Consolidated Digest of Decisions Under the Interstate Commerce Act (1887 to 1924) in Two Volumes PDF Download
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Author: Herbert Confield Lust Publisher: Forgotten Books ISBN: 9780331541502 Category : Reference Languages : en Pages : 1016
Book Description
Excerpt from Supplemental Digest of Decisions Under the Interstate Commerce Act, 1908: Number Two The decisions are arranged chronologically under each section, the most recent decisions being placed last, in this respect reversing the former method of treatment, except that United States Supreme Court decisions are placed first. If the decisions of the Interstate Com merc'e Commission has been modified or reviewed by any court rehear ing denied, dissenting or concurring opinion filed, such fact 13 noted. 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.
Author: Herbert Confield Lust Publisher: Rarebooksclub.com ISBN: 9781230061870 Category : Languages : en Pages : 494
Book Description
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 edition. Excerpt: ...its Michigan Central collateral bonds for $19,336,000 issued in payment for 90 per cent of Michigan Central stock at $114 per share; its debenture bonds for $48,000,000; and debenture bonds for $9,188,000. The collateral bonds bore interest at 3% per cent; the debenture bonds at 4 per cent. Par value of the stock purchased was $100 a share. The L. S, Ry. collaterals are secured by pledge of the L. S. Ry. stock and the M. C. R. R, collaterals by pledge of M. C. R. R. stock. None of the bonds were secured bv mortgage, but the N. Y. C. R. R. was bound to secure them in any future mortgage placed on its property, and also not to consolidate the L. S. Ry. with the N. Y. C. R. R. without the consent of threefourths of the holders of L. S. Ry, coliaterals_ nor to vote L. S. Ry, stock for any increase in L, S. Ry. capital stock, which is $50,000,000. Similar covenants were contained in the lndenture under which the N. Y. C.'s M. C. R. R. collaterals were issued. TheN. Y. C. R. R. extends New York to Buffalo, and the L. S. Ry. from Buffalo to Chicago, and the former desires to consolidate the two in the interest of through traflic and to secure simplicity and strength in financing the The $167,102,400 of bonds referred to in the Senate resolution is included in the $291,211,400 of N. Y. C. R. R. bonds. The N. Y. C. R. R. proposes to provide for the issuance or consolidation of bonds, 5e"l'ed by mortgage on the combined i11'0Derties, to-refund the bonded debt of the two companies and for future capital needs of the consolidated company. It is Proposed to secure the $167,102,400 by mortgage on the property of the N. Y. C. R. R., and on consolidation, by mortBase on the property of the L. S. Ry. The mortgage restricts the...