
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 Excerpt:...2, 1917, at par to the extent of 10% of their respective holdings. The subscriptions were declared payable between January 20, 1917, and February 9, 1917. BONDS. A Refunding Mortgage was authorized in 1897. The bonds under this mortgage bear 3A% interest and mature in 1997. $94,000,000 bonds of $100,000,000 bonds authorized have been sold. In 1904, $48,000,000 4% Debentures were authorized, all of which have been sold. These Debentures are now secured by the new Consolidated Mortgage (see following). The Public Service Commission of New York in 1911 granted permission to the New York Central to purchase all or any part of the $10,000,000 stock of the New York & Harlem R. R. at not over $175 per $50 share. $6,385,200 of stock had been acquired to December, 1915. Permission was also granted to the New York Central to issue either $50,000,000 30-year 4% Debentures (at not less than 90), or $30,000,000 4% Notes to be sold at not less than 9854 and to mature within three years from date of issue; such Notes as were issued to be retired out of proceeds from the sale of the Debentures. See paragraph following. Permission was granted by the Public Service Commission to the New York Central to purchase the $10,000,000 Rome, Watertown & Ogdensburg R. R. stock at $124 per share and the outstanding balance ($1,103,000) of the $2,223,000 Utica & Black River R. R. stock at $184 per share, respectively. Both of these companies were leased by the New York Central and dividends of 5% and 7% respectively were guaranteed on their stocks. These stocks were acquired and the companies consolidated. $20,000,000 of the $30,000,000 3-year 4V2% Notes authorized were sold. These Notes matured May 1, 1915. $9,188,000 of the 4% Debentures had been issued to September,' 1916...
Page Count:
202
Publication Date:
2012-05-15
ISBN-10:
1235947300
ISBN-13:
9781235947308
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