Evening star., 1947-01-17
SALE OF SECURITIES BY
The AIubumu Greet Southern
RuiIroud Company
Notice and Specifications

GD The Alabama Great Southern Rail
road Company Hereinafter called the Com
pany''), invites bids for the purchase Of
81. 900 par amount of Equipment Trus
Certificates, to be known as THE ALA
BAMA GREAT SOUTHERN RAIL
ROAD EQUIPMENT TRUST CERTIFI
Gates, SERIES 'J":
under an AGREEMENT to, be dated as oil
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
will provide not more than 500 of the cost
of the following new equipment:
G so all-steet- 7o-ton ballast cars,
and
(ii) 4-4,5oo H. P. Diese,electric
freight locomotives,
to cost in the aggregate not less than
s1,oo7 GOO to be leased by said Trustee
to the Company by LEASE dated as of
February IS, 1887:
(c) Said Certificates (each of the par
amount of $1,000 are to be dated Febru.
ary IS, 1947, to mature serially in 10
equal annual installments from February
IS. l948, 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 20ls,
70 Pine Street, New York S. New York.
Each bid must specify the dividend rate
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. 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
Ges5t cets sGgheSe Series eaTsa9 addeaed to ss s
undersigned at Room 2olS, 70 Pine Street,
New York s. New York. and must be re-
ceved on or before twelve o'clock noon,
Eastern Standard Time, January 23, 1947.
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.
az The Company reserves the right to
reject any and all bids. II two or more bids
shall show an identical lowest interest cost
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 specihed IN the
bid), the successful bidder (uniess the Com
pany shall reject all bids) shall be chosen by
lot. Notice of acceptance of the most favor
able bid tsubject to the approval Of the
given to the successful bidder not later than
three O'Clock P NJ. Eastern Standard Time,
January %, 1947.
(5y Delivery of the Equipment Trust
Certificates Tin temporary OF defnitive
form) will be made against payment il,
full therefor to T. P. Morgan & Co. In.
corporated, Trustee. at its Office. q Wall
Street New York g.. New York. on s"ch
date as the Company may designate on fve
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
f6) There will be delivered to the sue.
cessful bidder the Joint opinion of counsel Of
the Company, and <of Messrs. Davis Polk
Wardweil 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.
MFNT and LEASE constituting the equip
rnent trust, of the CERTIFICATES to be
issued hereunder and of the Company s
guaranty of said Certificates.
"a 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
T'ice President
The Alabama Great Southern
Railroad Company
Room 201S. 70 Pine Street
New York 5, New York.
Dat ...;ary 6, 1917.