Deming graphic. (Deming, N.M.) 1903-1948, 1905-09-22

solidated corporation pald.up shares
OF the capital stock of the consolidated
corporation out Of the shares thereof
subscribed by and allotted to the
stockholders Of their respective cor
stltuent corporations to the like
amount, dollar for dollar, at their pa.
value with the par value OF the shares
held by such stockholders in their re-
speotive constituent corporations"
| Thereafter, and secondly, to create
a bonded Indebtedness OF said corpor.
alton to the amount IN the aggregate
OF one hundred and sixty million dol
lars (Sl00,000,000) In gold coin OF she
United States "a portion OF which is
to be used In retiring existing bonded
indebtednessl, and to increase the
bonded Indebtedness of said corpora
ton up to the amount in the aggregate
OF one hundred and sixty million dol.
lars C$l6O.000,000) in gold coin of the
United States, and 10 secure the said
proposed bonded Indebtedness by A
mortgage upon the railroads. fran.
chises, and property OF the company
now owned or hereafter acqug-ad. and
the Income thereof, or such part there.
OF ms may be prescribed In the mort
gnge; and to determine the form and
terms Of said bonds and mortgage.
and to authorize the board OF directors
to rake all such action as thew NAV
deem necessary or expe1ient In the
premises"
II appearing that due publication
and service OF the notice Of
the meeting had been given
and made, and further. p,I re.
quirements as 10 notice and time OF
meeting having been waived In writing
by every stakeholder of said corpora.
ZION by his attorney thereunto author.
ized, all of the stockholders of said
corporation preceded TO consider the
said propositions. and the following
resolutions were offered by Charles p.
Lincoln and seconded by c. B. Bos-
worth:
I WHEREAS, competent englneers
have estimated and duly certified tina.
The amount Of capital stock actually
required and asceriained TO be neces.
sary for constructing. euuipping. ope-.
atng and maintaining the railroads of
The Southern Pacific Railroad Comma.
ny, corporation created and existing
under and nv virtue Of tho laws NJ tn,
Territory OF New. Mexico. the Territory
OF Arizona and the State of California.
will be $l60.000,000 and II appears
and has been ascertained that tho
amount of its capital stock as fixed in
It's Articles Of Incorporation and Con.
solidatlon is less than Is actually re.
quired fer completing. operating and
maintaining such railroads. and
WHEREAS. Il Is deemed expedlert
that the capital stock OF said corpora.
ton should be increased to 100000
600, which amount will not exceed the
amount actually required for the pur.
poses Of the corporation, and that the
Articles of Incorporation and Consoli.
dalton should he amended according
ly; NOW THEREFORE BE TT
RESOLVED (D That the capital
stock Of the Southern Pacific Railroad
Company. a corporation created and
existing under and by virtue Of the
laws Of the Territory Of New Mexico,
the Territory Of Arizona and the State
Of California, be increased to $780,.
100000:
RESOLVED, (2) That Article vi
and Paragraph Third OF Article XII of
the Articles Of incorporation and Con.
solidatlon Of said Company be and
they are hereby amended so that the
same shall hereafter read as follows:
ARTICLE VI.
"The amour" Of the capital
stock Of said corporation shall be ono
hundred and s'vtv WILTON doi,a~e fstrn..
000000l, divided into one million six
hundred thousand (1,600000) shares IT
the mar value Of one hundred dollars
fs10Ol each. which said amount OF cap
tai stock does not exceed the amount
'"tnaliv renulred For 'he ru-~os Of
he said corporation and IL the amour.
actually required and ascertalned 20
'e necessary for constructing. complei.
ing, equlpping. operating and maintain.
ing It's road. and Is so estimated by
competent engineers. as will appear
bv the written estimate OF such engi-
neers, duly signed by them. and fled
I'm the ONCE and the principal place OF
business aforesaid Of said corpora
ton"
PARAGRAPH THIRD or. ARTICLE
XII.
"The number of directors OF said
consolidated corporation shall be elev.
en- (11) and the amount OF capital
stock OF said corporation shall be one
hundred and slvtv million dollars 1880.
900. O0Ol. which said amount of capltai