Roseburg review., July 29, 1910, Image 2

Ci'iViiStl
CITIZENS OF ROS
TO THE
The following copies of documents are submitted
herewith for the purpose of bringing to your attention, for
quick action and co-operation, the purposes of the Coos Bay
Traction Corporation in constructing rapid transit and
.traction lines from Coos Bay to Roseburg as soon as money
and engineering skill can accomplish the result.
We ask no bonuses or contributions from the Roseburg
public for this enterprise, as this is a clear-cut business
proposition wherein we give value at once for your co
operation and subscription to the Coos Bay Traction Cor
poration's $5,000,000 issue of fifty year 6 per cent Guaran
teed Debenture Gold Bonds.
We mean business and will have these traction lines in
operation between Roseburg and Myrtle Point within 12
months from this date, if mc: ey, business caution and en
gineering ability can accomplish the result, and stipulate
to have thro' connections with Coos Bay within twenty
months from date.
We make these public statements in good faith and
assurance of financial ability to carry them out, as outside
people have agreed to take up $4,000,000 of the above
named issue of bonds, while Coos Bay and Roseburg peo
ple are required to take up only $500,000 of these bonds,
leaving the remaining $500,000 to be disposed of and used
as needs may determine.
These fifty year 6 per cent Debenture Gold Bonds that
are absolutely Guaranteed by a reputable financial institu
tion, are an investment, safe and secure, eliminating all
elements of risky promotion schemes, and now if the people
of this section really want railroad facilities, with Coos
Hay's seaport, now is the time to act, quickly and decisive
ly, for a rational, legitimate project.
Subscription blanks can be obtained at any and all pf
the Roseburg banks with full information, and it is now up
to the Roseburg public to show your good faith and get
busy in earnest.
(Copy)
MARINE TRUST AND SAVINGS BANK
Incorporated 1S90
100 Market Street
Commercial and Savings Bank Safe Deposit Vaults ;
Trust Department, N. B. Campbell, Manager.
San Francisco, July 2, 1910.
Mr. Geo. F. Averill, San Francisco, Cal.
Dear Sir:
After examining your securities and F.astern connec
tions; taking into consideration your facilities as outlined
to us for disposing of the Bond issue; also depending upon
your agreement to place $500,000 worth of the Bond issue
in your local territory, and which local support is necessary
to inspire the confidence of outside investors; we will agree
to guarantee Five Million Dollars ($5,000,000.00) worth' of
your Bonds as to principal, upon the condjtioiiK .agreed be
tween us. ' ft i jj-, '"
Assuring you of our strong support and co-operation,
we are, Yerv trulv vours,
(Signed) N.'B. CAMPBELL, Manager.
(Copy)
SAMPLE FORM OF BOND ISSUE
COOS BAY TRACTION CORPORATION
6 Per Cent 50 Year Guaranteed
Debenture Gold Bonds.
Principal Guaranteed by the Marine Trust '.aiuL Savings
Bank, San Francisco, California
Know all Men by these Presents: That for value re
ceived, the Coos Bay Traction Corporation, a Corporation
organized and existing under the laws of the State of Ore
gon, hereinafter called the Company, is indebted and
promises to pay to the bearer or registered holder hereof,
the sum of One Hundred Dollars, in Gold Coin of the Uni
ted States of America of the present standard fineness and
weight, or equivalent, on the First day of August, 1('60, at
the office of the Marine Trust and Savings Bank, in the
City of San Francisco, Stale of California, together with
interest thereon.at the rate of six (6) per cent, per annum,
to be computed from the First day of August, V0, pavable
senii-annuallv at the office of the Marine Trust and Savings
Bank, on the first davs of August and Februarv in each
year, the first payment of interest aforesaid to become due
and payable on the First day of Februarv, 1011, as herein
after provided.
