Note 379 — Chapter V · THE SOUTHERN
Reading edition
Total cash requirements, as estimated, were:
Floating debt, including equipment notes $12,900,000
New construction and equipment during two years 8,000,000
Expenses of reorganization and contingencies 2,350,000
$23,250,000
To be provided from:
Assessments on Terminal stock $8,750,000
Assessments on East Tennessee stocks 2,700,000
Sale of $33,333,000 new common stock 5,000,000
Sale of $8,000,000 new bonds 6,800,000
$23,250,000