OCR Text |
Show Plan to Redeem O. S. L. Bonds. NEW YORK, Oct. 29. The Oregon Short Line Railroad company has formally for-mally notified holders of the 4 per cent participating bonds that It has decided to redeem those securities at their face value nnd a premium of 2 per cent and accrued interest and dividend payments pay-ments on February 19, 1905, after which date Interest and dividends will no longer accrue. Referring to tho notice of the Oregon Short Line road, Kuhn, Loeb & Co. offer for each $1000 par valuo of participating bonds, temporary certificates cer-tificates of the Oregon Short Line road 4 per cent refunding 25-year-old gold bonds for $1000 In coupon form, the principal and interest being unconditionally uncondi-tionally guaranteed by the Union Pacific Pa-cific Railroad company and offer further fur-ther to pay to holders upon such ex-chango ex-chango $77.50 per bond In cash. The new -1 per cent refunding 25-year-old bonds are to be dated December 1, 1904, payable December 1, 1909, and to bear coupons for semi-annual Interest from December 1, 1904, and to be redeemable at 102. |