South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-04-01
Patronize the advcrtiser-he
Is there to serve you.
Office of the Vice-Presdent
Island Oil & Transport
Corporation

TO THE HOLDERS OF VOTING TRUST CERTIFICATES
CORPORATION:
As set forth the Annual Report date
January 18th last increasing its pipe line and
will to Of of
100000 barrels of oil annually After having made
investigation, your directors convinced that addition
the very profitable business crude oil shipments your
pany should follow the example of the other large producers
operating in territory advantage the
additional profits obtained through
gasoline fuel oil and byproducts Other companies demon
in the production and sale OF crude oil In view of the fact that
has potential production of 5OO00OO
barrels of oil annually these plans for dversng and increasing
the cOmPanys products need restrict the compan
shipments of crude oil.
For the purpose of accomplishing these objects the Island
Refining Corporation has been organized under the laws the
State of Virginia. with the following authorized capitazaton
100000 Per Participating Gold
Bonds be dated April Is, 1919, and to mature April
10, 1929.
100000 CAPITAL Stock lin shares of 500 par value eac
In addition the 7Po per annum,
holders of the Seven Per Cent and Participating TenYear
Gold Bonds will be entitled to pro rata share of annual
fund equemen of the Corporation for the preceding calendar
thre nantS with combined capacty Of $500 Goo boTrI Of
crude oil per One plant will be erected at Palo Banco
the terminal and loading station of the Island Oil Transport
the United States adjacent the Gulf
Cuban plants will produce gasoline and fuel oil The plant in the
and coke
The bonds viii be by mortgage
American plant to be constructed and owned by the Refining
Corporation by the pledge all the company
the Mexican plant and by not less than wohrdS of the
stock of the company owning the Cuban plant
All the stock the Island Refining Corporation
acquired by the Island Oil Transport Corpora
and therefore all surplus earnings after interest sinking
fund and bondhOders participation therein will your
company.
For the purpose of obtaining funds for the construction
equipment operation of the plants for working
the Island Refining will sell (princi
pal amoun) of its Seven Per Cent and Participating Ten
Year Gold Bonds
Application can be this Office further information
regarding the company and its bonds
Holders Voting Certificates Stock the
Oil Transport Corporation the close of busss April
1919 will be entitled subscribe for said bonds the price
92I59O the principal the proportion of 500 principal
Of bonds each SO shares of stock represented by
Voting Certificates.
$1,000 Subscriptions for bonds be for in
mutipes of 500
Subscription specifying the amount of bonds
which holders of Voting Trust Certificates entitled
April 7, 1919. Fractional will be
of
rendered 500 multiples
thereof Holders of Voting Trust Certificates desiring
privileges full desiring dispose of their
tional warrants, must do so in the market.
Payments for bonds the of $3.50 each 500
Of bonds accompanied by duly endorsed subscription
be made before April Is, 1919, the
Office Of A. Leach Co., Inc, 81 Cedar Street New York
City.
Pending the authorization and az the
bonds will be issued exchangable
for the bonds when ready for delivery
Syndicate which has underwritten the
of the bond bonds taken by the sharhod
will be sold to said Syndicate.
(Sgned) F. B. LASHER, vce-President
New York City, March 90, 1918,