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Synopsis
This book presents a plan for the reorganization of The Denver and Rio Grande Railroad Company. In 1922, the railroad company defaulted on its bonds and was facing foreclosure and sale of its properties. The plan proposed by the Western Pacific Railroad Corporation, the holding company that owned the stock of The Denver and Rio Grande Railroad Company, aimed to reduce the company's bonded debt and fixed charges, provide for the rehabilitation of the railroad's property, and furnish working capital. The plan called for the creation of a new company, The Denver and Rio Grande Western Railroad Company, which would acquire the properties of the existing company and issue new securities. The plan also provided for the purchase by the Western Pacific Railroad Corporation of coupons on the defaulted bonds and for the payment of expenses and disbursements incurred by the committee representing bondholders. The reorganization plan was approved by 80% of the bondholders and became effective. The plan successfully reduced the railroad company's bonded debt and fixed charges, provided for the rehabilitation of the railroad's property, and provided working capital. The reorganization plan helped to stabilize the railroad company's finances and operations and enabled it to continue to provide essential transportation services.
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Plan of Reorganization of the Denver and Rio Grande Railroad Company
Print on DemandSeller: Forgotten Books, London, United Kingdom
Seller rating 5 out of 5 stars
Paperback. Condition: New. Print on Demand. This book presents a plan for the reorganization of The Denver and Rio Grande Railroad Company. In 1922, the railroad company defaulted on its bonds and was facing foreclosure and sale of its properties. The plan proposed by the Western Pacific Railroad Corporation, the holding company that owned the stock of The Denver and Rio Grande Railroad Company, aimed to reduce the company's bonded debt and fixed charges, provide for the rehabilitation of the railroad's property, and furnish working capital. The plan called for the creation of a new company, The Denver and Rio Grande Western Railroad Company, which would acquire the properties of the existing company and issue new securities. The plan also provided for the purchase by the Western Pacific Railroad Corporation of coupons on the defaulted bonds and for the payment of expenses and disbursements incurred by the committee representing bondholders. The reorganization plan was approved by 80% of the bondholders and became effective. The plan successfully reduced the railroad company's bonded debt and fixed charges, provided for the rehabilitation of the railroad's property, and provided working capital. The reorganization plan helped to stabilize the railroad company's finances and operations and enabled it to continue to provide essential transportation services. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781333334055_0
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Plan of Reorganization of the Denver and Rio Grande Railroad Company Dated, January 27, 1922 Classic Reprint
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781333334055
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Plan of Reorganization of the Denver and Rio Grande Railroad Company Dated, January 27, 1922 Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
Seller rating 5 out of 5 stars
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781333334055
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