26 of 1914 - A resolution ratifying and confirming assignment by Salt Lake and Utah Railroad Company to Continent REMARKS:
Resolution No. 2IL
By Commissioner Morris. . .
Ratifying and confirming
assignment by Salt Lake & Utah
R.R.Co. of franchise granted
- to W. W. Armstrong, et al, and
incorporating franchise in Dee
of Trust. c3)
1/4 . 'N. streets P
READ AND ADOPTED
APR klr 1914
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CITY FZEC-IRDISR.
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ROLLCALL 12-10-100 LALKIESIOE PRIM ISO
VOTING Yes No Salt Lake City, Utan,.. \ h•-• -C. 191\k
Shearman V ..,
' I move that resolution W....1=V— by Mr.)9VrrN\A
Wells be adopted.
Lawreace
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Morris ,
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Mr.Chaim* . - _____
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Result
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RESOLUTIO N
Resolution ratifying and confirming the assignment by
the Salt Lake Utah Railroad Company to Continental and Commercial
Trust and Savings Bank of Chicago, Illinois , Trustee , of that cer-
tain franchise granted to W. W. Armstrong, et.al. by the Board of
Commissioners of Salt Lake City, on August 28th, 1912, and assigned
by said grantees on the 16th day of October, 1912, to the Salt Lake
w Utah Railroad Com-eany, such assignment having teen confirmed by
the Board of Commissioners of Salt Lake City, Utah, on November 4th,
1912.
'.T T REAS on the 28th day of August , 1912, by an Ordinance
passed that day, the Board of Commissioners of Salt Lake City, Utah,
granted to W. v'. Armstrong, \ . R. Wallace , A. J. Evans, D. R. Beebe,
J. L. Keeler, J. S. IJcBeth, and George E. whitmore , Trustees,, a fran-
chise to lay, construct and operate. a single, or double track, stAnd-
ard gauge , railroad over First est Street, from the southern bound-
ary of the City to the North side of North Temple Street , one of the
provisions of said Ordinances being that said franchise, or the rights
granted therein should not be assigned by the grantees therein with-
out the consent of the Board of Commissioners of said City; and
AiEEE xS , by a written assignment filed with the City Re-
corder on October 30, 1912 , signed by all of the grantees, said fran-
chise and the rights thereunder were assigned and transferred to the
Salt Lake &: Utah Railroad Company; and
;ITIEJE AS, the Board of Commissioners of Salt Lake City,
Utah, did on November 4th , 191s, ratify and confirm said assignment ;
and
',;13EREAS, the said Salt Lake N Utah Railroad Company is
now actively engaged in the construction of said railroad and is
about to issue bonds secured by a Deed of Trust given to Continental
and Commercial Trust and Savings =3ank of Chicago , Illinois , Trustee,
pledging its franchise and property for the payment of said bonds ;
211ELEFC..�E, be it resolved by the Board of Commis-
sioners of Salt Lake City, Utah, that the authority and right is
hereby given to the Salt Lake Utah Railroad Company to include
and Incorporate in said Deed of Trust the franchise and rights ob-
tained by it from. the City of Salt Lake , under and by virtue of the
enactments in this resolution above referred to .
The City of Salt Lake , by its Board of Commissioners
hereby authorizing, ratifying and confirming any such action upon
the part of the Salt Lake Utah Railroad Cor..pany, done and per-
formed for the purposes and under the conditions in this resolu-
tion above referred to. •
Passed by the Board of Commissioners upon this 6th
day of April,, A. J. 1914.
City Recorderdayor