OCR Text |
Show -2- and transfer to him of such full paid stock, to sell, assign, set over and transfer to said Company all the cash, property, contracts and rights, mentioned in said agreement of Feb. 19, 1896, and said Declaration of Trust, or which he has or may be entitled to thereunder, and Whereas, The California Development Company, by authority of Resolutions adopted at its stockholders meeting of April 25th, 1896, and by authority of Resolutions of its Board of Directors, adopted April 25, 1896, has authorized its President and officers to receive from said Philip Van Volkenburgh, Trustee as aforesaid, a subscription to the capital stock of said Company to the par value of $1,000,000 and to receive and accept in full payment of said subscription, and in full payment of said stock, a transfer and assignment of all the property rights, contracts and money, held by said Philip Van Volkenburgh, as Trustee, under said agreement and Declaration of Trust of Febry. 19, 1896, and to issue to the latter as such Trustee, said $1,000,000 of capital stock, as full paid stock of said California Development Company, in consideration for such transfer and assignment, and said Philip Van Volkenburgh, as such Trustee, having subscribed for such $1,000,000 of capital stock, and such subscription having been accepted, and full paid capital stock, to the par value of One Million Dollars ($1,000,000) of the California Development Company having been simultaneously with the execution of these presents issued and transferred to said Philip Van Volkenburgh, as Trustee, and Certificates therefor having been properly executed and delivered, Now, Therefore, Philip Van Volkenburgh, of New York, Trustee under said agreement of Feby. 19, 1896, |
Source |
Original book: [State of Arizona, complainant v. State of California, Palo Verde Irrigation District, Coachella Valley County Water District, Metropolitan Water District of Southern California, City of Los Angeles, California, City of San Diego, California, and County of San Diego, California, defendants, United States of America, State of Nevada, State of New Mexico, State of Utah, interveners] : California exhibits. |