Plan of Reorganization of the Denver and Rio Grande Railroad Company: Dated, January 27, 1922 (Classic Reprint) - Couverture souple

Denver And Rio Grande Railroad Company

Couverture souple

ISBN 10 : 1333334052 ISBN 13 : 9781333334055

Editeur : Forgotten Books, 2018

Synopsis

Excerpt from Plan of Reorganization of the Denver and Rio Grande Railroad Company: Dated, January 27, 1922

The Denver and Rio Grande Railroad Company First and Refunding Mortgage 5% Gold Bonds.

Certificates of Deposit for said Bonds Issued under the Deposit Agreement relating thereto, dated May 28, 1917.

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A propos du livre

Présentation de l'éditeur

New York, January 27, 1922. To the Holders ofT heD enver andR io Grande Railroad Company First andR efunding Mortgage 5% Gold Bonds. Certificates of Deposit for said Bonds Issued under theD eposit Agreement relating thereto, dated May 28, 1917. The following Plan and Agreement for the reorganization ofT heD enver andR io Grande Railroad Company has been proposed to the undersigned Committee by The Western Pacific Railroad Corporation (the holding company), which Corporation has agreed to be bound by the provisions of the said Plan and A greement, if approved by the Committee and by the deposit of the requisite proportion of said First andR efunding Mortgage Bonds. The Plan and Agreement has been approved and adopted by the Committee. It is expected that the consummation of the Plan will result in (1) the furnishing to the reorganized company of such amount of cash toward the rehabilitation of the property as is now absolutely necessary and working capital urgently needed, besides providing for the expenses of the reorganization. The cash is to be supplied by theW estern Pacific Corporation and represents a substantial portion of the amount recovered from the old Company on the judgment in favor ofT he Equitable Trust Company of New York. For it the reorganized company will issue only common stock. The consummation of the Plan will further result in (2) a financial readjustment which should adequately provide for the financing of the future requirements of the system; (3) reduction of the bonded debt and fixed charges of the Company to a limit believed to be safely within the net earning capacity of the reorganized property. Particular attention is called to the provisions of the Plan with respect to the purchase of coupons and the retroactive interest and dividend provisions to be inserted in the new securities. Provision is made to the end that, if the Plan
(Typographical errors above are due to OCR software and don't occur in the book.)

Détails de l'édition

• Éditeur: Forgotten Books
• Date d'édition: 2018
• Langue: anglais
• ISBN 10: 1333334052
• ISBN 13: 9781333334055
• Reliure: Broché
• Nombre de pages: 38
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