The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-02-06
IMMENSE REALTY
CONCERN FORMING
Will BE Largest Company of
Kind Between the Missouri
River and Coast.
INCORPORATION ARTICLES
WILL BE FILED SOON
Colonial Real Estate and IN
vestment Company Is the
Name; Capital, 100000.

Under the name Of the Colonial Real
Estate and Investment company. the
largest real estate concern between the
Missouri river and the Pacific coast will
be incorporated in Salt Lake this week.
The list OF stockholders in the new
company Will include 100 of the most
prominent and influential business men
Of the city and state, aud the com
pany will begin business with a capital
stock Of 100000
In organizing the company it was
decided 10 issue the stock in blocks of
$1,000 and that only 100 shareholders
would make up tho company. each hold.
ing . like amount Of stock. This plan
has resulted in making up the strongest
personnel of any corporation in the
state of Utah.
Stock Oversubscribed.
John q. Critchlow, A. Is. Irvine and
Sam 3. Porter have been prominent III
the organization of the company, and
ii was announced Saturday afternoon
that The stock had been oYcrsubscribcd
and the books had been closed for sub
scriptions. Articles of incorporation
will be filed Tuesday or "Wednesday Of
this week and, with 10 per cent of the
100000 capitalization paid III and tho
remainder 10 come in monthly Install
mcntS. the company will have its stock
fully paid in by the end Of tho year.
There viii be board of dirccotrs, of
which Fifteen of tho strongest business
men Of the city Will be members. and
. l..,
named hy the board as soon as the
company is incorporated, Temporary
officers OF the company who have agreed
to serve includc the following: John
G. DAILY. president and director; sam
:. Porter, first vice president and di
rector; Dir. w. f. Beer, second vice
president and director: l.. II. Farms
worth, director. aud John Q. Critchlow.
secretary and general manager. The
Il. p. Morris. George L. Merrill,
Frank j. Stephens. " W. Arm
strong. i, W. Houston. 4. a. Druehl,
f. W Kelley, A. H. EirreIl. Willard
Scowcroft. r. W, Dayues and Jacob
Evans. Among the others connected
with The company arc NJ. II. Walker,
George r. Odcll. G. W. Niblcy and sew
eral bank officials of Salt Lake and Og-
den.
WnaC Articles PROVIDE.
The articles of incorporation for the
company TO be filed this week will pro
vide that the concern eau engage in
general real estate business, buy and
sell property for lis own account and
for others, erect buildings for itself and
for others, carry on general fro IN
suranco business and act as agent or
trustee.
II IS probable that in the near fu-
lure the concern will also enter the
field rs banking and trust company
and the stockholders believe that the
concern is destined to be ono of the
largest corporations Of its kind in this
part of the country. The enthusiasm
shown by the business men Of the city
III organizing the company and in the
many offers to multiply their stock sub
scriptlons is taken as an indication of
the abiding faith in the future Of Salt
Lake and the corresponding growth of
real estate values.
1t was announced Saturday that this
company will continc its operations to
Sal. Lake City realty and in property
al Joining the city. One clause in the
articles of incorporation Will prevent
the company from dealing in mining
or industrial stocks for its own ac-
count