FUNDED DEBT. MORTGAGE BONDS, MISCELLANEOUS OBLIGATIONS, AND INCOME BONDS. Mpls. & Pac. R'y Co. 1st Jan. 1 Jan. 1 mortgage bonds.. ....... 1886 1936 $ 4,290,000 00 $ 4,290,000 00 $ 4,290,000 00 $ 3,646.500 00 4 Jan. and July $ 171,600 00 $ 66,965 00 Total bonded debt... M., St. P., & S. S. M. R'y Co, income certificates. $21,000,000 00 $21,000,000 00 $20,215,000 00 $ 15,454,749 09 799,000 00 $ 753,205 00 May 7 July 1 1890 1900 781,000 00 771,000 00 771,000 00 674,625 00 Grand total 799,000 00 $ 753,205 00 $ 21,781,000 00 $ 21,771,000 00 $20,986,000 00 $ 16,129,374 09 EXPLANATORY REMARKS. The income certificates were issued in exchange for 15 per cent. of outstanding bonds, surrendered by holders. The certificates draw 7 per cent. interest, provided the road earns it after earning its fixed charges. The obligation is represented by 120 notes of $1,122.46 each, payable to the Railway Equipment company, at the office of Post, Martin & Co., New York, one each. First one paid January 15, 1888. The obligation is represented by each, including $3,766.67 principle and accrued interest, payable semi-annually. The first one due December 20, 1890. FOR MILEAGE OPERATED BY ROAD MAKING THIS REPORT (TRACKAGE RIGHTS EXCLUDED) THE OPERATIONS OF WHICH ARE INCLUDED IN THE INCOME ACCOUNT. Minneapolis, St. Paul & Sault Ste. Marie railway, St. Paul branch, St. Croix Falls branch. Capital stock. Funded debt. Current liabilities.. Total ........ $ 21,000,000 00 21,111,218 56 1,005,029 07 $ 43,116,247 63 Amount per mile of road Miles Amount.. 788.33 54,693 14 |