Viewing page 31 of 84

$27,829,500
NEW YORK WORLD'S FAIR 1939 INCORPORATED
Four Percent Debentures
Due January 1, 1941
Interest payable January 1 and July 1 in New York City
Authorized:  $30,000,000

__________

Fully registered Debentures in Denominations of $100, $500, $1,000 and $10,000

Redeemable, at the option of the Fair Corporation and on thirty days' notice, as a whole at par and accrued interest, or in part pro rata.

Trustee:  MANUFACTURERS TRUST COMPANY

Authenticating Agent:  THE MARINE MIDLAND TRUST COMPANY OF NEW YORK 

__________


The Indenture under which the Debentures are issued provides that the Fair Corporation shall pay to the Trustee daily, forty per cent of the gate receipts received by the Fair Corporation on and after April 30, 1939.  The Trustee shall deposit the first $100,000 so received with the 
Comptroller of the City of New York to take the place of $100,000 principal amount of the Four Per Cent Debentures which shall theretofore have been deposited by the Fair Corporation with the Comptroller as a guarantee of the proper performance by the Fair Corporation of its obligations under the lease of the Fair site from the City of New York.  The remainder shall be held in trust by the Trustee for the owners of the Four Per Cent Debentures in accordance with the terms of the Indenture.  The Fair Corporation at its option may require the Trustee to apply trust funds to the partial pro rata redemption of the Debentures prior to maturity.  With the written consent of a majority in principal amount of the Debentures at any one time outstanding (not including for any purpose any Debentures owned by the Fair Corporation or held by the Comptroller of the City of New York as security under the aforementioned lease of the Fair site) the provisions of all the Debentures or the Indenture may be changed, eliminated, modified, or amended from time to time in any respect whatsoever.

This issue has not been registered under the Federal Securities Act of 1933, as amended, since in the opinion of counsel for the Fair Corporation the Four Per Cent Debentures are exempt from such registration within the provisions of Section 3 (a) (4) of said Act.  Legal matters are subject to the approval of Messrs. Lord, Day & Lord, counsel for the Fair Corporation.  A legal opinion with respect to the proposed Four Per Cent Debentures has been give by Messrs. Davis, Polk, Wardwell, Gardiner & Reed, and copies thereof may be obtained from the Fair Corporation upon request.

PRICE....PAR AND ACCRUED INTEREST

Debentures will be sold through a subscription agreement providing for payment either (a) as a whole on or before Jan. 1, 1937, or (b) in partial amounts as follows: ten per cent on or before Jan. 1, 1937; twenty per cent on May 1, 1937; twenty per cent October 1, 1937; twenty per cent April 1, 1938; twenty per cent July 1, 1938 and ten per cent October 1, 1938.

NO COMMISSIONS WILL BE PAID TO DEALERS OR SALESMEN IN CONNECTION WITH THE SALE OF THIS ISSUE

NEW YORK WORLD'S FAIR 1939 Incorporated
Empire State Building, New York City
November 23, 1936.

Transcription Notes:
Text describing Debentures is written in two columns, justified.

Please note that the language and terminology used in this collection reflects the context and culture of the time of its creation, and may include culturally sensitive information. As an historical document, its contents may be at odds with contemporary views and terminology. The information within this collection does not reflect the views of the Smithsonian Institution, but is available in its original form to facilitate research. For questions or comments regarding sensitive content, access, and use related to this collection, please contact transcribe@si.edu.