Evening star., 1947-01-13
SALE or SECURITIES By
The cineinnoti, New Orleans und
|T1kes Poetic Railway ceaspepy
Ne,ls.,' ! s,as |, sp.eiiisssisn, /.

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N{ia The Cincinnati, New osiSSns md
lTekas Pacific Railway Company (herein.
he s'ss psdehas. as q s':s sss
Known as The CINCINNATI, NEW OR.
LEANS AND TEXAS PACIFIC RAIL
IWAY EQUIPMENT TRUST CERTIFI.
CATES, SERIES "K": ,
{a) Said Certificates are to be issued
under an AGREEMENT to be dated "a ss
| of February IS, lo47, between [. Suili'
/ van and R. L. Lee, Vendors, ]. P. Morgan
| & Co. incorporated, Trustee, and the
Company;
(b) The proceeds Of said Certificates
will provide not more than 500 OF the
cost of the following new equipment:
(D 100 all.steel 70.ton ballast cars,
Gid 4-4,sOo H. P. Diesel-electrie
freight locomotives,
to cost in the aggregate not less than
$2,140,000, to be leased by said Trustee to
the Company by LEASE dated 40 OF
February 15,- 1e47;
(c) Said Certificates (each Of the par
amount Of $1,000 are to be dated Febru,
ary Is, 1o47, to mature serially in 10
equal annual installments from February
IS, 1o4s, to February IS, 1857, both in.
elusive, to be guaranteed as to principal
and dividends by the Company, and to
bear dividend warrants at rate per an.
mum to be named by the successful bidder,
payable February IS and August IS in
each sst year' commencing August s +, +. .,,; l9a:
lon the FORM, copies Of which are avail
able at the Office of the Company. Room
I2018, 70 Pine Street, New York 5, New
York. Each bid must specify the dividend
rate to be borne by the Certificates in
multiple Of one.eighth Of one per cent, uni.
form for all maturities,, no bid for less than
from February Is, 1e47, to the date of
delivery, to be considered.
(3) Each bid mist be enclosed in plain
securely sealed, bearing no indica-
ltion of the name of the bidder or the
amount of the bid, marked 'Bid under pro.
lposed Contract No IA for The Cincinn !.
Equipment Trust Certificates, Series 'K'",
addressed to the undersigned at Room 201s,
20 Pine Street, New York 5. New York, and
must be received on or before twelve o'clock
moon, Eastern Standard Time, January 2,,
1947. Bids viii be opened by the under.
signed, or in his absence, by J. ]. Maher.
Immediately after said hour.
~ The Company reserves the right to
reject any and all bids. II two or more bids
Ishail show an identical lowest interest cost
Calculated as being the aggregate of all
dividends payable on the Certificates. in.
Icreased or decreased, as the case may be, by
value Of the Certificates as specified in the
|bid), the successful bidder tunless the Com.
Ipany shall reject all bids) shall be chosen
by lot. Notice of acceptance of the most
favorable bid (subieet to the approval Of
1.-THE Interstate Commerce Commission) will
|be given to the successful bidder not later
than three o'clock P, NJ, Eastern Standard
{s) Delivery of the Equipment Trust
Certificates Tin temporary or deHnitiye
form. will be made against payment in
full therefor to J. P. Morgan & Co. In.
|corporated, Trustee, at its Office, % Wall
Street, New York s, New, York. Of, such
days notice, such date Of payment to Be as
soon as practicable after Interstate Com
|merce Commission approval, but not later
than fifteen days thereafter, and not earlier
than February IS, 1o47. II the Interstate
Commerce Commission shall not have given
then the successful bidder may withdraw. the
bid by delivering notice of withdrawal to
the Company not later than March 7, fo47.
(6) There will be delivered to the sue.
cessful bidder the joint opinion Of counsel
of the Company, and Of Messrs. Davis Polk
Wardwell Sunderland and Kiendl, IS Broad
Street, New York 5, New York (which Z. firm FIRM
|tee), as to the validity Of the AGREE.
MENT and LEASE constituting the equip
r1ent trust, of the CERTIFICATES to be
issued hereunder, and of the Compsny's
guaranty of said Certificates.
(7) Copies of the proposed form OF
AGREEMENT and LEASE, and the
FORM for submission Of bids, are avail
able upon application at the ONCE of the
undersigned.
JOHN B. HYDE
pice President
The Cincinnati, New Orleans and
Texas Pacific Railway Company
Room 20fs, 20 Pine Street
New York S, New York.
Dated: January 6. 1917.