This Debenture Guaranteed Bond is issued under the
express terms and conditions in remain, r expressed and is
one of a series of Debenture ( iu.iranteed Bonds of ihe tenor.
date and amount, numbered consecutively from 1 to ,
both numbers inclusive, and aggregating Five Million Dol
lars, ($5,000,000), and legally authorized by the stock
holders and Directors of the Company, and bearing the en
dorsement of the Marine Trust and Savings Bank, of San
Francisco, California, for the payment of principal at ma
turity. The interest on the aforesaid Debenture Guaran
teed Bonds is payable from and out of the profits of the
Company, and shall be a charge upon the gross earnings
and shall be payable before any dividends shall be set apart
or paid upon the Stock of the Company. In the event of
failure in the payment of interest on the Debenture Guar
anteed Bond represented by this Certificate, the unpaid in
terest shall become due and remain obligatory on the Com
pany to the full extent thereof before any dividends may be
declared or paid upon any stock of the Company.
For the prompt and punctual payment hereof of both
principal and interest, the full faith, credit, property and
resources of said Company, whatsoever and wheresoever,
both present and future, are irrevocably pledged, and the
Company further pledges itself not to issue any bond or
security which shall take priority over this bond before
providing for the redemption hereof, or exchange hereof,
for such other security, at the option of the holder hereof.
Both the principal and interest of this Debenture Guar
anteed Bond are payable without deduction for any tax or
taxes which the Company may be required to pay or return
therefrom under or by reason of any present or future law,
the Company agreeing to pay all such tax or taxes.
This Bond is negotiable and shay pass by delivery
until registered in the name of the owner on the books of
the Company, such registration to be endorsed hereon, and
thereafter no transfers shall be valid unless made on the
books of Company by the registered owner and similarly
endorsed hereon, but said Bond may again be made pay
able to the bearer by like transfer and thereafter pass by
delivery until again registered.
The Company reserves the right, at its option, to pay
and redeem this Debenture Guaranteed Bond and the
whole or any part of the issue of which it is a part by pay
ment of One Hundred and Five Dollars ($105.) in addition
lo any accrued or unpaid interest for each and every Bond
so redeemed on any interest day subsequent to August I,
1915, after thirty (lays notice previous having been given
of its election so to do by publication each week during said
thirty days in any newspaper selected by the Company
published in the City of Marshfield, State of Oregon, and
mailing notices of such election to holders of registered
Bonds so to be paid and redeemed to said holders at their
last know.i Postoflicc address, whereupon the holders of
said Bonds shall present and surrender them to the Com
pany for redemption; and the holder of this Bond further
agrees that after such date named for such redemption in
terest hereon shall cease, provided the money for redemp
tion shall be paid upon surrender.
In Witness Whereof, the Coos Bay Traction Corpora
tion, has caused its Corporate name to be subscribed hereto
by its President, such signing to be attested by impressing
its Corporate Seal verified by its Secretary, the First day
of August, 1910.
COOS BAY TRACTION CORPORATION.
By
(Seal) President.
By
Secretary.
(Copy)
SAMPLE FORM OF BOND GUARANTEE
"Know All Men by These Presents:"
That, for value received, the Marine Trust and Savings
Bank, of San Francisco, California, hereby covenants and
agrees to pay to bearer, or, if registered, to the registered
owner thereof, upon surrender of this bond at its Home
Office in the City of San Francisco, California, 50 years
from date hereof, the par value of the within bond, in Gold
Coin of the LTnited States of America.
This Bond is protected by an adequate deposit of cash
fir securities, made by Coos Bay Traction Corporation with
the Marine Trust and Savings Bank, of San Francisco,
California, to indemnify purchaser of this bond against loss.
In Witness Whereof, the Marine Trust and Savings
Bank has caused this instrument to be executed in its name
and under its Corporate Seal by its officers duly authorized
at its office in San Francisco, California, this, the da"
of 19
MARINE TRUST AND SAVINGS BANK.
By
(Signed) (Signed)
E. F. JORDAN, Secretary. GEO. M. TERINE, President.
(Copy)
S-WIPI F FORM OF SUBSCRIPTION
COOS BAY TRACTION CORPOKATIO
Agreement to Purcha
In consideration of the allotment to me of the issue of
( per cent. 50 year Guaranteed Debenture Gold Bonds of
,hL Coos Bay Traction Corporation,
I herebv aoree to purchase through the (Any) Bank of
Rosebufg 'Oregon, (Anv No. desired) $100.00, Guaran
teed Debenture Gold fiond , of the issue above described,
and agree to p.tv for same through the said Bank, as fol
lows to-wit: S. '(10 per cent), .of the purchase price upon
acceptance of this allotment by me, and I hereby agree to
make a further pavment of $..(10 per cent.).. to the said
B-mk on or before the first day of each month hereafter,
until the full purchase price of the Bond hereby purchased
has been paid in full, when the said Bond are to be de
livered to me bv and through the said Bank.
