Thomson's manual of Pacific Northwest finance

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Monograph

Identifikator:: 1838857176

URN:: urn:nbn:de:zbw-retromon-229226

Document type:: Monograph

Title:: Thomson's manual of Pacific Northwest finance

Place of publication:: Seattle

Publisher:: Thomson's Statistical Service

Year of publication:: 1930

Scope:: XXX, 487 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section VI. Public utilities

Collection:: Economics Books

THOMSON'S MANUAL OREGON TERMINALS COMPANY GENERAL OFFICE: Portland, Ore. } HISTORY: Incorporated under laws of Oregon, April 22, 1927. PROPERTY: Company owns approximately 101 acres of waterfront and indus- trial property in Portland, Ore., on which in 1927 was built a steamship termin- al and 3 warehouses. Properties served by Union Pacific, Southern Pacific, Northern Pacific, Great Northern and Spokane, Portland & Seattle railroads. The first unit leased for 15 years from 1928 to Oceanic Terminals Co. at an annual rental of $175,000 . OFFICERS: J. O. Elrod, Pres.; J. H. Trimble, Vice Pres.; Jay Bowerman, Sec.- reas. . DIRECTORS: J. O. Elrod, J. H. Trimble, Jay Bowerman, C. O. Roemler, Waldo Miller, all of Portland, Ore. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Wed. in May. CAPITALIZATION Par Value Authorized Outstanding 7% Cum. Pref. Stock... cveeememme $100 $2,500,000 $2,200,000 Common Stock .. -...No Par 25,000 shs 25.000 shs FUNDED DEBT, As of Dec. 31, 1929 First Mortgage Sink. Fund Rate Dated Due Authorized Outstanding Gold Bonds, Series “A”... ..6%% 5-1-27 5-1-42 $1,500,000 $1,500,000 Interest Payable: May and Nov. 1, at Tax Status: Company pays normal trustee’s office. Federal income tax up to 2% and re- Trustee: TU. S. National Bank of funds Calif. personal property tax up Portland, Ore. to 5 mills. Registerable: As to principal. Security: First mortgage on 101 Denominations: Coupon $1,000 and acres of land and steamship terminal $500. and 3 warehouses on west bank of Wil- Callable: As a whole or in part by lamette River, Portland, Ore., appraised lot on any interest date on 30 days’ no- at $3,130,000, and further secured by tice at 103 for first 5 years; 102 for the pledge of lease. next 5 years, and 101 for the last 5 Additional Bonds: May be issued un- years. der mortgage only with consent of Sinking Fund: All rentals received Peirce, Fair & Co. to a par amount not under the terminal lease will be depos- to exceed 60% of the cost or fair value, ited monthly with trustee, who will de- of additional terminal facilities but in duct amount necessary to pay taxes and no event shall par value of additional insurance. Remainder will be used to ponds, plus those then outstanding, be pay interest and buy or call bonds for in excess of 50% of the value of all the retirement subject to establishing and property, including cost or fair value maintaining of permanent reserve fund. of that to be constructed, provided, 509% of all net rentals received in ex- however, that net earnings for 12 cess of the rental of $175,000 shall be months out of 14 months immediately paid annually to trustee for service of preceding issuance of bonds, shall be at these bonds. Any land sold under the least 13% times interest requirements mortgage may be released at 509% of on all bonds then outstanding under the sale price or a minimum payment this mortgage. Bonds may also be is- to the trustee of $15,000 an acre for any sued to refund bonds of a previous se- of the 68 acres east of railroad tracks, ries issued and outstanding. and $7,500 an acre for any of the 33 Offered by: Peirce, Fair & Co., Port- acres west of tracks land. Ore.. May. 1927, at 100. OREGON-WASHINGTON BRIDGE COMPANY GENERAL OFFICE: Security Bank Bldg. Olympia, Wash. HISTORY: Incorporated under laws of Washington, January, 1923. BUSINESS: Operating and owning toll bridge over Columbia river between Hood River, Ore., and White Salmon, Wash. PROPERTY: Bridge 4.400 feet long. 11 concrete piers, 10 steel spans and timber approaches. OFFICERS: Ebert M. Chandler, Pres. & Treas.; Hilmar Papst, Vice Pres.; H. C. Flagg, Sec’'y; H. I. Haycox, Asst. Sec'y. DIRECTORS: Paul C. Harper and J. A. McEachern, Seattle, Wash.; Ebert M Chandler, Olympia, Wash.; D. C. Henny. Portland, Ore.; Leslie Butler and E. O Blanchard, Hood River, Ore. GENERAL COUNSEL: Cleland & Clifford, Olympia. GENERAL AUDITORS: Lybrand, Ross Bros. & Montgomery. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Tues. in July Number of Employes: Regularly, 6. CAPITALIZATION: Par Value 1. 7% Cum. Pref. StocK.uoooceeeceeeeeeeee. $100 92 Common Stock 3100 Outstanding $175,000 ¢925 000

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