OCR Text |
Show STOCKHOLDERS TO PASS UPOH D. & filPLnllS Special' Meetinf rCalled J for August 6 at Wilming-" Wilming-" ton, DeLt, to Approve Reorganization of - Co. 1 . . ' NEW YORK, July I. A special rneetlnc of the stockholders of the Western Paoifle Railroad corporation corpora-tion haa been railed for. August at Wilmington, Del., to approve the plan of reorganisation of tho Denver Den-ver Rio Grande Weatern railroad ( already adopted by the directors. k . Tha plan Involves disposition of X part of ths beneficial Interest In tho unsatisfied portion of the Judgment Judg-ment obtained by tha Weatern Pa--eino' against thaTtlO' Orsn and disposition In part of certain recov-srlea recov-srlea affected .through the Judgment Judg-ment aala of th half Interest In the , common Mock of th laorssnlied Denver company to tha Missouri Pacific for M.OOd.oOd.-- M.OOd.oOd.-- Alvln W. Krecn. chairman of th Weatern Pacific corporation. In a Statement to stockholders, said thst total cash receipt realised under judgment agalnat tha Rio Oranda. together with subeequont cash realisation re-alisation under the- reorganisation ' pun. will amount to fl4.06S.SIs. Other properties, not Including eaah and not to be turned over to the reorganised Denver company, taken at amounta bid therefor, are valued at tl.IIJ.m. In tha event the plan Is executed. Mr. Krech aald tha corporation will own: All tha atock of th Weatern Pacific Railroad company; one-half tha common atock of tho reorgsn-Ued reorgsn-Ued Denver company; Interval In equity In Utah Fuel, subject to change an earn Inge In favor of certain cer-tain "holdere of new Denver securities, securi-ties, and cash and aecuiitloa recovered recov-ered under Judgment or received from sale of half Interact In tha reorganised re-organised Denver company and sVtah Fuel, amounting to lll.sst.tt.l. In the event tho reorganisation la effected, a atock dividend will be doclared at th rata of one ahara of preferred and on ahara of common for each six sharee of preferred or common now held: the preferred and common sharing alike. |