Report to the Stock And Bond Holders ...
Report to the Stock And Bond Holders ...
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On the contrary, should reverses befall the road, and our estimate fail to be real- ized, it will, at all events, after the two first classes have received six per cent., be entitled to the remainder of the net earnings, whether more or less, until it also re- ceives six per cent., and then a pro rata share of any excess above that amount.
The details of capitalization thus given, may be briefly recapitulated, as follows : First Class Preferred Stock, $1,000,000 Second Mortgage Bonds at 80 per ...cent. $800,000 150,000 Springfield and Columbus Bonds, at 40 per cent. 60,000 360,000 Sandusky City and Indiana Bailroad Bonds, Eeserved for these, at par, 350,000 $1,210,000 Second Class Preferred Stock, $1,000,000 Third Mortgage Bonds (due 1875), at 40 pr ot. 400,000 Third Class or Conmion Stock, $800,000 Sandusky, City and Indiana 1 Bailroad Stock,.
650,000 6 percent. Bonds and unset- I 83,647,090 ) ^^, ^^ tleddaims, fatlOpr.ot. ) ^64,709 2,697,090 Mad Eiver and Lake Erie Bail- road Stock, giving r $6,147,090 of Debt capitalized in Stock, amounting to $1,974,709 Balance for contingencies ; if not required for settlements to be distributed, pro rata, among the three classes, 25,291 Total new Stock Capital, $2,000,000 Digitized by Google -/ 19 The floating debt alluded to as necessary to be paid before the Second Class Preferred Stock can receive full dividends, and the Common Stock is entitled to any dividend, is as follows : Past- Due Bonds, ' $136,000 00 Cash due on coupons under programme for 1858 and 1859 12,209 27 ** due on settlements under programme, 16,806 00 '* due for iron, supplies, etc.
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You can find similar books in the "Read Also" column, or choose other free books by Sandusky, Dayton And Cincinnati Railroad Company to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
On the contrary, should reverses befall the road, and our estimate fail to be real- ized, it will, at all events, after the two first classes have received six per cent., be entitled to the remainder of the net earnings, whether more or less, until it also re- ceives six per cent., and then a pro rata share of any excess above that amount.
The details of capitalization thus given, may be briefly recapitulated, as follows : First Class Preferred Stock, $1,000,000 Second Mortgage Bonds at 80 per ...cent. $800,000 150,000 Springfield and Columbus Bonds, at 40 per cent. 60,000 360,000 Sandusky City and Indiana Bailroad Bonds, Eeserved for these, at par, 350,000 $1,210,000 Second Class Preferred Stock, $1,000,000 Third Mortgage Bonds (due 1875), at 40 pr ot. 400,000 Third Class or Conmion Stock, $800,000 Sandusky, City and Indiana 1 Bailroad Stock,.
650,000 6 percent. Bonds and unset- I 83,647,090 ) ^^, ^^ tleddaims, fatlOpr.ot. ) ^64,709 2,697,090 Mad Eiver and Lake Erie Bail- road Stock, giving r $6,147,090 of Debt capitalized in Stock, amounting to $1,974,709 Balance for contingencies ; if not required for settlements to be distributed, pro rata, among the three classes, 25,291 Total new Stock Capital, $2,000,000 Digitized by Google -/ 19 The floating debt alluded to as necessary to be paid before the Second Class Preferred Stock can receive full dividends, and the Common Stock is entitled to any dividend, is as follows : Past- Due Bonds, ' $136,000 00 Cash due on coupons under programme for 1858 and 1859 12,209 27 ** due on settlements under programme, 16,806 00 '* due for iron, supplies, etc.
What to read after Report to the Stock And Bond Holders ...?
You can find similar books in the "Read Also" column, or choose other free books by Sandusky, Dayton And Cincinnati Railroad Company to read onlineMoreLess
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