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About Coquille herald. (Coquille, Coos County, Or.) 1905-1917 | View Entire Issue (Aug. 10, 1910)
CITIZENS OF THE COQUILLE
The following copies of documents are submitted herewith for the
purpose of bringing to your Attention, for quick action and co-operation,
the purpose of the Coos Rny Traction Corporation in constructing rapid
transit and traction lines from Coos Bay to Bosaburg 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 Corporation's $5,000,000 issue of fifty year 6 per cent
Guaranteed 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 money, business caution and engineering 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 people are required to take up only $4,000,000 of the
above named issue of bonds, while Coos Bay and Roseburg people 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 abso
lutely Guaranteed by a reputable financial institution, are an invest
ment, sate and secure, eliminating all elements of risky promotion
schemes, and now if the people of this section really want railroad fa
cilities, with Coos Bay’s seaport, now is the ,time to act, quickly and
decisively, fora rational, legitimate project.
Subscription blanks can be obtained at any and all of the Rose
burg banks with full information, and it is now up to the Roseburg
public to show your good faith and get busy in earnest.
MARINE TRUST ANE SAVINGS BANK
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.
After examining your securities and Eastern connections; 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 sup
port 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 conditions agreed between us.
Assuring you of our strong support and co-operation, we are,
Very truly yours,
(Signed) N. B. CAMPBELL, Manager.
Directors of the Company, and bearing the endorsement of the Marine
Trust and Savings Bank, of San Erancisoo, California, for the payment
of principal at maturity. The interest on the aforesaid Debenture
Guaranteed Bonds is payable from and out 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 th" event ot failure in the payment of interest on the Debenture
Guaranteed Bond represented by this Certificate, the unpaid interest
shall become due and remain obligatory on the Company to the full ex
tent 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 Guaranteed 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
This Bond is negotiable and shall 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 bv the registered owner and similarly
endorsed hereon, but said Bond may again be made payable to the
bearer by like transfer and therafter pass by delivery until again regis
The Company reserves the right, to 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 Dy payment of One Hundred and Five Dollars ($105)
in addition to any accrued or unpaid interest for each and every Bond
to redeemed on any interest day subsequent to August 1, 1915, after
thirty days notice previous having been given on 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 known
Postoffice address, whereupon the holders of said Bonds .shall present
and surrender them to the Company for redemption; and the holder of
this Bond further agrees that after such date named for such redemp
tion interest hereon shall cease, provided the money for redemption
shall he paid upon surrender.
In witness thereof, the Coos Bay Transaction Corporation, has caused
its corporation name to be subscribed hereto by its President, sucb sign
ing to be attested by impressing its Corporate Seal verified by its Sec
retary, the First day of August, 1910.
COOS BAY TRACTION CORPORATION
SAMPLE FORM OF BOND ISSUE
COOS BAY TRACTION CORPORATION
PER CENT 50 YEAR GUARANTEED
DEBENTURE GOLD BONDS.
Principal Guaranteed by the Marine Trust and Savings Bank,
San Francisco, California.
Known all Men by these Presents: That for value received, the
Coos Bay Transaction Corporation, a Cor|>oratio:i organized and exist
ing under the laws of the State of Oregon, hereinafter called the Com
pany, is indebted and promises to pay to the bearer or registered holder
hereof, the sum of One Hundred Dollars, in Gold Coin of the United
States of America of the present standard fineness and weight, or equiv
alent, on the first day of August, 1900, at the office of the Marine Trust
and Savings Bank, in the City of San Francisco, State of California,
together with interest thereon at the rate of ( 6 ) per cent per annum,
to be computed from the First day of August, 1910, payable semi-annu
ally at the office of the Marine Trust and Savings Bank, on the first days
of August and February in each year, the first payment of interest afore
said to become due and payable on the First day of February, lq ll.a s
This Debenture Guaranteed Bond is issued under the express terms
and conditions hereinafter expressed and is one of a series of Debenture
Guaranteed Bonds of the tenor, date and amount, numbered consecutive
ly from 1 to.........., both numbers inclusive, and aggregating Five (Mill
ion Dollars,)$ 5 ,000,000), and legally authorized by the stockholders and
SAMPLE FORM OF BOND GUARANTEE
“ Known All Men by These Preseuts:”
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 United States of America.
