Show two new loads incorporated VALLEY where it will R un salt lake haily and sound EE ano sevier railway company filed articles of association yesterday with territorial auditor pratt the corporation existence is fifty years and alie corporation is formed to build and maintain lines of railroads and own and control rights of ways coal and timber lands quarles qu aries telephone and telegraph lines etc in connection with said lines of railroad the line of the mad is as fillias filli ws at manti sanpete county at the rio grande western terminus it runs south westerly down sanpete valley into sevier valley to near salina in sevier conaty thence continuing in a generally south direction in or near the valley of the sevier river and by the route found most practicable by survey through sevier county and thence southerly in said valley vale in county continue ing in a general southerly direction in diute piute county and in or near the valley of the sevier river and by the route found most practicable by to circle vailey in said county of diute piute thence continuing southwesterly in savier valley and over fremont pass and to and into carowan parowan and southerly to or near the town of paro wan in iron county also a branch of biye miles from benr salina southeasterly to the gypsum beds a branch from near the line between sevier and diute piute coun ties of twenty five miles westerly to clear creek mines and spurs branches from near marysvale Marys vale to mines in that vicinity not to exceed twenty miles in length the length of the maan line manti to carowan parowan and the spurs named being miles as nearly as alio same can be estimated secondly A branch line connecting with the main line near salina and running generally southeasterly up salina empry county lines and thence in a general north eastly direct anin emery county through castle villey v illey to the eio grande western between price and Green River lations sat ions this line being miles the capital stock is in shares of per share of this shall be common stock and preferred capital stock the entire capital stock both common and preferred may be issued by the board of directors and the proceeds used for any lawful purpose the preferred capital stock shall be entitled to over the common stock and shall be paid a dividend out of the income applicable to dividends to stockholders of 6 per cent per annum payable annually cr seni annually or quarterly and the common stock shall not be entitled to a dividend until the preferred dividend ia paid the preferred dividend may be cumulative or cumulative non that is the revenue of any subsequent year or deais may or may not be applied to meet deficiencies in the preferred dividends of any prior year or baars before the stock ia issued or may at any time afterward be determined after the payment of preferred dividends the common clock shall be entitled to an annual non dividend of 6 per cent and afterward the common and preferred stock shall share equally in dividends from any remaining revenue applicable to dividends nothing in this article shall be construed to give the preferred stock an equality with or preference over mortgage bonds or interest in bonds or sinking fund obligations of alie company over any debts or obligations of any kind but only a preference over common stock and m respect to income property distributable to stockholders the actual cost of construction including everything ia estimated at per mile and for the whole bength of said railroads the are david G dodge A E welby william F cotton george goss and robert harkness Har knese the shareholders aie robert harkness D 0 dodge theron gedden A E P G fennelly thomas marioneaux Maron eaux berneat A greenwood C W bennett W F colton george goss all of salt lake one share each D 0 dodge as trustee shares tribune |