Show MOFFAT ROAD BONDS OFFERED TO PUBLIC Plan of Financing Salt Denver Lake Railroad Project Made Public DENVER DENYER Cob Coio Colo Oct 21 Twenty Twenty newspapers ne In ten of the largest cities today contain ertl ad advertisements that the lie bonds o of the new Denver Northwestern Northwest Northwest- em ern Pacific railroad are kire arc on sale and lintl will vill continue to be on sale sac for fot twenty- twenty seven days s During this time line It is 18 ex expected expected expected ex- ex that worth wOIth of or bonds bond will II he be sold and l in cas cash h pled td for the road The circular explaining the offering of if bonds was as made public yesterday and gives s details for Cor the first time of or orthe the financial plan of the new road rondo Th The capital stock la is to be of or which III be 5 per cent non- non cumulative preferred stock and 1000 I common stock I The road Is to be bonded for tor of ot which will ili be Issued at present ent The will be he retained In the treasury of or the company The bonds will vili be first mortgage 4 I per cent year fifty gold sold securities Under the plan of distribution announced announced an nn- a 1000 first mortgage 4 per percent tent cent bond and par value of or the preferred preferred pre pre- stock will be given for each plus accrued Interest The bonds are to tobe be sold in denominations of oC 1000 and multiples of that amount The Colorado Colorado- Utah Colorado Utah Construction company announced that It has contracted con con- d with the Denver Northwestern Pacific Railway company to build and equip approximately miles of ot Its r railroad between Denver Demel and Salt Sail Lake City I The contract provides for a substantial road of steel rails eighty pounds r per yard ard and a modern standard pa pas pas- and freight rolling tock block equip equip- ment nt Payments under this contract I are to be made In tn the bonds and stock of oC t the railway compa company which are re now L offered for Cor subscription |