The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-09-23


'er such mailing shall be deemed 20 have
aSssntec 70 such change or modification.
90 any party hereto Directing within
= ei -, thirty days may withdraw his bonds
- ssalfn upon first paying his pro rata
date i4'~ - ~ 10 sI-h
The committee SHAH have power To t.ke
itiate new ones. ard % take any action
sh behatf OF the deDasffine subscribers
ashrsto IN pursuance Of the intent hereof
nile1 they might take az indfvid--zIs or
a. BODY, and 90 make IN the premises
81 sucn arrangements on their behalf as
70 ne committee shall seem advisable.
Siso the committee Is expressly author
lZed 70 purchase the property on fore
siosnre or other sale on behalf % the
oonaholders asserting hereto. the amount
% tne bid 70 be IN the discretion Of the
Also: The committee is 10 construe the
pIoVlslons OF this Man Of reorganization.
ana their construction OF the provisions
hereof shall be final and they are author
Izea 70 sunny any defects IN said plan
necessary In their judgment 70 carry IL
OUT effectively: And the enumeration Of
soecifc powers shall NOT limit or restrict
tne general powers looking to the fore
closure; reorza nization. caring for and
protecting or the prooertfes in question.
conferred and intended TO be conferred by
this Instrument
member ~ the committee shall have
the power. with the consent OF the other
members. to name in writing proxy 70
act Tor him In case OF his absence but
s.cn proxy must not then be a member
OF me committee. and the proxy when 50
named snail have all the powers az his
prlre1pal while he so continues 10 act.
Inc committee shall keep record OF it's
Proeeeoing and also an accurate account
OF al It's receints and expenditures, and
SnaH no allowed and paid rea sonable COM
pensaiion for its services hereunder as
Weil as q II travelling and other expenses Of
performing its duties hereunder and the
members OF said committee shall not be
personally liable I'm any case for the acts
or each other. nor for their own acts ex-
cent IN case OF willfui. intentional NAL
IeaSafce or gross negligence. nor shall
theyabe personally liable for the acts OF
their agents or employees when selected
with reasonable care. They shall have
power TO I'll vacancies in their number.
and 70 act through sgents and 10 dele
gate authority as we'll as discretion 20
such agents
The accounts If said committee. incIud-
ing the amount OF their remuneration.
shall be fled with the board OF directors
OF the reoreanized company within three
months after the reorganization. and said
acconnts when audited ami approved by
the board % directors Of the reorganized
COMPANY. shall he final and conclusive
unon all parties concerned.
Sixth. For deposit with the trustee stock
Should he assigned In blank. Assignments
or all demands other than stock and bonds
r1usf be in substantially the following
form. viz.
For value received. the undersigned
hereby assigns. sets over and transfers TO
the Illinois Trust and Savings Park If
Chicago Illinois. as trustee under the
nlan and agreement of REORGANIZATION Of
Seattle Electric Railway AID Power Com
panv and Seattle Consolidated Street
Railway Company. dated August J. 1Ss5.
and for the purposes Of said agreement,
the claim Of the undersigned AGAINST the
last named company. which claim is as
follows. VIZ: there describe the claim and
also attach. as the case may he. the note.
certified copv Of the judgment or the re-
receivers certifcatel
In witness whereof. the undersigned
has hereunto SET. names and seals this
-...-...day 1885.
Seventh Upon the completion OF the re-
organization and the issue ~ the stock Of
the new company all OF the new stock
shall be Endorsed I'm blank and depositeS
with said Illinois Trust and SAVINGS Bank
as trustee under an agreement that said
stock shall be voted I'm sucF way as to
elect boards OF directors for the new COM
pany. the majority of which shall be sat
isfacfory 70 the committee and the minor
ity Of which shall be named by and he
satisfactory to the stockholders Of record:
until such time as the new company shall
be able TO paw. and shall be paying in
terest at the fun rate Of per cent. per
annum upon its first mortgaee bonds. at
which time said stock shall he returned
TO the holders Of the trustees receipts,
which will he issued IN the usual manner
and form upon the deposit of the stock.
in this section provided for the duties or
the committee shall be at end.
In witness WHEREOF the underSiEnFf
have hereunto set their hands and seals
this first dav OF August, a. d. 1895.
N W. HARRIS. tSeall
II w BARToL. tSealD
ALLEN v. FORBES. (SeatD
ALRFRT l. CUFSTER, (Seall
HENRY s. POIFTEIL. (Seai1
Poztonice address 204 Dearborn street.
Marquette building, Chicago. Illinois.
Burke Shepard. Woods 6 McGilvra and
Dupee. Judah. Willard & Wolf. attorneys
for hondholders' committee. Postoffice
address 40S-i2o Burke building. Seattle,
Washington
s1-nnoNs-IN THEsuPERIoR COURT