| Show AN ANNUAL UAL MEETING G WAS AS HELD TODAY Y Directors of Utah Light Pow Power er or Company in Sos Ses SasI I 1 sion ii WILL SPEND TWO MILLIONS New Car Barn Bam to Cost to toBe toBe toBe Be Added to Many Other Pro Proposed Proposed Proposed posed Improvements of or Company in Splendid 1 Con Comm Condition on ii I t Iou a financial li lie I I Shows Shone I Act lt ct Income ot oC it JI 11 18 The Utah Light Railway annual II I meeting IlIe wa held today todo The directors met lItel at it I t 10 a II III m tumid Ind nd ih th the old chit board 11 1111 of ot a us ae follows President nl Joseph Josoph h y p F Smith vice Ice president John It H Whaler second vice sice Ice president J H 8 Wells ella executive tx committee John It U Winder chairman Joseph Joeph S i Well WellI I S counsel 0 II II sel le Ie Oranti Voting Y pun general manager soil and secretary Robert Hobert 8 S Campbell ns assistant H seers ore tray Murray Shepherd treasurer tI L S Shills hills auditor George S The directors plans for tor tho the further and equipment and It II Was wan to erect a new and ande ann e t car 81 r barn to coil roMI at hit II I Seventh South Juth S and ind Third West W t Streets meets trel nn III the Mt clue of oC the he sims old oil Rapid Transit power A I Tt At the afternoon meeting of ot the stock stockholder holders holder Smith presented a II gratifying report showing the affaIrs of oC the company to 10 lie lee In the best ht pos condition coal and a nih with tIme the outlook Ing The Th report showed the gross aim eun aiming hog ing from rein all to be he 10 operating expenses tuRin flee 23 general expenses Inclusive of or damage claims settled BettiNI over oler 0 6 making H It total of ut open oper operating pr general und and maintenance 1445 7 91 Time The fixed charges s Interest and anit J taxes amount to tl It to which 1 may lilO bo ha added adderl a n loss 10 j und and gain account of oC 9 O The riot net Income was WilS re reported ported This was 1111 distributed as RI follows n of ot notes note W no 10 WO 00 contingent dividend ot of one per p r cent l of or property 11 14 The rIta net Income Is IB exclusive oC of for th this year oar In lii lieI con I equipment j Improvements nt which Aggregated Jin 1 Ti j for tor the year The expenditures for now 1101 equipment 1 were such a as were required by h the ne nl equities t of ot the th day dB to maintain the tle thet sYstem t m properly 30 FOR FIt n nhe The he presidents report aim 11 leo showed that lint in the th course of ot this the next two would be hilI expended In general Improvement and a nil In ill maintain maintaining lug ing the tIme high standard of ot excellence Which has always characterized the tIe administration |
