The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-01-03
NEW $l0,0OO,OOO
COMPANY FORMED
Utah Light & Railway 0Tganiza'
ti0n Files Articles.
CAMPBELL GENERAL MANAGER
~. P. READ Is ELECTED SUPER
INxENDENT OF RAILWAY.

The Utah Light & Railway company
went into actual existence last night
After a session lasting vel into the late
evening. the board OF directors adopted
the bylaws. signed the articles Of ineor-
poration. and sent them down . the city
and county building to be filed. Secretary
of State Hammond and County tSerk
John James were waiting for them, hav-
ing been previously l.-tlfied. As the cap
italizauon IS Sl0.oy9,6ee, there Vac a zee
of ever 81 800 for the state for filing
As fCercasted IN The Herald. Robert ,
Campbell was elected general manager
". F. Read was selected as Sdperli~en-
cent Of railway service. Until a ". NC
Cune returns from Peru 10 ast personal "
as director c. L. Rood viii serve IN his
place. Colonel T. G.. Weber was CHOSEN
temporary director IN place of WI.
Curtis of New York
The directors sns officers elected last
President Joseph r. Smith; first vice
president John r. Winder: second vice
Robert s. Campbell; assistant secretary,
Robert s. Campbell. treasurer, L. ;. EililS
Full directory-Joseph F. smith, 4 W
McCme. John R Winder. Joseph ,
Wells /. S. Biils. W s. Mccormick. "
J. curtis ". +. Read. AEtnoE II. Lun0.
The executive COmHittae chosensDy the
chairman; Toseah s Wells. L 5. dills;
and the committee appointed z. ;. Camp
bel. general manager, W. p. Read, super
intendeEt Of railway service; general
Gannett.
Details of capitalization.
The capital stock of tie company is
$4,000 GOO. divided into 400.e0t shares ef the
The stock is divided ilto preferred,
which is cumulative. and common
stock The preferred shall. consist Of 81, o.
e11. III foh
cedence in the matter Of hquidd-
ton ans dividends before the COM
mon stock is allowed to participate
in any dividends or profits, the
stock to draw s per cent interest. The
common stock consists Of S6,e00 600. divided
into 100000 shares, and Is TO have and re-
ceive DIVIDENDS of the surplus profits. but
rot until preferred stock has received 5
per cent per annUra.
Objects OF Corporation.
The objects and purposes for which the
company is incorporated are to purchase
own. hold maintain, operate and further
extend that certain street rsjlroad prop
ETY. situated in Salt Lake county Utah,
now owned and operated by the Consoli-
dated Railway & Power company, a cor
poration of Utah with its franchises,
properties. rights and privileges, of every
nature and kind; and also TO purchase,
own, hold. maintain, operate add to and
extend all those certain properties be-
longing TO the Utah Light < Power COM
pany, d corporation of Titan, now en-
gagged in the business Of producing and
furnishing light. heat and power, and
furnishing water for irrigation and do
nestle use. in the counties of Weber,
Davis and Salt Lake, state of Titan. in
GLIDING it's rights privileges and fran
chiscs of every nature and kind, and all
things aDpurtenant to each of said busi-
nesses. and this company may buy,
lease, build, own, operate, let, sell ana
dispose of street and suburban railroads,
gas and electric light plants. water and
steam powers, canals, water systems,
wherever located and may buy. own,
sell and dispose Of stock in other cor
porations, and use, maintain and operate
such properties, corporations. plants and
systems. and may also buy. build. own,
sell and dispose Of all real and personal
property of every name and nature nee
essaTy or useful in the business afore-
said"
List Of Shareholders.
The preferred stock has been sub
scribed to as follows
Joseph +. Smith. trustee in trust So
so shares; A. ". McCune. By Joseph 5.
Wells. his attorney in fact 69,SU; ". ).
Mccormick, trustee, 35,S43; lie Grand
Young, trustee 5,333; John r. Winder,
trustee 4O67; ". =. Read. 961; NJ. H.
Walker. 100: Joseph H. Wells, 1.042;
Charles L. Rood. 6; W. 5. Mccormick, 40;
3. G. Raybould, 20: Joseph s wells,
trustee 2,7s1; r. r. Anderson, 100; VIII
liam J. Curtis, by lie Grand Young, at
torney ;: Thomas q. Weber 5.
The common stock is subscribed to as
follows:
Joseph +. Smith, trustee in trust, 20,4S7
shares: A " McCUne. by Joseph s.
Wells. his attorney in fact 94.939; Joseph
F. Smith 50: John r. Winder. 3; ". s
Mccormick, trustee, 13,11; lie Grand
Young trustee. 266=; lie Grand Young.
agent 1884; Robert s Campbell. ): John
r. Winder. trustee, 4.494; Anthem II.
Lund, ;; Lewis S Hills, 5; w. s. McCoT-
nick 100: ". 2. Read. 49,; Joseph s.
Wells, 522 John NJ Whitaker. 3; Joseph
s. Wells, trustee 1850: Charles L. Rood,
2: r 5 Campbell, trustee 443; r. S.
Campbell. agent. L796; LIE Grand
Young. ).
Secretary of State Hammond's fee
amounted to S2505; $500 for the total
amount of the Incorporation and s. for
the certificate of incorporation. Mr..
James fee was $3.50. divided as fol-
lows: For recording. Sl5.60; certified
c0Dv $50. filing of eleven Oaths Of the
officers of incorporation, $50; filing and
indeXing articles of Incorporation. $3.50.
frr-c aaT-rf firafnc secretary q state 81