Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1901-02-02
PROPOSITION.
Favorable Action Taken on Santa
Fe, albuquerque & Pacific,
IMPORTANT MATTERS CONSIDERED.

The members o. the commercial Glib
and many other gentlemen Who are
ever interested IN the progress ana up
building Of this city. assemble In tn
club rooms last Saturday evening to
listen 70 the report OF tho specill Com-
mlt,ee on the proposition Of The santa
re. Albuquerque a Pac nc Railroad
company. Mayor Marion was present
anG presided over the meeting. an =.
r. McCanna. the seer tary. read the
committees report on tn prop0s ton,
which was az follows.
whereas. The Santa Re. Albuquerque
4 Pacific Railroad company MS sub
United, through the Commercial club.
a proposition Co the citizens OF ABB
querque 90 subscribe 60 the ,apita
stock OF said company % the am unt
Of $4,000 upon conditions set out A.
communication OF January a. 1901
therefore, be t
Resolved. That the Commercial club
endorses said proposition and heal al
recommends Il go the favorable on
alteration OF the public; provided. that
the subscription papers 10 he slgne By
the Intending purchasers be sub n
TALLY In the following form, which Is
not IN effect any seri0u, dep irture fro
what Is indicated In the letter fro %
the company.
We. the undersigned her by " r
ally subscribe for stock m n "a {
Re. Albuquerque a IA nc Railw y
company to the amount IN money 8
NtNa
upon the following condition.. Viz.
First-That the company shall build
equip and put In operation line oi
standard gauge railroad rom 5 ma +,
to Albuquerque by the moss 9 a nc
Bile route near san Pedro ana throu gh
TiieraH canon. and an eXtenfiln 0i
branch OF said liue from some convent
ent point south o. san Pedro jo "a on
nection with the line OF the Chic1Eo
Rock Island a Pacific railroad 10 b,
built from Liberal KAN, Go a come
ton with the ~ Pds1 a. No-theaH cfT
railroad. but that uo money sha b
/ due or payable ON our susberip .'Nal
until such raiiroaI 10 built eau ppf.
and la operation.
second-Thns the company VIII -
| tablish and maintain i,s business he q
| quarters and general Offices al Aiou
| querque. and VIII locate a. freight an
| passenger depots witaln tEc prcsea
| limits OF the city ~ Albuqut RUE. an,
| not more than one-half mile from IN
/ Intersection VI Railroad avenue an
Second street.
Third--Thai the tots. amour o
stock issued by said company sha 10
exceed s.. 5OO0OO ana that NJ stock O
the company shall have any supsriori {
or preference over our stock AM thl
II the company issue any prcferre
! stock. our stock Is a. be 81 thot clasi
FOurth-That the company hall no
issue bonds. secured by lien upon q
property. 90 any greaier amount thi
$4,000 per mile.
Fifth-That oar subscriptions ,ha
be due aud payable upon compile b
OF the railroad, as provided In IN 4 !
OF these conditions 20 per coat there
to be paid within thirty days after ca
by the directors. such cal O. be mad
only after the road oEen TO ran
and ln actual operation. and the \,
malnder 90 be paid Ia four other ecu
payments, payable respectively az D
end OF each successive period OF thlrg
days thereafter. until the whole Is pa
sixth-That the railroad shall he Dt
az SET out In the FIRST o. these cOnd
tlona and In operation on or b for q
first day OF March. iso3, or o hcrWi.
these subscriptions shall become vo
and Of no effect.
, Much discussion followed the ros'
ing % the report. but Il was uuan
mously accepted and adop Ell by a
club. Il was moved and second "a a.
the secretary forward copy OF q
resolution a. adopted 10 the membe
OF the railroad company II the r