Deseret Evening News | 1899-12-22 | Page 12 | Clover Leaf Reorganization

Cion Ir Announcement has been inane nl at New York lork that thal the tho bold mate committee ot of the Toledo St St Louis Kansas City Railroad Clover LenC Leaf ot of winch John JohnO Johna O a is 18 chairman n wi hold a meeting In this city Dec 29 It Is announced also that that the corn com mi te had plan of oC the ian to b be submItted at the sheeting on th the day named I It I Is under understood stood that the plan ot of reorganizatIon the formation of oC a nw new company with the Issue of oC of oC fIrt first mortgage I per cent GO year semiannual gold bonds 2000 of oC I which shall be reserved for tor future use of oC 4 per cent peter stock stockA preferred stock and common A trust consIsting of oC I II O 0 Armour SImon Berg Charles Parsons C A and Otto Bernard ernard wi be a appointed to serve sene for Cor five year years These trustees may at thin pion tar ter inmate the lie trust It at nn any hue I It 1 is to reserve the right to redeem the preferred stock at par II in cash at any tIme It if this cnn can be legally done and to provide that no additional mont mort cal gage shall bo be placed upon the property without the consent ot of Q a of oC the preferred stockholders wh who shall be for Cor that purpose