Show bid MO W HEWED tf 4 1100 A money for ilor improvements friday of last a mortgage of twenty five tive million dollars was tiled filed for record with county recorder gwllym jones at price the document an adjustment mortgage id is issued by the denver and rio grando to tho now york trust company trustees and Is dated may 1 1912 and becomes duo due april I 1 1932 the recorders tee fee tor for the transaction amounts to about a hundred and fifty dollars the mortgage Is in printed form and comprises a took of two hundred and twenty pages on which are printed words A preamble of about four hundred words gives the reasons for the execution of 0 the mor mortgage tago it point points out that th ahw denver and rio grand arando Is s a corporation ked ed dundei the laws of colorado and utah and cwi tny railroads in these two states I 1 and in new mexico the history of I 1 all the debts debt ta of tats company and western pacific and of the exact financial standing of them now Is given and so also Is to the relation in which the two roads stand the rwal real reason for the new mortgage 1 in that the company wishes to I 1 lovide for tho the making of improvements prove ments and extensions exten alona of its railways and other properties and for the purchase of additional prop artles necessary for completing finishing improving equipping and op the railways for purpose pa the preamble et sl tes tee the cam wi alny propose proposes to borrow the looney and tb railroad company has decided to issue its 7 per c cent 0 at cum clatl 0 adjustment mortgage v se gold bondi united limited to the principal amount of twenty five million dollars at any one time outstanding and to secure this by the mortgage as in the foregoing statement it Is believed that seven million millions five hundred thousand dollars of this money Is to bo be available at once for reducing the grade ove oaf soldier summit and in double rack work from mounds and price to salt lake city |