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Made this day
of , in the year of our Lord one thousand
nine hundred and four (A. D. 1904), between The Penn¬
sylvania Railroad Company, party of the first part, and
The Equitable Trust Company op New York, Trustee
in the mortgage hereinafter mentioned, party of the
second part;
Whereas, The Long Island Railroad Company has ex¬
ecuted and delivered to the said The Equitable Trust
Company of New York its mortgage and deed of trust,
dated the first day of September, in the year of our
Lord one thousand nine hundred and three, to secure
an issue of registered and coupon bonds to an amount
in the aggregate not exceeding forty-five million dollars
($45,000,000) at any one time outstanding;
And whereas, Messrs. Kuhn, Loeb & Co., Bankers,
of the City of New York, have, at the request of the
said The Pennsylvania Railroad Company, agreed to
purchase ten million dollars ($10,000,000), face value,
of said bonds, with the understanding and upon the
express condition that the said The Pennsylvania Rail¬
road Company shall guarantee the prompt payment of
the interest and principal thereof, and of such reissues
thereof, made in conformity with the requirements of
Article First of said mortgage, as are hereinafter
specified ;
And whereas, the said The Pennsylvania Railroad
Company is duly authorized to enter into this agreement;
2
Now, therefore, in consideration of the premises and
other good and valuable considerations, the receipt
whereof is hereby acknowledged, the said The Pennsyl¬
vania Railroad Company, party of the first part, as well
for its successors as for itself, has covenanted, promised
and agreed, and by these presents does covenant, promise
and agree, to and with the said The Equitable Trust Com¬
pany of New York, Trustee as aforesaid under said
mortgage, party of the second part, for the benefit of each
and all of the present and future holders of the aforesaid
ten million dollars ($10,000,000) of bonds and the hold¬
ers of all reissues of such thereof as may be surrendered
and cancelled in connection with exchanges or transfers
as contemplated and required by Article First of said
mortgage,
That said The Pennsylvania Railroad Company shall
and will guarantee the payment by The Long Island Rail¬
road Company of both the interest and principal of the
said ten million dollars ($10,000,000) of bonds, according
to their tenor, and such reissues thereof as are herein¬
before mentioned, by causing its covenant of guaranty,
duly executed under its corporate seal by its proper officer
or officers, to be placed on each of said ten million dollars
($10,000,000) of bonds, and such reissues thereof as are
hereinbefore mentioned, in the form following, to wit:
For a valuable consideration, The Pennsylvania Rail¬
road Company does hereby guarantee to the holder of the
within bond the due and punctual payment by The Long
Island Railroad Company of the interest upon said bond,
in gold coin of the United States of America of, or equal
to, the present standard of weight and fineness, as the
same shall from time to time become due, and also the
payment of the principal of the within bond, in like gold
coin, when the same shall be or become due.
In witness whereof The Pennsylvania Railroad Com¬
pany has caused this guarantee to be signed b}' its Presi-
3
dent, or one of its Vice-Presidents, or an Assistant to the
President, and its corporate seal to be hereunto affixed,
duly attested by its Secretary or one of its Assistant Secre¬
taries, this day of , 19 .
The Pennsylvania Railroad Company,
By
President,
Attest:
Secretary,
In witness whereof, the said The Pennsylvania Rail¬
road Company, party of the first part, has caused its cor¬
porate name to be hereunto subscribed by one of its Vice-
Presidents, and its corporate seal to be hereunto affixed,
and duly attested by its Secretary or Assistant Secretary,
the day and year first hereinbefore written.
The Pennsylvania Railroad Company,
By
President.
Attest:
Secretary.
4
State of Pennsylvania, ) ^
City of Philadelphia, )
On this day of , in the year
one thousand nine hundred and four, before me person¬
ally came , to me known,
who being by me duly sworn, did depose and say that he
resided in
that he is the President of The Pennsylvania
Railroad Company, the corporation described in and
which executed the above instrument; that he knew the
seal of said corporation; that the seal ailBxed to said in¬
strument was such corporate seal; that it was so affixed
by order of the board of directors of said corporation, and
that he signed his name thereto by like order.
Notary Public.
Commission expires
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