Author: Cincinnati Hamilton Co, Dayton

Publisher: Forgotten Books

Published: 2018-01-11

Total Pages: 34

ISBN-13: 9780428814656

Excerpt from The Cincinnati, Hamilton and Dayton Railway Company: Plan and Agreement of Reorganization, Dated February 15, 1916 In connection with the plan of readjustment of 1909, The Cincinnati, Hamilton and Dayton Railway Company executed its First and Refunding Mortgage, dated July 1, 1909, under which there have been issued of Four Per Cent. Bonds. Of these bonds, guar anteed as to principal and interest bv The Baltimore and Ohio Railroad Company, and unguaranteed, are in the hands of the public, the remaining being held by The Bal timore and Ohio Railroad Company as collateral for purchase money notes and other obligations of The Cincinnati, Hamilton and Dayton Railway Company aggregating The latter company also executed a General Mortgage, dated July 1, 1909, under which there have been issued of bonds, all of which are outstanding. Owing to a series of unusual and unforeseen circumstances, The Cincinnati, Hamilton and Dayton Railway Company was unable to meet its various obligations and on July 2, 1914, the property was placed in the hands of receivers. Since that time there have been protracted negoti ations, looking towards reorganization, with holders of certain of the Company's securities and with The Baltimore and Ohio Railroad Company, which has so large an interest in the property by reason of its position as holder or guarantor of a large part of the securities above mentioned. Certain branch lines, mortgaged to secure branch line bonds which remained undisturbed in the readjustment of 1909 but the interest on which was not earned in the present receivership, have already been sold on foreclosure and a similar result with respect of other branch lines may be expected. The important portion of the property is the main line between Cincinnati and Toledo and certain main line branches hereinafter described, and it is important that a Plan of Reorganization embracing these lines be promptly undertaken. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.