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| | Central Michigan Area Railroads |
 | | Bonds of The Michigan Central Railroad Company issued for $1,500,000 secured by a mortgage on the property of the Joliet and Northern Indiana Railroad Company (under which mortgage the issue of bonds of The Michigan Central Railroad Company to an amount not exceeding $3,000,000 is authorized), have been substituted for such funded debt. |
 | | Bonds of The Michigan Central Railroad Company issued for $1,500.000 secured by a mortgage on the property of The Grand River Valley Railroad Company (under which mortgage the issue of Michigan Central bonds to an amount not exceeding $4,500,000 is authorized), have been substituted for such funded debt. |
 | | Leased to The Michigan Central Railroad Company April 1, 1902, for a term of twenty-five years from January 1, 1903, at a rental of $12,000 per annum for five years from January 1, 1903, and $15,000 per year for twenty years thereafter; all taxes and assessments, and $150 per annum for organization expenses. |
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