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Interstate Commerce Commission Reports Volume 67; Decisions of the Interstate Commerce Commission of the United States

Interstate Commerce Commission Reports Volume 67; Decisions of the Interstate Commerce Commission of the United States


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 Excerpt: ...indenture and mortgages. The general gold-bond mortgage of the Great Northern Railway Company, approval of which is sought herein, obligates that company to pledge thereunder $12,132,000 of its first and refunding mortgage gold bonds and, subject to an existing pledge with the Secretary of the Treasury, an additional $24,200,000 of similar bonds. A hearing upon the application was had on April 11, 1921. Due notice of the filing of the application and of the hearing was given. At the hearing there were no appearances except in behalf of the applicants. No objection to the granting of the application has been offered by any authority of any state in which either applicant operates. There have been filed in this proceeding copies of the indenture, dated July 1, 1921, as executed on May 3, 1921; of the Northern Pacific Railway Company's refunding and improvement mortgage; of the Great Northern Railway Company's general gold-bond mortgage, as executed on May 3,1921; and of its first and refunding goldbond mortgage. Each such instrument prescribes the form of the bonds issuable thereunder. The applicants are common carriers by railroad engaged in interstate commerce. Their application grows out of the necessity of paying or refunding $215,227,000 of their 4 per cent joint and several bonds which are in the hands of more than 18,500 holders. These bonds, hereinafter called joint 4s, were issued under date of July 1, 1901, in payment for 1,076,135 shares of the capital stock of the Chicago, Burlington & Quincy Railroad Company of the par value of $100 per share. They are secured solely by the pledge of 1,658,674 shares of that stock owned by the applicants. They will mature July 1, 1921; and the applicants, lacking available funds with which to pay them, must i...


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Product Details
  • ISBN-13: 9781154376746
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 340
  • Spine Width: 18 mm
  • Width: 189 mm
  • ISBN-10: 1154376745
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 608 gr


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Interstate Commerce Commission Reports Volume 67; Decisions of the Interstate Commerce Commission of the United States
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