Salt Lake Tribune | 1904-12-14 | Page 10 | $50,000,000 Bond Issue

$50,000,000 BOND ISSUE. Santa, Fo Railroad Stockholders Called to Consider, Matter. NEW YORK, Dec 13. A upoclal meeting meet-ing of tho stockholders of the Santa Fc Railroad company wjll bo hold at Topcka January 24 to voto on a proposition to creato an Issuo of JSO.OCO.WO In bonds convertible con-vertible Into stock. In ordor to provldo for tho conversion of tho bonds Into otock it Is noccssary to increase in-crease tho authorized issuo of common stock qf tho company to $50,000,000. making tho total common Htock $152,000,000, It Is proposed to Issuo only a part of tho authorized au-thorized Issuo of convortlblo bonds and to offer them to tho stockholders pro rata for subscriptions on terms to bo horcaftcr announced. . , . . . The proceeds of tho bonda to bo Issued arc to bo used for tho completion of linos In course of construction, to construct certain additional branches nnd to build second tracks and roduco grades upon portions of tho main lino, to purchase additional ad-ditional sqtilpmcnt nnd to provide a tuna appllcablo to othor capital requirements.