Evening star., 1947-01-10
SALE or SECURITIES BY
The Alubumu Greut Southern
RuiIrood Company
Notice and Specifications

(1) The Alabama Great Southern Rail
road Company hereinafter called the Com.
pany"). invites bids for the purchase of
81, 900 par amount of Equipment Trust
Serstate Sat to Be ks9Mn a me RA al
GATES, SERIES J":
(a) Said Certificates are to be issued
under an AGREEMENT to be dated as of
February IS, 1o47, between L. ]. Sullivan
and R. L. Lee, Vendors, J. P. Morgan
Co. incorporated, Trustee, and the Com
Is The proceeds of said Certificates
will provide not more than 500 of the cost
Of the following new equipment:
G) 50 all-steel 70-ton ballast cars,
{ii) $500 H. P. Diesel-electric
freight locomotives,
to cost in the aggregate not less than
S1,o07 900, to be leased by said Trustee
to the Company by LEASE dated as OF
February IS. 1947;
(c) Said Certificates Teach of the par
amount of $4,000 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 year, commencing August IS, 1947.
(2) Bids are to be submitted in duplicate
On the FORM, copies of which are available
at the office of the Company, Room 201S,
20 Pine Street, New York S. New York.
Each bid must specify the dividend rate
to be borne by the Certificates in multiple
Of one-eighth of one per cent, uniform for
all maturities, no bid for less than. 90 per
cent of par, plus accrued dividends from
February IS, 1947, to the date of delivery,
10 be considered.
(3) Each bid must be enclosed in plain
envelope securely sealed, bearing no indlca-
tion Of, the name of the bidder OF the
amount of the bid, marked "Bid under pro-
posed Contract No. 10 for The Alabama
Great Southern Railroad Equipment Trust
Certificates, Series %, addressed to the
undersigned at Room 201S, 20 Pine Street,
New York 5, New York. and must be re-
ceived on or before twelve O'Clock noon,
Eastern Standard Time January %, 1947.
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
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 Commssion) will be
given to the successful bidder not later than
three o'clock P. NJ, Eastern Standard lime,
January %, 1947.
(s) Delivery of the Equipment Trust
Certificates Tin temporary or dehnItIve
form) will be made against payment IN
fun therefor to 7. P. Morgan & Co. In
corporated. Trustee, at its office. % Wal!
Street, New York 8, New. York. on such
date as the Company may designate on hv<
DAYS notice, such date Of payment to he as
soon as practicable after Interstate Com
merce Commission approval, but not latei
than fifteen days thereafter, and not earlier
than February Is, 1o47. If the. Interstate
Commerce Commission shall not have gtver
its approval on or before March 4. 1o47
then the successful bidder may withdraw th'
bid by delivering notice of withdrawal +
the Company not later than March :, 1e47
(6) There will be delivered to the sue
eessful bidder the joint opinion OF counsel O
the Company, and of Messrs. Davis Poll
Wardwell Sunderland and Kiendl, IS Broa'
Street. New York S., New York (which hrn
in this instance is also acting for the Trus rus
'MENT and LEASE, constituting the equip
ment trust, Of the CERTIFICATES to b
issued hereunder. and of the Company
guaranty of said Certificates.
% Copies of the proposed form o
AGREEMENT and LEASE. and tn
FORM for submission of bids, are availabl
upon application at the Office Of the under
signed.
JOHN B. HYDE
Vice President
The Alabama Great Souther
Railroad Company
Room 201s, 20 Pine Street
New York 5, New York.
Dated: January E, 1o47.