Full text: Thomson's manual of Pacific Northwest finance

A 
CRYSTAL PALACE PUBLIC MARKET, Inc., Tacoma, Washington 
FIRST MORTGAGE LEASEHOLD 7% GOLD BONDS 
Authorized ..... 1eee-$120,000 Interest Payable: June 15 and Dec. 
Retired .... 7,000 15, semi-annually. 
—_ - Interest & Principal Payable: At 
Dutstanding, June 1, 1930............,.13,000 office of Wm. P. Harper & Son, Se- 
Dated: Dec. 15, 1926. attle, Wash. 
Due: Serially, 1928-1937. Trustee: Paul C. Harper. 
Property: Fireproof market build- Denominations: $500, $100. 
ing erected on lot 120 by 165 ft., con- Callable: At 102 and interest. 
sisting of two stories, and basement. Sinking Fund: One-twelfth of the 
Location: Eleventh and Market Sts., annual requirements of the mortgage 
Tacoma, Wash. are paid monthly to the trustee in ad- 
Security: Closed first mortgage on vance, and 75% of net earnings paid 
the leasehold, having 98 years to run. to trustee monthly for purchase of 
Maturities: Dec. 15 of each year: bonds in open market at 102. 
$3,000, 1928; $4,000, 1929; $5,000, 1930: Mortgagor: C(Charada Investment Co. 
$8,000, 1931; $10,000, 1932-1934; $12,000, Offered by: Wm. P. Harper & Son. 
1935-1936: $46.000. 1927 Dec... 1926. 
CULMSTOCK ARMS, Spokane, Washington 
FIRST MORTGAGE 6v%9% SERIAL GOLD BONDS 
.-.$140,000 Interest & Principal Payable: June 
3,500 and Dec. 15, at office of Ferris & Hard- 
——— grove, or trustee. 
Outstanding, July 1, 1930............$136,500 : y = i 
Dated: June 15, 1928. Cortes Spokane & Eastern Trust 
Due: Serially 1930 to 1937. Lo 
Property: 4-story and basement Registerable: As to principal. 
apartment house, 135 rooms in one, Denominations: Coupon bonds of 
two and three-room apartments, with $1,000 and $500. 
elevator, laundry and garage. Built Callable: On any interest date upon 
in 1928, of light-faced brick and terra 30 days’ notice at 102. 
cotta. Sinking Fund: One-sixth of semi- 
Location: Eighth Avenue and Wash- innual requirements paid monthly to 
ington Street, Spokane, Wash. .rustee, 
Security: First mortgage on land Tax Status: Normal Federal income 
owned in fee, and building. Appraised tax of 2% will be paid at source. 
value, $260,000. Mortgagor: Walter M. Clist, Presi- 
Maturities: $3,500, June 15 and Dec. jent Culmstock Investment & Finance 
15, 1930, June 15, 1931; $4,000, Dec, Co. 
1931 and June, Dec, 1932 and June, 1933; Legal Opinion by: Graves, Kizer & 
$4,500, Dec., 1933, June, 1934, Dec., 1934, Graves of Spokane. 
June, 1935; $5,000, Dec. 1935, June, Offered by: Ferris & Hardgrove of 
1936, Dec., 1936, June. 1937. and 85.500. Spokane, Seattle and Portland, June, 
Dec. 15, 1937 1928. at $100 
© TTT'NPORT HOTEL. 
TT "ND GENERAL 
549,500 
800 
57,5600 
see oo 4,011,200 
Due: Seriallyv. 
nl 
Authorized 
Unissued ... 
Retired .................. _. 
Outstanding, Ju 5 wid 
Dated: Jan. 1929 
1930-42. 
Corporation: Davenport Hotel, Inc. 
was organized in 1929 to consolidate 
under one ownership and management 
the hotel and restaurant properties of 
the Davenport Hotel Companv and L. 
M. Davenport. 
Property: The land comprises an en- 
tire block in the downtown business 
district of Spokane, having a frontage 
of 300 feet on Sprague and First Ave- 
nues and 155 feet on Lincoln and Post 
Streets. Total area of the land is 46,500 
square feet. The Davenport Hotel, a 
1Z-story building, occupies an area of 
31,000 square feet. The Pennington 
Hotel, having about 60 rooms, is located 
over the Davenport Restaurant prop- 
erties. 
Security: First mortgage on the Ho- 
tel Davenport, both land and building, 
including the 1l4-story wing built in 
1929 cost approximately $250,000. In 
addition, they are secured by a mort- 
gage (subject only to a real estate loan 
of $125,000) on the Davenport Restau- 
rant and Pennington Hotel. both land 
and building 
INC., Spokane, Wash. 
MORTGAGE 6% BONDS 
The properties have been appraised 
in excess of $3,350,000. In addition, the 
mortgage covers furnishings having a 
valuation of approximately $300,000. 
Maturities: July 1, 1930, $37,500; Jan. 
t, 1931, $38,500; July 1, 1931, $39,500; 
Jan. 1, 1932, $41,000; July 1, 1932, 342,- 
200; Jan. 1, 1933, $43,500; July 1, 1933, 
544,500; Jan. 1, 1934, $46,000; July 1, 
1934, $47,000; Jan. 1, 1935, $49,000; July 
l, 1935, $50,000; Jan. 1, 1935, $52,000; 
uly 1, 1936, $53,000; Jan. 1, 1937, $54,500; 
fuly 1, 1937, $56,500; Jan. 1, 1938, $57,- 
300; July 1, 1938, $59,000; Jan. 1, 1939, 
361,000; July 1, 1939, $63,000; Jan. 1, 
(940, $65,000; July 1, 1940, $67,000; Jan. 
[, 1941, $69,000; July 1, 1941, $71,000; 
Jan. 1, 1942, $73,000; July 1, 1942, $75,000; 
Jan. 1, 1943. $77.500: July 1, 1943. $117.- 
500. 
Interest Payable: Jan. and July 1. 
Interest and Principal Payable: At 
trustee's office or Ferris & Hardgrove. 
Trustee: Old Nat. Bank & Union 
Trust Co., Spokane. 
Registerable: As to principal only. 
Denominations: $1,000, $500, $100. 
Callable: At 102 on 60 days’ notice. 
Tax Status: Company pays normal 
Federal income tax up to 29. 
Offered by: Ferris & Hardgrove and 
vurphy. Favre & Co.. January. 1929
	        
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