New-York tribune., 1919-12-29
LEGAL NOTICES
SECOND DIVISION NOTICE.
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PORT OF PARA.
"a Corporation organized under the Laws of

Cent SixtyYear First Mortgage Bonds
aetege1 by indfntn5e as. Of Trust and
'nereinafter referred to The Compnny")
ana ana Empire Trust Company. as Trustes
hereinafter referred to as tho Second Divi-
NOTICE is HEREBY GIVEN that pur-
suan, sin to me provisions OF the above mem
datnd To"sd 'Maen,urs oo OF Trust and Mortgage
ers Of bonds secured thereby hereinafter
referred to as the Second Division Bond
holjers } Is hereby called and will be held
u, 1a'sse Generale de Reports and de Depos s.
II Rue des Colonies, in the City of Brussels
beglum on the 3oth day of January, 1920.
at } 30 O'Clock in the afternoon. for the mr.
pose of considering and consulting with re
spect OF propositions to the following general
erect TO he submitted by the Company to the
.,rCohu ard ., DIVISION Bondhoiders at such meeting
ana .'i II by them thought fit. passing and
ADOPTING Extraordinary Resolutions and
Df,dinary Resolutions defined by the Second
Nchedule to the above mentioned lndenture
OF Trust md Mortgage to the following een-
rrai effect and in such text and form as the
nohdhoiders may deem advisable to carry
,n ",sneIlnfnents thereof as may be proposed by
the Company or by the Bondholiers present
VI ' repfessnted at such meeting and with the
intent fhat he same shall be binding on all
second Division Bondholders whether present
~ not present at such meeting, namely:
J. To provide:
'a' for the payment in cash Of the face
amount of all coupons for interest in arrears
on second Division Bonds up to and incllld-
ing the coupons OF September. 1913 out
vNctualng Tor the present purposes bonds
pledged and held by creditors OF the Com
pahy as security for obligations of the Com
=, (b) for the payment to the Second Division
rrus'ee IN cash OF the Sinking Fund install
int"' Which was due | March, 1919 without
nrfrss' tn.i,n (which which is 10 be ..aved. Bonds, in
'triih bonds and certificates for bonds
plecsed as aforesaid shall not be included in
urterninlng the amount of bonds outatand-
ing ins upon which such sinking fund instaiment
fFoVided that the payments to be made
uupe9 suodlNisions ta) and (b) Shall be
accepted by The bondholders in full satisfac-
,ion ana discharge Of the Company's obiiga-
'iohs with respect to interest up to and in
cludihe l September 1919. and with respect
no No sinking Fund up to and including l
March. 1919 that no basis or claim of
ueIalit, or breaches Of agreement or of
acceieratlon OF principal shall or may exist
an respect OF same, and that the hondnoders
shaI agree TO postpone for six months the
liine lor payment OF the haf-yearly coupon
maturing March. 1920. that such coupon
Si,5i. Sh5ii be payable on September. 1920. in
r'I ,t'.L'oh , 10 the coupon regularly maturing
on that date. and that the bondhoders shall
agree to postpone for six months the time for
pa. fneni OF each OF the annual sinkiny fund
payments otglnning with the instalrnent due
! March, ls2O SO that all annual sinking
lunu payments shah hereafter be due and
of l March
(c) For the deposit with the Second Divi-
SION trustee Of 100000. par value. OF the
Cssue Of 1910 for the following generally
described purposes:
TO be held, sold. pledged used and ap-
Piled By the Second Division Trustee as a
separate fund bJ way of additional security
- HlaNe up and pay on the demand OF the
N""ttahy or otheN"lse a. may be determined
AT the meeting any deficiency in interest
upon the Second Division Bonds which the
NvnipNAy may tau TO pay rs the same ma
Tho C,o.,... -,
sala Special FUND out OF its subsequent in
come mo uding collections under the guar
afitte CT tnu Con telnuant Of Brazil as and
"hrH received ty aa.. ..er-ns to and depositing
with the Second Division = rustec from ti1ue
10 time Ike Funding Bonds tc a par an!ount
eluai 10 the Funding Bonds so used Or APP
p'l-d En .7r clause Cd OF this subdivision
co. OF other securities which IN The opinion
"I Inc Trustee are Of equal value. or failing
s-en b 4n"ins Bonds or other Securities cash
,t"et 10 tNe amount realized by any such
i"iHins Bonds sold tbut the amount to be
SO pal1 TO be not lass than 500 of par value
oi such tLn@lng Ponds even though the
amount realized be less) or To the amount
're- ~arY 90 lherato any Funding Bonds
pirdSei pus an amount equal 20 the inter
ISL winch would have been produced by the
poi iti"n OF the Special Fund applied as
aforesaid had the same not reen SO applied
] n- interest derived from such Special
T. una 10 be retained by the Second Division
trustee as an addition to the Sinking Fund
hNd 10 he used and applied q pa 7 Of such
SINKING FUND TO expedite amortization OF the
cap.tal OF said bonds.
