Arizona republican., 1905-08-19

value of one hundred dollars CSIeal
each, which said amount % capital
stock does not exceed the amount ac-
tually required for the purposes % TIE
said corporation. and Is the amount
actually required and ascertaIned 10 BE
necessary for. constructing. completing
equipping. operating and maintainin--
its road. and is so estimated BY COM
petent engineers. as viii appear By
the written estimate OF such engineers.
duly signed by them and mled in the
office and principal place 90 business
aforesaid OF said corporation
And to amend paragraph Jnird OF A.
ticle XII OF the said articles 10 read
as follows:
The humber OF directors % saIa
consolidated corporation shall be ele-
ven (1D and the amount % the capt.
tai stock of said corporation shah BE
one hundred and sixty million dollars
tS160. .0sO). which said amount o.
capital stock IS the amount actually Fe-
quired for the purposes OF said Cur
pOratiOn. and is the amount actually
required and ascertained 10 be ueces-
sary for constructing. eomplstluE.
eqUipping. operating and maintaining
its road. and is So estimated 81 eou1-
petent engineers. as viii appear by the
gineers, duly signed BY theu and GA
file as Aforesaid said capital stock 20
said corporation shall De divided into
one million six hundred thousand IT,
600,O00) shares OF the par value 90 enc
hundred dollars (Sl09l each. OF which
said shares OF said capital stock the
following have been subscribed BY ara
allotted TO the stockholders o. said
constituent corporations. as hereinattvr
set forth. to-wit.
ITO the Southern Paclfie EaIlruad
company. incorporated. organized ana
existing under the laws OF the state 90
California, and 10 its stockhoiders. one
million and fourteen thousand two hul-
dred and forty-one and sixty one
hundreths O.O1E241 sO-Io0l shares
"TO the Southern Pacific Flallro4l
company. Incorporated. organized ana
existing under the laws OF the terri
tory Of Arizona. and 10 its stockhold-
ers, one hundred and ninety-nine tsou-
sand nine hundred and hfty Css.sS2l
shares"
ITO the Southern Pacific Railroad
company of New Mexico. Incorporated
organized and existing under the laws
of the territory OF New Mexico. ana 20
its stockholders. sixty-eight Thousand
. eight hundred and eighty-eight (ss.-
$3.50 shares"
1.-THE several stockholders OF each 90
said constituent corporations shah
have issued 10 them by the said con-
solidated corporation paid up shares 90
the capital stock 90 the cousail-
dated corporation out 81 the shares
thereof subscribed by and allostc.l 90
the stockholders OF their respe- 1--we
constituent corporations 70 che Lkr
amount. dollar for dollar. A. their "a
value with the par value % the sAaFrS
held by such stockholders in t1elz
respective constituent corporations.
Thereafter. and secondly, 90 create
! a bonded indebtedness OF said corpCr-
alton TO the amount IN the agg-rsatr
! of one hundred and sixty million Gn.-
lars tS16e. 0OO.GO0l in gold coin % DE
/ United States "a portion % waich FL
to be used in retiring eNistius bonded
| indebtedness) and 10 increase the bond
ed Indebtedness OF said corporation Ur
to the amount in the aggregate ~ ore
| hundred and sixty million ccll-rS
/ CsI6O. OOO. OOO) in gold coin ~ the Ua---
ed States and 70 secure the said pro-
posed bonded Indebtedness by mort
gage upon the railroads. f---s-htse5,
and property OF the company nos
/ owned or hereafter acquired. and ire
| income thereof. o. such part therrot
as may be prescribed in the rucrtsas-
and to determine the form and terms
of said bonds and mortgage. aaa 20
authorize the board OF directors 90 tase
all such action as they may deem nee-
essary or expedient in the premises
/ Dated the 2Sth day OF June. ise'-
/ BY order of the board OF directors
j. L WILLCUTI.
| Secretary OF the Southern Fae-fic
| Railroad company
y T. SMITH.
L E CALVIN.
W.T. TTANT Noon