| Show O OSt St an atil Francisco ott New Nes Y a rk xi The Journal of MiI The St Louis and San Pan Pin Fim lie company has I n anti refund Its ii and the underlying bonus K ir Vy upon its system of 1 purpose It will create t i refunding mort mortgage gage BURP a a t t al amount of J o i Of bonds are r t 1 1 t r reserved l for re refunding refunding funding i the thi bonds not re cc for fr r mire are to l ho a for tin Improvements sail for e ansi prop rt Th refunding will nut not only n charges hut will enable tn the t more any ny addItions ant and extensions of jf its s i m rn ly by the sale of bonds has hav ing an d market value In instead stead of nai bonds which the compare company tia hitherto been compelled to sell wil on disadvantageous On Of the refunding the ll be secured by ab Solute lute hiem Ji malIce of roll raIl r road anal tb anti and when the A ii I ani c which mature In hav the refunding bonds will security of the lien on the Pacific thirty four St The earnings of Cf tho ho Ht St nn Fran Francisco deco cisco for the three mouths months ending March 31 show Interest anti and naIl all charged u It surplus of against I in lii the sonIc same period of the H it 1 iii etl for this the year ending June Iliac JO 30 1901 that total net mid Income available for payment of If fixed charges will bi hi no lie less than against estimated fixed of The railroad tins ban agreed to sell of the new refunding bonds to a it syndicate of which J S anti W v ft LO Co nw nY The latter have already computed meats ments for or the of about 20 bonds which ate are to he ii exchanged for new bonds To avail avoil themselves of tIme the privilege of exchange holders of underlying bonds must deposit them on or before July 6 next i TIme Tho syndicate managers are also pre lire prepared pared puid to purchase for at certain stated prices all or any Oil of the under underlying lying bonus which may mit be surrendered to them on or July C next time The right Is reserved nt at nay any without notice pollee to alter the bari of or orttie orthe the purchase price of the tho bonds directed or to withdraw wholly nt r partly the offer of exchange or purchase |
