Interborough Finance: Present and Future

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Van Emburgh & Atterbury, 1917 - 69 pages
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Page 59 - or the existing equipment is retired or withdrawn from service, an amount equal to its cost shall be withdrawn from the appropriate fund and expended on new construction or new equipment. "Any new equipment thus acquired to replace any part of the existing equipment shall be deemed to have been acquired and supplied by the Lessee
Page 41 - Interest, Rent, Taxes, etc. Accrued 1,223,800.26 Amounts Collected in Advance 11,511.70 2,284,441.61 CONTINGENT LIABILITIES: Interest and Rentals—Uncalled for (Deposited by Prior Interests) accrued and payable prior to January 1, 1912 (See Contra) 7,707.25 RESERVES: Injury and
Page 1 - Interborough Finance Present and Future With especial reference to conditions when the New Lines shall have been completed INCLUDING Synopsis of the Financial Structure of Interborough Consolidated Corporation
Page 41 - made by the Joint Committee 650,000.00 1,252,453.80 ACCOUNTS AWAITING DISTRIBUTION: Pending Adjustment and Final Determination of Cost of Property (See Note) 7,882,012.78 CURRENT ITEMS: Accounts Payable $415,715.20 Interest, Rent, etc., Due and Unpaid—(See Contra)
Page 39 - NET INCOME: Before deducting Interest on Adjustment Mortgage Income Bonds $1,439,706.61 Surplus Balance at June 30, 1915 $64.16 Additions during the year—(net) 145,445.78 145,509.94 *NET INCOME—SURPLUS, Available for Interest on Adjustment Mortgage Bonds $1,585,216.55 Interest on Adjustment Mortgage Income Bonds for the year ended June 30, 1916 1,584,946.08
Page 59 - under the provisions of Contract No. 1 or Contract No. 2; and nothing in this Article or elsewhere in this contract contained shall be construed as a waiver or modification of the City's obligation thereunder to buy, at the expiration of the modified terms thereof, the existing equipment in accordance with the provisions of Contracts Nos. 1 and 2.
Page 40 - 30, 1916 Assets ACCOUNTS AWAITING DISTRIBUTION: Pending Adjustment and Final Determination of Cost of Property (See Note) . $83,690,432.56 ADDITIONS AND BETTERMENTS TO PROPERTIES OWNED OR LEASED 2,126,266.90 INVESTMENTS.
Page 41 - OTHER MORTGAGE INDEBTEDNESS: Real Estate Mortgage 950,000.00 BILLS PAYABLE: Issued to Purchase 1st Mortgage 5% Bonds—Metropolitan Crosstown Railway Company $602,453.80 Issued in Renewal of Note (Due October
Page 59 - of the railroad and equipment and of the existing railroads and existing equipment due either to wear and tear or to obsolescence, inadequacy or age and also any excess in the cost of maintenance
Page 40 - for, Accrued and Payable Prior to January 1, 1912 (See Contra) 7,707.25 DEFERRED CHARGES: Unamortized Debt Discount and Expense 380,959.99 TOTAL $92,070,259.37

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