The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-01-07


PANY; OBJ THE LEASING By THE
| CHICAGO JUNCTION RAILWAY
OOAPANY FOR A TERM OF NINE
| LYNNE YEARS AND THREAF.
TER AT THE ELECTION OF THE
| LESSEE IN PERPETUTTY OF ALL
| ITS PROPERTIES OWNED AMI
LEASED TO THE CHICAGO RTy.
| Err AND INDIANA RAILROAD
| COMPANY; TO- THE GRANTING TO
TIE NEW YORK CENTRAL RAIL
| ROAD COMPANY Or AN OPTION
| TO PURCHASE ALI OF THE CAP
TTAL STOCK OF THE CHICAGO
| JUNCTION RAILWAY COMPANY
OR ALL OF THE PROPERTIES TO
BE LEASED BY RI TO THE CHI
CAGo RIVER AND INDIANA RAIL
ROAD CoMPANY; ALI. PURSUANT
10 THE PROVISIONS OF PARA
| GRAPHS IL TO or INCLUSIVE OF
| SECTION l AND OF PARAGRAPH
| OF SECTION OF THE INTER
STATE OoMaDRCB 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 of public
| convenience and necessity pursuant TO
the provisions OF the Interstate Com
Euerce Act IN respect OF the following
Cd TO enter into an agreement with
| The Chicago Junction Railways and
Union Stock Yards Company providing:
(s) That the New York Central
Railroad Company shall pur-
chase for the sum of s75o,coo.
70 be paid in cash or in such
securities as the Vendor and
Vendee shall agree upon, all of
he capital stock Of The Chi
cago River and Indiana Rail-
road Company:
OBJ That The Chicago Junction Rail
way Company shall lease at an
annual rental of 81. 1000. ooe.. pay
able in quarterly installnents
OF 5000 each at the expira-
ton OF each quarter year during
the term. except that the first
two installnents shall be for
the sum of $35o,0e0.. each. for
q term OF Ninety-nine (99)
years, and THEREAFTER at the
election Of the Lessee in per-
petuity. 70 The Chicago River
and Indiana Railroad Company
all OF its properties Of every
kind and character. including
those held by it in lease under
3 certain indenture dated Dec-
emoer /. 1918. made between
The Union Stock Yard and
Transit Company of Chicago as
Lessor. and said The Chicago
Junction Railway Company. as
Lessee and supplements there
to-
(c) That The New York Central
Railroad Company be granted
an option. 70 DO exercised dur
ing the term Of said lease. 70
purchase either from The Chi
caSo Junction Railways and
Union Stock Yards Company. q
New Jersey corporation. ali of
the capital stock of ssid The
Chicago Junction Railway Com
pany for the sum Of 22,sS7,5fs
TO be paid in cash or in such
securities as the Vendor and
Vendee shall agree upon. or to
purchase from the respective
owners thereof all Of the pro-
perties Of every kind and char
acteP and the reversionary in
terests therein OF respectively
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-
proval is herein sought. by The
Chicago Junction Railway
Company to The Chicago Riv-
er and Indiana Railroad Com
pany. for the sum of $S3.3s3.
sgs.. payable in cash or in such
securities as the Vendor and
the Vende4 shall agree upon. Of
which purchase price $22.sS7.-
SIS. Is TO be paid to The Chi
cage Junction Railway Com
pany and s1o.s45,s17 to The
Union Stock Yard and Transit
Company Of Chicago.
C2) To each Of the corporations
above named, including ssjd The New
York Central Railroad Company. to
execute all assignments. transfers. les-
ses. deeds ard other instruments and
agreements necessary to make the
transfers. leases and conveyances IN
said agreement provided for.
THE NEW ToRR CEN
TRIAL RAILROAD COM
PANT
January 1921 l.T:1431