Omaha daily bee., 1902-12-23
STREET RAILWAY COMBINE
Fifteen Million Dollar Oom-any to Take
Over All the Properties.
WAGES OF THE EMPLOYEES TO Be RAISED
Purpose of Reorgnni1ed Company f.
60 Build Lines TO blair, Free
mont, Lincoln, P~Iattsmouth
and Iowa Points.

BolidatiOn was perfected yesterday and al
The same time the announcement was made
that on January 1 all the employees Of the
consolidated company are to be given an
advance in wages.
The consolidation was effected by making
the Omaha & Council Bluffs Street Railway
company out Of the old Omaha e. Florence
Street Railway company by amending the
articles OF Incorporation Of the last mem
toned concern so that with a capital stock
increased from $500, 600 to SIS. 200, 900 It may
take over the Omaha street railway and the
properties Of the other companies in this
vicinity and build extensions to Blair, Ere
mont, P~lattsmouth, Wahoo, Lincoln and
Griswold. la.
The directors of the new company an
nounce that all Of the SIS ,000, 900 Of stock
win not be issued now, but a large part
OF It will be issued as the company pro-
ceeds to build its interurban lines.
Fakes Material Form.
The consolidation took material form yes
terday morning when there was filed with
the county clerk by Guy c. Barton a lengthy
document which was labelled Certificate
Of increase of capital stock and amend
ments to the articles of Incorporation OF
Omaha & Florence Street Railway COM
pany.
The increase was from a capital stock
OF 5000, 900 to a capital stock Of SIS, 900, 900
and the Omaha G. Florence Street Railway
company becomes the Omaha g. Council
BLUFFS Street Railway company, with prin-
cipal office in Omaha. For the Omaha &
Florence Street Railway company the GER
tihcate is signed by Guy c. Barton, presi-
dent; william s. Cox, secretary and Guy
c. Barton, Frank Murphy, w. A. Smith,
" " MnHuA anA I ,NLa. n.aIz n
%rectors.
The transaction is thus p~refaced in the
certificate:
stockholders of Omaha & Florence Street
halfway company, held at the office Of
the company in the city of Omaha, Octo-
Der q 1902, and duly adjourned TO December
", 1909, the directors of such corporation
we're authorized by the holders OF all OF
the capital stock to file with the secre-
tary of state a certificate of the Increase
OF It's capita. stock from $1,000 0 to $15,-
100000.
Increase to Fifteen Million.
Now, therefore the directors of said
corporation hereby certify that in the
opinion of its directors the Omaha & Flor
ence Street Railway company requires an
increase In the amount of its capital stock
amount Of the desired increase of the capt.
lai stock of said corporation is S14. SOO.OC0.
And the officers of the corporation hereby
execute the following ard first amendments
to the articles of Incorporation Of the said
Omaha q Florence Street Railway COM
Pany, which was duly passed and adopted
by the unanimous vote of all Of the
stockholders present at the said annual
meeting, who constituted the holders of
ell OF the capital stock of the said Omaha
q Florence Street Railway company and
who, by like unanimous vote. directed the
president and secretary of the company in
ts name to duly execute and record this
certificate of such amendments; that is
TO say, the articles of Incorporation of the
Omaha a. Florence Street Railway pOm-
Lany are amended.
Then are given seven articles. The first
designates that the name of the corpora
ton shall be Omaha and Council Bluffs
Street Railway company" The second ar
:icle gives Omaha as the place Of transact
log business.
In Nebraska and Iowa.
The third article states that the general
nature of the business shall be the con
struction, maintenance and operation of
street railroads in Nebraska and Iowa,
With cars propelled by electric power. or
ty other lawful motive power except steam;
The purchase or leasing of street railroads
aud railway bridges. together with their
equipment and franchises, and the opera
ton Of the same In Nebraska and Iowa; to
build and operate telephone lines; pur-
chase, lease or manage and conduct lake
and pleasure resorts; to purchase or 9TH
erwise acquire such real estate and per-
sonal property, including the stocks, bonds
and obligations Of other corporations en-
gagged in similar business, as may be neces-
sary or convenient to the purposes of this
corporation, TO execute, sell and deliver
such bonds. mortgages. notes and trust
deeds as may be necessary or proper to
carry out the corporate purposes OF the
company"
This article further provides that "the
termini OF the street railroads which this
corporation proposes to construct, main
tain and operate" in Nebraska outside
Omaha. shall be as follows, and they shall
be constructed upon such right Of way as
ipon such county or other roads as may
be convenient.
Lines I'm All Directions.
Commencing at the city Of Omaha, run
ming thence norward through the city of
Florence to the line OF Washington county;
thence northerly through the town Of Cal
houn to and into the town Of Blair. and
The length Of such railway is about twenty
ave miles; commencing at Omaha, running
westerly through the villages OF Millard,
Elkhorn and Valley. in the county OF
Douglas, thence to and into the city OF
Fremont, in Dodge county. and the length
Of such railway is about forty-six miles;
commencing at Omaha, running south
westerly through Douglas and Sarpy coun-
lies to Saunders county. thence through
Wahoo and Ashland, and through Lancaster
sounty into the city OF Lincoln, and the
length OF such railway is about hfty-six
miles; commencing at South omaha and
running through Cass county to the city
81 Plattsmouth, twenty-one miles"
In Iowa the line which the company
will operate outside Council Bluffs will
commence at that city and run e~asterly
through Pottawattamie county to the town
Of Griswold In Cass county, the length
about twenty-six miles. The article
further specifies the termini OF the street
railroads which the company proposes TO
construct and operate in 1.-The city OF
Florence" and gives the prospective length
As ten miles.
Capital stock Provided For.
The fourth article deals with the hnane-
ing OF the merger and reads:
The amount OF the capital stock OF the
Omaha and Council Bluhs Street Railway
company shall be 100000 which shall he
divided into 10000 shares OF the par value
Of SEQ each. The capital subscribed shaU
be paid In at such times and on such con-
diuons as the board of directors may pre-
scribe. All Of such shares Of stock shall
be transferable only by written assignment,