The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-09-27
Articles Of Incorporation Of the New
Company Filed with the Sec
rotary of State.
THE CAPITAL IS $S,200,000
SHAREHOLDERS TO BE PROVIDED
FOR IN THE DEAL.
Consolidation of Two Roads That
Were Noncompeting-Som Facts
of Interest.

The Cincinnati, Indianapolis & Western
Railway Company, a consolidation Of two
noncompeting lines-the Cincinnati, Hamil-
ton Indianapolis and the Indiana, De-
catur & Western-brought about by the
Cincinnati Hamilton & Dayton, filed ar
ticles of incorporation yesterday with the
secretary Of state. The c.. H. & d. owns
the stock and bonds of the consolidated
companies and the officers of the new road
are practically the same as the executives
of the c., II. e. D., with NJ. d. Woodford
president.
The union Of the two roads gives the c.,
III. & d. a continuous line from Hamilton,
o., to Richland county. Illinois. The c..
H. & 1. extends from Hamilton. o., through
Butler county, Ohio, and Union, Fayette,
Shelby, Hancock and Marion counties in
Indiana to Indianapolis. The l.. d. & w.
extends from Indianapolis through Marion,
Hendricks, Putnam, Parke and Vermillion
counties In Indiana and through Edgar,
Douglass, Piatt, Macon, Christian. Sanga-
mon, Vermillion, Clark, Cumberland. Jas
per and Richland counties in Illinois.
The capital stock OF the consolidated
companies is $4,000, divided into 5000
shares at sl00 each. Since the shares Of
the two merged lines were relatively of
unequal value it is provided that holders of
the common stock of the c., II. & 1. shall
receive four-fifths Of a share of the new
company for every share they held in the
c., II. & l. Holders of preferred stock in
the c., III. & 1. will receive one and one
fourth shares of the consolidation for every
share of preferred stock they held In the
old company. Holders OF preferred stock
in the l., d. & w. will receive one and one
half shares OF the c., 1. & w. for every
share of preferred stock they held in the
l.. d. & w. Holders Of common stock in
the l., ID. & w. get one share of the new
stock for every share they held in the
merged road.
1t is provided that the residue of the new
stock not exhausted by effecting the ex
changes may be used to extinguish the
floating debt OF the old companies or in
paying any statutory obligations that the
directors may order 1t is provided that all
obligations and debts contracted by the
merged roads shall be assumed by the con-
solidaticn, and that all items of property
held by the two roads shall pass absolutely
into the control Of the new company. In
order that all Indebtedness of every kind
may be discharged, including the cancel
lation of bonds issued by the Cincinnati,
Hamilton & indianapolis and the Indiana
Decatur & Western, the issue of bonds of
the new company TO the amount Of s., 200,OO0
is ordered. The bonds Of the old roads will
The articles of consolidation and incor-
poration set out that the best interests of
the public will be promoted by the CONSOLE
dation of the property, franchises and cap
ital stock of the two roads. The lines con-
meet at Indianapolis and do not compete.
The Herbst Drain Tile Company, Of
Gant soun G nd fba ne
John Prior. John b. Reed, ]. w. Rakins.
Henry C. Shobe and John w. Rust.