The Winslow mail., 1914-07-18

Also to take, hClf, own and sell or ObHeIWlse
dispose Of all lands and property which 1t may
acquire by gift, grant a subsidy or other
WISE from any
Also, to lawfully acquire by purchase or other
wise and hold and own, the capital stock or
securities, any part OF the capital stock or
securities of this, or any other railroad corpor-
alton corporations.
ARTICLE VI.-The length of the railroad proposed
to be constructed, owned and operated by this
corporation, including the branches, is as nearly,
as can be estimated two thousand one hundred
and twenty-one miles (2121) and the estimated
of constructing and equipping the same Is
One Hundred and Six Million Five Hundred Thoa-
sand Dollars ($l06, 500 000. 00).
ARTICLE VII.-The general place of business
of this corporation and the place where the
meetings of the stockholders shall be held, shall
be Salt Lake City in the County of Salt Lake,
in the State of Utah, but the corporation may
have offices elsewhere, which meetings of the
board of directors may be held, and such OF Its
business may be carried shall be deter
mined by its board of directors.
ARTICLE YIU.-Eaoh party to this agreement
has subscribed for and agreed to take the amount
number of shares Of the capital stock OF this
corporation against his name, and to pay for
the in cash in property, or in cash
and property, TO be acquired by the corporation
follows:
DAVID c. COLLIER, shares, amount $780,
cash $500
HERBERT. A PARKYN, 21, 900 shares. amount
81, 100 600, cash 81, $50 600, property $210,000
HERBERT A PARKYN, $40 shares, amount
$97 900, property $97, 0o0
SAMUEL S SHERMAN, shares, amount $780,
cash $500
CHARLES C. CARNAHAN, shares, amount
$500, cash $500.
AUGUST H. BUNGE. 5 shares amount $780,
cash $780,
ED FLETCHER shares amount $780, cash
$500.
JOHN E cARNAHAN, shares, amount $780,
cash $500.
HENRY B. RErTIE, share, amount sloO.
THOMAS MARLoNEAUX. / share, amount $780,
cash 500.
and the property to be acquired by this
p0ration in consideration of, and by virtue of the
above and foregoing subscription of Herbert A.
Parkyn for nine hundred and seventy (970)
shares Of said capital stock fully paid and in
further payment of two hundred and ten thou
sand dollars ($210 000) account of the sub
scription of Herbert A. Parkyn for twenty -one
thousand (21 000) shares of said capital stock,
surveys and maps of the lines of said proposed
railroad, and reports and data, containing de-
tailed information concerning the territory through
which said main lines and branch lines Will
rum and the resources of said territory which
reports, data and information are necessary to
the carrying of the business of this corpor-
alton. The said property to be acquired by
this corporation, and hereinbefore described is
of the fair cash value of Three Hundred Seven
Thousand Dollars ($3O7 O0O), the to be as
signed, transferred and conveyed to this corpor-
alton in consideration of the issuance and de-
livery by it of the nine hundred and fseventy
(970) shares of the fully paid capital stock above
subscribed IOf Dy lne SAID herbert "A. HdFkyH,
to be paid by property, and credit of two
hundred and ten thousand dollars (S210, ,000) by
this corporation on the above subscription of the
said Herbert A. Parkyn for twenty-one thousand
III, 000) shares of the capital stock of this cor
poraton.
The amount of the capital stock of this cor
poraton shall be two million two hundred thou
sand dollars (2,200 000) which shall be divided
into and represented by $4,000 shares of the par
value of One Hundred Dollars ($100 OO) each
ARTICLE IX-Fhe Officers OF this corporation
shall consist Of board of nine directors, a
President, First Vice President, Second Vice
President a General Counsel, a Secretary and a
Treasurer.
All the directors shall be stockholders of the
corporation and the President and Vice Presidents
shall be members of the Board of Directors The
Secretary and Treasurer and General Counsel may
be elected from the Board of Directors not,
the Board may determine, and the offices of
Secretary and Treasurer may be held by and
the person Five Directors shall constitute
a quorum of the Board of Directors for the
transaction of business, and shall when properly
assembled, be authorized and empowered to use
and exercise all of the corporate powers Of this
corporation.
There shall be a general meeting of the
stockholders of this corporation held the first
Wednesday after the first Tuesday in the month
of June in each year hereafter at such time and
at such place in the City of Salt Lake, in the
County of Salt Lake and State of Utah, the
Board of Directors may, in the bylaws to be
adopted by them, fix and determine, at which
general meetings the board of directors for the
ensuing year shall be elected by ballot and such
other business may be transacted may prop
erly come before the said meeting Immediately
after the election of the board of directors the
Secretary of the meeting shall notify the direct
ors of their election, and within thirty days
| thereafter, they shall meet and organize as
board and shall elect the officers of the corpor-
atio.l hereinbefore provided for.
The board of directors elected at such annual
meeting and all other officers above named, shall
hold office for the term of one year, and until
tbair oil fod
/ removed hereinafter provided.
The board of directors shall have power to
manage and control the business and affairs oi
the corporation, to make, exercise and issue
bonds and obligations for the payment of money
and to secure the same by mortgage, lien OF
pledge all any portion of the corporaton's
property acquired, to be acquired to appoint
an assistant secretary and assistant treasurer
to incur all Indebtedness and make all contracts
necessary and proper to carry into effect the
objects and purpose of the corporation, and tc
adopt and change such by laws not inconsistent
with the laws of the State of Utah, they may
deem proper for the management of the affairs
of the corporation, and generally to exercise all
powers conferred upon boards of directors Of
railroad corporations by the laws of the State Of
Utah
A director or other officer of this corporation
may be removed from office may be provided
in the bylaws, and II not so provided, then as
is provided by the Statutes OF the State of Utah
and either any of said officers or directors
may resign by filing written resignation with
the secretary of the corporation five days before
the same is to take effect, but the board may
accept such resignation shorter notice
Vacancies in the Board of Directors, caused
by removal by vote of the stockholders, may
be filled by a of a majority of the stock
represented at the meeting when the removal i:
made all other vacancies, whether caused by
resignation, removal death disability Of d.
rectors or officers, may be filled by the Board
of Directors
The following named persons shall be officers
Of Tbi II until t6a fiYatr
eral election for directors, and until their sue
cess1rs are elected and qualified:
DAVID C. COLLIER, President and Director.
HERBERT A PARKYN, First Vice President
4 and Director.
J AUGUST H BUNGE, Second Vice President
and Director
CHARLES c. CARNAHAN.. General Counse
and Director
| SAMUEL s SHERMAN, Secretary and Treas
County precinct committeeman
w IT PGOM