Arizona republican., 1905-08-21

value of one hundred dollars (Sf0O each, which said amount Of eapltal stock does not exceed the amount ac- tually required for the purposes Of he said corporation, and is the amount actually required and ascertaIned to be necessary for constructing. completing. equipping, operating and mafntainins 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 ot ar ticle XII. of the said articles 10 read as follows:
 ''The number of directors os said consolidated corporation shall be sle- ven CID and the amount of The capI-. tai stock of said corporation shall hs one hundred and sixty million dollars ts160,000,000), which said amount e capital stock is the amount actually re- quired for the purposes of said car- poration, and is the amount actually required and ascertained 10 be Hecsa- sary for constructing. eOmpletin-. equipping, operating and maintaining its road. and is so estimated ky eOsa- petent engineers as will appear by ths aforesaid written estimate of said sa- gineers. duly signed by them and oa file as aforesaid Said capital szOek us said corporation shall be divided late one million six hundred thousand a. 600,000) shares of the par value o( aae hundred dollars ($1O0) each. oS whieh said shares of said capital stock the following have been subscribed by and allotted to the stockholders oS 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 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-IOO) shares
 "TO the Southern Pacific Railroad company, incorporated. organized and existing under the laws of the terri tory of Arizona, and to its stOckhold- CTS. one hundred and ninety nine thou sand nine hundred and fifty (ISs. s50l shares"
 "To the Southern Pacific Railroad company of New Mexico. incorporated. organized and existing under the laws of the territory of New Mexico. and to its stockholders, siXty-eight thousand 
 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 cOnsoli- dated corporation out Cf 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 Ia thsls respective constituent cOrpOratSoNs-~
 Thereafter. and secondly. to create bonded indebtedness Of said eerpog~ ation to the amount in the aggregate of one hundred and sixty Eaillioa Sns- lars ($16O. .OOO) in gold coin of tha United States Ia portion ef Whteh iz to be used in retiring existing bOOae1 indebtedness) and to increase the hsaa- ed indebtedness of said corporation up to the amount in the aggregate O< ere hundred and sixty milliOa dollars (s16O, ,OO0, ,OOO) in gold coin of the UEls- ed States and to secure the saia PTo- posed bonded indebtedness by a mort gage upon the railroads. 1E&sehises. and property of the company RoU owned or hereafter acquired. and ths income thereof. or such part thersar as may be prescribed in the mOCtgags and to determine the form and tertls of said bonds and mortgage. and co 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. 1so&
 By order of the board Of directors
 J. L. wILLCUTT. Secretary of the Southern Pacific
 Railroad company.
 N T. SMITH.