The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1881-06-18
RAILROAD CONSOLIDATION.
The Utah Central, Utah Southern
and Utah Southern Extension
To be Made One Line.

On the return of Hon. John Sharp
from New York, on the trip previous
to the present one, among other in
formation communicated by him to
la HERALD reporter, was that the
probabilities pointed strongly to a
consolidation of the Utah Central,
Utah Southern and Utah Southern
Extension Railroads trunk
lines from Ogden south-into one
company. The matter was laid be-
fore the stockholders in this territory
and the consent of all to the con-
oscillation was obtained. While
Mr.. Sharp was east the present time
the consent of the remaining stock
holders was obtained, and the ne
cesSary arrangements completed.
lon Friday the articles of incorpora-
ton were drafted, and as they are
short and of great public interest,
we give them below. The advan-
tageS of the consolidation are that
the cost of running the railroads
will be materially lessened, the road
will become of great deal more
Importance, and in the event of
pushing the Utah roads to Califor-
MIA, there will be but one continuous
line, which would then make it one
of the most important lines in the
country.
articles Of Association Of the Utah
Central RGiEaOGy Company:
Pursuant to an act of the Legisla-
tive Assembly of the Territory of
Utah, approved February 9th, 1876,
entitled IAN Act to amend an act
providing for the incorporation Of
railroad companies, and manage
ment Of the affairs thereof" ap-
proved February 10, 1869, the Utah
Central Railroad Company, the Utah
Southern Railroad Company and the
Utah Southern Railroad Extension,
three railroad companies formed I'M
der the laws of Utah Territory, have
consolidated their capital stock, prop
erty and franchise, pursuant to GER
tain agreements made and entered
into by the several boards of direc-
tors of said companies; and the I'M
dersigned, in accordance with said
agreement, and the resolution of
said boards of directors, and by and
with the written consent of all the
stockholders in said company, have
adopted, and by these presents do
adopt the following articles of as
ISOLATION:
First-The name Of the corpora
ton shall be the Utah Central Rail
way Company.
Second-ThiS corporation shall
continue in existence for period of
fifty (5O) years, dating from the 1st
day of July, 1881.
Third-The amount of the capital
stock of the company shall be four
million two hundred and twenty
five thousand (S4,225,00O) dollars,
which shall be divided into forty
two thousand two hundred and
fifty (42,25O) shares of one hundred
| ($1OO dollars each.
! Fourth-The number of directors
to manage the affairs of the COM
pany shall be nine. The following
are the names of the directors, who
shall hold their Office until others
are elected as shall be provided by
the laws of the company, viz: Sid
ney Dillon, of New York; John
Sharp, of Salt Lake City; Fred. L.
Ames, of Boston, Mass; Frank G.
Brown, of New York City; S. II. H.
Clark, of Omaha, Neb.; William B.
IDoddridge, Of Evanston, Wyo.; Fer
amorz Little, of Salt Lake City;
VIM. Jennings, Of Salt Lake City;
Jay Gould, of New York City.
Fifth-The termini of the Utah
Central Railway shall be Ogden and
Frisco, in Utah Territory, passing
into and through the following
named counties: Beginning at Og-
den in Weber County, thence into
and through the southern portion Of
said county. thence through Davis,
Salt Lake, Utah, Juab and Willard
Counties, thence into the County of
Beaver to Frisco, all of which are in
the Territory of Utah, and the
length of said railroad is two hun
dred and eighty ESQ miles as
near as may be.
In testimony whereof, we the I'M
|dersigned, presidents of the Utah
Central Railroad Company, the Utah
Southern Railroad Company and the
Utah Southern Railroad Extension,
have hereuntO set our hands and the
seals OF each of said companies have
been hereunto affixed by order of the
respective boards, on this 1st day OF
--, AID. 1881.