The Bozeman weekly chronicle., 1888-04-04
TIE WEST GALLATIN
Ditch Corporation Issues the Following for
Subscribers.

WHEREAS, The Upper West Gallatir
and Bozeman Canal Company, corpora
tion organized and existing under the
laws of Montana Territory, has issued
and has outstanding something over Five
Thousand Dollars in Capital Stock Ger
tificates, and is indebted to divers credi
tors, in the total amount of something
over Ten Thousan Dollars, and
WHEREAS, The holders of said Stock
Certificates and said creditors are respec
lively desirous of surrendering their said
Certificates and evidence of indebtedness
to said corporation upon the terms and
conditions and for the purpose herein.
after set forth, and to have issued to
them respectively Mortgage Bonds and
Stock of said Corporation in lieu Thereof
as hereinafter set forth and
WHEREAS, The said corporation is de.
sirous of realizing in cash and in labor
to bo performed upon, and in materials
to he used in the construction of it's can.
nj, for the purpose Of completing the
same as nearly as possible, the sum OF
s60,00O, or lis equivalent in value oflnbor
and materials and cash, at rs early day
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i''" i"h"hsohE' LII cohs'uerati"h oi
the premises and of the further consid-
erations and mutual covenants and
agreements herein contained it is this
'"...............day of........."..."..."......-.
A ID. 1883, agreed by and between said
corporation and the holders of sal i'd Stock
Certificates who shall subscribe their
"es iiefeto "noer tne designation OF
,rad;,or. H. .I,.,, -. a, ""1 sA'u
h..o.o ,,Io..I,. la. 81. -.
of so;d Cornoro,;o, ~ ..a ~. ..,,,.s1:,o
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and s,oo,, y nr.,.,,,, ~ n,,,a o' '''
F,n,n MI. Al.
Sor;n,;on ,,1 ,,,u,,,a.. =. ~. - ~ ~
o,sh ond 60 La..,.n " - p
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,h.;r NO.. ,.,,o Fl c. ' ~, a'
o.oo honds orS,;,i C.....s.,s. .N ~.
s;n,;u. al. ;.,a,-.Ii, =, p"'''.S
das;ano,;an - ..s,,n.., "nu0i wv 'A,u
onJ stoo,, y a.. as;n ,s,, ' Donuo s,
C.-..c o 'au ''U,ue'' y, o'ocS
5.,,,,, -..,l,. 40 "po"
s.;d ao,.a-s.:a. .t. eei ~ '"e
,;eo,,,. a.I a.,;,' ~ 800 "
s,r oonoo,,o,;o. e"'''
ohooNp' lhat upon the surrender and
cancellation of said Certificates and evid-
ences of Indebtedness the said corpora.
tion shall issue to the respective parties
80 surrendering in amounts respectively
equal to the amounts of certificates or
evidences respectively so surrendered,
new Stock which shall be known as
PAID up Capital Stock and shall he
forever worcestershire,
THIRD. That Immediately after the is
suance of such new Stock to tho said
parties and as last aforesaid, the said
Corporation shall issue to each of the
said Subscribers for Bonds and Stock"
new Stock of the same kind and charac-
ter as last Aforesaid in amounts equal to
the amounts Of their respective subscrip.
tions.
FOURTH. That SO soon as the amount
OF Sixty thousand Dollars as aforesaid
Shall have been expended, used and ap-
Piled by said Corporation in the construc-
ton of its said Canal then Immediately
the said Corporation shall issue to each
and every holder ofsaid new Stock bonds
OF SAID corporation equal in amount to,
the Stock so held, which said bonds shall
be in the denomination of One Humid
red Dollars each, and shall draw interest
at the rate of seven per centum per an
mum from date thereof until paid, pay.
able annually to holder of said
bonds. which said bonds shall |
be payable in ten years after date
thereof with interest rs aforesaid and
which shall be secured by a correspond
ing Mortgage to the amount of Seventy
Five Thousand Dollars for the total prin.
'ipal of said bonds upon all of the real |
and the canal and water right
'r water rights of said corporation.
FIFTH. That the said "Subscr;bors f,-
Bonds and Stock" shall sign this agree.
nent as aforesaid and shall respectively
yet opposite their respective names the
.monnt of their subscription, which in
10 case shall be less than One Hundred |
Dollars nor in fractions of One Hundred |
Dollars, and they respectively agree to |
'ay the amount SO set opposite their re-
pective names to said corporation as |
ollows:
One fourth cash at the time ofsubscrip-
ion, and the other thee-fourths |
n three equal payments at three,