| Show PRINCE CON TO ISSUE BONDS stockholders of the prince con consolidated soli dated minting and smelting smelling Sm elting company met on the and adopted the plan advocated by anthony H godbe president for the financing of the company under president godbee plan it is proposed that the board of directors assure of 8 per cent bonds or debenture notes maturing three years after date and to be redeemable by the company at any interest period at per cent As bonus it is proposed that each stockholder taking bonds be given five shares of treasury stock for each 1 in bonds or notes taken provided the bonds or notes shall not be issued in denominations of less than 10 each the assets of the company according to president godbe have a salvage value sufficient to make any such bonds or debenture notes worth par and b give the same ample security security y out of the of the present ness of the company mr godbe says that companies holding at least of these obligations will accept the debenture notes or bonds in payment it is also thought probable that the bullionville Bulli onville tailings deposit can be sold for a substantial sum according to mr godbe so that if the plan succeeds the company will be in good financial condition and all possibility of receivership eliminated |
