Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-05-02
STOCKHOLDERS UNANIMOUS.
Meetings 81 Stockholders Of Old Con.
Germs Were Held This
Morning.
MILLION STOCK IN TREASURY,
II VIII be Issued to Stockholders as
Money Is Needed $500, 600 Dur.
log This Month.

The two sugar companies known az
the Idaho Sugar company ana tho Ere.
mont County sugar company went gu,
OF existence this morning, both belng
merged into q new corporation known
aa The Idaho SUGAR company.
The consolidation Was effected a.
meetings Of the stockholders N both
the old compnnlca held IN the Desorot
News annex this morning, ana Attorney
Richard W. Young later nlcd with the
county clerk articles Of the new core
pomilon which In capitalized for 49,.
OOoo0o, paying tho secretary Of state
the necessary Zee Of $3.50 required by
laW.
The meetings Of the stockholders were
largely attended, Al the Idaho sugar
companys meeting, held FIRST, the total
number of shares represented was Assn
out ~ 100000, At the moclng of tho
Fremont county Sugar company which
Followed NLbg shares We're roplopontpl
out Of the 100000 total, both the cid
companies having been capitalized M
SLOOOuOO Thos. r., cutler was elected
'hulrmun, ana Horace q, Whitney see.
itlaty of both meetings. MIR, Cutler
lllhuo q verbal statement OF the reasons
lho consolidation ut the two companies
was advisable, The questions woro
llllly ana humunluutly discussed Inv
llose present. ana the unanimous yotr
or Hll tho stock represented WAS cast
M favor Of the constellation
Iho new articles oi incorporation arc
signed by John r. Wlndor John Henry
Nmllh, ana John g. cutler who rrril.
w Wlder oath that they are aCquanl.
ed WIN the properties OF Cnrh of tho
consolidated corporations, ana ihnt ma
properties are worth In cash the amount
Tor which they have been accepted by
me consolidation, namely t20O0OOO,
me articles also Rct forth that Of
the s3OOOOOO capital, s. 600, 900 shall b.
issued share FOR share to the ntock-
holders ~ The two old companies and
mat SlOOO.000 shan be- hold I'm the lrcns-
ury To he disposed Of under the dhoc.
ton Of tho board OF directors as Tho
proceeds may bo needed In the conduct
OF the business II was slntod az the
meeting that 100000 " this Treasury
stock win BE offered at par TO stock
holders within the next 10 on 20 days.
Tho articles OF Incorporation also fully
N'''l ''' Wv punt ItNl rNtutr, etc, on
the two factories located IN Idaho
The new board uf directors In com.
posed OF Jos, r. Smith, John II. Wndor,
Thos r. cutler ", $, Mccormick, IIor,
ace q, whitney John Henry Smith,
John c. cutler :, Hansen and Geo, &,
Parkinson, Jos r., Smith ls named as
PRESIDENT Thos II, cutler vlce,presi
dent ana general manager and Hornco
O. whitney secretary and treasurer,
These olllcors are to servo untl tho
noNl election which occurs April 10,
1905 Al stockholders In the old com.
ponlos WoW requested lo hand IN their
coIililoaios ana receive new Shares an
soon Us possible.
Manager cutler informed the stock.
holders NJ The meeting that the ncrc-
abo planted for the coming scason
amounted To 5000 for che Fremont
County sugar company ana over 1000
for the Idaho sugar company, and lhnt
IT the usual results were obtained, both
factories would be taxed 10 their cam.
city llo also announced that tho Stef,
l,nH process would be- installed nt the
Fremont county plant ana by This Ii
was expected That a much larger pro.
portion Of sugar could ho extracted
from the boots than had boon hitherto
duup