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entireiivli ishi bns »ndjrotnrtl hIjiIpKIWnSUE$100,000.00 BARNES CONSTRUCTION COMPANYOflMMB, WISCONSINWo Collateral Tnwt Bonds(SERIES “G”)Dated April 1,1924Interest payable April 1, and October 1. Coupons Bonds in denominations of $1,000, $600 and $100. Redeemable as a whole or in part on any semi-annual interest date at 101, the bonds so redeemed to be selected by lot In their inverse order of maturity. Interest payable without deduction for Federal Income Tax not in excess of 2% per annum. Principal and Interest payable at the office of the Oshkosh Savings and Trust Company,Oshkosh, WisconsinUNCONDITIONALLY GUARANTEED BY MR. W. G. MAXCYAND MR. HUGH W. CLAYTONOSHKOSH SAVINGS AND TRUST COMPANY, TRUSTEEMATURITIES$10,000 ................. October 1, 19248.000 ............ April 1, 192512.000 .....*.......... October 1, 19258.000 ....................April 1, 192614.000 ................. October 1, 1926$ 8,000 ....................April 1, 192713.000 .....•..... October 1, 19278.00 0....................April 1, 192811,000 ................. October I, 19288.000 ....................April 1, 1929These bonds are the direct obligation of the Barnes Construction Company, Oshkosh. Wisconsin, and are issued under a trust agreement with the Oshkosh Savings and Trust Company, under which they are secured by a deposit of $143,456.00 face value of secured notes of corporations of first class credit, maturing in more than sufficient amounts to liquidate the bonds as they mature.The Barnes Construction Company was organized in 1913‘for the purpose of in«tnUfyg automatic sprinkler systems, the same to be paid for in yearly installments. Mr, W. G. Maxcy is President, and Mr. Hugh W. Clayton Is Secretary of the Company.4This is the seventh series of bonds issued by this Company. The first five series aggregating $410,000, have all been paid at or before maturity, about 15'T having been called for payment.The collateral pledged in payment of the series “G” notes, amounting to $143,456.00, consisting of contracts anti notes given the Barnes Construction Company in payment of work done by them, is secured by a first lien on the sprinkler equipment a nd a lien on the property in which it has been installed, or are endorsed by individuals who are considered responsible. Of the above notes $114,466.00 are secured by a lien on equipment, land and buildings; $29,010 by a lien on equipment and endorsement. In all cases reports on the financial standing of the concerns and the individuals endorsing the «otes have been secured.WE RECOMMEND THESE BONDS AS A CONSERVATIVE INVESTMENTPRICE: PAR AND INTERESTAll legal matters pertaining to this issue have been approved by Mr, John C. Thompson, of Thompson, Gruenewaid Hull, Oshkosh, Wisconsin.Oshkosh Savings and Trust Co.infortiutton it not guaranteed hut Hm bffn obtained from noarres we believe to be accurate and upon which we diaverHIed in purcftaelng the bond*.TtAtinUFPTY WiiJ.sola and Illinois. National officer* If*
Newspaper Details
Oshkosh Daily Northwestern
Oshkosh, Wisconsin, US
Fri, Apr 04, 1924
Page 8
Full Page
Clipped by
Winnefox L.
WI, USA 23 Oct 2020
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