OCR Text |
Show ERIE RAILROAD COMPANY IS PERMITTED TO ISSUE BONDS Albany, N. V.. Feb. 13. The public Bervice commission, second district. 1 has granted the application of the Erie Railroad company for authority to Issue Is-sue 530,000,000 par value collateral trust r per cent gold bonds, maturing in thirty years. The bonds are to be divided: 511.380,000 to take up coupons coup-ons of tho 4 per cent fifty-year gold j bonds which became due on January I 1. 1909. and will continue for a period j of five years thereafter; $in.M0.OOi for the refunding of notes of an issue I of 515.000,000 previously authorized by the commission and the balance for Improvements and additional property prop-erty of the company, subject to re-strictlons re-strictlons made in the order and sold for not less than S7 1-2 per cent of the par value. 1 |