Arizona republican., 1905-08-12

1T , of California, the same being the prin- cipaI place of business of said corpor- ation, and being the building where the board of directors of said corporation i usually meet, on the 2Sth day of Au- gust 1905, at the hour of 12 o'clock noon, to consider and act upon the propositions:
 First, to increase the capital stock of said corporation to one hundred and sixty million dollars ($160, ,OOO,OOO). and for that purpose to amend article VI of the articles of incorporation and consolidation of the company to read as follows:
 "The amount of the capital stock of said corporation shall be one hundred and sixty million dollars ($16O, 900 OOO), divided into one million six hundred ' thousand 1600, ,0OO) shares of the par value of one hundred dollars CS1OO) each. which said amount of capital stock does not exceed the amount ac- tually required for the purposes of the said corporation, and is the amount actually required and ascertained to be necessary for constructing, completing, equipping, operating and maintaining 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 to amend paragraph third of ar ticle XII. of the said articles to read as follows:
 ''The number of directors of said consolidated corporation shall be ele- ven CID and the amount of the capi- i tai stock of said corporation shall be one hundred and sixty million dollars ] (S160, ,00O,000), which said amount of 1 capital stock is the amount actually re- i quired for the purposes of said cor | poration, and is the amount actually required and ascertained to be neces- ! sary for constructing, completing, equipping, operating and maintaining | its road. and is so estimated by com : petent engineers, as will appear by the aforesaid written estimate of said en- , gineers, duly signed by them and on i file as aforesaid. Said capital stock of said corporation shall be divided into one million six hundred thousand G. ! 600 ,00O) shares Of the par value of one hundred dollars (s10O) each, of which 1 said shares of said capital stock the l following have been subscribed by and allotted to the stockholders of said constituent corporations, as hereinafter set forth, tO-wit:
 "To the Southern Pacific Railroad : company, incorporated, organized and existing under the laws of the state of 1 California. and to it's stockholders, one million and fourteen thousand two hun ! dred and forty-one and sixty one hundreths G.O14.241 6O-1OO) shares"
 gro the Southern Pacific Railroad company, incorporated, organized and existing under the laws of the terri l tory of Arizona, and to it's stOckhOld- ! CTS, one hundred and ninety-nine thou sand nine hundred and fifty (199,959) ! shares"
 ITO the Southern Pacific Railroad ! company of New Mexico, incOrpoEated, 1 organized and existing under the laws i of the territory of New Mexico, and to its stockholders, sixty-eight thousand 1 eight hundred and eighty-eight (6S,- ! 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 0f the consOli- dated corporation out of the shares | thereof subscribed by and allotted to ] the stockholders of their respective constituent corporations to the like amount, dollar for dollar, at their par : value with the par value of the shares ! held by such stockholders in their i respective constituent corporations" Thereafter. and secondly, to create a bonded indebtedness of said cOrpor- ation to the amount in the aggregate i of one hundred and sixty million dol lars C$16OO OOO,OOO) in gold coin of the | United States Ca portion of which is to be used in retiring existing bonded indebtedness) and to increase the bond ed indebtedness of said corporation up to the amount in the aggregate of one hundred and sixty million dollars i Cs16O. .OOO, ,O0O) in gold coin of the Unit ed States and to secure the said pro- ! posed bonded indebtedness by mort | gage upon the railroads, franchises, | and property of the company now l owned or hereafter acquired, and the | income thereof, or such part thereof 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 to take all such action as they may deem nee essary or expedient in the premises.
 Dated the 2Sth day of June, 1905. By order of the board of directors.
 J. L. WILLCUTT,
 Secretary of the Southern PaclIlc
 Railroad company
 N. T. SMITH,
 D. r. CALVIN,
 WILLIAM HOOD,
 l. w. IIELLMAN, JR.,
 JAMES K. WILSON,
 J. M. HANFORD, PETER r. DUNNE,
 J. L. WILLCUT, FRANK B. KING, 7 CHAS. r. LINCOLN, c. L. KING,
 Directors of said Southern Pacific l vaiIroad cou1p1uV