Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-06-08
AN ICE COMBINE.
Consolidated Ice Company Just
Formed at Gardiner.
Composed Of Some of the Largest
DeaIersin the Country.
Has Capital Of $4,000, 600 Common
Stock, S6.5OO,oo

Gardiner, June 7.-(SpcciaD. of
the largest corporations ever formed in
the State was organized in this city,
Thursday evening. and incorporated I'M
der the laws. of Maine. An unusually
large number Of leading towboat and ice
men were noticed about the Evans in the
early evening, but suddenly and very
quietly withdrew, and there appearance
here remained mystery, until this morn
ing.
Tho name Of the new corporation is the
Consolidated Ice Company. The capital
stock Is filed at SO, 900 900; common
stock, So, $780, 900; preferred stock, SO, 800,
900. The amount of capital stock paid in
is $1,000
Its objects are to carry on the business
and license others to carry on the business
OF manufacturing, cutting gathering, stor-
ing, buying, selling, dealing in and trans
porting all kinds of ice; to engage In the
business Of the carriage of passengers or
merchandise or both upon the high seas,
or from port to port or ports in this State
to a foreign or domestic port and to engage
in the general manufacturing business.
The corporation Is authorized to hold
property, rights and franchises of other
corporations created for purposes similar
to any of the purposes herein named.
The corporation is authorized to hold per-
sonal property and real estate, including
stocks and bonds and debentures of other
corporations organized or created for pur-
poses similar to. auxiliary to or helpful in
connection with the prosecution of the pur
poses or any of them herein contained; to
issue bonds secured by deed OF trust, by
mortgage or by any other form OF convey
ance, to such an amount and payable In
such manner and upon such terms as the
stockholders may vote, but no bonds OF
the corporation shall be issued except up
on the affirmative vote of two-thirds of
the issued capital stock. Capital stock
of two kinds will be issued, preferred and
common, each share to have equal voting
power.
The holders of the preferred stock shall
be entitled to receive yearly dividends OF
all net profits of the corporation each year.
up to and not exceeding per cent. per
annum upon all outstanding preferred
stock, before any dividend shall be paid on
the common stock, and the dividend on
the preferred stock shall be cumulative
but it shall not participate in any addi-
tional profits.
All money determined applicable and
declared as dividends in excess of such
amount as may be payable upon the pre-
felred stock, together with such further
amount as may be set aside for the pay
ment of preferred stock dividends, shall be
declared payable and be paid on the COM
mon stock.
In case of dissolution Of the corporation,
the holders of the preferred stock shall be
entitled to receive cash to the amount OF
the preferred stock at par, before any pay
mcnt be made upon the common stock,
but shall not thereafter participate in any
of the property of the corporation.
Following are the officers: President,
VIM. Il. Beaver; treasurer, N. II. Camp
bell; directors, VIM. Il. Beaver, N. Fl.
Campbell, George II. Clark, A. 9.
Sprague, Charles A. Blair, Henry Shep-
herd. Richard G. Gackenback, Chas. +
Hewitt, O. S. Sherburne, Frank Dingiey
and Morrill, McKenney.
The owners of the shares paid In are
VIM. T. Beaver of New York, N. Fl.
Campbell of Brooklyn, N. Y. H. II. Mer-
rlil, Lcmuel Shanaglc Eleazer W. Clark,
Chas. b Mitchell, Albion X. Leighton,
Henry II. Davis, Clarence A. Hight, Port
land, Me-, Geo H. Clark, A. c. Sprague,
Horny Shepherd, Chas. A. Blair K. C.
Gackenback, Frank Dipgley of Bath. Ed
ward X. Millikon, Cumberland, Chas +.
Hewitt, 0. S. Sherburno, Morrill, Mckcn-
ney Richmond.