Bisbee daily review., 1905-07-18

the amount actually required and as certained to be necessary for con structing. completing. equipping, op- erating and maintaining it's road, and is so estimated by competent engin- eers, as will appear by the written estimate of such engineers. duly sign ed by them. and filed in the office and principal place of business aforesaid Of said corporation.'
 And 10 amend paragraph third of article XII of the said articles to read as follows:
 The number of directors or said consolidated corporation shall be eleven (11) and the amount of the capital stock of said corporation shall be one hundred and sixty million dol lars (si60. GOO .000). which said amount of capital stock is the amount actual Iy required for the purposes of said corporation, and is the amount act .ualiy required and ascertained to be necessary for constructing. c0mplet- ing, equipping, operating and main taining its road, and is so estimated oy competent cngneers, as will appear by the aforesaid written estimate of said engineers. duly signed by them and on file as aforesaid. Said capital stock of said corporation shall be di- vided into enc million six hundred thousand q l,600,99o) shares of the par value of one hundred dollars ($100) each, of which said shares Of said cap ital stock the following have been sub scrIbed by and allotted to the stock holders of said constituent corpora- lions, as hereinafter set forth. to-wi.;
 gro 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 hundred and forty-one and sixty cnefhundred.hs 1.014,241 G0il00) shares"
 .'To 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 nine hundred and fifty (l99,9 ,95O) shares"
 "To the Southern Pacific Railroad Company of New Mexico. incorporat- cd, organized and existing under the laws of the Territory of New Mexico. md to it's stockholders. sixty-eight
 housand eight hundred and eighty eight (6S. .SSS) shares"
 'The several stockholders of each cf said constituent corporations shall have issued to them by the said con solidsted corporation paid up shares Sf the capital stock of the consolidat- ed corporation out of the shares there of subscribed by and allotted to the stockholders of their respective con stltuent corporations to the like amount. dollar for dollar, at their par
 faiue with the par value of the shares held by such stockholders in their re- spectiye constituent corporations"
 Thereafter and secondly, to create a ] bonded indebtedness of said corpo- ration to the amount in the aggregate of one hundred and sixty million dol lars ts16o 100000 In gold coin of the United States ia portion~of winch is to be used in retiring existing bonded indebtedness), and to increase the 1 bonded indebtedness of said corpora ti0n up to the amount in the >aggre-
 gate Of one hundred and sixty million
 iollars (sl69O0O .Jo0l in gold coin of
 he United States. and to secure the said proposed bonded indebtedness by mortgage upon the railroads, fran chises. and property of the company low owned or hereafter acquired. and the income thereof, or such part there of as may be prescribed in the mort sage; and io determine the form and terms 0f said hoads and morJGage, .7d 10 sn h3rize :he board of direc- tors to take all sach action as they may deem necessary or expedient in the premises
 Dated the 2sth day of June 1905.
 By order of the Board of Directors J. L. WILLCUTT, ! r4- n,.