Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-05-01

7. R. JONES NAMED AGENT.


The American Smelling a Refining
company Of New Jersey. DESTROYS Of do
ing business In Utah. nled with sccrc-
tary OF State Hammond today ia arti-
clos Of Incorporation and by-iays. to-
geiher with a copy OF a resolution.
dated April %. stating TINT the COM
pany accepts tho provisions OF the
State Constitution. designating 7. II.
Jones OF this city. as ita agent. The
company Incorporated April 9TH Of the
present year under tho laws Of the
State Of New Jersey.
The amount Of the total authorized
capital stock Of the corporation IL $685.
10000. divided into $4,000 shares OF the
par value Of 100 each. Tho amount
Of capital with which the company
commenced busincn. was 1900. OF the
tes.ccoooo OF capital stock ts2.toooco In
preferred stock and sa2.scoooo II COM
mon stock. Article Z Of the certificate
Of incorporation reads aa followsi
'"rho preferred stock shall be entitled
In preference to the common stock 10
emulation dividends at tho rate OF
seven per ccntum yearly. payable
quarterly. half yearly or yearly; that ID
TO say. dividends may be paid upon the
common stock only when the prcfefTcd
from the time Of the Issue thereof. The
preferred stock shall nlso have n pref
rr-ncc over the common stock In any
distribution Of tho naaetn Of the corpo-
ration other than proftr until the full
par value thereof and seven per ccntum
psr annum thereon from tho time %
issue shall have been paid BY dlvidends
or dlstributlon. The prcferrrd stock
ehai inot BE- entitled 70 any dividend In
sxess< Of sgyrn per. crntuin per annuin.
nor "a anyffhl1. ~ dittfibution OF tt-
rctH IN axccrr Of said par value and
the amount then unpaid Of such oumu.
lntlvc dividends. but only the common
stock shall be- entitled 10 any further
dividend or 10 any further share IN
distribution"
The names Of the incorpofntor, all
residents 81 New Jersey, together with
the number Of shares aubscribcd Tor by
each. arc ne follows;
winthorpe y. Dwight 10 ahar,si
Thomas Mills Day, Jr., 10 chnfcs; John
.. Trcaccy. 10 charoa. Hector W. Thorn
~. 10 shares Alexis y. bartlett 10
Edward W. Nash II president and
Edward brush II secretary.
The objects Tor when the corpora
tlon II formed are multitudioun. chief
among which are the acquiring and
selling az ores minerals ana metals;
tho milling aud manufacturing uf ores,
and metals and minerals. TO mine all
raw materials. TO lease. acquire aud
dispose of real estate. water or water
power. and 10 develop towns and town
sites; TO construct. purchase or lease
and dispose Of street railways. cleo
tricity, railroads. telegraph lines and
canals, not IN the state OF New Jersey;
In fact, 20 carry on any business or
operation deemed advantageous or
profitable 10 the corporation.
The company paid Ia Secretary HAM
mond In fees today the sum OF tf.t0s.
Under the old law. which was amended
by the LEGISLATURE two years ago. the
.xactlon would have been more than
$4,000. Tn. state officers We're today
wishing that this statute had not been
amended. knowing that the great trust
would have paid that amount lust as
readily as the sum given. but t2,b00
IL the limit, and the secretary could
take no more than he did. The eight
dollars over that amount was for Is
suing the certificate and Ming tho
acceptance.
The change In the law. said Secre-
tnry Hammond today, had deprived the
state OF upwards OF $50 900. all OF which
he AYERS would have willingly been paid
into the treasury for the privilege OF
doing business In Utah.