The Winslow mail., 1914-08-08
The WIN SLOW MAIL


carrying on the business of this corporation.
Also to take. hold. sell otherwise
| dispose Of all lands and property which 1t may
! acquire by gift, grant subsidy other
! WISE from any
Also, to lawfully acquire by purchase other
WISE and hold and own, the capital stock or
! securities, or any part Of the capital stock or
securities of this, or any other railroad eoTpor-
| alton or corporations.
ARTICLE VI-The length of the railroad proposed
! to be constructed, owned and operated by this
corporation, including the branches, is nearly,
as can be estimated, two thousand one hundred
! and twenty miles (2121), and the estimated
cost of constructing and equpping the same Is
One Hundred and Six Million Five Hundred Thou
sand Dollars (s106, 500, ,000. 00).
ARTICLE V1.-The general place of business
of this corporation, and the place where the
be at Salt Lake City In the County Of Salt Lake.
| in the State of Utah. but the corporation may
i have offices elsewhere, at 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 VIIL-Each party to this agreement
has subscribed for and agreed to take the amount
and number OF shares Of the capital stock OF this
corporation set against his name, and to pay for
! the same in cash in property or in cash
and property, to be acquired by the corporation
as follows
DAVID c. COLLIER s shares amount $500,
! cash $500.
! HERBERT. A. PARKYN, $1,000 shares. amount
$2 100 coo, cash ST. $780, coo, property $40, 900.
HERBERT A. PARKYN, $40 shares, amount
$97 900, property S97, ,000
SAMUEL S. SHERMAN. shares amount $500.
! cash $500.
! CHARLES c. CARNAHAN, < shares amount
! $500, cash $500
AUGUST H. BUNGE, shares. amount $500,
cash $500.
ED FLETCHER S shares amount $780, cash
$500.
JOHN E. CARNAHAN. shares, amount $500.
cash $500.
HENRY B RETTIE, / share, amount $500,
, cash 500.
THOMAS MARLoNEAUx. share, amount 500,
cash 500.
and the property to be acquired by this cor
p2ration in consideration of, and by virtue of the
above foregoing subscription of Herbert A.
Parkyn for nine hundred and seventy (s7o)
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
scr1ption of Herbert A. Parkyn for twenty -one
thousand (21000) shares of said capital stock are
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
run, and the resources of said territory which
reports data and information necessary to
the carrying on 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 ($307, 000), the same 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 seventy
(91O) shares OF the fully paid capital stock above
i subscribed for by the said Herbert A. Parkyn
to be paid by property, and credit of two
hundred and ten thousand dollars ($21O. .O0O) by
this corporation on the above subscription of the
said Herbert A. Parkyn for twenty-one thousand
(21,OGO shares of the capital stock of this
poration.
The amount of the capital stock of this cor
poration shall be two million tive hundred thou
sand dollars (2,200 O0O) which shall be divided
Into and represented by % 900 shares of the par
value of One Hundred Dollars Oo) each.
ARTICLE IX.-The officers of this corporation
shall consist of board of nine directors,
President. First Vice President a Second Vice
President General Counsel, Secretary and
Treasurer.
All the directors shall be stockholders of the
corporation and the President aud 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,
as the Board may determine, and the offices Of
Secretary and Treasurer may bo held by one and
the same 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 uss
and exercise all of the corporate powers of this
corporation.
There shall be 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, as 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 as 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-
atioL herelnbefore provided for.
The board of directors elected at such annual
meeting, and all other officers above named shall
hold office for the term Of year. and until
their successors are elected and qualified unless
removed as hereinafter provided
The board of directors shall have power to
manage and control the business and affairs of
the corporation, to make exercise and issue
bonds and obligations for the payment of money
and to secure the same by mortgage, lien or
pledge on all or any portion of the corporations
property, acquired, or 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 to
adopt and change such bylaws not inconsistent
with the laws of the State of Utah. as 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.
director other officer of this corporation
may be removed from office as may be provided
in the by-lawS, and II not so provided, then as
}s provided by the Statutes of the State of Utah
and either or any Of said officers or directors
may resign by filing a written resignation with
the secretar! 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 a vote of the stockholders may
be filled by vote of a majority OF the stock
represented at thes meeting when the removal is
made; all other vacancies. whether caused by
resignation, removal death or disability of d.
rectors officers may be filled by the Board
Of Directors.
The following named persons shall be officers
of this corporation, to until the first gen
eral election for directors and until their sue
cessors elected and qualified
DAVID c. COLLIER. President and Director.
HERBERT A PARKYN, First Vice President |
and Director.
AUGUST H. BUNGE, Second Vice President |
and Director
CHARLES c. CARNAHAN, General Counsel |
aud Director.
SAMUEL s. SHERMAN, secrstsy and Treas !