Show AGREE TO THE I N OLIDA TION t I Utah Uth ier Co Stock I j jI I i t i j PLANS PLAINS FOR FR THE HE UNION I 4 I I IW W Y C COANt COANtA HAS lA A ITS CDS t GING TODAY I T I Ii I Stockholder ef fit e tie the th Utah ft I Ir amr r company mt m t yesterday in the compans office sad and ad authorized a con ron of the company campany pany with the theCo Co 1 Power Por corn com company ompa pany pa J The be sl Ill IT of the street rail fray will Ill meet today for forthe forthe I Ithe the same m pu i to ew plan pla as outlined h y 4 is Ie to be in t to I d the Utah Light LightA 1 A at Railway company COllI This corporation to tit to acquire all 11 y and rights of oft th t other twi t Jt a t wilt have hare a monopoly of the he at U M peM re i nd street railway b Tn m In St V s and aDd of the light ht and power business buess in Ogden The cap capital hal ital is 1 tobe to be Mt of ot which Is 1 to be ensign i tor or r stock in the present the remaining 4 4 to BE t laid ol I l tor improvements of the stock ff f the new flew is to to be b referred preferred and one third n nr r Th e ll C jack k is 18 to be 00 made share for share are In th case cue of each of the present pre eat eo The Consoli Consolidated I dated Railway er r company has of o its cap ap capital capital apIta ital Ita all an Mock ock The Utah LIght Power Powe company scaled down its Hs capitalisation Boat about three years year ago It row has hall an capital capita of 3 3 i of which is issued Of this is i 8 S per cent tive preferred stock to k and ie tE tEI I c Ct stock Light Company Pays Dividends I For two years yearn yea the company has been I paying P ng 1 per cent ceat on its preferred stock The street str et t railway company has ba banever never paid a dividend According to the terms term of the deal however the street str railway shareholders will lU go in inon I Ion on oil an aa equal heals basis with the power com corn company paw pany Three shares of common stock tock in 1 I the tM street railway company welt call u for tot two twe shares IM of pre pee Neer preferred er and nd d one o e share oC o common ip In i the B i hew w company The e preferred pr stock to kIf is isto isto to b the Uj in itt dividends UD IL 11 to 8 S per ps c c bt t c and andin aa in Ie to have Jaae up to par per in tIa case cue of ou S There are to be nine directors Three wm m r the e N ew w York Y tk and Eng lish 11 interests ta in U the power po company three will wilt ri represent the local interests In t tIk Ik ID Jr the company co and nd three will be chosen by 1 y A W the street railway co 1 It is 18 1 understood that W E g and L 1 I S HUla Hills win will be two tO of orthe the three py by b the New Hew York and EIsh B interests b Pies Pres President ident Iden Joseph P F and ana President Predent John R Winder will represent rep nt the for Mor formon 01 mon mott elwie ta te hi the tite jower com coat company peal pany y and J Joseph ph Wells nd W Pi e m Ii Read Bead win will tap at The Th names of ot the other throe three have Aae not yet yeC C been announced a The Thi power directors will meet today todar to select elect their thur represents representation tion Jon on the new n w beard The meeting m of ot the nae stockholders yesterday was wan ad Rd adjourned LAtin Cram tr m Dec Dee 14 and aad later from Dee Dec 16 11 |