OCR Text |
Show NEW YORK CENTRAL ISSUE AUTHORIZED COLUMBUS. Ohio. Feb. 26. Another step in the reorganization of the New York Centra railroad properties was taken today when the Ohio public utilities utili-ties commission authorized an issue of $ (0,000,000 4 per cent bonds to refund $OO.o78,400 3 per cent bonds of the New York Central & Hudson River Railroad company by the New York Central railroad rail-road company. The Lake Shore & Michigan Michi-gan Southern Railroad company had guaranteed the bonds of the New York Central & Hudson River. The commission also authorized the New York Central Railroad company to issue supplemental debentures on mortgages mort-gages which will protect on actual property prop-erty of the new company about ?250,000,-000 ?250,000,-000 bonds issued by the old New York Central and Lake Shore companies. |