Evening star., 1947-01-20
SALE OF SECURITIES BY
The AIubumu Greut Southern
RuiIread Company
Nsties and Specification

a. The Alabama Great Southern Rail-
road Company Hereinafter called the Com:
pany"), invites bids for the purchase of
81, $50 900 par amount Of Equipment Trust
Gertihcates to b known s, as The III Ala 4
CAFES, SERIES aJ": ''.>"-'N'.-.'
-, (a} Said Certificates are to be ISSUED
under an AGREEMENT to be dated as Of
February IS, 1947, between L. J. Sullivan
and r. L. Lee, Vendors, J. P. Morgan &
Co. Incorporated, Trustee, and the Com
pany;
Is The proceeds of said Certificates
viii provide not more than 5000 of the cost
Of the following new equipment:
O 50 al all-steel 7o-t0n ballast cars
(ii) 4-4,soo H. P. Diesel-electric
freight locomotives,
10 cost in the aggregate not less than
31,o07 900, to be leased by said Trustee
to the Company by LEASE dated as Of
February Is, 1947;
(c) Said Certificates (each of the par
ary is, 1o47, to mature seriaIly in 10
equal annual installments from February
IS, l94s, to February IS, 1857, both in
elusive, to be guaranteed as to principal
and dividends by the Company, and to
bear dividend warrants at a rate per an
mum to be named by the successful bidder,
payable February IS and August IS in
each year, commencing August IS, l947.
(2) Bids are to be submitted in duplicate
on the FORM, copies of which are available
at the Office Of the Company, Room 20ls,
70 Pine Street, New York S. New York.
Each bid must specify the dividend rate
to be borne by the Certificates in a multiple
of one-eighth of one per cent, uniform for
all maturities, no bid for less than. SO per
cent Of par, plus accrued dividends from
February IS, 1o47, to the date of delivery,
to be considered.
(3) Each bid must be enclosed in plain
envelope securely sealed, bearing % no in ,ndiaa "a.
amount of the bid, marked IBID under pro-
posed Contract No. 10 for The Alabama
Certificates. Series sJ'", addressed to the
undersigned at Room 2Ols, 70 Pine Street.
New York S, New York, and must be re-
ceived on or before twelve o'clock noon.
Eastern Standard Time, January %, 1o47.
Bids will be opened by the. undersigned, or
in his absence, by J. J. Maher. Secretary of
the Company, at said office Immediately
after said hour.
(4) The Company reserves the right to
reject any and all bids. If two or more bids
shall show an identical lowest interest cost
Calculated as being the aggregate OF all
dividends payable on the Certificates, in
creased or decreased, as the case may. be, by
the discount from or premium on the par
value of the Certificates as specified in the
bid), the successful bidder (unless the Com
pany shall reject all bids) shall be chosen by
lot Notice of acceptance of the most favor
able bid (subject to the approval Of the
Interstate Commerce Commission) will be
given to the successful bidder not later than
three o'clock P: NJ, Eastern Standard Time,
January %. 1o47.
(5) Delivery of the Equipment Trust
Certificates lin temporary or definItive
full fu i therefor to ]. P. Morgan { Co. In:
corporated, Trustee, at its Office, Is Wall
Street, New York s, New. York, on such
date as the Company may designate on flve
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. 1947. If the. Interstate
Commerce Commission shall not have given
its approval on or before March 4, 1o47,
then the successful bidder may withdraw the
bid by delivering notice of withdrawal to
the Company not later than March :, 1947.
(6) There will be delivered to the sue.
cessful bidder the Joint opinion Of counse, Ct
Wardweli Sunderland and Kiepdl. IS Broad
Street. New York S. New York (which firm
in this instance is also acting for the Trus-
teel. as to the validity Of the AGREE
MENT and LEASE constituting the equp.
ment trust, of the CERTIFICATES to be
issued hereunder, and Of the Company $
guaranty of said Certificates.
G) Copies of the proposed form Of
AGREEMENT and. LEASE, and the
FORM for submission Of bids, are available
upon application at the Office of the under
signed.
JOHN B. HYDE
Vice President
The Alabama Great Southern
Railroad Company
Room 2018, 20 Pine Street
New York 5, New York.
Dated. January g. 1947.