7aid Special Fund and Investments for
the time beng representing same TO be held
subject as ai oreSali additional security
for the Second Division Bonds
tGi For tae adj ISL mcnt and satisfaction
or the claim OF the olner creditors of the
company ESQ far any action by he bond
holders IN that regard may be reQuirel) TO
,he end that the pending recevershlp of the
Company may be ternuuated and as a part
OF such proposed settlement to provide for
The use OF me or all OF the capital moneys
IN d. r.dl
held by the Second Division Trustee and or
Receivers, and OF some or all of Gl,lO3 91l
Second Division bonds held as security
by CREDITORS of the Company in making set
leIncNt with said creditors. Such claims ag-
S4eSttc tWith interest calculated to LIST Janu-
a1!, l9-Vf, approximately tS3o,0OO, and
secured hy Second Division Interim Bonds or
NertncateS iOr bonds without coupons at
1aenel Copies OF the proposed plan of set
tlclNenl giving the particulars of each of the
secured CLAIMS. the amount OF bonds pledged
with each a1a the method OF settlement pro-
posed W.il be lodged with The meeting sub
Je'i TO inspection by any bondnolder. said
pan Will proVlue among other things that
s'ilu capita! moneys cater payment of such
proportion. If any, of the conape nsation and
eAptnses Of the Second Division Trustee and
bon-ho.lers' Committee the United States
DISTRICT Courts Tor the southern District Of
New York, and. District Of Maine may
det- -imine and allow shall be applied in
reduction of The claims OF secured creditors
and creditors claiming preference FOR work
Gone or materials furnished for work done
or mat erals furnished, and to he extent
that capital moneys are so paid to such
creditors pledged bonds OF value ltaking
sad bonds at q price to be agreed. but not
exceeding par) equal TO the payments
made shall be released by such creditors and
delivered to- the Trustee for cancella ton
without privilege of reissue by the Company
20 as TO reduce thereby the amount Of Second
Division Bonds outstanding. To the extent
that such claims are not eXtingushed by
payments out OF the capital moneys their
claims shall be satisfied in such manner as
n'ay be agreed upon between such creditors
ami the Company, provided that If Second
DIVISION BondS are delivered 10 such ciedi-
Tors III payine mt OF any part of their claims
such bonds shall be taken at not less than
s4Nty per cent OF p8r.
The claims Of the unsecured creditors of
the Company are 10 be satisfied by an issue
The capital moneys to be applied provided
N this subdivision consist OF (a) the SUM
Of S6S.9t4 %, proceeds OF liquidation OF
Anglo Blazilian- Bolivian Syndicate Limited:
trg Ernest" and Gredger Miguel Calinon.'
and $o,4l0. -5. proceeds of sale OF fifty q Paiz
Bonds, all property OF Port of Para sold
during the ReceiNershlp, and the sum OF
81. i,lll.SS. proceeds of sale of river steam
ers "Recife" ''Maceio," Porte Aleare i,
'Goyaz" and 't'loI4anopolls,' ana other prop
erty OF Amazon River Steam NaVlgation
Company dlsli), Limited. sold during the
KecelVershlp, together with all interest on
al said sums and any other moneys due or
to become aue upon or on account of said
liquidation. or said sales any of them.
and tu) the sum Of approximately s276.0o0
IN cash and 9lI, 600 inlreis par value OF
Brazilian Government apolices to be received
10y The Company under the Madeira iIamore
rected by the uondhO.ders to release said
capital moneys. and all Interest thereon,
from the lien Of the Second Division Mort
gage and to apply said moneys the pur~
poses aforesaid.
H. The Bondholders 10 waive and annul
all defaults and breaches of condition or of