Show WILL EXTEND ROAD DEAL TO BE MADE WITH EASTERN BANKERS TO EXTEND ROAD TO SALT LAKE reorganization of the moffat road will be authorized by stockholders at meeting to be held in october denver colo A new and compre compie plan for financing tho the moffat road will be presented to the stockholders at their meeting here october 14 president evans says the stockholders will bo be asked to auth authorize oriz a a n now ow issue of 5 per cent bonds to the amount of which will retire tho the issue of an issue of ot of 6 per cent income bonds wah will also te le t e voted upon and the capital stock which is preferred and co common will be doubled in tho the as same me proportion except that the new preferred will jirah draw 6 4 per cent instead of 5 dirak DIr tK terry perry li ilk explaining the new financing I 1 ng plan pla I 1 s said aid th that i etha the first object was waa to retire the outstanding bonds which amount to the now new bonds will be ba issued at LO 0 which Is considerably below what waa paid for the old to make up the dit ferendo the per cent income bonds which will have havo a share ashare in the profits even ahead of the preferred stock will be issued to holders of the present bonds president evans brans has arranged with eastern bankers for financing the company in a manner which will assure the completion of the road to salt balce and it la Is expected that formal announcement to this effect will be made at the stockholders meeting all of the new money needed will bo be devoted to the building of the line hrie to salt lake the dotsero dottero cutoff cut off oft and the new line to the anthracite coal fields in western colorado |