The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-09-27
The San Joaquin Railway
VIII Make 1t
3Y ASKING FOR SUPPORT.
Five Trustees Are Elected to
Begin the Work.
THEIR CERTIFICATE ADOPTED.
Important Action Taken by the Traf-
fic Association in Promotion of
the Competing Road.

An important session of the Traffic Asso-
citation executive Committee was held yes
terday at the associations Offices on Pine
street, and as result of two hours DELHI
Grafton the San Joaquin Valley Railroad
Company was authorized TO receive sub
scripuons OF its capital stock.
Isaac Upham, T. W. Van Sicklen. B. F.
Durham, Thomas Magee and Alvinza
Hayward were elected trustees of the pro-
posed railroad company. which was then
styled officially the San francisco, Stock
ton aud San Joaquin Railroad Company.
legal document, known as the trus-
tees certificate, was presented by Traffic
Manager Leeds, and after being discussed
in detail, was adopted. Copies are to be
distributed among agents, who shall can
vass the public spirited and wealthy men
of this city and other places III California.
with a view to obtaining their signatures
for stock in the enterprise. No time will
be lost in getting ready for receiving these
subscriptions, so in a few days the test
will be applied to merchants, millonaires
and to people who have enough enterprise
to invest their money in the San Joaquin
road.
1t is proposed to incorporate with a capt.
tai stock of $4,000. 600. divided into shares
of the par value of 500. Tor the..purpOse of
constructing continuous competing line OF
railroad from this city to Bakersfield.
The trustees are pledged to maintain
and operate the railroad as a competing
Inc strictly, and shall never have the
power TO sell out to competitors.
No call for money snail be made until
S350,0OO is subscribed, after which sub
scrptiOns stall be payable il installmentS
of six months, or more.
The trustees certificate, which will be
read with interest by merchants and all
persons interested in the welfare of Cali
fornia, is here given in FULL
This agreement, made and entered Into.
day of. a. d. 1894. by and between
the parties whose names are hereunto sub
scribed, witnesseth that,
WHEREAS 1t Is the purpose OF the under
signed TO construct a continuous line OF rail-
road TO extend eastwar0ly from the city and
county of San Francisco or some convenient
point on the bay of San Francisco. State of
California, by way Of Stockton and Fresno by
d convenient and practicable route hereafter To
be determined upon, TO some point In Kern
County and whereas. IL is proposed and in
tended for that purpose to organize under the
laws of the State of California cornOratfon to
be called San Francisco, Stockton I'D San
Joaquin Railroad Company, 80 a capital
stock OF six million $4,000, 600, collars divided
into 10000 shares of the par value OF one hun
dred (Sl00) dollars each. for the purpose OF
constructing such railroad. so as 10 insure for
the public benefit the existence and opera.
ton of a continuous competing line of
railroad from the city and county OF
San Francisco through the San Joaquin Val
ley TO such point in the county of Kern; and
whereas, the parties hereto, as business men,
as shippers and consumers Of freight. and as
individuals, as citizens of the State OF Califor-
MIA, and as property-holders. will be directly
and indirectly, jointly and severaly benefited
by the construction of said railroad. and by
the maintenance and operation OF the same as
continuous and competing line Of railroad;
and whereas, it is necessary aud desirable in
order 10 insure that the said railroad shall af ter
its construction be maintained and operated as
competing line of railroad, and that the man.
agement and control thereof shall not by any
chance fall into the hands OF or be oDtainable
by any competitor, that the power to vote the
subscribed and issued stock Of said railroad
should be vested IN trustees pledged to main
tain aud operate the said railroad strictly as
competing line.
Now, therefore, this agreement witnesseth:
mat for the purpose of aiding, promoting and
forwarding the constructing Of said line of rail-
hoe competing line and for and in consideration
OF The premises, and for the sum of one dollar by
each OF the undersigned 10 the other In hand
paid, the receipt whereof is hereby by each
acknowledged, the undersigned parties hereto
do hereby mutually covenant and agree, and
bind themselves each unto the other and each
10 and with the said proposed corporation, San
francisco, Stockton and San Joaquin Railroad
Company, as follows TO wit:
Each of the undersigned hereby subscribes
the sum set opposite his name TO the capital
stock CT the said proposed corporation, San
francisco, Stockton and San Joaquin Railroad
Company. The subscriptions of the under
signed and each of them are made, however,
upon the express condition precedent that
unless within ninety DAYS from and after the
date hereof there shall be subscribed to the
capital stock OF the said San Francisco, Stock
ton and San Joaquin Railroad Company sums
OF money agesegating in all the amount of
three hundred and fifty thousand $3.50. OO0)
dollars. the subscriptions of the undersigned
and each OF them shall be null and void; pro-
yided, however, that The executive committee
OF the Traffic Association of California shall
have The power, by vote duly passed aud re-
corded in their minutes, TO extend the time
within which said amount may be subscribed.
but such extension shall not exceed six months
and If the said sum of three hundred aud fifty
N"NN'SpbN
within Dinety days or within the time so ex-
tended. then these subscriptions shall be in full
force and effect
II.
The Undersigned hereby further agree that
said proposed corporation may, for the purpose
OF convenience, be organic by other persons
man the undersigned, or any of them. or by any
number less than ali Of lhem and that the
articles of incorporation of said railroad CON-
pany need NOT set forth, in the list OF subscrib-
ers 10 It's capital stock, ali or any particular
one OF Inc names OF, or the amounts subscribed
Dy, The undersigned, and this covenant shall be
deemed 10 have been made expressly for the
oeneDt OF SAID proposed corporation and shall
be l:TeVocable; ana the subscriptions of the
undersigned shall be valid and binding upon
The Undersigned, and the subscriber shall be
liable thereon TO tile said proposed corporation,
San FRANCISCO, Stockton aud san JOAQUIN Rail-
road Company, whether the amount subscribed
by The undersigned and by whom subscribed be
set forth by the articles OF incorporation OF said
proposed corporation or not
Each of the parties hereto further covenants
and agrees 10 and with the others and with