(Page 11.) ↑ PROPERTY OPERATED. Name of all Coal, Bridge, Canal, or Other Properties, the Earnings and Expenses of Which Affect the General Balance Sheet-Pages 49 and 51. EXPLANATORY REMARKS. 5 April Oct. 1. 1.8310, 792.18 $310, 792.18 $304,750.00 262,500.00 472,500.00 $310,792.18 $304,750.00 262,500.00 472,500.00 $573, 292.18 $777,250.00 + See paragraph 1 on opposite page, as to first mortgage bonds. See page 56, as to income certificates. The authorized issue of this company's 5 per cent first mortgage bonds isFirst-For the purpose of paying off and retiring $2,500,000 outstanding 6 per cent first mortgage bonds, and also for the improvement and further equipfacilities......... ment of its railroad from Duluth to Tower, and also for the purchase, construction and improvement of ore and merchandise docks and terminal Second-An additional amount per mile for every mile of single track extensions and branches thereafter acquired or constructed, per mile.. Third-An additional amount for every mile for additional equipment, not exceeding cost. ..... $3,500,000.00 Fourth-An additional amount for every mile of double main track.. 25,000.00 7,000.00 12,000.00 (Page 19.) RECAPITULATION. A. For Mileage Owned by Road Making this Report. B. For Mileage Operated by Road Making this Report (Trackage Rights Excluded), the Operations of which are Included in the Income Account- Page 31. (Page 29.) COST OF ROAD, EQUIPMENT, AND PERMANENT IMPROVEMENTS. Total cost construction, equipment, etc.-State of Minnesota. $268.89 $117, 247.78 25,064.37 $117, 516.67 25,064.37 $679.87 145.00 104,210.96 2,488, 484.14 2,592,695.10 14,999.68 3,455.54 156, 654.35 66,390.03 723, 201.01 160, 109.89 789,591.04 926.29 4,568.07 6,097.04 133, 822.81 139,919.85 809.49 2, 109.75 175, 926.68 61,784.03 3, 459, 964.39 79, 518.47 $10, 167, 839.31 640.85 1,607.89 6, 551.19 2,815.33 20,017.17 460.04 $58.824.64 |