OCR Text |
Show -7- to them may seem necessary, and to cause to be pledged the Company's credit, and to cause to be executed and delivered for such loan or loans such Company obligations as may be deemed suitable, and to cause to be executed and delivered to secure such loans or obligations, mortgages or deeds of trust upon all, or any of the Company's property, lands or franchises." And Whereas, the stockholders of the Company, at the annual meeting held in Jersey City, New Jersey, upon the 5th, day of June 1900, unanimously adopted the following resolution: "Resolved: That the Board of Directors are hereby authorized at any time and from time to time, to borrow such sums of money, not exceeding the sum of five thousand dollars, for the benefit of the Company as to them may seem necessary, and to cause to be pledged the Company's credit, and to cause to be executed and delivered, for such loan or loans, such Company obligations as may be deemed suitable, and to secure the same the stockholders hereby consent to the execution of Mortgages or Deeds of Trust upon all or any part of the Company's property, land or franchises." And Whereas, the directors of the Company, acting as a Board of Directors at a regular meeting of said Board, duly called and assembled, held at the office of the Company, in the Stowell Block in the City of Los Angeles, California on the 7th, day of August, 1900, in the execution of and in pursuance of the power and authority so given as aforesaid, for the purpose of creating said bonded indebtedness, did adopt the following resolutions: "Resolved: That bonds to the amount of Five Hundred Thousand ($500,000) Dollars, be issued by this Corporation, as follows, namely: 375 bonds for the sum |
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. |