Evening star., 1947-01-20
| SALE or SECURITIES sy
1.-The cineinnafi, New 0rIsuns und
lTsxos Pueifc RuiIwuy Company
he.,e. Ind sp.eisie.si.ss

(r The Cincinnati, New Orleans and
Texas Pacific Railway Company therein-
after called the Company. invites bids
for the purchase of $1,000 900 par amount
|of Equipment Trust Certifcates TO be
IkI,own as THE CINCINNATI, NEW OR
LEANS AND TEXAS PACIFIC RAIL
GATES, SERIES "K":
Ia), Said Certificates are to be issued
under an AGREEMENT to be dated as
of February IS, 1o47, between L. ]. Sulli-
van and R. L. Lee, Vendors, ]. P. Morgan
& Co. Incorporated, Trustee, and the
(b) The proceeds of said Certificates
will provide not more than SoT OF the
cost of the following new equipment:
D 100 all.steel 7O-ton ballast ears,
Gi) 4-4,soo H. P. DieseI-electrie
freight locomotives,
to cost in the aggregate not less than
81, 100000, to be leased by said Trustee to
the Company by LEASE dated as OF
February IS, 1917
(c) Said Certificates Teach 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, 1o48,.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.
each year, commencing August IS, 1o47.
(2) Bids are to be submitted in duplicate
on the FORM, copies of which are avail
able at the Office of the Company, Room
2018, 20 Pine Street, New York 5, 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. uni.
Co. for all
SO per cent Of par, plus accrued dividends
from February IS, lo47, 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. IA for The Cincinn J,
New Orleans and Texas Pacific Railway
Equipment Trust Certificates, Series * y,
addressed to the undersigned at Room 201S,
70 Pine Street, New York S, New York, and
must be received on or before twelve o'clock
noon, Eastern Standard Time, January 25.
1o47. Bids will be opened by the under
signed, 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
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
favorable bid (subject TO the approval OF
the Interstate Commerce Commsslon) VIII
|be given to the successful bidder not later
than three o'clock P. NJ. Eastern Standard
Time, January %, 1947.
(s) Delivery Of the Equipment Trust
Certificates Tin temporary or dehnitiye
full therefor to ]. P. MorAan & Co. In.
|corurated, Trustee. at its Office, Is Wall
Street, New York 8, New. York, on such
date as the Company may designate on fve
days notice, such date OF payment to De as
merce Commission approval, but not later
than fifteen days thereafter, and not earlier
than February IS, 1947. II the Interstate
Commerce Commission shall not have given
its approval on or before March =, l947,
then the successful bidder may withdraw. the
the Company not later than March 2, 1947.
(6) There will be delivered to the sue:
cessfuI bidder the joint opinion Of counsel
of the Company. and Of Messrs. Davis Polk
WardweH Sunderland and Kiendi, IS Broad
Street, New York S, New York (Which firm
in this instance IS also acting Tor tne rus
tee). 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 Compsny's
guar anty Of said Certificates.
~ Copies of the proposed form OF
AGREEMENT and LEASE. and the
FORM for submission Of bids. are avail
able upon application at the Office Of tbs
undersigned.
John B. HYDE
Yice President
The Cincinnati, New Orleans aal
Texas Pacific Railway Company
Room 2o1s, 20 Pine Street
New York s. New York.
Dated: January 6, 1o47.