The Commercial and financial chronicle . & Dep. Co., Halt., trus. Bonds —On the 1st M. bonds a sink, fund Is provided, operative July 11900,of 1 % of bonds out, to be Invested In bonds drawn by lot at 107 l/t andInt., If not obtainable at lower figure In open market: $40,000 have beencanceled. Of the rcf. and ext. mtge. bonds, $380,000 arc to retire priorHens, $1,270,000 for additions and lmpts. under carefully guarded restric-tions. Sink, fund operative April 1907 of 1% of bonds Issued, for purchaseof bonds at 107 )i and Int., If obtainable; otherwise, such Investments astrustee deems proper.
The Commercial and financial chronicle . & Dep. Co., Halt., trus. Bonds —On the 1st M. bonds a sink, fund Is provided, operative July 11900,of 1 % of bonds out, to be Invested In bonds drawn by lot at 107 l/t andInt., If not obtainable at lower figure In open market: $40,000 have beencanceled. Of the rcf. and ext. mtge. bonds, $380,000 arc to retire priorHens, $1,270,000 for additions and lmpts. under carefully guarded restric-tions. Sink, fund operative April 1907 of 1% of bonds Issued, for purchaseof bonds at 107 )i and Int., If obtainable; otherwise, such Investments astrustee deems proper. V. 88, p. 1252. $14,000 have been retired. ROAD.—Operates 18 miles of track and 46 cars. EARNINGS.—For 12 mos. ending Dec. 31 1910, gross, $290,799: net,$130,581; Int. and sink, fund, $42,213: surplus, $88,368. In 1909, gross,$268,032; net, $121,027; Interest, $35,275: surp., $85,752. OFFICERS.—Pres. and Gen. Mgr., Z. V. Taylor.—V. 66, p. 384; V. 83,p. 890; V. 88, p. 1252; V. 91, p. 1511. Feb., 1911.] ELECTRIC RAILWAYS 23. 24 ELECTRIC RAILWAYS [Vol. lxxxxii. CHATTANOOGA, RAILWAY & LIGHT CO. ti n <nnn ORGANIZATION.—Incorporated in Tennessee on July 24 1909 as aconsolidation of the Chattanooga Railways Co. and Chattanooga ElectricCo. per plan V. 88, p. 1497. V. 89, p. 285. Owns entire capital stock ofLookout Mountain Ry. Does entire street railway and electric lighting bus-iness In Chattanooga and suburbs. Most of street railway .franchises per-petual; some are for 20, 21 and 40 years. Electric light and power Jran-chises perpetual Date. Interest. Maturity. Outstanding. $3,000,000 ,000 ,1 H%1,600,000 May 1 1956Philadelphia, ,000 May 1 1956 STOCK AND BONDS— Common $3,000 000 ($100).-. -- Pref $2,000,000 5% cum($100) Q-J First and refunding mortgagel 1909 5 g M-N $15,000,000 g (^JFidelity Trust Rys 1st cons mtge, seel 1906 5 g M-N text (S500&$) * /Int. at Trust Co. of Nor. Amer., Chat
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