Full text: Thomson's manual of Pacific Northwest finance

THOMSON'S MANUAL 
UNITED MEDICAL & DENTAL BUILDING, INC., Seattle, Wash. 
CONTROL: United Pacific Realty & Investment Co. (Subsidiary of United Na- 
tional Corp.) owns 519% of outstanding stock. 
PROPERTY: Company owns in fee and operates the Medical and Dental Build- 
ing, an 18-story structure, completed in 1925, located on about one-third city 
block, facing 230 feet on Olive Street, 64 feet on Westlake Avenue, 41 feet on 
Fifth Avenue and 100 feet on Sixth Avenue, in the upper shopping district of 
Seattle. Land and building appraised at $2,750,000. 
Building contains approximately 3,122,000 cubic feet and 123,000 square feet 
of rentable area. Offices are occupied exclusively by doctors and dentists. 
FUNDED DEBT, As of Dee. 31, 1929 
Rate Dated Due Authorized Outstanding 
1. 1st Mtg. S. F. Bonds...c.cece...... 6% 10-14-27 10-15-47 $2,200,000 $1,575,000 
2. Gen. Mtg. Serial Bonds............ 7% 10-14-27 1930-42 $600,000 $390,000 
i. FIRST MORTGAGE 6% SINKING FUND GOLD BONDS 
Interest Payable: Mar. 15 and Sept. come tax not in excess of 29 and cer- 
15, at the Continental & Commercial tain state taxes refunded in Calif., 
National Bank, Chicago, or office of Mich, Towa and Minn. 
trustee. Security: The bonds are the direct 
Trustee: National Bank of Com- dbligation of United Medical & Dental 
merce, Seattle. . Building, Inec., and are secured by a 
Registerable: As to principal only. first mortgage on land owned in fee 
Denominations: Coupon $1,000, $500 and the Medical and Dental building. 
and $100. Legal Opinion by: D’Ancona & 
Callable: At the option of the com- Pflaum, Chicago, and Peters & Powell, 
pany at 102 on or before Sept. 15, 1946, Seattle, for the bankers, and of George 
and at par thereafter. - Harroun, Esq., of Seattle, for the bor- 
Sinking Fund: A sinking fund pro- rowing corporation. . 
vides for the retirement of an aggre- Offered by: Lawrence Stern & Co. 
gate principal amount of $725,000, or Drumheller, Ehrlichman & White, Dean 
approximately 46% of this issue, prior Witter & Co., November, 1927, at 100. 
to maturity. Listed on: Seattle Stock Exchange. 
Tax Status: Interest payable with- Price Range: 1929, high 102, low 
nut deduction for normal Federal in- 9614. 
2. GENERAL MORTGAGE SERIAL 7% GOLD BONDS 
Interest Payable: Sept. 15 and March Security: Direct obligation of the 
15, at trustee’s office. United Medical & Dental Building, Inc, 
Principal Payable: Sept. 15 of each and are specifically secured by a gen- 
vear. 1930-31, $15,000; 1932, $20,000; eral mortgage on land owned in fee, 
1933, $25,000; 1934, $30,000; 1935-36-37- and the Medical & Dental Building, 
38-39-40-41, $35,000 each; 1942, $40,000. Seattle, subject only to a first mortgage 
Trustee: National Bank of Commerce, of $1,575,000. 
Seattle. Legal Opinion by: Messrs. D’Ancoma 
Registerable: As to principal only. & Pflaum, Chicago, for the bankers; 
Denominations: $1,000 and $500. Peters & Powell, of Seattle. 
Callable: At 100 on any interest date Offered by: Drumheller, Ehrlichman 
on 30 days’ notice. . & White. 
Tax Stans inferest Payase without Date Offered: Sept. 1927. 
deduction for norma ederal income . | 
tax not in excess of 29%, and certain Listed: Seattle Stock Exchange. 
state taxes refunded in Calif.,, Mich., Price Range: 1929—High. 991; Low 
Towa and Minn. 93. 
VANCOUVER GEORGIA HOTEL, Vancouver, B. C. 
FIRST MORTGAGE 6% SERIAL COUPON GOLD BONDS 
rienennen-$1,350,000 to 1942, then $66,000 in 1942, and the 
- 57,000 balance, $693,000, in June, 1942. 
_— Interest Payable: June 1 and Dec. 1. 
Outstanding, July 1, 1930........$1,293,000 Interest & Principal Payable: At 
Dated: June 1, 1926. trustee’s office. 
Due: Serially, 1929-1942. Trustee & Registrar: 8S. W. Straus 
Property: Lot 120 by 150 ft, on & Co. 
which was built in 1926 a 12-story hotel Registerable: As to principal. 
structure of reinforced concrete with Denominations: $1,000, $500, $100. 
320 guest rooms. Callable: At 103 for first 5 years, 
Location: Northwest corner of thereafter at 102. 
Georgia and Howe Streets, Vancouver, Sinking Fund: Monthly deposit of 
B. C. 1-12th of the amount of principal and 
Security: Closed first mortgage on interest due during current year. 
(and, buildings, furnishings and equip- Tax Status: 29 TU. S. Federal in- 
ment. Estimated value, $2,110,000 in come tax paid. 
1926. Mortgagor: Georgia Hotel Co. Ltd. 
Maturities: Sepially, June 1 of each (Affiliated with Dredging Contractors, 
vear; 1929, $27,000, and increasing Ltd.) . 
thereafter at the rate of $3,000 per Offered by: S. W. Straus & Co, in 
vear until 1938. and thereafter at $4.000 June, 1926. 
Authorized .._.. 
Retired
	        
Waiting...

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.