Thomson's manual of Pacific Northwest finance

Bibliographic data

Monograph

Identifikator:: 1838857176

URN:: urn:nbn:de:zbw-retromon-229226

Document type:: Monograph

Title:: Thomson's manual of Pacific Northwest finance

Place of publication:: Seattle

Publisher:: Thomson's Statistical Service

Year of publication:: 1930

Scope:: XXX, 487 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section VI. Public utilities

Collection:: Economics Books

THOMSON'S MANUAL COLUMBIA RIVER LONGVIEW BRIDGE COMPANY GENERAL OFFICE: Longview, Wash, HISTORY: Incorporated under laws of Delaware, Oct. 19, 1928. BUSINESS: Company operates a toll bridge across the Columbia River, connect- ing Longview, Wash., and Rainier, Ore., pursuant to an Act of Congress, approved January 28, 1927. Bridge was opened to traffic March 27, 1930. FRANCHISE: Secretary of War, the Secretary of Commerce and the Secretary of Agriculture, acting jointly, approved the general plans and location of the bridge. The franchise gives states of Washington and Oregon the right at any time to acquire the property by purchase or by condemnation at a price deter- mined in accordance with law, and after 20 years from date of completion to acquire the property by condemnation, at a price covering actual cost of con- structing the bridge (less a reasonable deduction for actual depreciation), plus che actual cost of acquiring necessary interests in real property, actual financing and promotion costs (not to exceed 10% of the cost of construction and of the acquisition of interests in real property) and actual expenditures for necessary mprovements. DFFICERS: W. D. Comer, Pres.; Arnold E. Foster, Vice Pres. & Treas.; Wesley Vandercook, Secy.; Ernest P. Wilson, Asst. Secy.; R. O. Houghton, Asst. Treas. DIRECTORS: W. D. Comer, Arnold E. Foster, K. M. Gilham, H. E. Gray. R. O Houghton, James C. Read, Wesley Vandercook. GENERAL COUNSEL: Warren H. Lewis, Seattle. Fiseal Year Ends: Dec. 31. Annual Meeting: 2nd Tues. in Jan. CAPITALIZATION, As of March 29, 1930 Par Value Authorized Ceeeneeemnen $100 $200,000 £111) $1,000,000 ~~ No Par 9 999 ghs 94 Outstanding $200,000 $1,000,000 9.999 shs 1. 7% CUMULATIVE PRIOR PREFERRED STOCK Provisions: Preferred as to 7% cum- to $50,000 annually, and % of any earn- nlative dividends over other classes of ings over $50,000 to be applied to re- stock and to $100 per share in event of tirement of Prior Preferred, and after liquidation. Prior Preferred has been retired. to Callable: On 30 days’ notice at 100. apply to Preferred. sinking Fund: All net earnings up tI. 79% Cum. Prior Pref. Siock.. 2. 7% Cum. Pref. Stock... 3. Common Stock 2. 7% CUMULATIVE PREFERRED STOCK Provisions: Subject to Prior Pre- liquidation. } ‘erred, has preference as to 7% cumu- Callable on 30 days’ notice at 100. ative dividends .and $100 in event of Sinking Fund: See Prior Preferred. FUNDED DEBT, As of March 29, 1930 l. First Sinking Fund Rate Dated Due Authorized Outstanding Gold BONAS wocoeaeeeeencrmrereneee 06% 10-1-28 10-1-53 $3,000,000 $3,000,000 9 15-Yr. S. F. Debentures.......... 7% 10-1-28 10-1-43 $1.600.000 $1,600.000 1. FIRST MORTGAGE 614% Interest Payable: April 1 and Oct. 1 at office of J. & W. Seligman & Co., New York, or Bank of Italy, San Francisco. Trustee: Guaranty Trust Co. of New York. Registerable: As to orincinal (cou- pon bonds). Denominations: $1,000 and $500. Callable: As a whole or in part by iot, on any interest date on 30 days’ notice, to and including Oct. 1, 1938, at 105 and interest; thereafter to and in- cluding Oct. 1, 1948, at 103 and inter- ast; thereafter prior to maturity at 101 and interest. Sinking Fund: A Sinking Fund will be provided. beginning April 1. 1933, in 2. 15-YEAR SINKING FUND 7% PARTICIPATING GOLD DEBENTURES interest Payable: April 1 and Oct. 1, notice, to and including Oct. 1, 1933, at at office of J. & W. Seligman & Co., 110 and interest; thereafter to and in- New York. cluding Oct. 1, 1938, at 107 and inter- Trustee: Guaranty Trust Co. of New sst; thereafter prior to maturitv at 104 York. and interest. . Registerable: As to principal (cou- Participation: Debentures entitled pon debentures). to receive on each semi-annual interest Denominations: $1,000 and $500. payment date, beginning Oct. 1, 1931, Callable: As a whole or in part by additional interest up to 1% % for the lot. on anv interest date on 30 davs’ six months ended on the previous June SINKING FUND GOLD BONDS semi-annual installments, calculated to retire the entire issue at or before ma- turity. Tax Status: Company pays normal Federal income tax up to 2% and re- ‘und personal property tax of any state ‘n the Union. Security: First mortgage on all real property now owned or hereafter ac- guired. Legal Opinion by: Cravath, de Gers- jorff, Swaine & Wood for the under- writers; Warren H. Lewis for the com- pany. Offered by: J. & W. Seligman & Co. New York. Oct.. 1928. at 9915,

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