PUBLIC UTILITI:

ment date prior thereto, at 106 and interest,
 and thereafter at 106 and interest,
 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 company
 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 provide
 for the retirement of outstanding
bonds of this issue. It is estimated
that this fund will be sufficient to retire
 a substantial portion of the entire

 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 mortgage
 lien upon all the physical proparties
 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, affording
 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, Bremerton,
 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 warinterest
 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.