Full text : Thomson's manual of Pacific Northwest finance

446

THOMSON'S MANUAL
CAPITALIZATION, As of June 30, 1930
Par Value Authorized Outstanding
Class A STOCK ...cmmmmmmsrissmsssnr i LOY 200,000 shs 100,000 shs
Common Stock eeeeeoeceeeeceeeeeeeneeeeee-NO Par 40.000 shs 10,000 shs

1.
2.

i. CLASS A PARTICIPATING PREFERENCE STOCK
Provisions: Entitled to preferential shall not be entitled to vote except in
non-cumulative dividends up to $1 per the event of the non-payment of divishare.
 The Common stock shall then dends for any two-year period.
be entitled to 25¢ per share; thereafter Transfer Agent & Registrar: First
the remaining net earnings declared as  geattle Dexter Horton National Bank.
dividends shall be divided in the ratio
of 809% to Class A stock and 20% to Legal Opinion by: Donworth, Todd
Common stock. Class A stock entitled, Holman and Kerr, McCord & Ivey.
in the event of liquidation, up to $25 Publie Offering by: First Seattle
per share. The Common stock shall Dexter Horton Securities Co., Seattle
then be entitled to receive $15 per Co., Dean, Witter & Co., Peoples Seshare;
 thereafter remaining assets curities Co. and others, at $12.50.
shall be divided 80% to Class A stock Listed on: Seattle Stock Exchange.
and 20% to Common stock. Price Range: 1929, high, 141%; low,
Voting Power: The Class A stock 1%.
COMPARATIVE BALANCE SHEET, As of June 30

ASSETS—
Cash aNd CAll LOANS eeeeeeeemaeeeeaeemeesammmmmememmmcancmenenanesrassreses 3
Notes and Accounts Receivable... ieee
BeCUuTTIEE DOWIE .....contmmmmiioin cirri ies ES BE SA AES S TORRE Ha ww ems
Real Estate OWned. ieee renee nan
Leaseholds ccc... ve ts nnE—————_—————arEam ARERR SESE SR AER
INVESLIBONES  coeeereremcmseeenommmrrnssmresnsnssmsmnsssssmsssssssssssnsasnsntnstraneanes bo supe
Mortgages Receivable ....... cocccsssmmmermmissssssosssmmmss sesso smrmmes
Lease DePOSItS ciara semen nese eaee
Deferred CRATES .oceccceevcces = + + eeceecerrrmsr er ereemc semen ne nner omens
Stock Subscriptions .....

1930
609,559
15,487
2,750
492,502
61,371
28,925
4,432
135,000
5,939
en

TOTAL ASSETS eens

..%1.356.795K

LIABILITIES—
CLASS A STOCK en oeeeeeeeeeeeeeeeeeeesaeeaeeseneeensnamnnemmmne enn onereeneene- $1,000,000
COMMON STOCK cee eeeea in eean een eenn noes omens massa smnn samen onns 15,900
Mortgages Payable oie eee 294,177
Tenants’ DePOSItS meee rrccne mss rr eee senn sere nes enna 9,777
Depreciation ReSeIVEe ...oocoeoeioioacreeieremmmmeensnmmmmnoenn eens 8,216
Surplus ...... nnn ————a eam n Ame RAPHE TREE 28,725

TOTAL LIABILITIES ieee

oo _.....81.356.79h

1929
151,079
40.832

295.442

21.821

529 174

e

500,000
5,625
18,750
14.799

$ 539.174

FIRST REALTY HOTEL CORPORATION (ROOSEVELT HOTEL) .
Seattle, Wash.
614% FIRST MORTGAGE LEASEHOLD SERIAL GOLD BONDS
Authorized & Outstanding............$235,000 1985; $15,000, 1936-38, incl.; $17,500
Dated: April 1, 1930. 1939; $130,000, 1940.
Due: Serially, 1932-1940. Interest Payable: April and Oct. 1.
Property: 19-story hotel, built in Interest & Principal Payable: At
1930, on lot 70 by 120 ft. held on 99- trustee's office.
vear lease. Leased to Maltby, Thurs- Trustee: Peoples Bank & Trust Co,
ton Hotels, Inc. Seattle Trust Co., co-trustees.
Location: Southwest corner Seventh Denominations: $1,000 and $500.
Ave. and Pine St., Seattle (120 ft. on Callable: As a whole or in part, in
Pine). inverse numerical order, on any inter-Security:
 First mortgage on lease- est date, at 103.
hold, building and fixtures. Also di- Tax Status: Borrower pays 2% Fedrool
 Dhligaiien of Firs Realty Cor- eral income tax.
poration and its subsi iary, the First Legal Opinion by: Charles T. Don-Realty
 Hotel Corporation. worth and Philip D. McBride.
Maturities: Serially, April 1, of each Offered by: Peoples Securities Co.
vear: $10,000, 1932-34, incl.; $12,500, and Seattle Co.. April, 1930, at par.
            
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