The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-04-27
Power of Attorney Prepared for
Valley Road Stock
holders.
THE STOCKTON AGREEMENT.
formation on the Fran
ChiSe.


by trustees of the company and asked to
sign the stock-trust agreement.
Pen and ink were borrowed from South
ern Pacific clerk and Mr.. Whittier ap-
pended his name to the legal document.
He was the first man to sign the agree
ment, pooling his stock with the board of
trustees.
A special form of power of attorney de-
signed to meet the situation was drawn UP
by E. f. Preston, attorney for the COM
pany, on Wednesday, and this, too, was
signed by Director Whittier. This instru-
ment is intended for subscribers who can
not be present to sign the stock trust
agreement, and deputies power to another
person 10 execute the agreement. 1t is as
follows:
Whereas, At meeting of the subscribers to
the capital stock OF the San Francisco and San
joaquin Valley Railway, corporation, held
pursuant to the covenant contained in the
contract for subscription to said stock, upon
the 9TH day OF April, 1893, form of agree
ment for q stock trust among all the sub
scribers to said stock was adopted by said sub
scribers and nine trustees were elected to
carry out said trust.
Now, therefore, hereby authorize the said
corporation TO issue all stock subscrl bed for by
me to said trustees and TO issue to me stock
trust certificate for said stock, according to
said agreement, and hereby appoint ---
my true and lawful attorney for me, and in my
name, place and stead to execute said trust
agreement, hereby rat1ty1ng and confirming
all that my said attorney shall lawfully do or
cause to be done in the premises.
[Signed -.
Dated, -, 1895.
Another legal document was completed
Thursday by Attorney Preston and re-
ferred 20 Directors Charles Holbrook and
Robert Watt, who with the attorney con-
stitute a committee entrusted by the board
with it's preparation. This is the agree
ment between 2. B. Fraser, Sidney Newell,
f. NJ. West, William Inglis and l. S. Bost-
wick, trustees for the donors of lands,
money and rights of way in the city OF
Stockton and the county of San Joaquin
| having been selected as such by the Stock
I-ton Commercial Association, and the San
| Francisco and San Joaquin Valley Rail-
way Company 1t binds the Stockton
| Commercial Association to give 100000
lands for depots, etc. and rights of way in
| Stockton, and right OF way through San
Joaquin County, and in lieu of these con-
| siderations the railway company binds it.
self to build a railway and operate it from
| San Francisco through the San joaquin
Valley TO point in Kern County, and to
| begin construction within a stated time
| yet to be decided on.
! The agreement was originally drawn by
! firm OF lawyers of Stockton and then pre-
scented to the board of directors of the val
| ley road. 1t was next referred to a COM
mittee composed of Watt, Holbrook and
| Preston, who made some minor changes
such as substituting "a point in Kern
| County" for Bakersfield" and something
of the language also The precaution a bout
agreeing on Bakersfield as the southern
| terminus is obvious. 1t does not imply
that the directors will not build all the
w To haf 90,
is TO get there or as close as possible and
If at all feasible much closer than
Kern City, the Southern Paciic's station at
that place. But legal technically might
arise if the road was not built into Bakers
field which, however, is avoided by the al
teration.
The matter will be submitted to the
directors at the next meeting, when the
probabilities are that it will be approved
and signed. All that will then remain is
for the Stockton trustees to sign it for the
other parties.
Z. +. Preston and the chief engineer
appeared before the Street Committee of
the Board of Supervisors Thursday and
asked that the company's application for
franchise from China basin in general
southerly direction to the county line, near
Baden. be taken under consideration.
Attorney Preston wanted information on
the subject. He requested the committee
to refer the franchise to the City and
County Attorney for his opinion if, accord
ing to a recent act of the Legislature, the
franchise must be put up at auction and
sold to the highest bidder. The Street
Committee granted his request and nothing
further will be done in the premises until
Mr.. Creswell submits his opinion.
President Claus Spreckels and Director
Watt of the valley road went to Bakers
field Thursday night to look after the inter
ests of the railway and also of the people
OF that section in connection with it,
Chief Engineer Storey stated yesterday
that he was very well pleased with the
progress made by his men in surveying
the road from Stockton southwark to the
Stanislaus River. He went over the ground
surveyed and got a good idea of the situa-
ton in the two days of his absence from
this city.
II found that the engineering party had
moved their camp from Collegeville about
seven miles south, and that they were
working away near the Stanlslaus River,
nearly twenty miles below Stockton. They
will probably stay along the river for day
or two looking for good crossing. Then
they will return to Stockton and strike
out anew, using the preliminary survey
for base line. Every house is located on
their survey maps, and on their second
run they will be able to avoid these OBJ
SCructlOnS. we nave TO De careful about
crossing of the Stanislaus River, so that
the current cannot wash out our piers.
When the crossing is decided on then the
surveying party will return to Stockton
and lay out the route toward it.
"The land between Stockton and the
Stanislaus River is all level and most of it
is under water in the winter. The track
will have to be raised on bank from three
to five feet above the surface of the
ground"
Specifications for locomotives have been
finished and sent out to the leading manu-
facturers, with requests for bids on three
engines. At present the office staff is en-
gagged preparing specifications for box
cars and getting stock certificates ready
for signing by the trustees.
A. Albrecht of Fowler wrote to the secre-
tary yesterday for subscription book,
saying he was deeply interested in the
Valley railway enterprise and believed he
can secure great many subscriptions to
its stock in his district,
Whenever tried always approved-Dr.
Prices Baking Powder.
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