File:Image from page 17 of "Car trusts" (1915).jpg
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English: Identifier: cartrusts00free
Title: Car trusts Year: 1915 (1910s) Authors: Freeman & Company (New York, N.Y.) Subjects: Equipment trusts (Railroads) Publisher: New York : Freeman Contributing Library: Robarts - University of Toronto Digitizing Sponsor: University of Toronto View Book Page: Book Viewer About This Book: Catalog Entry View All Images: All Images From Book Click here to view book online to see this illustration in context in a browseable online version of this book. Text Appearing Before Image: uip-ment trusts in proper repair. Roads in financialdifficulties, which instead of repairing equipmentpledged under previous trusts make a practice ofbuying new equipment through the sale of addi-tional equipment notes, succeed only in weakeningtheir credit. Various methods are followed by Trust Compa-nies in determining the condition of the rolling stock pledged under a trust of which, they areTrustee. Periodical reports to be received from the RailroadCompanies at definite intervals seems to be thebest way of keeping in touch with the condition ofthe rolling stock, and it is also helpful in findingout whether or not the Railroad Companies areliving up to the various conditions set forth in theindenture. The proper and legal vesting of the title to theequipment in the Trustee or third party is mostimportant. It is also necessary to insure againstthe title to the equipment passing to the Rail-road Company, in order to obviate any legal dini-cultv should foreclosure be found advisable. Text Appearing After Image: PACIFIC TYPE LOCOMOTIVEcartrusts00free Note About Images Please note that these images are extracted from scanned page images that may have been digitally enhanced for readability - coloration and appearance of these illustrations may not perfectly resemble the original work. |
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| Author | Internet Archive Book Images |
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