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Show TRANSIT COMPANY FILES MORTGAGE Electric Railway Concern Proposes To Issue $2,000,000 of Twenty Year, Six Per Cent Bonds Tho Logan Ilapld Transit company has filed with tho county recorder n mortgage or deed of trust given to Tho Ogden Savings Dank for tho purpose of securing the payment of $2000,000 bonds. Tho bonds to bo 4000 In a number, numbcrod consecutively consec-utively from 1 to 4000 and being In denominations of $500 each, all pay-ablo pay-ablo In 20 years from January 1, 1913, bearing Interest at six por cent payablo semi annually. Tho Instrument was given upon a resolution passed at a mooting of tho stockholders of tho company held in October to tho effect that as tho company com-pany is extending Its Bystom and contemplates furthor extensions will necessarily need a largo amount of monoy. For tho purpose, of securing tho payment ot tho bonds tho officers of tho company wero authorized to oxocuto tho mortgago, or deed of trust, conveying to Tho Ogden Savings Sav-ings Bank all tho proporty including rights of way and track, both presently pres-ently owned or that may bo acquired In the future. Tho document Is signed sign-ed by Ilobert Andorson, vlco president presi-dent and Jos. Qulnnoy Jr, secretary of the company, also Chas II. Barton cashier of The Ogden Savings Bank. |