PUBLIC UTIL'™
DIRECTORS: Charles Theis, Spokane, Wash.; E. A. Angley, Salt Lake City,
Utah; R. H. Johnson, Boise, Idaho; W. C. Sharp, Chicago, 111.; W. H. Davis, St.
Louis, Mo.
Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Mon. in Feb.
NOTE: Company is operated by its preferred stockholders.
CAPITALIZATION, As of Dec. 31, 1929
Par Value Authorized
$100 $200,000
$100 $600,000
i. 6% CUMULATIVE PREFERRED STOCK
Provisions: Has preference as to as- Common stock, one vote per share
sets and 6% cumulative dividends. Pro- ggch.
visions for retirement of this issue are 1d Bid : .
-xplained under bonded debt. Dividends: 3% paid in 1928; 112% in
Voting Power: Shares equally with 1929.
COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31
929
Tn
1928
$78,952
54,687
Earnings oocccccoiomiiiimacaes :
Operating Expenses, Taxes, Depreciation, ete. ....ooieniiiee
>
83
Net Earnings
Total Income ._.
Interest, ete. .
“4,465
7.496
16.462
Net Income .....
Preferred Dividends
41
5,000
Preferred Shares Outstanding... cecicmcccrcirmsetsrrreresrensnes ons
Times Preferred Dividend Earned.......ooooieeiciii. occcimcrctoccannenene
Common Shares Outstanding...... . renee
Earnings per Common Share
0
-.08
6,000
£1.30
2,v04
2.000
1.10
6,000
$0.84
COMPARATIVE BALANCE SHEET, Ax of Dec. 31
1929
153,078
24,945
1,094
3,001
C168
76
ASSETS
Cost of Property.......... eemmremeeeemaemneeanaanannt
Materials and Supplie- eeereeeereeeeeeecseesesnaseenns iaen
CA Sl aoe ieee eee eee eee meee eee nen eman mmemremeeeeseneeseenamn em enememmeeen nan
Notes and Accounts Receivable.....oiiiiiiiiniaaes
Other Current Assets... RT RR EA STE RAE
Deferred Debits ...
1928
151,731
22,684
#27
fr
&
TOTAL ...........
LIABILITIES
Common Stock .... FT
Preferred Stock ....... ee eememoaemmememeeseeeseemseeneeneoneeneeceenen
POhARA DEDY vnvmrmmmmmsron sommes ne LE RR ER RRs :
Notes and Accounts Pavable. ...oiiiieicnaanns
Interest Accrued ... emeemememeeeensemeeemnenns
Dividends Declared ...... Ep,
Other Current Liabilities....... eeeeeemenne——n———-Reserve
for Depreciation... ........oooooiiiioiiiaiaaeaananes
Other Reserve ...... eee eee eam meneame anne ann
Profit and Loss...
29
£00,000
200,000
202,500
"1,394
2 521
£00,000
200,000
206,500
8,995
1,941
2,000
N95
40
ng2
5.476
231.194.129
5,000
310,688
£,054
7.303
TOTAL, oe
21.201.460
FUNDED DERBT, Ax of Dec. 31, 1929
First Mortgage Sinking Rate Dated Due Authorized
Fund Gold Bonds.........................5% 1911 1941 $1.500,000
interest Payable: May 1 and Nov. 1,
at Continental Illinois Bank and Trust
Co., Chicago, and First National Bank,
New York.
Trustee: Continental Illinois Bank
& Trust Co., Chicago.
Registerable: As to principal (counon
bonds).
Denominations: $500 and $1,000.
Callable: On any interest date at
L03 and accrued interest.
Sinking Fund: Annual payment of
1% % of amount outstanding to be retired
by purchase in the market or
called.
Tax Status: Company pavs normal
neome tax up to 29
Outstanding
$302,500
Security: First mortgage on all
property of company.
Unissued Bonds: In amount of $200,-100
reserved to retire like amount of
referred stock, whenever net earnngs,
for any three consecutive months,
thall equal 7-16ths of annual interest
bn outstanding and reserved bonds;
nalance issuable only for 839% of cost
f additions to capital property, pro-‘ided
net earnings for 12 consecutive
nonths within 14 months immediately
sreceding shall not be less than 13;
.imes interest charges on all bonds outstanding
and those proposed to be is-Med
