After January 1, 1914, the results that accrued from the operation of the property and the amount of interest that was paid on the funded debt of the Peoria and Eastern and the Big Four as if the property of the Peoria and Eastern and the 137 miles of road were leased to the Big Four.
32.
Staffers will point to an internal J . P . Morgan Chase memo written by George Serice, a Houston-based vice president, who noted : " Enron loves these deals as they are able to hide funded debt from their equity analysts because they " at the very least " book it as deferred rev or bury it in their trading liabilities ."
33.
The Chicago, Burlington & Quincy Railway Company, hereinafter referred to as the lessee, was incorporated in Iowa on October 17, 1901, and took a 99-year lease, effective October 1, 1901, on the railway property of the Burlington at an annual rental, based on interest on funded debt, sinking-fund charges, taxes, and dividends at the rate of 7 per cent per annum on the capital stock.
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