The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-04-17

It was the peoples inning in the
fight for lower gas rates last night
Attorney E. w. Taylor, before the spec
ial committee on franchise, presented
the cause of the people and stirred up
a sensation. His arguments in favor
Of revoking the franchise of the Salt
Lake and Ogden Gas and Electric
Light company created profound I'M
preston upon the minds of the city
fathers.
But this was not the most important
development at last nights hearing.
Mr.. Taylor produced evidence for the
purpose of showing that a new cor
pOration has been organized with the
object in view of absorbing not only
the Salt Lake and ogden Gas and
Electric Light company, but possibly
several other companies in the cleo
trio power and light business in this
city.
This new company is the Deseret
Light and Power company. organized
in the state of New Jersey for the pur-
pose of doing business in Salt Lake
and Ogden, and with English capital
behind it. The scheme as outlined by
Mr.. Taylor is, briefly, that at some
time in the near future the Salt Lake
and Ogden company will go out of
business and then the Deseret Light
and Power company, the interested
parties in which are the same as those
in the Salt Lake and ogden Gas and
Electric Light company, will succeed
the present company,
Mr.. Taylor, in opening his argument,
proceeded to show that the Salt Lake
and Ogden company had never kept
faith with the people and never COM
piled with its franchise. Then he pro-
70 al To a
to be on foot and produced a certified
copy of the articles of incorporation of
the Deseret Light and Power COM
pany.
A significant fact is that the object
of this corporation includes nearly
every kind of business imaginable ex-
cept that of stock raising.
CERTIFICATE OF THE INCORPOR-
ALTON.
These articles were filed at the office
of the secretary of state on Jan. 6. 1897.
and in order that the people may judge
for themselves, here is a copy of the
articles as transmitted by the secre-
tary of state of New Jersey to Mr..
Taylor:
We the undersigned. desiring to form
a corporation pursuant to the provisions
of an act of the legislature of the state
of New Jersey, entitled AN act concern
ing corporations (revision of 1885, do
hereby certify:
Ffrst-The name assumed to designate
the corporation. and TO be used in its
business and dealings. is the Deseret
Light and Power company.
Second-The place in this state where
the principal office is to be situated is
Jersey City. in the county of Hudson,
which is the place in this state where the
business of the corporation is to be con-
Quoted. The corporation also purposes
having offices and conducting its bust
nessS in Salt Lake City and the city of
Ogden, and elsewhere in the state of
of New York, and elsewhere, as may be
determined from time to time by the
board of directors.
poration is formed are manufacturing.
producing, storing, selling and supplying
electricity. gas, water and steam for
light. heat and power, for use. distribu-
ton and application for municipal, do
nestle and any and all other purposes.
public and private. to which the same
can be applied. in the state of Utah and
elsewhere. boring for, storing, buying.
selling and supplying natural "as for
light. heat and power. for use, distribu-
ton and application for municipal, do
nestle and any and all other purposes.
public and private. TO which the same
can be applied, in the state of Utah;
manufacturing and constructing plants.
machinery, generators, motors, lamps,
tools. apparatus and devices, and con-
Quoting and developing processes for the
manufacture. production, use, distribu-
ton. regulation. control and application
of electricity gas. water and steam for
the purposes of light heat, power, loco
motion. transportation, mining, irrigation
can be applied: purchasing, leasing and
otherwise acquiring. using. operating,
selling licensing and otherwise disposing
of any plants machinery. generators.
motors. lamps. tools, apparatus and de-
vices or processes for any of said Dur-
poses or any part thereof; purchasing,
leasing and otherwise acquiring. using,
oDerating. selling. letting. licensing and
otherwise disposing OF any inventions,
patents. patent rights. processes. trade
marks. business. goodwill, and any and
all other properly. rights ana privileges
in connection with any of the PURPOSES
herein referred to, exploring, developing
and operating mines. acquiring by pur-
chase or otherwise. mining concessions.
mining claims and mines together with
all mining rights, water powers water
rights and any and all rights, powers.
franchises and privileges appertaining
thereto. leasing, buying and otherwise
acquiring lands. and constructing. main
tanning. improving, developing. control
ing and managing water-works and irri-
cation works. and disposing by sale or
otherwise and transferring any or all of
the same: buying. leasing, constructing.
managing. maintaining and operating
electric. steam and traction railways in
the state of Utah: acquiring, operating.
maintaining and disposing of storage.
transportation and all other facilities and
cOnVeniences whatsoever and Whereso-
ever In connection with any OF the pur-
poses herein referred TO; acting as agent
for any and all other corporations and
individuals. whOmsoeVer and Whereso-
ever in the conduct of its or their bust
ness; and engaging in all business and
undertakings in any way growing out of
or concerning or relating 10 any objects
or purposes herein referred TO; purchas-
ing or otherwise acquiring and holding.
and selling or otherwise disposing of the
property or the capital stock or stocks
or bonds or debentures of any company
or companies owning. manufacturing or
producing materials or other property
necessary for the business of the COM
many; issuing 10 and receiving from
otfiers as consideration, and purchasing
the stocks. bonds. securities or obliga-
fions of this company or of the vendors.
lessons or other parties as the case may
be. and selling or otherwise dispossing OF
or any of such shares or stocks of such
companfes or of this company in escrow
or trust. for such period and upon such
terms and conditions as the stockholders
or board of directors may deem desirable;
issuing bonds, debentures or obligations
OF the company, from time to time. for
any of the objects or purposes of the
company. and securing the same by mort
gage or mortgages or deed or deeds of
trust on any or all of the property.
lights franchises and incomes of the
company. wheresoever situated. acquired
and 10 be acquired. and selling or other
wise dispOsing of the same in such man
nPr and upon Such terms as the DOard OF
directors may deem judicious.
Fourth-The total amount of the cap
itai stock of the corporation is five thou
sand dollars; the amount with which it
will commence business is five thousand
dollars the number of shares into which
the capital stock is divided is fifty and
the par value of each share is one hun
dred dollars
The board of directors may, at any time
in It's discretion. create and issue COM
mon stock and preferred stock. and the
preferred stock may be either cumulative
m I've may he di,rid.ad