SECTION X.

REAL ESTATE

Including all Pacific Northwest operating
companies whose securities are held by
the public. and all real estate bond issues.

ALBANY COLLEGE, Albany, Oregon
FIRST MORTGAGE 6% SERIAL GOLD BONDS
Authorized ..............._..._.............$150,000
Retired ............. 4,000

$4,000 Dec. 1, 1938, June and Dec. I,
1939, and June 1, 1940; $4,500 Dec. 1,
1940, June and Dec. 1 of 1941; $5,000
June 1, 1942, and $64.000 on Dec. 1
1942.

Dutstanding, May 12, 1!
Dated: ..Deec. 1, 1927.
Due: Serially June 1. 1927, to Dec
1942.

46.000

Interest Payable: June and Dec.
at trustee's office.
Trustee: First Savings Dank,
bany, Ore.
Denominations: $100, $500, $1,000.
Callable: As a whole or in part on
30 days’ notice in inverse numerical
order at 101 on any interest date.
Sinking Fund: §80,000 in notes
dledged as collateral. $200,000 of securities
 the par value of which and the
10tes pledged is not to be less than
120% of par value of the bonds outstanding.

Mortgageor: Albany College.
Legal Opinion by: Prescott W. Cookingham,
 for bankers: C. E. Sox, for
college.
Offered by: Ferris & Hardgrove,
Portland, Seattle and Spokane. at 100,
Dec. 1. 1927

Property: 48 acres of land within the
city limits of Albany, Ore., and the
college buildings located thereon.

Security: First mortgage on land
and college building located thereon in
Albany, Ore. $80,000 in notes owned
by the college. Second mortgage on
approximately 214 blocks of land within
 the city limits of Albany. Release
of the security under the second mortgage
 will be provided upon payment
of the $12,000 the proceeds from which
will be used to call bonds.

Maturities: $2,000 June and Dec. 1,
1929 and 1930; $2,500 June and Dec. 1,
1931, 1932, 1933, and June 1, 1934; $3,000
Dec. 1, 1934, June and Dec. 1, 1935, and
June 1, 1936; $3,500 Dec. 1, 1936, June
and Dec. 1, 1937. and June 1, 1938:

AMERICAN BANK BUILDING, Seattle, Wash.
FIRST MORTGAGE 69% GOLD BONDS
cf N00 Registrar: American Building Co.
n
00 Registerable: Coupon bonds. regis:
terable as to principal.
Denominations: $500 and $1,000.
Callable: With 60 days’ notice on
any interest date at 101 and accrued
nterest.
Sinking Fund: Payments made to
American Exchange Bank. $40,000 annually
 for interest and retirement. Retire
 $10,000 during year ending Nov.
1. 1929, and $114,500 by maturity.
Mortgagor: American Building Corporation.

Legal Opinion by: Messrs. Kerr, Mc-Cord
 and Ivey of Seattle, Wash.
Offered by: Wm. P. Harper & Son.
Offering Price: 100. ..Date Offered:
Nov. 1 19927

Authorized .......__.
Retired ........_.........

Dutstanding, Dec. 31, 1929.............
Dated: Nov. 1, 1927.
Due: Nov. 1, 1937.
Property: Lot 60 by 180 ft. Building
Class A reinforced concrete construction,
 12 stories high. served by 3 elevators.

Location: Southeast corner of Second
 Avenue and Madison Street, Seattle,
 Wash.
Security: Closed first mortgage on
“he building and lot. .
Interest Payable: May 1. and Nov. 1.
Interest and Principal Payable: At
First Seattle Dexter Horton National
Bank.
Trustee: First Seattle Dexter Hor
ton National Rank.