Thomson's manual of Pacific Northwest finance

Bibliographic data

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

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section VI. Public utilities

Collection:: Economics Books

PUBLIC UTILTT LIABILITIE Common Stock Preferred Stock . . Funded Debt ..... pm mm Bills Payable ........ er ememmeeeeocemeaeeannas Accounts Payable . ee meeeeeeemmeeeeeeenenaeeonas Accrued Liabilities ....... EYES reams m AEA Sn Reserve for Depreciation... Surplus ... tema tnameane. a ee 4.400,000 1 300,000 74,000 7,000 £023 C4 Ny r Lo i 19,4:1v TOTAL LIABILITIFS ..... FUNDED PEBT, As of Dec. 31, 1979 Rate ated 1st & Ref. Mtge. Series A... 5% -T fF 1st & Ref. Mtge. Series B.... 5% 1-1-50 P. S. Tel. Co. Bonds. reeeeee BO 6-1-27 2.537 { CL. 4 “WU, aul Outstanding 1. $2,958,500 2. $200,000 3. $724,500 1. FIRST & REFUNDING MORTGAGE 5% 25-YEAR GOLD BONDS, Series A & B Interest Payable: Jan. and July 1, and bonds outstanding and to be is- at trustee's office or American Trust sued. Co., San Francisco. Additional bonds may be issued, par Trustee: United States National value for par value, to refund bonds Bank, Portland, Ore. of previous series outstanding under Registrar: First National Bank, Ev- this Indenture. arett. Additional bonds when issued shall Registerable: As to principal. oe of such series and have such ma- Denominations: $1,000 and $500. ‘urity, interest rate, redemption price, Callable: As a whole or in part on ronversion and other provisions as may first day of any month on 30 davs' no- be determined by the Board of Trus- tice at 103 for first 10 years, 102 for ‘ees. next 5, 101 for next 5, and at par there- Tax Status: Company pavs normal after to maturity. “ederal income tax up to 2% and re- Limit: Trust Indenture limits the ‘unds Calif. 5-mill personal property amount of bonds that may be issued ax. upon properties owned as of Sept. 1, 1928, to $5,000,000 par value, of which $724,500 Series A bonds are deposited with Trustee to refund outstanding bonds of Puget Sound Telephone Co. Bonds in excess of $5,000,000 are lim- ited to a par amount not exceeding 70% of cost or value (whichever is less) of additions and betterments added or ac- quired by Company and may be issued only when net earnings for 12 consecu- tive months out of preceding 15 months shall have been not less than one and three-fourths times the total interest requirements on all underlving bonds 3. PUGET SOUND TELEPHONE (CO. 1st Interest Payable: Jan. and July 1, at trustee's office. Trustee: First National Bank, Ev- srett, Wash. Registerable: As to principal. Denominations: $1,000 and $500. Callable: As a whole only on 60 days’ notice on July 1, 1937, or any interest ate thereafter at 105. Sinking Fund: Beginning Jan. 1, 1928, $10,000 to be set aside semi-an- nually to purchase bonds at not over MORTGAGE 5% GOLD BONDS, Series A 971. Payments not required if sink- ing fund amounts to $20,000 at any Lime, Tax Status: Company pays 29% nor- mal Federal income tax. Security: First mortgage on assets of former Puget Sound Telephone Co. Legal Opinion by: Peters & Powell. Seattle, Wash. Offered by: Blyth & Co. and Peirce. Fair & Co., July, 1927, at 9614. WILLAPA ELECTRIC COMPANY GENERAL OFFICE: Raymond, Wash. CONTROL: By Cities Service Light & Power Co. HISTORY: Incorporated under laws of ‘Washington, Aug. 2, 1913, as a consoli- dation of Willapa Harbor Ry. Co., Twin City Electric Co. and South Bend Elec- tric Co. BUSINESS: Opersat:- “ miles of single track railway end engages in the dis- tribution of ‘lectric “... and power. Owns 28.25 miles of pole line. CAPITALIZATION Par Value Authorized Outstanding Common Stock .............. $100 $910.000 $400.000 Entire stock owned hv Cities Service Power & Light Co FUNDED DEBT Ist Mortgage Convertible Rate Dated Due Authorized Outstanding Bonds, Series A, B, C................ 69% 7-1-13 7-1-23 $483,000 $483,000 All of these bonds have been extended and are held by controlling company, Interest Pavable: J & J. 1, at New York Trust Co.. New York Trustee

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