Full text : Thomson's manual of Pacific Northwest finance

THOMSON'S MANUAL
OREGON TERMINALS COMPANY
GENERAL OFFICE: Portland, Ore. }
HISTORY: Incorporated under laws of Oregon, April 22, 1927.
PROPERTY: Company owns approximately 101 acres of waterfront and industrial
 property in Portland, Ore., on which in 1927 was built a steamship terminal
 and 3 warehouses. Properties served by Union Pacific, Southern Pacific,
Northern Pacific, Great Northern and Spokane, Portland & Seattle railroads. The
first unit leased for 15 years from 1928 to Oceanic Terminals Co. at an annual
rental of $175,000 .
OFFICERS: J. O. Elrod, Pres.; J. H. Trimble, Vice Pres.; Jay Bowerman, Sec.-reas.
 .
DIRECTORS: J. O. Elrod, J. H. Trimble, Jay Bowerman, C. O. Roemler, Waldo
Miller, all of Portland, Ore.
Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Wed. in May.
CAPITALIZATION Par Value Authorized Outstanding
7% Cum. Pref. Stock... cveeememme $100 $2,500,000 $2,200,000
Common Stock .. -...No Par 25,000 shs 25.000 shs
FUNDED DEBT, As of Dec. 31, 1929
First Mortgage Sink. Fund Rate Dated Due Authorized Outstanding
Gold Bonds, Series “A”... ..6%% 5-1-27 5-1-42 $1,500,000 $1,500,000
Interest Payable: May and Nov. 1, at Tax Status: Company pays normal
trustee’s office. Federal income tax up to 2% and re-Trustee:
 TU. S. National Bank of funds Calif. personal property tax up
Portland, Ore. to 5 mills.
Registerable: As to principal. Security: First mortgage on 101
Denominations: Coupon $1,000 and acres of land and steamship terminal
$500. and 3 warehouses on west bank of Wil-Callable:
 As a whole or in part by lamette River, Portland, Ore., appraised
lot on any interest date on 30 days’ no- at $3,130,000, and further secured by
tice at 103 for first 5 years; 102 for the pledge of lease.
next 5 years, and 101 for the last 5 Additional Bonds: May be issued unyears.
 der mortgage only with consent of
Sinking Fund: All rentals received Peirce, Fair & Co. to a par amount not
under the terminal lease will be depos- to exceed 60% of the cost or fair value,
ited monthly with trustee, who will de- of additional terminal facilities but in
duct amount necessary to pay taxes and no event shall par value of additional
insurance. Remainder will be used to ponds, plus those then outstanding, be
pay interest and buy or call bonds for in excess of 50% of the value of all the
retirement subject to establishing and property, including cost or fair value
maintaining of permanent reserve fund. of that to be constructed, provided,
509% of all net rentals received in ex- however, that net earnings for 12
cess of the rental of $175,000 shall be months out of 14 months immediately
paid annually to trustee for service of preceding issuance of bonds, shall be at
these bonds. Any land sold under the least 13% times interest requirements
mortgage may be released at 509% of on all bonds then outstanding under
the sale price or a minimum payment this mortgage. Bonds may also be isto
 the trustee of $15,000 an acre for any sued to refund bonds of a previous seof
 the 68 acres east of railroad tracks, ries issued and outstanding.
and $7,500 an acre for any of the 33 Offered by: Peirce, Fair & Co., Portacres
 west of tracks land. Ore.. May. 1927, at 100.

OREGON-WASHINGTON BRIDGE COMPANY

GENERAL OFFICE: Security Bank Bldg. Olympia, Wash.
HISTORY: Incorporated under laws of Washington, January, 1923.
BUSINESS: Operating and owning toll bridge over Columbia river between Hood
River, Ore., and White Salmon, Wash.
PROPERTY: Bridge 4.400 feet long. 11 concrete piers, 10 steel spans and timber
approaches.
OFFICERS: Ebert M. Chandler, Pres. & Treas.; Hilmar Papst, Vice Pres.; H. C.
Flagg, Sec’'y; H. I. Haycox, Asst. Sec'y.
DIRECTORS: Paul C. Harper and J. A. McEachern, Seattle, Wash.; Ebert M
Chandler, Olympia, Wash.; D. C. Henny. Portland, Ore.; Leslie Butler and E. O
Blanchard, Hood River, Ore.
GENERAL COUNSEL: Cleland & Clifford, Olympia.
GENERAL AUDITORS: Lybrand, Ross Bros. & Montgomery.
Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Tues. in July
Number of Employes: Regularly, 6.
CAPITALIZATION: Par Value
1. 7% Cum. Pref. StocK.uoooceeeceeeeeeeee. $100
92 Common Stock 3100

Outstanding
$175,000
¢925 000
            
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