St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1912-05-15
STATE OF VERMONT.


TO ALL WHOM 1T NAY CONCERN:
WHEREAS. the Passumpsic Telephone Com
pany, acorporation organized under the laws
of the state Of Vermont, and engaged in the
mess in the counties OF Orleans. Caledonia
and Essex, in this state, has filed with this
Commission its petition setting forth that the
capital stock OF said corporation IN $500, 600,
divided into 1000 shares of common stock
q the par value q $500 each, and 5000
shares Of cumulative preferred stock of the
par value of $500 each; that said Corpor-
alton has outstanding at the present time
common stock to the amount Of $50, ST5,
divided into 6O35 shares of the par value of
$500 each, and "a, 900 of cumulative pre-
ferred stock divided into 5000 shares Of the
par value Of $500: that on May .. 1911, at
a meeting of the stockholders of said corpor-
alton. II was voted that the directors ofthis
corporation be authorized and empowered to
issue said preferred or common stock at par
for cash or in the purchase of property, as the
LIZ so u Lue SOssP tl"y IN tneiI judgment
may from time to time require. in all cases
subject the requirements of the state of
Vermont relative thereto, that in accord
ance with a vote Of its board Of direct ors
at duly called meeting on the 9Oth day of
April, 1912, and subject to the provisions of
section 16 Of chapter ZIG of the acts and r.
of Vermont for the year 1 90S, 1t has entered
into contract for the purchase Of the plant
and property owned by the Citizens Tele-
phone and Telegraph Exchange, a corpor-
alton organized under the laws of Vermont,
zens Telephone and Telegraph Exchange has
voted 70 sell its plant and property to
sand petitioner as aforesaid and that it is
necessary for said petitioner to issue add
itional stock for the purpose of raising funds
to purchase said plant and property, and that
said petitioners board Of directors at its
meeting held on the 30th day of April. 1912,
voted to issue 1850 shares of it's six per cent
cumulative preferred stock at par tor the pur-
pose of raising said funds. And said petit
toner prays that It may be permitted by this
Commission to issue in accordance with the
foregoing vote. 1850 shares of six per cent.
cumulative preferred stock of the par value of
$500 each, a total of SAL $50, such stock
60 be issued by said petitioner, at par. either
~. rights and franchises to be purchased by it
from said Citizens Telephone and Telegraph
Exchange, and that said stock may be issued
for the purpose of raising funds for the pay
ment of the purchase price of. said property
The proceeds Of the sale Of said stock 10 be
applied by said petitioner for the purpose
above named.
WHEREFORE it is ordered that said petit
ion be referred for hearing and decision there
on to a session of this Commission to be held
at the St. Johnsbury House, in the Village
of St. Johnsbury, in the town of st. Johns
bury, In the County of caledonia and State of
Vermont, on the oath day of May. 1912. at
nine O'Clock in the forenoon. and 1t Is further
ordered that notice thereof be given by pub
LEGATION of a copy of this order in the St.
Johnsbury Caledonian and the st. Johns
bury Republican. newspapers published at
Sc, Johnsbury aforesaid, in the issue Of each
of said newspapers, bearing the date of May
is, 1912; that all persons interested may
appear and show cause, if any they have,
why the PRAYER of said petition should not
Dated at Newport this 18th day Of May
1912.
BY order of the
PUBLIC SERVICE COMMISSION OF
THE STATE OF VERMONT
Attest:
RUFUS w. SPEAR.
Clerk.
hereby certify that the foregoing is a true
copy OF the original thereof on file in the Off
&C of the Public service Commission for the
State of Vermont.
Attest;
RUFUS w. SPEAR
Clerk