The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1892-01-03
NATURAL GAS.
It is Discussed in an Earnest
Meeting.
Articles Of Agreement Agreed On and Work
to be Pushed-A Strong Directory
An Irrigation Company.

fifteen subscribers to the stock of the Citi-
zens' Natural Gas company, as we'll as of
all who felt disposed to attend, was held
last night at the federal court room. About
three hundred were present, and while the
enthusiasm was not prominent feature of
the evening, great deal of earnest work
was done and the interest manifested was
of that character which told the story Of
how much Salt Lake has at stake in this
new venture.
JUDGE JOHN t. LYNCH,
the chairman of the large committee pre-
sided, and after the minutes of the meeting
held at the Knutsford had been read and
approved, the secretary reported that the
papers so far returned showed a total sub
scription OF 5,235 shares.
C. o. wHITTEMoRE,
as chairman of the special committee on
incorporation, submitted an outline Of the
articles proposed, which was read.
On motion of T. A. Wickersham the
meeting then resolved itself into a commit
tee of the whole with w. H Cassidy in the
chair, to consider the articles by sections.
After protracteu session and some ami
mated debate, the committee arose and
AOPOA eSo DoSh w GuO uCCIluR
THE ARTICLES AS AGREED UPON,
which were in substance as followsi
The company is to be known as the
'Citizens Natural Gas company"
The objects for which it is to be incor-
porated are the boring, drilling and ex-
ploring for natural gas and oil and the
utilizing of the same.
The term of years for the existence OF
the company is fixed at fifty.
The principal place of business is to be
located at Salt Lake city and branch Office;
may be established elsewhere as the bust
ness demands, but the operations of the
company are to be confined to the countie:
of Tooele, Salt Lake and Davis.
The amount of the capital stock and TIT
numOer of shares into which the same is Il
be divided was left to the board of direc
tors for determination.
! No stakeholder can be eligible to the of
fees of president, vice-presidenta and treas
urer unless he shall own at least ten share
! of stock
The stock is to be non assessable, and tn
| private property of the holders is not to b
subject to the debts of the corporation
The officers shall hold their respectiv
positions for the term of ore year, or IN
til their successors are elected and quail
fed, unless removed for cause.
no CJCCblOuS SudII Uo uSlu duuudllN "
the second Wednesday in January, and
majority of the stock shall be represen re-
to constitute legal meeting for the trans
action of business
THE BOARD OF DIRECTORS.
for the first year shall consist of r. Mack
intosh, president; Spencer Clawson, vic
president; M H. Walker, treasurer, an
j. w. Ricketts,, Fred. Trimmer, A. Dir
IrTriT E-Or aic
and Fred. Auerbach, who were authorize
TO select a secretary. aud in cas- g of tn
refusal of any of their number to act O
such board, they were empowered to fl
the vacancy.
The directors are also authorized to adoL
all neces sary bylaws and rules for th
government of the corporation.
The stock not subscribed for is to be hel
in the treasury for working capital, sui
ject to the control of the directors.
On motion Mr.. G. o. Whittemore we
employed to draft the articles in accorC
ance with the above plan and to attend I
the necessary steps for Incorporating th
company.
NOTES.
The best of order prevailed and Judg
Lynch conducted the meeting according I
Gushing.
The dollars of the rich and the dimes {
the poor had an equal chance to prospet
for gas.
Wantland was emphatically for tt
} scheme and blew off at pressure of a
pounds TO the inch.
Ricketts, was accredited with good su
scripton work during the week.
} Cassidy held the gavel over the commi
: tee of the whole. He resem bles Gar Rec
in avordupois.
| Senior, of the west side, was in favor
large capitalization. He believed the su
iect admitted of comb nation of hums
and mundane gas, and would the better il
press outsiders. A guage WAS put on tn
by leaving it to the directors.
Nothing but the kindest expressions we
made about the American company and d.
credit was given them for their efforts
pioneering the gas cause.
Let no iealousies arise which may dell
the prosecution of the good work.
The first well to blow will deserve Il
medal.
Work now-then gas-then blow.