The San Francisco call., 1896-04-14
FOR BONDS,
First Official Step Taken to This
End on Behalf of the
Valley Road.
A Special Meeting Called for June I6,
to Consider an Issue of $4,000, 900
Worth.

In the notice issued to the stockholders
of the San Francisco and San Joaquin
Valley Railway yesterday to attend a
meeting on June 16 next, the first official
step was taken that will in all probability
lead to the issuance of $6,O0O,OO0 worth of
bonds to raise the money necessary to
complete the construction OF the road
from this City to Bakersfield.
AT joint meeting held last Tuesday be-
tween the directors and trustees of the
company subcommittee was appointed
to devise the best plan for raising this
amount of money. This committee wa
to report to the directors and trustees in
joint session, who were then to decide
whether or not to present the matter for
mally to the notice and consideration of
the stockholders.
No meeting of this committee has vet
been held and no definite plan has there
fore been yet decided upon to present to
the stockholders. As the statute, how ever,
requi res sixty days notice to the stock
hold ers when it is intended to issue bonds,
the following was make public yesterday:
Notice is hereby given by order of the board
OF directors OF the San Francisco and San
Joaquin Valley Railway Company, that q
meeting OF the stockholders of said company
Tuesday, the 10th day OF June, 1896, at
o'clock in the afternoon at the principal place
OF business OF said company, at the building
where the said board of directors usually
meets, namely: at the office of said company,
No. 321 Market street, in the City and County
OF San Francisco, in the State of California;
thatth object of said meeting is to consider
and act upon the proposition that said COM
pany create bonded Indebtedness of six mil
lion dollars ($6,0o0,000) in gold coin of
the United States for the purpose of
raising money to complete the con-
struction and equipment OF the rail-
road OF this corporation from the City and
county OF San Francisco to the town of Bakers
field, in the county of Kern, State of Califor-
mia, and to purchase and pay for any other
property within the purposes of said company,
and 10 secure the bonded Indebtedness so pro-
posed to be created by mortgage or trust
deed upon the railroad and railroad lines and
other property of said COMPANY now owned or
hereafter to be acquired by said company.
By order OF the board of directors of the San
Francisco and San Joaquin Valley Railway
Company.
corporate seall ALEXANDER MAcKIE,
Secretary of the San Francisco and San Joa-
quin Valley Railway Company.
This action will permit OF promptly car.
rylng out the designs of the directors,
should bond issue be decided upon, as no
unnecessary time will be wasted after the
decision is made, which it is expected will
be the case in the next two months.
AS previously stated in these columns,
this So, 900. 900 is to be used for building the
sections between San Francisco and Stock
ton and between Fresno and Bakersfield.
The former, it is estimated, viii cost
So, 500, 600 and the latter $1,000. 900. The
Stockton-Bakerstield link, it is understood,
is TO be given the preference when the new
construction work begins.
Only six assessments, of To- per cent each,
have been made on the 50, 500, 600 stock
issued, and the remaining 40 per cent will
be sufficient to complete the work on the
Stockton Fresno section