Show II Ogden Portland Cement Company 7 First Closed Mortgage Gold Bonds Dated April 1 I 1922 Due serially on April 1st in each of the years 1923 I to 1932 inclusive Denomination each Callable Callable on any interest date at a premium of one one half half of 1 per cent for each year prior to maturity Principal l and semi annual Interest April 1 and October tober c 1 payable at the First National Bank New holder York City or at the Bankers Barkers Trust Co Company 1 pany Salt Lake City Utah at lot the option of ot the BANKERS RANKERS BANKERS TRUST SAiT LAKE KE CITY UTAH TRU TRUSTEE TEE All legal matters pertaining to this Issue will be subject to the approval of ot Adrian C. C Ellis of ot J. J Salt Lake City For For further inform information concerning this issue reference is made to th the letter fr from m Mr Chapin A. A Day president of the to the of company report our e engineers gme rs Brothers Incorporated and to the report of Henry S. S n Engineering company w which ich- ich are on file in our office and from from which we summarize as folI follows ws 1 These bonds are arc secured by closed dared first vl a mortgage on all aU the property of the company which has net tangible assets of or about eight times the a. a amount of the thc bond issue 2 2 The ne net earnings of the lne company for the last five years after all interest charges but S before depletion d and d Depreciation have averaged annually 43 which is is more than ten times the maximum interest charges on this issue issue of bonds and approximately four and one-half one times the maximum max max- requirement for interest and payment of the principal in year any anyone one 3 These bonds constitute the only funded debt of the company which supplies supplies sup sup- plies Idaho approximately 25 p per r cent of all aU Portland cement used wed in Utah and 4 The bonds are followed by of capital stock all aU subscribed for at par of f on nJ which S 8 Per cent dividends are being paid and on which dividends divi divi- not less than 6 cent have per been paid continuously since 1912 5 The company's fT real estate 11 is earned carried H at actual cost before the e erection of the plant less depletion I It consists chiefly of of the posits in in the one finest marl deposits de- de deposits country covering over 2000 acres and raw material to last Iad 4 containing sufficient f years at the he If Sl present rate of 1 r removal moval value of the machinery Jears and Pre depletion The I in m excess exee c of f the amount of thic bond equipment issue issue alone is estimated to be be beThe The company is officered and controlled d by men widely known in the in in- in Jt country for their ability and i integrity integrity- Y T Tn J A it Issue ot of bonds be to J go not 1 by this financing pay pay oft oU bank ba an The company's company debt m I PRICE 10 lao AND INTEREST TO YIELD 7 PER R jENT GENT GENTl ENT 1 l is expected P t t that at t th the definitive V bonds i will b be 2 wil ready for for delivery delvery o on or r. r about Apri April 5 3 I C Bond ond Mortgage Ca O O C 1 16 Walker Bank sank Building The information ton contained In th this men Telephone Wasatch advert s R obtained reliable but but is no guaranteed from bj by us which W we believe beleve to bp be bt S i. i 1 |