Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-05-02
STOCKHOLDERS UNANIMOUS.
MILLION STOCK IN TREASURY.
II VIII be Issued TO Stockholders AZ
Money Is Needed -- $500 900 Dur.
log This Month.

Tho Two sugar companies known M
the Idaho Sugar company ana the Fro
mont County sugar company went out
OF existence this morning, both being
merged into new corporation known
ne The Idaho sugar company,
Tho consolidation was effected AT
meetings Of the stockholders Of both
the old companies held IN the Dcsorot
NeWs annex this morning, ana Attorney
Richard w, Young later filed with tho
county clcrk articles of the now cor.
poralion which IL capitalized for 49,.
100000, paying tho secretary of state
the necessary fee Of $3.50 required by
law
The meetings Of the stockholders were
largely attended AZ the Idaho sugar
eompany's meeting, held first, The total
number OF shares represented was 7l,gio
ont ~ 100000 At the meeting of the
ttcmon, County sugar company which
lnlloMod, Nhb2i shares were ropropcntoi
out Of the 100000 total, both the old
COMPANIES having been capitalized nt
NiOooVOO' Thos Il, Cullor was elected
rhulfmnn ana Horace q, whitney soc.
folhry of both meetings, Mr. Cutler
Nnhlr verbal statement of the reasons
lle consolidation of the two companies
was advisable Tho questions wore
iully ana harmonl0usly discussed by
ihosc present, ana the unanimous vote
Wi hll The stock represented was cast
M lnYor Of the consolidation
Tb' new nriiclcu of Incorporation ara
signed by John r. Windor John Henry
Smllh, phd John g, cutler who cert.
~ und.r cath that they are ncquamt.
cd WIN me properties Of each of tho
consolidated corporations ana that tho
properties are worth In cash the amount
FOR which They have been accented by
the consolidation, namely s2,0OOOOO
The articles also set forth that of
ne s30lOOOO capital 1000 900 shall be
lsHucd share for share 10 the stock.
noldors OF the two old companies, ana
mat th0OO0OO SHAH BE- held I'm the irens.
ulN 10 De disposed of under the dlrpc.
ton Of the board Of directors az Tho
proceeds may be needed IN the conduct
of the business, II wus stated nj tho
meeting mat 5000 OOO of this lroasury
stock VIII be- offered at par 10 stock.
holders within the next 10 or 20 DAYS,
me articles of Incorporation Hlfo fully
describe the pnnt, real estate, etc., of
the two factories located IN Idaho.
The new board ~ directors N com.
posed Of JOS, IT, Smith, John r. Wmdor,
Thos Il cutler w, $, Mccormick, Hor.
acc q, whitney John Henry smith,
J0hn &, cutler =, Hansen and Geo. G.
Parkinson, Jos H., Smith IN named M
presidents Thos r. cutler, vico.pros-
don't ana general manager, and Horace
q whitney secretary and treasurer.
These officers are 10 servo miIl Inc
noNt election which occurs AprI 10.
1906 All stockholders I'm the old com.
pnnios wop requested 10 hand IN their
certificates and receive new shares as
fuon us possible
Manager cutler Informed the stock.
holders nt The meeting that the nero.
arc planted for the coming season
amounted to 5000 Tor the Fremont
county sugar company and over 1000
for the Idaho Sugar company, ana thnt
" the usual results Woro obtained, both
factories would be taxed lo their capn,
city Ito also announced that the Stnf.
lcna process would he Installed nj the
Fremont county plant ana by this il
was expected that much larger pro.
portion Of sugar could be extracted
from the boots than had been hitherto
done.