Bisbee daily review., 1905-07-19

;ha amount actually required end as CertaiEei to be necessary for con ;tracting completing, ecuippirg. op- sratlrg and maintaining it's read. and is SD estimated by comDete-t eugin- eers, ss Will appear by the written estimate o7 such engineers. duly sign eJ by then. and filed in the Cflice and ,riacipsl place of business aforesaid of sail corporation.
 and lo amend paragraph third of article XII of the said articles 10 read as follows:
 The number of directors O. said consolidated corporation shall be eleyea tll) and the amount of the capital stock of said corporation shall be one hundred and sixty million dol jars (siJ0, ,0oo ,0O0), which said amount If capital stock is the amount actual iy required for the purposes Of said corporation, and is the amount act ualiy required and ascertained 10 be necessary for constructing. complet- ing cqUipping, operating and main tainlng its road. and is so estimated by con; ;peteat cngneers, as will appear
 
 said engineers. duly signed by them and on file as aforesaid. Said capital stock of said corporation shall be Gi- yided into one million six hundred thousand tt.GGo .O00l shares Of the par value of one hundred dollars (s1o0) each, of which said shares of said cap tai stock the following have been sub- scriEed by and allotted to the stock holders Of said constituent corpora- lions. as hereinafter set forth. to-wi,:
 ITO She Southern Pacific Railroad Company. incorporated, organized ard existing under the laws of the state of California. and to it's stockholders. one million and fourteen thousand enc: hundredEhs Q.014,24l 60:100) shares"
 ITO the Southern Pacific Railroad Company. incorporated, organized and existing under the laws of the Terri tory of Arizona. and to it's stockhold- CTS. one hundred and ninety-nine thou , sand rine hundred and fifty Q99, 9,950) shares
 "rc the Southern Pacific Railroad Company of New Mexico, incorporat- d. organized and existing under the laws of the Territory of New Mexico, snd to it's stockholders. sixty-eight thousand eight hundred and eighty eight (GS.SSS) shares"
 The several stockholders of each of said constituent corporations shall have issued to them by the said con- solidated corporation paid up shares of the capital stock of the consolidat- cd corporation out of the shares there i, Q! subscribed by and allotted to the stockholders of their respective con- t.tuent corporations 10 the like mount, dollar for dollar. at their par 'aiue with the par value of the shares leid by such stockholders in their re- 1 spectve constituent corporations" Thereafter and secondly, to create a nonded indebtedness of said corpo- ration to the amount in the aggregate )f one Hundred and sixty million dol .ars (S1tO 900 .G00) in gold coin of the a!ted States Ca portion of which is O be used in retiring existing bonded indebtedness), and to increase the | ifunded indebtedness of said corpora ton up to the amount in the aggre-
 
 l ate Of one hundred and sixty million sollars (siC0,000 .0GO) in gold coin of l he United States. and to secure the l aid proposed bonded indebtedness by a mortgage upon the railroads, fran chises. and property of the company oa O9ned or hereafter acquired. and | the income thereof, or such part there lof as may be prescribed in the mort gaze, and to determine the form and .er-s of said bonds and moTtgsge, s2d to aH hcrize the board of direc- .crs to take all such action as they 'u1ay deem necessary CT cxpeIient in ] tbe premises.
 DateI the 2Sth day of June, 1905.
 Ey order of the Board of Directors.
 J. l.. WILLCUTT, | Sec-efery 3f the Southern Pacific
 naiir3ad Company.
 \. T. SMITH.