The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-02-22


the promoters of the san Pedro, Los
Angeles & Salt Lake railroad to con-
StFuct the line of road SO greatly de-
sired by the people of Utah and south
ern California developed yesterday IN
the perfecting of the organizations or
the Empire Construction company,
which is financed by the promoters or
the railroad and has for its purpose
the construction and equipment OF the
line that is to connect Salt Lake CITY
with the harbOr of San Pedro, by way
of Los Angeles
The articles Of Incorporation of the
construction company were executed IN
Los Angeles last Friday and IN TINS
city yesterday, and they are drawn un-
der the railroad Incorporation laws or
Utah. Late yesterday afternoon the
articles were filed with County Clerk
James Salt Lake City is designated
as the cOmpany's principal place OF
business.
The capital stock of the Empire Con-
struction company is fixed at S1,OOG0O0,
in shares of S100 each. Senator W. A,
Clark Of Butte, Mont, has subscribed
to 1895 shares and r Z. kerens or 81
Louis, as trustee, takes an equal num-
Der. The other nine incOrporators take
one share each of the capital stock
Treasury Has 100000.
While the law requires that only 10
per cent of the capital stock shall be
is stated that all of the incorporators
of Ike construction company have paid
to T +. Miller, the treasurer, 20 per
Cent of their subscriptions in cash,
TIaking $500 600 now in the treasury
Indicative of the intention TO have
the railroad constructed at once and
the Empire cOmpany's business affairs
soon wound up, the life of the COTpOT-
alton is fixed at five years. The usu-
ally designated term of existence of
~ae.a.a
J Ross Clark OF Los Angeles is
named as president of the Empire Con-
structiOn company; George b. Leighton
of St. Louis, vice president; T. +.
Miller of Los Angeles, treasurer, and
the other dir actOTS are w. a. Clark
r. e. Kerens, T. i. Gibbon of Los
Angeles, Clarence X. Mccormick and
David Keith of Salt Lake City and
Reed SmOOt of Provo Besides those
named, the incorpOratOTs and share
holders are Charles ". Clark of Butte
and c. o. WhittemCre of this city. The
secretary is II. s. Mckee.
Purpose of Organization.
The purpose and business for which
the company is formed is stated as
follows:
ITO agree and contract to construct,
and to construct and complete, every
kind ana character of public, private
and corporate works, structures and
and equip and to construct and equip,
any line or lines of railroad, telegraph
or telephone in any state or states or
the United States, and in connection
herewith and in fuTtheTdnCe of said
purpose and business to acquire, re-
Ceive hold. own. sell and dispose OF
real estate and personal property for
railroad rights of way and ali other
railroad purposes and uses and for
rights of way for telegraph and tele-
phone lines, stocks and bonds of rail-
road. telegraph, telephone and other
corporations. and state and municipal
bonds, obligations and securities; to
acquire own. hold, subdiVide, improve,
lease and sell real estate; to borrow
money and execute and issue the cor
poratiOn's notes. bonds and other evil
dence of Indebtedness or securities
therefor and to mortgage and exc
cute deeds OF trust upon the corpora
TONS property as security Tor such
bonds and other obligations, or evil
derceS of indebtedness: together with
all such incidental powers in addition
TO those herein especially named as
nay or shall be necessary. requisite or
appropriate to effectually accomplish,
carry cut and prosecute the purposes
and business for which this corporation
is organized"
With reference to the filing of the
oaths of ONCE of only three officers of
the construction company, G. o. Whit
TeInore sara II naQ Deen Impossible 10
gather them all in the time allowed.
but ne expects every officer viii have
forwarded his oath ~ Monday next.
at which time they viii be filed.
This ] believe to be the most inn
pOrtant. rather the first direct move
towards the construction of the road"
added Mr.. WhittemOre- 1t practical
" pledges the promoters of the project.
We have not been idle, however. dur
ing the past six weeks. The work has
been going on in southern California
for that length of time at least but
this is the last move before actua! con-
struction work begins in earnest AS
Senator Clark stated in san Francisco,
within sixteen days the dirt viii begin
10 fly
Waiting for Legislation.
Some legislation Will be necessary
before the articles of Incorporation Of
the railway company proper are fled
A bSll which is now pending in the
house covers the points desired by the
company. 1t was faVOTably reported
yesterday and the chances are that il
viii pass both branches next week.
The measures in which the new cor
pOratiOn is interested was introduced
some time ago by Mcmillan. II pro-
vides that the franchises of railroad
companies may be granted for a period
of 100 years. instead of fifty as at pres
ent In addition, an amendment was
inserted at the request of &. o. Whit
temore, attorney for the San Pedro,