The herald., 1898-07-14
ELECTRIC CARS.
Redlands to Take Progressive Step.
The Proposition

REDLANDS, July 13.-Steps have been
taken for Transforming the present horse
car line into an up-to-date electric car line
The following proposition has been pre-
pared and will be circulated for signatures
within a few days by ]. H. Fisher, general
manager:
1--WE, tho undersigned, do hereby agree to
and with each other that we will and do
hereby subscribe for and agree to take and
pay for the number of bonds Of par value
of 500 each set opposite our names respec-
lively, to be issued by a corporation known
as the Redlands Street Railway company.
"Said bonds shall be issued as soon as said
Redlands Street Railway company shall
begin the work Of Transforming the presen,
street railway into an electric railway, and
one-half of the amount paid shall be paid at
the time of commencing said work, and a
note shall be given for the remainder of
said subscription, bearing interest at per
cent, secured by the pledge of bonds sub
scribed therefor. This subscription is hot
valid unless $4,000 in bonds is subscribed
for. (Signatures.)
Whereas, 1t is deemed for the best inter-
ests of the city of Redlands that the pres
ent street railway line be changed into an
electric street railway. H. Fisher. j. H.
Fisher and O. H. Childs have purchased a
controlling interest in the said Redlands
Street Railway company, and the following
proposition is hereby made to the citizens
Of Redlands:
"That the Redlands Street Railway COM
pany will issue $4,000 in twanty-year bonds,
bearing interese at per cent; $4,000 Of
said bonds to be subscribed for and taken
and paid for by the citizens of Redlands as
provided for In the subscription list hereto
attached. That if said amount is SUBJ
scribed for and taken by the citizens of
Redlands. then H. Fisher, J. H. Fisher and
o. H. Childs will take the amount of bonds
necessary at par to finish and fully equip
said Redlands street railway with electric
ity, and the remainder of the bonds to be
held in the treasury Said H. Fisher, j. H.
Fisher and o. H. Childs will have said road
equipped and ready to operate by January
1, 1899.
"A careful estimate has been made OF
the cost of the change from the present
system to an electric system, and 1t is found
1t will cost about 200. y
"The proposed new electric line will be
three miles in length, commencing a. the
Casa Iona hotel and ending on Cedar ave-
nue., where 1t intersects the boundary line
of Canyon Crest park.
1.-THE Redands Electric Light and Power
company will make five-year contract for
power for price not to exceed IS per house
power per month. Its superintendent esti-
mates an average of thirty horse power
will operate two cars such as will be needed.
The maximum fare charged shall be s
cents, Communication tickets to be issued for
school children.
zone car to run at night until II o'clock.
'"rhe Redlands Electric Light and Power
company will agree that the receipts from
the road shall be applied, first, to pay oper-
ating Except power); second, to pay inter-
est on tn bonds; third, to pay for power.
Bonds will be accepted as far as is neces-
sary to pay for power for period of three
years.
"H Fisher, j. H. Fisher and O. H. Childs
will consent and agree that committee
shall be appointed by the bondholders which
shall have power to audit all construction
accounts of the railway company, supervise
the issue of bonds desired, and, IL desired,
appoint its own trustee to hold unissued
bonds. The bondholders' committee shall
also supervise all estimates and the letting
of contracts, and should it be thought best,
1t may select purchasing agent. who shall
purchase all material needed in the con-
struction and equipment Of the electric
line. Provided. the directors OF the street
car company shall be consulted and shall
ratify any purchase that said agent should
make. All of which Is respectfully submit
led"