Dated....' 191....
Witness N""ie
Address Address
No.
(Copy)
COOS BAY TRACTION CORPORATION
SAMPLE FORM OF THE
$100 Temporary Certificate $100
This certificate is exchangable by the holder hereof,
on or alter October 15th, 1910, at the office of the Marine
Trust and Savings Bank, San Francisco, California, for
one 50 year, six per cent., Guaranteed Gold Debenture
Bond of the par value of One Hundred Dollars, .issued by
the Coos Bay Traction Corporation, now being litho
graph, bearing the following endorsement:
"Know All Men by These Presents:"
That, for value received, the Marine Trust and Savings
Bank, of San Francisco, California, hereby covenants and
agrees to pay to bearer, or, if registere l, to the registered
owner thereof, upon surrender of this bond at its Home
Office in the City of San Francisco, California, 50 years
from date hereof, the par value of the within bond, in Gold
Coin of the United States of America.
This Bond is protected by an adequate deposit of cash
or securities, made by Coos Bay Traction Corporation with
the Marine Trust and Savings Bank of San Francisco, Cali
fornia, to indemnify purchaser of this bond against loss.
In Witness Whereof, the Marine Trust and Savings
Bank has caused this instrument to be executed in its naiwif
under its Corporate Seal by its officers duly authorized at
its office in San Francisco, California, this, the .day
of 19
MARINE TRUST AND SAVINGS BANK
BY
(Signed) (Signed)
E. F. JORDAN, Secy. GEO. M. PERINE, Pres.
Coos Bay Traction Corporation,
Treasurer.
Marine Trust and Savings Bank,
By , Secretary.
The $1,000,000 temporary guaranteed certificate issue
is arranged for the purpose of expediting the corporation
construction work pending the ninety days delay of the
Iaa'c' (lcMver.v of 1,le permanent bond issue, with its
100 Semi-Annual Interest Coupons, attached.
The first $1,000,000 series of the corporation's $5,000,
000 bond issue is reserved for subscription locally, along
the corporation lines, from Coos Bav to Roseburg and
Grants Pass, Oregon, and are to be sold for par and accrued
interest to net six per cent. Delivery will be made through
any bank desired by the subscriber, express prepaid.
I he Coos Bay Traction Corporation Fifty Year Six
" , !n,nU:!r:m,Ce Dc,clltre Gold Bonds are dated Au
gust 1, 1910, due August 1, I960. Optional for redemption
on any interest payment dates, on and after 1915, at $105
and interest. Interest payable February first and August
SffiSi1 ,hc Marine Trust and Savine Bank'
p.rrhC.CnS1Jay Trnction Corporation Fifty Year Six
ohliS' i KM,U,U,X' , Bo,Ki Iss"eisa promise to pav
own I ,a,ckcd by a" thc assets of the corporation, now
Kd and that may hereafter be acquired bv the corpora-
Mrin Tr "'1 J'"1"' h- " adequate deposit with the
tte TrZ C SaVmgS Bank 0f San Francisco, whereby
of Jv nf ?umpa agreeS t0 grantee to the purchasers
t'ZttSC, asa,Mt ,oss
COOS BAY TRACTION CORPORATION,
-Marshfield, Oregon.
COOS BAY TRACTION CORPORATION
. P. L AN'S, Sec'v and Mirr. Traction Dennrtinent
N. B. CAMPBELL.' Treas. and Mgr. Bond Department.
GEO. F. AVERILL. President
Authorized Capital Stock $1,000,000.00
Capital, Assets and Guaranteed Debenture Gold Bond Issue
Over $5,000,aX)
Offices at
Marshfield, Oregon North Bend. Oragon
The First Trust Building 0 First Nat'l Bank Bldg.
F lSn.!v?MvVi-f'IVcs- a,ul M'- R"1 Estate Dept.
T- L. KOI.INSON.ch.cf ling, and Mg,. Comt,ucfn Dept.
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