Ogden Evening Standard | 1910-10-26 | Page 5 | Company to Build Railroad to Alta

COMPANY TO BUILD RAILROAD TO ALTA V Line Is to Be Constructed Between F Sandy and the Mountain Min- i Ing Camp. t Salt Ivike, Oct. 2tV With the pur- t: po: of constructing a rallroal nno t between Sandy and Alia, the Alia & F Jordan Valley Railroad company yea- I terday filed articles of Incorporai Ion In the county clerk's office. V The new company Is capitalized a' i $2"0.0uo. divided Into preferred and V common ptock. as follows: lO.uoO r shares, preferred, at ?lo a share, and r 100.000 Khares. common, nt $1 per r share. The Incorporators of the com- , panv are: D. J. and M. A. Williams, f; r,7S Fifth avenue, and H. F and K. W. r, CummlDps, 293 Center treet. Salt U Lake. Tho purpo.o of the company is to construct a railroad between Sandy and Alta. a distance f sixteen miles. The amount of the pn-ferred utock an 1 9.1, OOii shares of the common stock. maklnp a total of JlSO.onfi Is deslgnat- 1 rd as treasury stock. The articles f Incorporation al jirovide that 7 per j cent of the net earnings hall be avaitablo for the payment of dividends on each share of the preferred stock-that stock-that may be sold from the treasury , Slock tho dividends not t.. exceed ;j S per cent of the par value of the frtork. ' Of the stock. 1 0 f02 shares are sub- ; scribed for. D. J Williams holdiu-; all but eight shares, which are distributed distribut-ed equally amonc other stockholders. 1 The officers are: M. F. Cutnnilngs. pros blent: W. F. Williams, oretary ?n treasurer; M. A. Williams. ke pros!- ; dent. ,