Show UNITED COPPER TO TOBE TOBE BE REORGANIZED BOSTON Maes Mass March 15 It It Is understood un understood un un- that the United Copper opa er company com corn pany Jany i In Is to b be r reorganized as the compAnS company's com corn pAnS pany's charter has been declared forfeited for for- or felted felled by the state of ot New cw Jersey Jerney for nonpayment ment of or taxes within the time I specified b by law Jaw Funds will bo be advanced to meet inset the obligation Th The Lexington Mines co company m pan will vill be formed to tako take over oer the La France fruce Copper Copper Cop Cop- per POl company compan In leor reorganization the lie properties prop prop- being purchased at foreclosure sale Tho The new company compan will have shares par 10 with no bonded or other d debt bt Of this OOOO will be Issued In pa payment for or properties for cash cashat cashat at at par and held In the treasury treasury- One share of new stock tock will be 1 sued Issued for each tach bond of La L. Frances France necessitating tating Issue of or par b by reorganization atlon man managers cers will be ex exchanged ox- ox changed for tor unpaid coupons representing 10 per cent of or face value The block to tobe tobe tobe be sold Bold for cash ha has b been en underwritten for 5 S 1 per er cent commission on condition that all proceeds shall go Into the tress treas U ury |