Plan And Agreement for Reorganization Dated December 15 1915
Plan And Agreement for Reorganization Dated December 15 1915
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. '.. $18, 600, 000 ♦The above statements of Cash Requirements and of the Provision made therefor are merely estimates and not to be deemed to limit the amount that may be raised or expended to effect the reorganization. The Reorgan- ization Committee shall have power to accomplish the purposes proposed, if necessary, by somewhat increasing or diminishing the amount of bonds to be sold (but without varying the consideration or terms of sale) or by dis- posing of stock of the Holding Company fre...ed for use by reason of the failure of holders of Old Bonds to become Depositors (see page 9).
8 VII.
SECURITIES TO BE ISSUED BY THE NEW COMPANIES.
Securities are to be issued by the Operating Company and the Holding Company, respectively, as follows: By the Operating Company: (Subject to the approval of the Railroad Commission of the State of California and any other public officials having jurisdiction. ) First Mortgage Gold Bonds (the New Bonds), authorized issue, $50, 000, 000 To be secured by first mortgage upon all of the existing railway properties of the Old Company and all property hereafter acquired by the Operating Company integrally connected therewith and all property acquired by means of the use of proceeds of the New Bonds or against which New Bonds shall be issued.
What to read after Plan And Agreement for Reorganization Dated December 15 1915?
You can find similar books in the "Read Also" column, or choose other free books by Western Pacific Railway Company to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
. '.. $18, 600, 000 ♦The above statements of Cash Requirements and of the Provision made therefor are merely estimates and not to be deemed to limit the amount that may be raised or expended to effect the reorganization. The Reorgan- ization Committee shall have power to accomplish the purposes proposed, if necessary, by somewhat increasing or diminishing the amount of bonds to be sold (but without varying the consideration or terms of sale) or by dis- posing of stock of the Holding Company fre...ed for use by reason of the failure of holders of Old Bonds to become Depositors (see page 9).
8 VII.
SECURITIES TO BE ISSUED BY THE NEW COMPANIES.
Securities are to be issued by the Operating Company and the Holding Company, respectively, as follows: By the Operating Company: (Subject to the approval of the Railroad Commission of the State of California and any other public officials having jurisdiction. ) First Mortgage Gold Bonds (the New Bonds), authorized issue, $50, 000, 000 To be secured by first mortgage upon all of the existing railway properties of the Old Company and all property hereafter acquired by the Operating Company integrally connected therewith and all property acquired by means of the use of proceeds of the New Bonds or against which New Bonds shall be issued.
What to read after Plan And Agreement for Reorganization Dated December 15 1915?
You can find similar books in the "Read Also" column, or choose other free books by Western Pacific Railway Company to read onlineMoreLess
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