Annual Report of the President And Directors to the Stockholders
Annual Report of the President And Directors to the Stockholders
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To the Stockholders of the Cleveland c& Pittsburgh Railroad Company : Your Directors respectfully submit report as follows, for the year ended December 31st, 1906 : RECEIPTS.
From the Lessee — Rental, Interest, etc $1,487,628 91 Interest on Balances 1,608 83 Totai, Receipts $1, 489*237 74 DISBURSEMENTS.
For Dividends, Interest on Bonds, etc $1,455,264 40 For Sinking Fund — General Mortgage Bonds 21,252 55 For Maintenance of Organization — Current Expenses . 1 1 ,843 3 1 ToTAi. Disbursements ; $...1,488,360 26 Unexpended Bai^ance $877 48 FUNDED DEBT.
The present status of the General Mortgage Bonds, the only lien on the property, is as follows : Outstanding December 31, 1906 : Series A $3,000,000 00 Series B 2,000,000 00 Series C 2,994,000 00 Series D 1,975,000 00 ToTAi, $ 9,969,000 00 Six of Series C, and fifteen of Series D, General Mort- gage Bonds, $21,000.00, have been retired in the Sinking Fund during the year, as provided in the Indenture of Mortgage.
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To quickly assess the difficulty of the text, read a short excerpt:
To the Stockholders of the Cleveland c& Pittsburgh Railroad Company : Your Directors respectfully submit report as follows, for the year ended December 31st, 1906 : RECEIPTS.
From the Lessee — Rental, Interest, etc $1,487,628 91 Interest on Balances 1,608 83 Totai, Receipts $1, 489*237 74 DISBURSEMENTS.
For Dividends, Interest on Bonds, etc $1,455,264 40 For Sinking Fund — General Mortgage Bonds 21,252 55 For Maintenance of Organization — Current Expenses . 1 1 ,843 3 1 ToTAi. Disbursements ; $...1,488,360 26 Unexpended Bai^ance $877 48 FUNDED DEBT.
The present status of the General Mortgage Bonds, the only lien on the property, is as follows : Outstanding December 31, 1906 : Series A $3,000,000 00 Series B 2,000,000 00 Series C 2,994,000 00 Series D 1,975,000 00 ToTAi, $ 9,969,000 00 Six of Series C, and fifteen of Series D, General Mort- gage Bonds, $21,000.00, have been retired in the Sinking Fund during the year, as provided in the Indenture of Mortgage.
Digitized by Google 6 CAPITAL STOCK.
What to read after Annual Report of the President And Directors to the Stockholders?
You can find similar books in the "Read Also" column, or choose other free books by Cleveland And Pittsburgh Railroad Company to read onlineMoreLess
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