OCR Text |
Show $25,000,009 HiCRTCAGE FILED FOR RECORD East, week ti mort khitc! of twenty -five million tlollars was file 1 for record with County Recorder A. G. JewUes. The document, an adjustment mortnae;e, is issue 1 by the Denver and Rio Grande, to the New York Trust company, trus-i trus-i tees, and is dated May 1, I'.HL', and b- -GJ'iies due Ajiril 1, The recorder's j fee for the transaction amounts to a-; a-; bout a hundred tin 1 fifty dollars, j The m rt n-e is in printed form and J comprises a hook of two hundred and j twenty pae;es, on which are printed j 78. lit 0 words. A preamble of about j four hundred words .jives the reasons j for the ix't-ution of the mortgage. It points out that the Uenvtr and R'o Grande is a corporation organized under the laws of Colorado and Utah and o-.vn-i railroads in these two states and in N v Mexico. The history of all the debt-; of this company and the Western Pacific and of the exact financial standing stand-ing of them now is Riven, and so also is the relation in which the two roads stand. The real reas m for the new mo rtpajje is that the company wishes to provide for the making of improvements and extensions of its railways and other p operties and for the purchase of ad-. ditional properties necessary tor com-plet'ng, com-plet'ng, finishing, improving, equipping equipp-ing and operating the railways. Eor this purpose, the preamble, states, the company proposes to borru.v the money an 1 the railroad coup my has decided to is-tui it-7 j tr cen cu : u' .tive ad- jil -t.metit morttrairc K"lt-1 l'n'!s limiU-d to the ) M-inci p.-i 1 ttiiiount of twenty-f ivu nullion dollars at any one time outstand- . iiiR and to securt-'this by the mortp;ao;e j as in the foreiroinp; Kt.-ttL-mi.-nt. j It is believud that seven millions five huntlretl th-msand dollars of this money is to be available at once for redueinp; I he Rrade over Soldier Rumniit and in double track work from Mounds and IVice to Salt Lake City. |