Evening star., 1947-01-06
SALE or SECURITIES BY
The AIobomu Creot Southern
Ruilrood Company
Notice and spseisieosien.

~ The Alabama Great Southern Rail-
road Company Hereinafter called the Com.
pany'), invites bids for the purchase of
par r, M of EauRTTHfERt RTHE InS ITus.
BAMA GREAT SOUTHERN RAIL
ROAD EQUIPMENT TRUST CERTIFI-
GATES, SERIES "J''s
(a) Said Certificates are to be issued
under an AGREEMENT to be dated as of
February IS, 1o47, between L. J. Sullivan
and R. L. Lee, Vendors, J. P. Morgan &
Co. Incorporated, Trustee, and the Com
pany;
(b) The proceeds of said Certificates
will provide not more than 500 of the cost
of the following new equipment:
(D so all-steel 7o-ton ballast cars,
and
(ii) 4-4,soo H. P. Diesel-electric
freight locomotives,
to cost in the aggregate not less than
$500, 900, to be leased byssaid Trustee
to the Company by LEASE dated as OF
(c) Said Certificates leach Of the par
amount of 1,009) Are to be dated Febru-
ary Is, 1e47, to mature serially in 10
equal annual instaliments from February
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, 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,
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 for
all maturities, no bid for less than. SO per
cent of par, plus accrued dividends from
February IS, 1947, to the date OF delivery,
to be considered.
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 Railroad Equipment Trust
Certificates Series o addressed Id p s. to the
ceived on or before twelve o'clock noon,
Eastern Standard Time, January %, 1e47.
Bids will be opened by the Undersigned or
in his absence, by J. ]. Maher, Secretary of
the Company, at said office Immediately
after said hour.
az 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. III, ..s,s,.,.4ss,
.Isl Delivery Of the Equipment Trust
Certificates Tin temporary OF defintiye
form, for ,,,xifor will be made asMIas. Ma1ss payment Cent IN
corporated, Trustee, at its Office, 23 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, 1o47. If the Interstate
Commerce Commission shall not have given
its 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 ], 1947.
(6) There will be delivered to the sue:
cessful bidder the Joint opinion of counsel Of
Wardwell Sunderland and Kiendl, IS Broad
Street, New York S. New York (Which firm
in this instance is also acting for the Trus-
tee). as to the validity of the AGREE
MENT and LEASE constituting the equip
nerlt trust, of the CERTIFICATES to be
issued Hereunder, and of the Company's
guaranty of said Certificates.
~ 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
y Pice President
The Alabama Great Southern
Railroad Company
Room 2013, 20 Pine Street
New York 5, New York.
Dated; January 6, 1o47.