compromises of the
rights Of The holders of the Bonds and of
The Coupons attached thereto against the
Company n.d against its property which
are contemplated by tho Composition and
The said Supplemental Trust Deed as the
same ar respectively submitted to the
Meeting. and either with or without any
such notifications therein as are authorized
or approved by the Meeting.
$. Authorizing and directing that the Re-
hip roceeJincs in America be ter
minated nd the Receivers acts and
ceiyers he discharged. and restraining any
Rondhodcfs from commencing any suit or
proceeding 10 torecloSc the sccuritv'creaied
hy or 10 enforce the trusts Of the said
Trust Deed dated 1st Noycrnber 1911. or
otherwise IN connection with the Bonds held
by him until after such date or the hap
Dening Of such events as the Meeting may
Copies of he Composition and Of the drafts
subject to modlncaiionl Of the Supplemental
rust Deed and Trust Decd securing the
'r!or Lien Bond above mentioned may be
htainei on application at the office of
1essrs. Binder Hamyn 4 Co. N.onlon
sgents Of the Company. so Bishopsgate
The Composition contains elaborate provi-
ions which cannot be explained in detail in
Tho principal features of the Composition
+ The provision for the Company of 81
the irazi Railway Conpany from the
Company a, discount Of > psr cent. of
Prior Lien. Bonds Of the Company
2 Tho cancellation Of tn" interest ac-
cruod prior and unpaid at the Is. Janu-
ary. 1911, The conversion OF the interest at
per CO. per annUm on The Bonds and
accruine ON and after the lst january.
1917, into cum native interest payable out
Of "arailall. profiiS'' Of the Company as
defined ~ 80, Composition and the conver-
sion Of ~ n cumulative interest 10y halves
'nio Naei interest. the extension of the
date Of maturity of the Bonds 80 the 3lst
December l"nS. and their amortization by
means ot a cumulative sinking fund com
mencing tn la2e. and psyatls out Of such
'avalalle profits" Is aforesaid
4 participation by each Houd in the
"availalio fohts' of the Company until
such iiOrd natures or is redeemed
4. The issue 20 the Trustee. for The Con
vertihle peheuiurcs Of the Brazil Railway
company fWNp tpll as part OF the security
for such lp"ncn'ureS tl.l50. 600 of tn. Bonds
aforesaid OF Profit Sharing Corr ificatcs or
other instruments emitting them. as from
the date Of redemption OF each Of such Fl.
10000 Of Bond and until the whole Of the
convertible pehentures aforesaid are re-
deemed tn receive The participation in the
available profits aforesaid which the holder
OF such Eond would have been entitled 10
II II had not been redeemed.
.. The conNe sion Of certain unsecured
liabilities # the Company into per cent
Cumulati'- Preference Shares of the Com
pany.
.. ! he reduction Of the number Of Direc.
tors of the Company tothrec and the an
pointment on behalf OF tho holders OF the
convertible peuoufur.s aforesaid OF one OF
such Directors aud the exercise by him or
otherwise as provided in the Composition
on behalf Of the ConVertihle pebentire-
holders aforesaid OF d controlling vote on
certain matters at Meetings OF Sharshold-
ers or the Company and of a control over
the more important acts of the Board of
the Company
w CAMERON FORBES.
CHARLES Il. PERKINS,
~, RrctiNers.
BRAZIL LAND. CATTLE AND PACKING
COMPANY
BY