Gilpin observer., 1906-02-01

SUBSCRIPTION AND SYNDICATE CONTRACI
For the purpose of becoming a sub
scriber to the 1850 shares of the capita
stock of The Hall Construction Com
pany, above referred to, hereby sub
scribe and agree with The Hall Con
struction Company to pay for
shares of the capital stock of The Hal
Construction Company, at the par value
Of $1,000 each, fully paid and non-asses
sable, payment to be made in the follow
ing manner:
..'.... ........
payable to The International Trust Com.
pany of Denver, Colorado, Trusee, to be
held by it as trustee until the following
conditions have been fulfilled:
1st-Until the full sum of 5125, 900 has
been subscribed and paid in and depos-
tied with said International Trust Com
pany.
not been subscribed and paid in and de.
posted with said The international
Trust Company by July 1st, 1906, and a
certificate given by said Trust Company
that the funds have been SO paid in and
contracts let under bond for the build
ing of said line OF standard gauge rail-
way from Pactolus to Central City, Gill
pin County, Colorado, then this sub
scription becomes null and void, and
said sum of S.......is is to be returned
to me by said The International Trust
Company.
3rd-(a) For the purpose of protecting
the interests OF all stockholders of The
Hall Construction Company, that an ag
reement be and is entered into, that the
said stock of The Hall Construction
Company shall be issued to The Inter
national Trust Company as trustee, and
in its place shall be issued to the owners
OF said stock, trustees certificate,
showing the interest held by each. which
certificate shall be transferable.
(b) That the stock so deposited with
said Trust Company shall remain in its
hands for the period of five (5) years
from July 1st, 1906.
(c) That said International Trust Com
pany appoint three (:sJ men, to be known
as the voting syndicate, one of whom
shall be K. A. Hall, president of The Hall
Construction Company, the other two to
be approved by a majority of the sub
scribers representing the Sl25 900 of Hall
Construction stock herein referred to,
who shall vote the stock of The Hall
Construc ctiun Company at all stockhold-
ers' meetings during said period of five
(5) years.
In case of vacancy in the voting syn
dictate caused by death, the failure to
act, or any other reason, the same is to
be filled in the manner stated above.
(d) That at the expiration of five years,
said stock shall be issued to the owners,
and the trustees certificates be returned
and cancelled. The syndicate voting
agreement may be sooner dissolved by
the written consent Of two thirds of the
stockholders or subscribers in said The
Hall Construction Company, who have
paid their full subscription as above
stated.
4th--That SO much Of the stock now
outstanding, that can. be secured,
amounting to 5000 shares or $4,000, be
placed with the trustee. to be voted un-
der the same terms as the 12,5OO shares
above referred to.
5th-All stock sold in excess of l2,5OO
shares shall be voted under the same
syndicate agreement, as above men
toned.
6th-That when the full sum Of 1925.
600 has been received by The Interna-
tional Trust Company, and certificate
given by said Trust Company to each
subscriber that the full sum has been SO
paid in, then this subscription is to be-
come binding upon myself heirs, or as.
signs, and the said The international
Trust Company is authorized to pay the
said sum of $4,000 to the Contracting
Company from time to time as the same
may become due, according to the en-
gineers estimates and as provided for in
contract entered into between The Hall
Construction and the Contractors.
7th-This subscription is made in
triplicate: The original to be deposited
with the Trustee; the duplicate, with
The Hall Construction Company; and
the triplicate to be retained by me.