The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-01-14
LEGAL NOTICES

NOTICE
BEFORE THE
INTERSTATE COMMERCE COMMITS
SION

INTERSTATE COMMERCE CoMMIs-
SION
In re-
APPLICATION OF THE NEW YORK
CENTRAL RAILROAD COMPANY
FOR AUTHORITY AND FOR 4
CERTIFICATE OF PUBLIC CON
YEMEN CE EyIDENCING THE
COMMISSIONS APPROVAL IN RE
SPECT OF THE FOLLOWING (A)
THE PURCHASE BY THE NEW
YORK CENTRAL RAILROAD COM
PAEY OF ALL OF THE CAPITAL
STOCK OF TIM CHICAGO RIVER
AND INDIANA RAILROAD COM
PANY; CD THE LEASING BY THE
CHICAGO JUNCTION RAILWAY
COMPANY FOR A TERM OF NINE
LYNNE YEARS AND THEREAF-
TER AT THE ELECTION OF THE
LESSEE IN PERPETUITY or ALL
ITS PROPERTIES OWNED AND
LEASED) TO THE CHICAGO RIN-
Err AND INDIANA RAILROAD
COMPANY: CO. THE GRANTING TO
THE NEW YORK CENTRAL RAIL
ROAD COMPANY OF AN OPTION
TO PURCHASE ALL OF THE CAP
ITAL STOCK OF THE CHICAGO
JUNCTION RAILWAY COMPANY
OR ALL OF THE PROPERTIES TO
BE LEASED BY 1T TO THE CHI
CAGO RIVER AND INDIANA RAIL
ROAD COMPANT; ALL PURSUANT
TO THE PROVISIONS OF PARA
GRAPHS 1s TO ~ INCLUSIVE or
SECTION AND or PARAGRAPH
, OF SECTION OF THE INTER
STATE COMMERCE ACT.
Public notice is hereby given pur-
suant to the regulations Of the Inter
state Commerce Commission Of the fol-
lowing:
The New York Central Railroad Com
pany has made application TO the Inter-
state Commerce Commission for au-
thority and for a certificate or public
convenience ana necessity pursuant to
the provisions Of the Interstate Com
nerce Act in respect of the following:
% To enter into an agreement with
The Chicago Junction Railways and
Union Stock Yards Company providing:
(a) That the New York Central
Railroad Company shall pur-
chase for the sum OF $3.50 COO
70 be paid i'm cash or IN such
securities IS the Vendor aud
Nendee shall agree upon all OF
the capital stock Of The Chi
cago River and Indiana Rail-
road Company.
(bl That The Chicago Junction Rail
way Company shall lease a an
annual rental Of s2.000O00 pay
able in quarterly installments
of 100000 each at the expira-
ton Of each quarter year during
hot
two instal1ments shall be for
the sum Of s2500eo each for
term az Ninety nine (a9)
years. and thereafter at the
election of the Lessee in per-
petuity. to The Chicago River
and Indiana Railroad Company
all of its properties of every
kind and character including
those held by It in lease under
r. certain indenture dated Dec
ember /. 1918 made between
The Union stock Yard and
Transit Company Of Chicago. as
Lessor. and said The Chica go
Junction Railway Company. as
Lessee, and supplements there
to.
N(c) That The New York Central
Railroad Company be granted
an option. to be exercised dur
ing the term OF said lease. 70
purchase either from The Chi
cago Junction Railways and
Union stock Yards Company. a
New Jersey corporation. all o.
the capital stock Of said The
Chicago Junction Railway Com
pany for the sum OF 22.oS7.5t6
to be paid in cash or in such
securities as tho Vendor and
Vendee shall agree upon, or 70
purchase from the respective
owners thereof all Of the pro-
perties Of every kind and char
Rcter and the reversionsrv in
terests therein of respectivelv
The Chicago Junction Railway
Company and The Union stock
yard and Transit Company OF
Chicago. to be leased pursuant
to the agreement for which ap-
prevail is herein sought. by The
Chicago Junction Railway
Company to The Chicago Riv-
or and Indiana Railroad Com
panv. for the sum Of s33.S5S.-
3ss, payable in cash or in such
securities as the Vendor and
the Vendee shall agree upon. OF
which purchase price s22.ssT,-
SIS is to be paid to The Chi
caEo Junction galway Com