The Commercial and financial chronicle . ies B (Mountain Section) bonds, not to exceed 42,050,000,are secured by a 2d mortgage (National Trust Co., Toronto, trustee)on the railway, equipment and tolls of the company, including itsleasehold interest in the Eastern Division, but not branoh lines ex-ceeding 6 miles ill length, ships, grants of lands (other than for rail-way purposes) and the rolling stock of the Eastern Division or of theabove-mentioned branch lines of over 6 miles. These bonds areunconditionally guaranteed as to prinoipal and interest by endorse-ment on eaoh by the GrandjTrunk R
The Commercial and financial chronicle . ies B (Mountain Section) bonds, not to exceed 42,050,000,are secured by a 2d mortgage (National Trust Co., Toronto, trustee)on the railway, equipment and tolls of the company, including itsleasehold interest in the Eastern Division, but not branoh lines ex-ceeding 6 miles ill length, ships, grants of lands (other than for rail-way purposes) and the rolling stock of the Eastern Division or of theabove-mentioned branch lines of over 6 miles. These bonds areunconditionally guaranteed as to prinoipal and interest by endorse-ment on eaoh by the GrandjTrunk Ry. Co. See form in V. 80, p. 996. Although the mortgage to secure the 3 p. c. bonds guaranteed by the Govarn- will rank before the mortgage to secure the bonds guaranteed by the Grand Trunk Ky. of Canada, yet an agreement schedule to aa Act of IDOt provides to the etlect that in the event of default by the company for five years In payment of the interest on the 3 p. c. bonds, the remedy of the 62 RAILWAY STOCKS AND BONDS. [Vol. Ja^., L906. RAILWAY STOCKS AND BONDS. 63
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Keywords: ., bookcentury1900, bookdecade1900, booksubjectb, booksubjectfinance
