Evening star., 1947-01-13
SALE OF SECURITIES ~
The AIubumo Crsut Southern
Railroad Cenpony seat
Ne,ies end spseis,essiens

Z sN~ssSe Sss~ ~~ts~ss'e.~s'~ss~
jalId) aThe Alahanfa Great Southern Raii
road Company Hereinafter called the "Con
pany'o, invites bids for the purchase o
$1,520,000 par amount Of Equipment Trus
SaMA Sflhsate RRAf E + tseTp soUrHERN kAn IH
ROAD EQUIPMENT TRUST CERTIFI
GATES, SERIES 'J":
(a) Said Certificates are to be issuet
under an AGREEMENT to be dated as o
February IS, 1o47, between L. ]. Sullivan
and r. L. Lee, Vendors, ]. P. Morgan {
Co. incorporated, Trustee, and the Com
(b) The proceeds of said Certificate.
will provide not more than 500 of the cos
of the following new equipment:
(D so all-steel 7o-ton ballast cars
GD 4-4.soo H. P. Diesel-electrie
freight locomotives,
to cost in the aggregate not less than
$1,907 900, to be leased by said Trustee
to the Company by LEASE dated as Of
February IS, 1o47;
amount of $1,000 are to be dated Febru
ary IS, lo47, to mature serially in 10
equal annual installments from February
IS, 1948, 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.
on the FORM, copies of which are available
at the office Of the Company, Room 201s,
70 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 tor
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 indica
ton Of the name of the bidder or the
amount of the bid. marked "Bid under pro
posed Contract No. 10 for The Alabama
Great. Southern RailTosd Equipment Trus' .n
undersigned at Room 2ois, 70 Pine Street
New Yorkas, New York. and must be re
ceived on OR before twelve o'clock noon,
Eastern Standard Time, January %, l947.
in mis- absence, by J. J. Maher, Secretary Of
the Company, at said Office Immediately
after said hour.
(4) The Company reserves the right tc
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 %, 1e47.
ts2. Delivery Of the Equipment Trus, ,r!r,
form) win be made against payment in
full therefor to j. P. Morgan 4 Co In.
Street, New York 8, New York, on such
date as the Company may designate on five
days notice, such date of payment to be as
soon as practicable after Interstate Com.
merce Commission approval, but not later
than fifteen day. thereafter, and not earlier
Commerce Commission shall not have given
It's approval on or before March 4. 1947,
then the successful bidder may withdraw the
bid by delivering notice of withdrawal to
the Company not later than March Z, 1o47.
(0 There viii be delivered to the sue.
eessfal bidder the joint opinion Of eoun's, ssI Ct
Wardwelf Sunderland and Kiendl, is Broad
Street, New York S, New York (which firm
in this instance is also acting for the Trus.
.ee), as to the validity of the AGREE
MENT and LEASE constituting the equip
ment trust. Of the CERTIFICATES to be
issued hereunder, and of the Company g
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
piee President
The Alabama Great Southern
Railroad Company
Room 201s, 20 Pine Street
New York 5, New York.
Dated: January s. 1e47.