Show UNION LIGHT AND the giant combination of alie wasatch includes the pioneer company the salt lake electric light co bier and little cottonwood Coit onwood power companies ond others capitalized at the union light and power articles of incorporation were made ready to file yesterday in salt lake the articles are to be filed under bec eec tiona 2267 to section 2293 of the compiled laws of utah 1888 the corpora lion ie organized organised sed in salt lake city utah and is to be named the union light and power company the following parties have subscribed stock in the corporation george Q cannon trustee george Q cannon 2689 wilford woodruff 2631 joseph F smith 2689 wilbord woodruff trustee A U woodruff john R winder 1125 all the above being residents af salt lake city bannister 1790 frank J cannon 2908 and F D richards all of ogden le grande young salt lake city R S campbell Oam salt lake city don maguire ogden R S carobel Ca mobel trustee W J curlis new yorla 10 L S hills salt lake abos G webber salt lake 1 R F hayward salt lake city 10 1 francis D john W donnellan salt lake city rowe ogden R jones salt lake city t the remainder are of salt like city J W Suin gaorge M cannon gaorge M cannon robert morris hannah rowe john M cannon george Q cannon trustee georee F downey george ataylor JT aylor andrew C brixen 14 and alice B jones the corporation is to exist fifty beare from dale of filing articles the pursuit and general the company is to utilize streams of water for deriving power production of electricity and fiebing of power light and beat to control plants and waterworks water works to store water for irrigation to buy and beell reel and personal pe property prop eity the principal place ot business ahall be salt lake city though branch offices may be esta blis bed the capital eatock of the company shall be divided into shares at the par value of each the officers ahall consist of a president airet vice president second vice president treasurer secretary and a board of nine directors the qualifications of an officer ceball be that he own and hold at least one share of the capital stock the term of office cf director ceball be ten years that of the other officers one year an officer may be removed from office by a two thirds vote of the stockholders after two weeks notice to stockholders with statement of charges within ten days after incorporation and yearly thereafter on the second monday in july until july 1897 the ioard of directors shall meet and elect a president and vice presidents from number and a secretary and treasurer from the stockholders bacan ies of the board ahall be filled by vote if remaining members there ahall be two kinds of capital stock preferred and common both 11 have equal rights in voting in stockholders the preferred hall consist of shares and ahall be ai titled to a preference of eight per cent annum of its par value cumulative bat is if dividends all below eight per int one year the amount in default lall be paid with the next dividend if ie corporation is discounting the pre atchi shall be paid to par from sects ot the company before the corn ion eatock receives anything the corn ion stock consists of shares it shall receive dividends of the surplus profits bat not until the preferred stock has received eight per cent per annum all stock not already subscribed may be sold by directors the directors of tle corporation shall have power to issue bonds and secure them by mortero morte ao or lien on the corn banys property they are authorized to make all necessary contracts and purchases of every kind special meetings of the board of directors can be called by the president A member if absent may cast his vote by proxy or any matter before submitted to him five of the entire board shall a quo ram the private and individual property fie arhe stockholders ahall not be the debts and obligations of ane corporation the stock of the company is paid to par by to it the property ol 01 the pioneer electric power the six inch wrought pipe used to convey natural aae broto lake shore in davia county to the county lines be taren county and salt lake county the property held in the name of the salt lake city electrio light company of salt lake city utah the little cottonwood water power owned by the cottonwood water power and electric company limited the property of the bg cottonwood power company the granite paper mill site mill B electric Eles water eite situated in big cot canyon the property ot the winter water power company located in big cottonwood the Summer bays water power location and all water rights in big cottonwood canyon and other real estate and property the estimated value of which with the above named property ie |