Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-04-01
Office of the Vice.President
Island Oil & Transport
Corporation

roR.S. roR STOCK or THE ISLAND OIL TRANSPORT
As set forth the Annual Report issued under date of
January 18Th last COMPANY Increasing its pipe line and
looooooo barrels of oil annually. After having made careful
Investigation directors convinced that addition to
pany should follow example the other large producers
operating in the same territory and take advantage of tn.
gasoline fuel oil and by products Other companies have demon
e sSs an" I of % m w s %
your has potential production of s5oooooo
the products need in no way restrict the
shipments of crude oil.
For the purpose accomplishing these objects the sand
Refining Corporation been organized under the laws
State Of Virginia with the following authorized capitalization:
ssooooo Seven Per Cent and Participating TenYear Gold
bonds to he dated April H. 1912 and to mature April
SoOooooo Capital Stock n shares 500 par value each)
In addition to interest at the rate of 79s per annum
Gold Bonds will be entitled pro rata share of annual
distribution of ao Of the net earnings after deductng sinking
fund requrement of the Corporation for the preceding calendar
year.
The Island Refining Corporation will Otself
plants with combined capacity of 100000 barrels of
crude oil annm One plant will be erected at Ps!o Bls"eo
the terminal loading station the Island Oil Transport
the States Sdaeen the Gulf TSe
Cuban plants will produce gasoline and fuel OIL plant the
and coke.
The bonds will he secured by direct nogsss the
American plant to be constructed by Refining
Corporation by the pledge of all the stock of the
owning the Mexican plant and by not less than wotird Of the
stock Of the company owning the Cuban plant.
All of the stock of the Island Refining Corporation
be acquired and owned by the Island Oil Transport Corpora
all surplus earnings interest," sinking
fund and bondhoders participation therein will to
company.
For the purpose obtaining the construction
equipment and operation Of the plants and for working cap
ts the Island Refining Corporation will sell prnc
pal amount Of its Seven Per Cent and Participating Ten
Year Gold Bonds.
Application this further information
regarding the company and its bonds
Holders Voting Trust Certificates for Stock of the Island
Oil Transport Corporation the close Of business April
lSl0 will be entitled to subscribe for said bonds at the price
ss of the principal in the proportion of 500 principal
bonds for each so shares of stock represented by
Voting Trust Certificates.
and $1,000 subscriptions for bonds must be for amounts in
multples of 500.
Subscription specifying the amount of bonds to
which holders of Voting Trust Certificates entitled to
Of the books April Z, 1919 Fractional warrants will be
issued respect Of fractions Of SO shares of stock, good for
subscriptions when rendered of 800 mutpes
thereof Holders of Voting Trust Certificates desiring to
qure additional fractional complete subscription
privileges for full bond desiring 10 dispose of their ac
honal warrants, must do so in the market.
Payments bonds the of $92 per each 500
Of Lsnd accompanied by duly endorsed subscription
rants must made before April Is, 1918, the
ses Of A. Leach Co.. lne 81 Cedar Street, New York
City.
Pending the authorization preparation and issue Of the
interim certificates receipts will be issued
for the bonds when ready for delivery.
Syndicate which has underwritten the
sker Of the bonds and bonds taken by the shareo
viii be sold to said Syndicate
(sisned) F. B. LAsHER, VicePresdent
New York City, March &c. 1918.