REAL ESTA

BENJAMIN FRANKLIN HOTEL, Seattle, Washington
97-YEAR LEASEHOLD FIRST MORTGAGE 6v%.% GOLD BONDS
Authorized & Outstanding..........$550,000 Interest Payable: June and Dec. 1.
Due: Serially, 1931-41. Interest and Principal Payable: At
Property: 1l4-story fireproof hotel ihe iis of 'W. D, Comer & C5, Sepuilding
 with 335 rooms and 6 store Trustee: W. D. Comer.
loactions and leasehold on land 120 by co.
LU8 feet. Registerable: As to principal only.
Location: Southeast corner Fifth Denominations: $100, $500, $1,000.
Ave. and Virginia St., Seattle, Wash. Callable: On any interest date at
security: First mortgage on 97-year 02 and interest
jeasehold interest on land 120x108 feet, Sinking Fund: One-twelfth of the
the building, equipment, an equity in vear's requirements for interest and
the furniture, as well as a first lien redemption is set aside each month.
upon the income. Tax Status: 29% Federal income tax
8 paid by the borrower.
Mortgagor: Gardner J. Gwinn and
wife.
Offered by: W. D. Comer & Co.. Seattle,
 Wash., at 100.

Maturities: Dec. 1 each year; $12,000,
1931; $14,000, 1932; $18,000, 1933; $22,-000,
 1934; $27,000, 1935; $30,000, 1936;
$32,000, 1937; $36,000, 1938; $38,000,
1939: $40.000. 1940: $281.000, 1941

BERGONIAN HOTEL, Seattle, Washington
FIRST MORTGAGE LEASEHOLD 6v%49% GOLD BONDS
350,000 1930, $12,000; 1931, $15,000; 1932, $18,-a
 12,000 000; 1933, $18,000; 1934, $287,000.
Dutstanding, June 30, 1930............$338,000 Interest Payable: Mar. and Nov. 1.
Dated: March 1, 1927. Interest & Principal Payable: At
Due: Serially, 1930-1934. trustee's office.
Property: 12-story modern Class A Trustee: Seattle Trust Co.
fireproof hotel building faced with Denominations: $100, $250, $500 and
brick and trimmed with terra cotta, $1,000.
having 231 rooms. Seven stores facing Sinking Fund: Annual requirements
nn 4th Ave. and Olive St. for ground rent, taxes, assessments,
Location: Lot corner, Fourth Ave, insurance, interest and principal paid
and Olive St, 770x108 feet, under lease monthly to trustee.
for 99 years. Tax Status: Interest payable without
Security: Direct obligation of Ste- deduction for Federal income tax not
phen Berg secured by first (closed) in excess of 29%.
mortgage on leasehold and building. Offered by: Seattle Trust Co. in
Maturities: Mar. 1 of each vear: 1927 at 100

BILLINGS POLYTECHNIC INSTITUTE, Billings, Montana
FIRST MORTGAGE 6% % SERIAL GOLD BONDS
Authorized ...... een $3135,000 kane, Wash. or at the office of trus-Retired
 ......._. 20,000 tee.
— Principal Payable: At Montana Na-NDutstanding,
 June 1, 1930............5115,000 tional ink of Billings.
Dated: Nov. 1, 1925. Trustee: Montana National Bank of
Due: Serially, 1927-35. Billings, Montana.
Property: 175 acres of irrigated land. Denominations: $1,000 and $500.
All of the buildings of the Billings Callable: In reverse order on any
Polytechnic Institute. ntavest date in any smount at $102.
Location: Just outside of the citv
»f Billings, Mont.
Security: Direct obligation of the
Billings Polytechnic Institute and of
Messrs. E. T. and L. T. Eaton. The
honds are a first mortgage on all the
buildings of the institute.

Sinking Fund: A first charge against
1ll dormitory rentals and tuitions. This
‘und must be sufficient for. .two advance
nterest and principal payments. If
not sufficient, then the fund becomes
1 first charge on all incomes of the
nstitution.
Tax Status: Normal Federal income
‘aX up to 29% paid by mortgagor.
Mortgagor: Billings Polytechnic Institute.

Offered by: Murphey, Favre & Co..
Ipokane. Wash... Nov. 1925. at 100

Maturities: On May and Nov. 1 of
»ach year; $2,500, 1927-1929, incl.; $5,000
1930-1935, at which time the remainng
 $65,000 becomes due. .
Interest Payable: May and Nov. 1,
at office of Murphey. Favre & Co.. Spo-