Arizona republican., 1905-08-18

value of one hundred dollars (S1e8l each. which said amount Of capital stock does not exceed the amount ac- tually required for the purposes of ths said corporation. and Is the amount actually required and ascercained 10 be necessary for constructing. c0ruplrtir.E. equipping. operating and main,ainins its road. and is so estimated by com petent engineers. as will appear by the written estimate of such engineers. duly signed by them and filed In the office and principal. place of business aforesaid Of said corporation
 And 10 amend paragraph third of ar l ticle XII Of the said articles tO read as follows:
 ''The number Of directors of sala consolidated corporation shah be sle- ven CID and the amount of the capl- tai stock Of said corporation shall b- one hundred and sixty million dollars ! tS160. Goo. .00O). which said amount uf capital stock Is the amount actually re- quired for the purposes oS said cor poratiOn. and is the amount actually required and ascertained To be aeces- sary for constructing. Ornpletfue. equipping. operating and maintaining l its road. and is so estimated b. com l petent engineers. as will appear by the aforesaid written estimate of said en- gineers, duly signed by them and on file as aforesaid. Said capital stock of said corporation shall be divided i1io one million six hundred thousand fl.- 6O0.O0O) shares of the par value of one hundred dollars (Sl00) each. of which said shares of said capital stock the following have been subscribed by and allotted to the stockholders of said constituent corporations. as hereinafter set forth, to-wit:
 "To the Southern Pacific Rallrnad company. incorporated. organized anI existing under the laws of the state of ] California and to it's stockhnlders. one million and fourteen thousand two hun dred and forty-One and sixty one hundreths U.OI4.241 s0-1o0l sharcs--
 ''To the Southern Pacific Railroad company. incorporated. organized ard existing under the laws of the terri- tory of Arizona. and to it's stockhoia- CTS. one hundred and ninety nine tkoG- sand nine hundred and fifty 1ss.s53l shares"
 ITO the Southern Pacific Railroad , company of New Mexico. Incorpora ted. organized and existing under the laws of the territory of New Mexico. anl to its stockholders. sixty-eight thousand eight hundred and eighty-elsht (eS,- | SSS) shares"
 '''The several stockholders Of each uf ! said constituent corporations shah | have issued to them by the said con solidated corporation paid up shares of the capital stock Of the cousoli- dated corporation out Cf the shares thereof subscribed by and allotted to the stockholders or their respective constituent corporations to the Ike amount. dollar for dollar. al their par value with the par value of the shares held by such stockholders in their 1 respective constituent corporations Thereafter. and secondly, 10 create ! a bonded indebtedness Of said corpoE- ation to the amount in the aggregate of one hundred and sixty million 1ci- | lars C$16o. .00O. .0O0) in gold coin of the ! United States "a portion of which ts to be used in retiring existing bonded ! indebtedness) and to increase the bond 1 ed indebtedness Of said corporation up ! to the amount in the aggregate oc one | hundred and sixty million dollars | (S16O OOO.OOO) in sold coin of the Cnlt-
 ed States and to secure the said Tro-
 posed bonded indebtedness by @ mort
 gage upon the railroads. fzsachises. | and property of the company now
 owned or hereafter acquired. and the l income thereof or such part thsreof
 as may be prescribed in the mortgage
 and to determine the form and terms
 of said bonds and mortgage. and to
 authorize the board Of directors 60 take
 all such action as they may deem nee
 essary or expedient in the premises
 Dated the 2Sth day of June. lse5-
 By order of the board of directors
 J. L. WIILCUTT. Secretary of the Southern Pacific | Railroad company.