PUBLIC UTILITI:
ment date prior thereto, at 106 and in-
terest, and thereafter at 106 and inter-
est, less 1% 9% for each expired six
months between Aug. 1, 1931, and Aug.
I. 1943.
Sinking Fund: Commencing June 10,
1931, and yearly thereafter, the com-
pany will pay to the Trustee, as and
for a sinking fund, not less than 50%
of its annual net earnings remaining
after payment of bond interest, to pro-
vide for the retirement of outstanding
bonds of this issue. It is estimated
that this fund will be sufficient to re-
tire a substantial portion of the en-
tire outstanding issue of bonds before
their maturity.
Tax Statux: Normal Federal income
ax to 29% paid and California personal
property tax paid up to 6 mills.
Secured by: An absolute first mort-
gage lien upon all the physical prop-
arties now owned or hereafter acquired
hy the company, including Federal
rower permits, rights of way, contracts
ind other tangible assets, valued in
axcess of $600,000.
Legal Opinion by: Messrs. Orrick,
Palmer & Dahlquist, San Francisco.
Offered by: Russell-Colvin & Co.,
San Francisco, Oct., 1928, at 100.
BREMERTON BRIDGE COMPANY
GENERAL OFFICE: Burke Bldg. Seattle, Wash.
HISTORY: Incorporated under laws of Washington, Feb. 5, 1929.
BUSINESS: Operators of toll bridge across Port Washington Narrows, an arm
of Puget Sound, connecting city of Bremerton, Wash, and East Bremerton, af-
fording direct traffic between Puget Sound Navy Yard, at Bremerton, and U. S.
torpedo station at Keyport, Wash. Opened for traffic June 15, 1930.
PROPERTY: Steel span on concrete piers, with timber approaches, 1,600 feet
long, with 80 feet clearance, costing approximately $525,000.
FRANCHISE: Construction authorized by Act of Congress June 14, 1926, and
franchise granted by city of Bremerton, running 50 years from Oct. 1, 1926.
MANAGEMENT: C. E. B. Oldham, Pres.; Chas. P. Kimball, Vice Pres., both of
Bremerton, Wash.; Dwight D. Hartman, Secy.-Treas., Seattle, Wash.
DIRECTORS: The above, together with Wm. Abbott and L. A. Bender, Bremer-
ton, Wash., and Paul C. Harper, Seattle, Wash.
GENERAL COUNSEL: Hartman & Hartman, Seattle, Wash,
Fiscal Year Ends: Dec. 31. Annual Meeting: I.ast Tues. in Feb.
CAPITALIZATION, As of May 1, 1930
Par Value Authorized
I. 7% Cum. Pref. StocKk....oceeevvueeeececcee.. $100 275,000 shs
2. Common Stock .......No Par 6.000 shs
le. 7% CUMULATIVE PREFERRED STOCK
Provisions: Has preference as to Voting Power: Non-voting.
cumulative dividends and as to assets in Dividends: Paid semi-annually.
dissolution up to $100 per share. Transfer Agent and Registrar: The
Callable: At 102 on 30 davs' notice. companv
I'TNDED DEBT, As ¢*
i. First Mortg. Sink. Fund Rate Dated
Gold Bonds o.oo. T% 9-1-29
2. Sinking Fund Debentures... 79 10-1-929
Outstanding
$200,000
3 36,000
i. FIRST MORTGAGE 7% SINKING FUND GOLD BONDS
Interest Payable: Mar. and Sept. 1, eral income tax and upon application
by trustee. will reimburse holder for state tax not
Trustee: Pacific National Bank, Se- exceeding 4 mills.
attie, Wash. Security: First closed mortgage on
Denominations: $1,000, $500. 111 assets.
Callable: As whole or in part on any Warrants: Each bond carries war-
interest date, on 30 days’ notice at 105, ‘ant entitling holder to purchase prior
after 5 years, at 103 within 10 years 0 Sept. 1, 1934, one share Common
and at 101 after 10 years. stock for each $500 bond. at 310.00 per
Sinking Fund: Beginning July, 1934, share.
company agrees to create annual sink- Legal Opinion by: Kerr, McCord &
ing fund sufficient to retire 709% of is- Ivey, Seattle, Wash.
sue at maturity. No dividends to be Offered by: Wm. P. Harper & Sons,
paid on stock until sinking fund re- Seattle, Wash., Sept., 1929, at par with
serve is set up. 1 share Common stock as honus with
Tax Status: Company pavs 29 Fed- rach £500 bond
y -, 1930
ve iuthorized
$200,000
$ 75.000
2. 7% SINKING FUND GOLD DEBENTURES
Interest Payable: Apr. and Oct. 1, at fore any dividends paid on Common or
Pacific National Bank, Seattle, Wash. Preferred stock, company agrees to set
Denominations: $1,000 and $500. up sinking fund on or before Sept. 31
wi oat rion Sine TUES, AE 168 of each year as follows: First year
within 6 years; 101 within 10 years. *1 200, 2nd Se yee) or yearn $7.8001
Sinking Fund: After requirements 2,” ar, S0U; Nex years. $6.
on First Mortgage Bonds have been ach.
met and operating expenses paid. be- Security: Junior to first morteage.