Coos Bay Traction Plans Private Bond Issue Driving Oregon Rail
The Coos Bay Traction Corporation solicits Myrtle Point residents to back a $5,000,000 fifty year 6 percent debenture bond issue for rapid transit from Coos Bay to Roseburg. Outside investors have committed $4,000,000. local stakes total $500,000 with $500,000 remaining to be disposed of. Bond guarantees and payment terms are outlined, with a June 1910 to 1915 redemption schedule and assurance of bonds being backed by banks and company earnings.
MENTIONED IN THIS ARTICLE
Coos Bay Traction Corporation
Coos Bay
Roseburg &8
Myrtle Point
Roseburg
Timie
Agreement to Purchase Coos Bay Traction Debenture Bonds
The investor agrees to buy 100.00 guaranteed debenture gold bonds of 6 percent 50 year issue from Coos Bay Traction Corporation through Bank of Myrtle Point Oregon. Ten percent of the price is paid on acceptance, with additional ten percent due by the first of each month until full payment, then delivery through the bank.
MENTIONED IN THIS ARTICLE
Coos Bay Traction Corporation
Bank of
Myrtle Point
Oregon
Ared Oeeeanes
Coos Bay Traction Bond Details Revealed in San Francisco
The Marine Trust and Savings Bank in San Francisco issues a temporary guaranteed certificate for the Coos Bay Traction Corporation fifty year six per cent gold debenture bonds. The plan covers a $1,000,000 early issue to expedite construction with local subscription from Coos Bay to Roseburg and Grants Pass, Oregon. The bonds run dated August 1, 1910, due August 1, 1960, with redemption optional after 1915 at 105 and interest.
MENTIONED IN THIS ARTICLE
Coos Bay Traction Corporation
Oregon
United States of America
Marine Trust and Savings Bank
San Francisco
State of California
California
Marshfield
Coos Bay Aee Tos Corporation. Y
Coos
Coos Bay
Marine Trust Savings Bank
Tee Edenees
Roseburg
Grants Pass
Cal
Marine Trust and Savings Bank of
Also Mentioned on This Page
Myrtle He Point
Market Street
Campbell
Cool Bay Traction Corporation
Marine Trust and Savings and
Ere Ee Eee Ewe
Pee Eee
Ener
Perbene
Riordan, Secy
Cere Eeees
Marine Trust and Savings Bank, By
Fjordan
Geo. M. Perine
W. P. Evans
Sec
Mgr
Traction
N.B. Campbell
Treas
Bond
Geo. F. Averill
J. H. Somers
V. P
Mgrs
E. L. Robinson
the First Trust
North Bend, Oregon
First National Bank Building
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