| Show Ohio and Mississippi Cincinnati i 12The annual meeting j of the stockholders of the Ohio and Mississippi Mis-sissippi Eailread elected three new directors di-rectors The board of directors on January fl S Jan-uary 11th 1882 determined to borrow Pjflh 16000000 by the issue of first general mortgage 5 per cent coupon bonds the f greater part of the money so raised to be S applied to funding at the lowest interest the present indebtedness as it falls due ciI and the residue to be applied to the payment pay-ment of arrearages of interest adding to S equipment etc This action was approved ap-proved at a stockholders meeting on April 6th 1882 at Flora Ills by a large majority but the actual issue of stock and the execution of the mortgage S was deferred until after the present meeting meet-ing The company is now ready to take this step and it will remain for the board j now elected to determine the time and S manner of Issuing bonds and placing them on the market The net earnings for the year ending Jane 30th 1882 were 844612 as compared with 1118620 the previous year |
