Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1919-02-13
r. f. NO. Acc.

Inc Boston ana Maine Railroad and
with the Public Utilities Commission of
Maine petition. under which it seeks
the necessary approval of the reofsan-
ration of the Boston and Maine Rail-
road Company. provided for in legls-
| in 1915.
| The petition sets forth that the nee
ed have. been had. that a re-organlza-
/ ton agreement and plan has been for-
! mulated and accepted by the several
! companies. and that the desire now is
SION OF said agreement and plan. and
, an authorization of the issue of certain
securities deemed necessary to perfect
| said organization.
stock TO the amount of $3s.Sl7 800, to be
exchanged share for share for the stock
! or the seven subsidiary companies. 1t
! also asks authority to issue bonds to an
noatlng Indebtedness OF the Boston and
| Maine Railroad. and certain desiG-
mated Indebtedness of some. OF tue
subsidiary companies. for which the
Boston 4 Maine Railroad is directly
/ liable. and payment If all of which is
authorized i'll the above named legisla-
| ton of 1915.
| The petition further asks approval ,F
! an issue of new preferred cumulative
SIN per cent. stock. to the amount If
$i"CGo.Wn, such STOCK to he issued At
any time before January |. Ia2,. wl,cn
tWo-thrdS OF the common stock shalt
:" vote. and the proceeds to be used in
paying in pro tanto the above bonded
.ndebtedness. amounting to s,9Se9e.
/ lhIs Sl2,WoHp issue is not provided Tor
! directly in t"c 1918 law.
f, The entire issue of sl9.s79.No bonds
! above named is to be delivered to the
/ tederat l,irector-t'cneral of Railroads.
| vance 10 the Boston a Maine Railroad
an amount not exceeding SJ'0OMN.
The entire detail Of said issue and the
purposes for which the proceeds are to
| be used are set forth in the petition.
The petitioners ask
! l. That this Commission approve the
agreement OF consolidation.
p That the Commission certify that
| the issue of the above named preferred
stock to the amount of s3s.Sl7s0U is law
| ful under the 1915 act.
! That the Commission authorize the
issue of such preferred stock.
4. That the Commission approve and
| certify the necessary increase in the
! capital stoc.; of the Boston and Maine
/ Railroad to authorize the issue of the
above named S12,W0G'D OF first prefer:e!
! stock, and that the proceeds to be used
solely for the purpose of paying and
discharging si20Go.0uO of the bonded in
debtedness above referred to.
| 5. That the Commission approve the
| issue of bonds to the amount of So
! 900, payable 1Ily ]. 1929. for the pur-
! pose of raising funds to pay the floating
| debt of the Boston and Maine Railroad
TO the amount OF sl3,Se,ovo. and the
floating debt of the Connecticut River
Railroad Company to the amount OF
| S2,G0lC00.
6. That the Commission authorize the
issue Of five per cent. bonds in ,d the
amount OF $500 900. payable July !, l92u.
! for the purpose of raising funds TO take
| up six per cent. coupon notes OF the
Vermont Valley Railroad in the same
! amount.
! That tho rornicciop apnroye the
| issue of six per cent bonds payable
! January l, 1893. in the amount OF S2.l'3-
OO0. for the purpose of paying certain
| note Indebtedness of tine fitchDurS
, Railroad Company.
! s. That the Commission authorize the
execution and delivery of a trust mort
! gage of all its property to the o.
! Colony Trust Company, to secure the
entire funded Indebtedness OF the con-
| soIidated company.
| On the foregoing petition it is
ORDERED
| at the Common Council Room in the
/ City of Portland. in the state of Maine,
on the twenty-first day OF February. a.
u. 1919. at 1000 O'Clock in the forenoon;
when and where the Commission will
F, hear all persons interested in all mat
! tiers contained in said petition
And it is further ordered that the pc
! titioners cause public notice hereof to
be given by causing certified copy
hereof to be published in two consecu-
| tive issues each of the Portland Daily
Press, Portland Evening Express, PORT
land Daily Argus. printed at Portland.
and the Kennebec Journal as the State
| paper the last of said publca tons to
be at least seven days prior to said Feb
ruary 2lSt.
Given under the hand and seal of the
Public Utilities Commission. at Au-
gusta. this 18th day OF February, A.
ID. 1919.
e.. So
BENZ +. CLEAVES,
VIM. B. SHELTON.
HERBERT w TRAFTON.
Public Utilities Commission of Maine.
(SeaD
A true copy.
Attest: ROY F. LEACH.
feb12 II Assistant Clerk.