This Bond is protected by an adequate deposit of cash or securities,
made by Coos Bay Transaction Corporation with 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 .........day of.................................
MARINE TRUST AND SAVINGS BANK.
E F. JORDAN, Secretary.
GEO. M. PERINE, President,
SAMPLE FORM OF SUBSCRIPTION
COOS BAY TRACTION CORPORATION.
Agreement to Purchase
In consideration of the aPotment to me of til« issue of 6 per cent.
50 year Guaranteed Debenture Gold bonds of the
COOS BAY TRACTION CORPORATION,
I hereby agree to purchase tlrrough the(Any) Bank of Roseburg, Oregon,
(Any No. desired) $100.00. Guaranteed Debenture Gold Bond, of the
issue above described, and agree to pay for same through the said Bank,
as follows, to-wit:$...( 10 per cent)...of the purchase price upon accent*
ance of this allotment by me, and I hereby agree to make a further
payment of $ ..(10 per cent)., to the said Bank, on or before the first
day of eacli month hereafter, until the full purchase price of the Bond
hereby purchased lias been paid in full, when the said Bonds are to be
delivered to me by aud through the said bank.
Dated ................................. / ............................ 191 .......
Address........................................................... Address ..............................
COOS BAY TRACTION CORPORATION,
SAMPLE FORM OF THE
This certificate is exchangable by the holder hereof, on or alter
October 15 th, 1910 , at the office of the Marine Trust and Savings Bank,
San Francisco, Calitornia, for oue 5o year, six per cent., Guaranteed
Gold Debenture Bond of the par value of One Hundred Dollars,’ issued
by the Coos Bay Transaction Corporation, now being lithograph, bear
ing the folloiing endorsement:
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, iu 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 Marin e Trust and
Savings Bank ol San Fiancisco, 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 under its Corporate
Seal by ita officers duly authorized at its office in San Francisco, Cali
fornia, this, the..............day of............................... 1 9 ..........
MARINE TRUST AND SAVINGS BANK
E. F. JORDAN, Secy.
GEO- M. PERINE, Pres.
Coos Bay Traction Corporation,
Marine Trust and Savings ¿ank,
The $ 1 , 000,000 temporary guarantee certificate issue is arranged
or the purpose ot expediting the corporation construction work pend
ing the ninety days delay of the printer’s delivery of the permanent
IjOnd issue, with its too Semi-Annual Interest Coupons, attached.
The first $t, 000,000 series of the corporation’s $ 5 , 000,000 bond
issue is reserved for subscription locally, along the corporation lines
from Coos Bay to Roseburg and Grants Pass, Oregon, and are to ■be
sold tor par and accrued interest, to net 6 per cent.
Delivery will be
made through any bank desired by the subscriber, express prepaid.
The Coos Bay Traction Corporation Fifty Years Six Per Cent.
Guarantee Debenture Gold Bonds are dated August 1 , ¡ 910 , due August
r, 1960 . Optional for redemption on any interest payment dates, on
and after 19 15 , at $105 and interest. Interest payable Februrry first
aud August first of each year at the Marine Trust and Savings Bank,
San Francisco, Cal.
The Coos Bay Traction Corporation Fifty Year Six Per Cent.
Debenture Bond Issue is a promise to pay obligation backed by all the
assets of the corporation, now owned, and that may hereafter be an ade
quate deposit with the Marine Trust and Savings Bank of San Fran
cisco, whereby the trust company agrees to guarantee to the purchasers
oj auy of the said $ 5 , 000,000 Bond issue against loss for the par value
of each bond purchased.
Coos Bay Transportation Corporation,
COOS BAY TRACTION CORPORATION
W. P. EVANS, Secretary and Manager Trrction Departmaut.
N. B. CAMPBELLi Treasurer and Manager Bond Department.
GEORGE F. AVERILL, President.
Authorized Capital Stock $t, 000 , 000 . 00 .
Capita, Assets and Guaranteed Debenture Gold Bond Issue
Over $ 5 , 000,000
Nor.h Bend, Oregon,
The Frst Trust Building
First Nat’l Bank Bldg.
H. SOMERS, Vice-Pres. and Mgr. Real Estate Department.
^ ROBISON, Chief Engineer and Egr. Construction Department.