The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-03-26
To BE SUBMITTED TO THE STOCK
HOLDERS OF THE VALLEY
ROAD NEXT WEEK.
IT IS A STRONG DOCUMENT
ALL POWER VESTED IN THE TRUST
EEs, WHO HOLD OFFICE
Ten YEARS.

The date for the meeting of the stock
holders of the valley road has been
changed from Wednesday, April 3, to Fri
day, April 5, in the rooms of the Chamber
of Commerce at 2 O'Clock Pm.
At that time the pooling-trust plan will
be submitted to the subscribers for their
ratification.
This important document is given below
in full:
This agreement made and entered a8g into this
tween the parties whose names are subscribed
thereto, winesseth:
That whereas the undersigned are subscrib-
ers TO the capital stock, and are entitled to be-
come stockholders in the San Francisco and
San Joaquin Valley Railway Company, cor
poration incorporated under and by virtue OF
the laws of the State of California with cap
ital stock of six million dollars $4,000 O00),
divided into sixty thousand (6O,0O0) shares OF
the par value OF one hundred dollars (S1O0)
each;
And whereas, the rates of charge for the
transportation of the crops and products OF
this State from the interior to the SeabOard,
and of merchandise from the seaboard to the
interior of the State, have hitherto been ex-
cessive, oppressive TO the people of the State,
and destructive to its industry and commerce,
and all the parties hereto have become sub
scribers to the stock OF the San Francisco and
San Joaquin Valley Railway Company, and
have subscribed therefor and undertaken the
construction of said railway for the purpose of
effecting permanent reduction in the cost of
transportation between the city and port of
San Francisco and the great interior valley of
the State, by the construction and operation of
said road competitive means of transporta-
ton between said points; and the said parties,
recognizing that in order TO insure the main
tenance of such reduction of transportation
rates as the fixed policy of the said company,
and TO insure the permanence of its competi-
ton, the voting power OF the stock must be
confded TO trustees who shall by its exercise
in the choice Of directors and otherwise, effect
those purposes;
Now, therefore, each of the parties hereto
hereby assigns and transfers to the trustees
hereinafter named his subscription to the said
stock, and hereby authorizes the said corpora
ton to issue all the shares of stock for which
he has subscribed, to the trustees hereinafter
named, to be held by them upon the uses and
trusts herein expressed; and each of the par
ties hereto covenants and agrees to and with
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 Tor 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 maybe issued TO. trus-
tees and that the said trustees their survivor or
survivors shall, for the time hereinafter pro-
Vided, have the exclusive rights and powers of
ownership OF said stock, except with relation
TO dividends as hereinafterssprovided, and the
power herein conferred upon the said trustees
by the respective parties hereto, is and shall
be irreyocaole for the term OF said trust as
hereinafter provided, and the said power is and
shall be deemed 10 be coupled with an interest
IN the stock OF the respective parties hereto so
held in trust which interest The said trustees
shall hold for the benefit of all the other par
ties hereto but said subscribers. each one for
himself, hereby covenants TO and with all of
tne other parties hereto, that ne Will pay all
calls and assessments upon the stock for which
he, or his assigns, holds any beneficiary in
terest, and tn at he remains liable as the equt-
able 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 Francis
co and, San Joaquin Valley Railway Company,
held in trust for each of the undersigned re-
specuvely by the said trustees, which said GER
uhcates shall be in the words and figures fol-
lowing:
VALLEY RAILWAY COMPANY.
STOCK TRUST CERTIFICATE.
This certificate is issued by the undersigned
ment bearing date the. day of $50. 1895,
made and entered into by and between the
undersigned and other stockholders of the San
Francisco and San Joaquin Valley Railway
Company, corporation existing under and by
virtue of the laws OF the State of California,
and this certificate entities. 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 capital stock OF said rail-
way corporation; and in the meanwhile -.
or assigns is entitled to receive on demand
from the undersigned, or their successor OF sue
cessors 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
stakeholder 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 II such holder was party thereto or
had duly executed an agreement to abide
thereby.
The interest represented hereby is transfer
able, either in whole in fraction al parts CORE
spending TO given number of shares of stock,
only upon the books kept by said trustees for
that purpose, by the holder hereof in person OF
by attorney, upon surrender hereof but nc
transfer shall be valid unless made upon the
condition that the transferred accepts the same
subject 10 the terms of said agreement and
assents thereto, which he shall be deemed
to have done by receiving said trustees Ger.
tifcete.
San Francisco, California, 1895.
ACKNOWLEDGEMENTS.
Trustees.