-2- 



The amount of the mortgage will "be closed at 

 $1,500,000 and the principal sum will he due in thirty years 

 from date. 



The interest on the bonds will he 5$ per annum and 

 there will be an annual sinking fund payment of $15,000 to he 

 applied in retirement of the "bonds and the bonds will he call- 

 able in whole or in part for the sinking fund at 110 and in- 

 terest. Principal and interest payable in gold. 



The preferred stock above referred to which is to be 

 delivered in exchange for present Q,uincy Market Real Estate 

 Trust shares will comprise a portion of a total duly authorized 

 and valid issue of preferred stock of the Quincy Market Cold 

 Storage & Warehouse Co. limited in amount to $1,500,000 of which 

 the present issue shall not exceed $1,000,000. The remainder 

 of said issue being reserved by the Company for future issue for 

 purpose of acquisition of additional property by the Company. 



The Preferred stock will he preferred in liquidation 

 up to par and preferred as to income up to 6$ per annum and 

 the dividends will he cumulative. 



The preferred stock will have no voting power unless 

 the Company shall be in default of payment of two semi-annual 

 preferred dividends in which event the preferred stock shall 

 have sole voting power until all arrears of dividends have been 

 made up. 



The preferred stock will be callable as a whole at 

 115 and no mortgage other than the foregoing described mortgage 

 "bond issue or other prior lien may be placed ahead of the pre- 

 ferred stock, nor shall the authorized amount of the issue he 

 increased except with consent of 70$ in amount of the preferred 

 stock then outstanding. 



