Deseret Evening News | 1908-06-03 | Page 5 | That "Q" Bond Issue

THAT TEAT Q DOND ISSUE Railway Upon taste or of S t I Much hits hils been and said about the bond Issue of the Chicago hailIng Burling Burlington ton Quincy was ot of 4 per cent bonds du dot March I 1 19 8 The Railroad Gazette has hns tills this to say ny of lif the tho issue Is part ot of an ot of which It develops was Issued un an Indenture ot of trust und ge dated March 2 antI executed t to I tho Central Co 0 ot of New ew York ork and Oliver M Id Spencer trustees b by the tho rail railroad rO road d 1111 y This very large Is II said Kald to be called for or ll to retire or 01 rc fund tho outstanding of oC ITO 70 bonds nf at varIous classes and form fonn a moans or of providing for fOl future contingencies The Tho pro proceeds of the offering are to 1 ls 03 used for the tho or of bonds maturing this year and to 10 bure the for tor advances llIdo to Its capital accOunt In improvement and extension work Time The it Il was said authoritatively will be 1 re for the redemptIon or tIC or bonds Time The first lug Ing of bonds was largely oversubscribed at the office ollice ot of J 3 l 1 Morgan Co Cn within lL a short time being ott sale Concerning the tho new men mentioned above George B harris dent ot of tho Chicago Burlington Quine issued the tho following This Ii h now a 11 fir first l lien on miles mile II of completed d road and on no the retirement of the lIng bund bonds In the tho will bu be como collie IL II first on the entire rail railroad ron road mileage enumerated In the mort mortgage gage Of the tho honda secured b by the mort are ure reserved for Cor tho special purpose of retiring all bonds of oC tile the Company compan ot of Issues at this date aggregating of which arc hold held In various sinking are to moet or of retiring said Bald prIor bonds are to be Is Issued issued sued for tor of time the treasury I o of the thc for tor outlays already made mado b by It for tor betterments tt or anti addItions to the covered 11 by mortgage and the tho remaining 78 aro anI only Cor or addItions and o of and to the mortgaged property which when acquired 1 must be under the lien ot of tIme the mortgage thereby leh Increasing th the property h by the tho full tull amount of such acl additions