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Massachusetts Lighting Companies - 1903  

Massachusetts Lighting Companies - 1903

Product #: newitem206379697

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PRODUCT DESCRIPTION  
Beautifully engraved RARE specimen certificate from the Massachusetts Lighting Companies printed in 1903. This historic document was printed by the John A. Lowell Banknote Company and has an ornate border around it with a vignette of woman holding electric lights. This item is over 107 years old.



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Moodys manual of railroads and corporation securities, Part 2

MASSACHUSETTS LIGHTING COMPANIES

A voluntary association organized Oct 1, 1903, in Mass. Owns and controls the capital stock and securities of the following lighting companies operating in Massachusetts:—

Adams Gas Light Co.

Arlington Gas Light Co.

Aver Electric Light Co.

Clinton Gas Light Co.

Gloucester Gaa Light Co.

Harvard Gas & Electric Co.

Leominster Electric Light & Power Co.

Leominster Gas Light Co.

Lexington Gas Co.

Mllford Electric Light

Tower Co.

Mllford Gas Light Co.

Mill River Electric Light Co.

North Adams Gas Light Co.

Northampton Electric Lighting Co.

Northampton Gas Light Co.

Spencer Gas Co.

Wllllamstown Gas Co.

Worcester County Gas Co.

Also owns the entire capital of the Light, Heat & Power Corporation and the Gas & Electric Improvement Co.

The name Massachusetts Lighting Companies is the designation of the Trustees for the time being under a Declaration of Trust dated Oct 1, 1903. All persons dealing with the Massachusetts Lighting Companies must look "solely to the trust property for the enforcement of any contract with or claim against said Massachusetts Lighting Companies. Trustees, officers or shareholders neither assume, nor shall be held to any personal liability, present or future, under or by reason of any contract, order or obligation entered into in behalf of said Massachusetts Lighting Companies.

The Company, through ownership, does the commercial electric lighting and power business in sixteen cities and towns in Massachusetts, having a population of 128,668, and the gas business in twenty-three cities and towns in Massachusetts, having a population of 215,634.

Share Capital.—Authorized, 80.000 Pfd. shares and 80,000 Common shares; outstanding: 46,169 Common shares and 55,331 Preferred shares. Neither Common nor Pfd shares have a par value. Preferred shares are entitled to cumulative dividends at the rate of $6 per annum and to receive $125 per share and cumulative dividends in case of liquidation before anything is paid to Common shareholders. Transfer Agent: Old Colony Trust Co., Boston, Mass. Registrar: American Trust Co., Boston, Mass.

Dividends at the- rate of $6 per annum on Pfd. shares are paid quarterly, J, A, J & O 15. Dividends of 25 cts per quarter on Common shares were paid until April, 1918; none since.

Funded Debt.—$928,000 T.'< Serial Gold Debenture Bonds; dated Tune 1, 1918; due $116,000 annually on June 1. 1921. to 1928; int. J & D 1, at Old Colony Trust Co., Boston, Trustee. Coupon, $100, $500 and $1,000; principal may be registered. The First National Bank, Boston, Registrar. Original issue, $1,160,000. Bonds maturing on or after four years from date of issue are callable, as a whole or in part, at 103 on any interest date on three months' notice . These bonds were issued to provide funds for the payment of the entire temporary note indebtedness of the Massachusetts Lighting Companies and provide for additional funds to pay for necessary extensions and additions. The indenture under which these bonds arc issued provides that unless the bonds of this issue are equally secured thereby the Massachusetts Lighting Companies will not place any mortgage or other encumbrance upon its property, or any part thereof, or pledge the same, while any of these bonds are outstanding. First publicly offered ($1,160,000) in Sept, 1918, at prices ranging from 96.59 and interest, to 99.82 and interest, yielding from 7.50% to 7.25%, according to maturities. Listed on Boston Stock Exchange. Indenture contains tax free covenant.

$1,000,000 7% Ten-Year Gold Debenture Bonds; dated Oct 1, 1920; due Oct 1. 1930; int. A & O 1. at Old Colony Trust Co., Boston, Mass. Trustee. Coupon, $100, $500 and $1,000; principal may be registered. First National Bank, Boston, Mass., Registering Agent. Authorized issue, $2,000,000. It is provided in the Indenture that unless the bonds of this issue are equally secured thereby, the Massachusetts Lighting Companies will not place any mortgage or other encumbrance upon its property, or any part thereof, or pledge the same, while any of these bonds are outstanding. Subject to call as a whole

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Product #: newitem206379697

Normal Price: $299.95
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(You Save: 17%)

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