Annual Report of the President And Directors to the Stockholders
Annual Report of the President And Directors to the Stockholders
Cleveland And Pittsburgh Railroad Company
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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. Digitized by Google 6 CAPITAL STOCK.
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