The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-04-06

the other subscribers hereto, and with said cor
poration, and with the said trustees, and said
trustees do hereby covenant, each one for him
self and not for the other, with each and all OF
the subscribers, and to and with said corpora
ton, that all the shares of stock to which SUBJ
scribers are entitled may be issued to-. as
trustees, and that the said trustees, their sur
vivor or survivors shall, for the time herein
after provided, have the exclusive rights and
powers OF ownership of said stock, except with
relation to dividends as hereinafter provided,
and the power herein conferred upon the said
trustees by the respective parties hereto is and
shall be irreyocable for the term of said trust
as hereinafter provided, and the SAID power is
and shall be deemed to be coupled with an in
terest.in the stock of the respective parties
hereto so held in trust, which interest the said
trustees shall hold tor the benefit of all the
other parties hereto, but said subscribers, each
one for himself, hereby covenants TO and with
all Of the other parties hereto that he will pay
all calls and assessments upon the stock for
which he, or his assigns, holds any beneficiary
interest, and that he remains liable as the
equitable owner for all debts or other liability
against such stock.
And it is further understood and agreed that
the said trustees shall cause to be issued to the
several subscribers hereto trustees certificates,
which shall set forth the number of shares of
stock in the said corporation, the San Francisco
and San Joaquin Valley Railroad Company,
held in trust for each of the undersigned re-
spectively by the said trustees, which said GER
tificates shall be in the words and figures fol-
lowing:
THE SAN FRANCISCO AND SAN JOAQUIN
VALLEY RAILWAY COMPANY.
STOCK TRUST CERTIFICATE.
No.. -. Shares.
This certificate is issued by the undersigned
as trustees under the provisions OF an agree
ment bearing date the 9Th day of April 1895.
made and entered into by and between the
undersigned and other stockholders of the San
Francisco and San Joaquin Valley Railway
Company, a corporation existing under and by
virtue of the laws of the State of California,
and this certificate entities ....... or as
signs upon the surrender thereof according
to the terms of said agreement, to receive from
the undersigned, their successor or successors
in this trust, in the manner provided in said
agreement, and not otherwise certificate for
shares OF the capltai stock Of said railway
corporation and in the meanwhile or
assigns. is entitled to receive on demand from
the undersigned, or their successor or success
ors as trustees, and not otherwise, an amount
equal to the dividends paid to said trustees
upon a corresponding number of shares of
stock of said railway corporation.
The holder of this certificate has no rights as
a stock holder of said railway corporation. and
the acceptance of this certificate shall bind
each successive holder to all the terms and
provisions OF said agreement in the same man.
ner as if such holder was a party thereto or
had duly executed an agreement to abide
thereby.
The interest represented hereby is trans
ferrable, either in whole or in fractional parts
corresponding to q given number of shares OF
stock, only upon the books kept by said trus-
tees for that purpose, by the holder hereof in
person or by attorney, upon surrender hereof,
but no transfer shall be valid unless made upon
the condition that the transferee accepts the
same subject to the terms of said agreement
and assents thereto, which he shall be deemed
to have done by receiving said trustees GER
tifcate.
San Francisco, California, 49,, 1895.
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