REAL ESTATE
MEDFORD CENTER BUILDING, Medford, Oregon
FIRST (CLOSED) MORTGAGE 61% SINKING FUND GOLD BONDS
Authorized .. ..$135,000 at trustee's office.
Retired _. 23,500 Orbrustee: Title & Trust Co., Portland,
—_— - re.
Dutstanding, May 15, 1930............$111,500 Denominations: $1,000, $500, $100.
Dated: Dec. 1, 1926. Callable: On any interest payment
Due: Dec. 1, 1941, date at 105 up to and including Dec. 1,
Property: Lot 140 by 100 ft. with 1928; thereafter at 103 up to and inalleys
 both on side and rear, giving cluding Dec. 1, 1935; thereafter at 101.
four frontages. Four-story and base- Sinking Fund: Will retire over half
ment concrete store and office build- the issue .within 10 years and over 90%
ing, equipped with passenger and prior to maturity.
freight elevators, and steam heat. Tax Status: Without deduction for
Location: At the corner of Sixth normal ‘Federal income tax not in ex-Street
 and Central Avenue, in the cen- cess of 2%. Will refund Calif. personal
tral business district of Medford, Ore. property taxes not in excess of 5 mills.
Security: Closed first mortgage on Mortgagor: Medford Center Buildland
 and building, appraised at $235,- ing Co.
100. Offered by: Freeman, Smith & Camp
Interest Pavable: June and Dec. 1, Co., Portland, Ore., Dec., 1926.

+ §

METROPOLITAN BUILDING COMPANY
GENERAL OFFICE: 1201 Fourth Ave. Seattle, Wash.
CONTROL: 99% 9% of stock held by the Metropolitan Company.
HISTORY: Incorporated under laws of Washington, July 23, 1907.
PROPERTY: The Company owns a 50 years’ lease, expiring Nov. 1, 1954, on
approximately 10 acres of property owned by the University of Washington, extending
 from the alley between Third and Fourth Avenues on the west to the
alley between Fifth and Sixth Avenues on the east, and bounded by Seneca Street
on the south and Union Street on the north. This property comprises 4 city
blocks equivalent to 40 lots.
The company has completed its building program as provided in the terms
of the lease and all property is now permanently improved. These buildings
constructed by the Metropolitan Building Company comprise the White-Henry-Stuart
 Building, Douglas Building, Cobb Building, Stimson Building and the
Olympic Building. The Olympic Hotel, Skinner Building and Metropolitan Theater
 Building are also on the leased property, but were constructed by the Community
 Hotel Corp., Fifth Avenue Building Company and Frohman, Klaw &
Erlanger, respectively. These three buildings pay a combined ground rental at
the present time of $55,500 per annum subject to certain increases from time
to time in the future.
The leasehold from the University of Washington, dated Nov. 1, 1904. runs to
Nov. 1. 1954, on the following basis:
1922 to November 1, 1932, at rate of § 80,000 per annum
1932 to November 1, 1942, at rate of 100,000 per annum
1942 to November 1, 1954, at rate of 140,000 per annum
The property covered by the lease, including both land and buildings, owing
to the fact that it is owned by the University of Washington, is exempt from all
real property taxation. This exemption has been confirmed by the Supreme
Court of the State of Washington. The only local taxation to which the company
 is subject is that of the personal property tax on the appraised valuation
of its lease,
OFFICERS: J. F. Douglas, Pres. and Mgr.; O. D. Fisher, Vice Pres.; E. A. Stuart,
Vice Pres.: C. H. Cobb, Vice Pres.; W. H. Talbot, Vice Pres.; I. .C. Henry, Vice
Pres.; J. H. Douglas, Vice Pres.; O. D. Fisher, Treas.; W. T. Douglas, Sec'y. &
Asst. Mgr.; S. A. Hilmes, Asst. Treas.; M E. Smith, Asst Sec'y.
TRUSTEES: C. H. Cobb, J. F. Douglas, E. A. Stuart, W. T. Douglas, D. G. Graham,
 R. D. Emerson, O. D. Fisher, L.. C. Henry, Wm. Edris, E. A. Middleton, A. W.
Middleton, T. D. Stimson, R. D. Merrill, A. S. Eldridge. E. H. Stuart. W. H. Talbot.
D. E. Skinner, D. E. Frederick, F. C. Talbot.
Fiseal Year Ends: June 30.
CAPITALIZATION: Authorized and outstanding, $5,000,000; Common stock, par
value. .

FUNDED DEBT, As of June 30, 1930
first Mortgage (Leasehold) Rate Dated Due Authorized Outstanding
Sinking Fund Gold Bonds........ 6% 1907-24 8-1-2327 $5,000,000 $3.000,000
Interest Payable: Feb. and Aug. 1 at amount of certified bonds to be retired
trustee’s office. each year. Present requirement is
Trustee and Registrar: First Seattle $167,000 annually. On June 30, 1930,
Dexter Horton National Bank. sinking fund was 2 years ahead of re-Registerable:
 Exchangeable for fully guirements.
registered bonds or registered as to Security: First mortgage on comprincipal
 only. pany’'s leasehold.
Denomination: $1,000. Listed on: Seattle Stock Exchange.
Callable: On any interest date at Price Range: 1929 1928
1n3, igh eeeeeieeceiaeeaeeene.. 100% 102
sinking Fund: One-thirtieth of the Ld OW eee ee. 991, 10014