Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1897-08-05
ORGANIZED FOR OPERATION.
includes Pioneer, Salt Lake and o.
den, CitizenS aud Big Cottonwood.
FOUR COMPANIES FORM INFO ONE
pie inauguration of n Vast
Power and Light Enterprise.

Tho Union Light and Power ogm.
psny's articles OF Incorporation were
made ready to file this afternoon.
The articles are TO be filed under
sectiUns 2,:67 TO section 1898 Of the
complied laws OF Utah, 1883. The cor
poration is organized In Salt Lake
CITY, Utoh, and is to be- named the
Union Light and Power company.
The following parties have SUBJ
scfibed stock 10 the corporation;
George q. Cannon, trustee, 3,0OOj
George q. Cannon, 2,6s9; MILFORD
Woodruff, 1894; Joseph F. Smith,
1853; Wiliord Woodruff, trustee,
s.5s2; A. Ii. Woodruff, 1853; John II.
Winner. l,l25 (ull the above being
residents OF Salt Lake City); G. X.
Bannisier, l,708; Frank J. Cannon,
zoos. anu f. d. II chards, $50 (sil OF
OgdeD); lie Grsnue Young, Salt Lake
City. us; II. 5. Campbell, Salt l. ,ke
Guy, 27S; Don Mcguire, Osden, 2S5;
II. Is. Camobeil, trustee, los. w. }.
CurtIe, New York, 10; l.. 3. Hills.
Salt Lske City, /; rLos. q. Webber,
Salt LaRo City, /; n II. HaywarI.
Sat- Lake Guy, 10; Il;
Francls ID. PoiiAx, 10, 977; Jouu w.
Donuellan, Salt Lake City, 1853; WIN.
d. RIVE, Ogden, l72; II. NJ. Jones,
Salt Lake City, 462; (lne yemsinde;
are OF 3 at Lake City }. w. SUNNI II
hays, 22O; George III. Cannon, ITO;
h.n 1
Robert Morris, 1888; Hannah Row 4,
lOi; John M. Cannon, 10; Geor.e q.
cannon, trustee, 3,75l; George r..
Downey, l4l; George j. Taylor, l2O;
| A udrew g. Brlxsn, IA, and Alice b..
Jcues, l5i.
The corporation 10 to exist Nifty years
rom date OF filing asttoles. The pur.
suit anu general business OF the COM
| pany 10 to utilize stgesms of water for
| deriving power, production OF electrici.
| ~ aud furnishing OF power, light and
heat, 10 control plants and water
works, 10 store water for irrigation, TO
buy and sell real aud psrsonsl property.
The principal place OF business shall
be Salt Lske City, hough branch
Uthcas may be established.
| The capital stock Of the company
shall be 81. $50, 900, divided into IS 500
shares NJ the Ikr value OF 800 eAon.
rhe officers shall consist of q pIssi-
dent, fret vice president, second
vice president, TREASURER, secretary
aLd board OF nine directors,
The qualifications OF an officer shall
be that he own and hold at least one
share VI the capital stack. the term
Of Cfilce Of director ohall be ten year,,
tSnt OF the other Ulcers Que year. An
officer may be removed irum othoe by
q two-thirds vote OF the stOckn oideIs
| after two weeks notice 10 stock IA oldsIs
with statement OF onsrges.
| Within ten days after incorporation
anu yearly thereafter on the second
Monday In July until July, 1897, the
board OF directors ehall meel anu elect
a president anu vice presidents from
their number and secretary AMI
treasurer from the Stockholders.
| Vacancies OF the board shall be filed
by vote OF remaining msmbers.
| There shall be Two kinds OF capital
stDok--pIeferred and common. Both
shall have equal rights in voting In
| stockholders meetings. Tbs Preferred
| shall consist OF 5000 shares anu shall
he entitled to preference OF eight
| per cent peT Rnnum OF its par value
| cumulative; that lie, ~ dividends fall
| DeIOw eig4t per cent one year the
amount III default shall he paid win
! the next dividend. II the corporation
| 10 uiscountipg the preferred stock
shall be paid to psr from assets OF the
| COMPANY before the cDmmon stOok
receives anything. The common
stock consists OF 1880 shareB. 1t
shall receive diviueuus " the surplus
| fits, but not until the preferred
stock has received eight per cent per
anuum. All stock not already sub-
| scribeu may be sold by directors.
The directors OF the corporation shall
have power to issus bOnue and secure
them by mortgage or lien on the oom.
nany's property. They are authorized
to make all necessary contracts and
purchases OF every kind. special
mestiugs OF the board OF directors can
he called by the PRESIDENT. A member
II absent may cast his vote by Proxy
on any matter before Submitted
10 him. Five OF the entire
board shall constitute q quorum.
Inc private ami Individual
property oil the stockholders shall not
Oe liable for tue usUls and obligations
u tue corporation.
The stock OF tue company is paid 10
par by transferring to it the property OF
the Pioneer Electric Power company;
The siG.inch wrought Iron pipe used TO
convey natural gas from Like
shore In Davis county to the
county lines between Davis county
aud salt Lake county; the property
held In the name OF the Salt Lake
City Electric Light company OF Salt
Lax CITY, Utah; tho Little Cotton
wood water power owned by the Cot
tJuwooI Water Power anu Electric
company, Limited; the property OF the
Big Cottonwood Power company; the
Granite Paper MIL site; Mn '"BU
Electric water site, situated in Big Cot.
lonwood canylni tue property
VI the Winter Water Power