PUBLIC UTILITIES
i. 7% CUMULATIVE PREFERRED STOCK
Provisions: Preferred as to 7% divi- Voting Power: No voting except
dends and assets. After 7% cumulative right to nominate 2 trustees through
dividends are paid, Preferred stock en- voting trust agreement of Common
titled to 259% of any further disburse- stock.
ment of earnings. Dividends: Accrued dividends to
Convertible: At 110, after Jan. 1, July 1, 1925 paid; none since.
1930. Number of Stockholders: 375
2. COMMON STOCK
Preferred stockholders two and Common
stockholders three.
Dividends: None.
COMPARATIVE EARNINGS STATEMENT, Years Ending Dee. 31
Interest
Discount
$28,482
2¢ QF
Year
1925
1926 ..... anna
1927 eee
1928 ees
1929 __...
Deficit
Gross
Revenue
269,259
iL 2i*
Deprec.
$16,201
16,201
3,548
14,323
14,329
Net Profit
$2,936
8,083
-565
1,076
4,202
_
"NDENSED BALANCE SHEET, As of Dec. 31, 19°
AQQRITS PF ARYL. -T.
Cash .......
Bond Sinking Fund...
Depreciation Fund .
Net Capital Assets.
Deferred Charges ..
8,543
12,770
25,000
702,038
15.709
“ommon Stoc
Preferred St.
Debentures
First Mortg.
Fax Reserve
Accrued Inter:
Surplus ...
TOTAL LLT* v1
25,000
“=,000
“000
200
5,€06
[EE
TOTAL ASSETS .
564 0&0
, B <
D)
“TNDED DEBT, As of Dec. 31, 1929
Rate Dated Due
First Mortgage Bonds.......... 7% 8-22-23 1926-38
Debenture Bonds .. 6% 9% 10-1-23 10-1-33
authorized
$300,000
Open
1. FIRST MORTGASGE 7% SERIAL GOLD BONDS
Interest Payable: March and Sept. 1 Callable: On 30 days’ notice on or
at office of Wm. P. Harper & Son, Se- after Sept. 1, 1933, at 101, and at par
REL, ash. , il « 1 of h thereafter.
rincipal Payable: Sept. 1 of eac Sinking Fund: , One-twelfth of anyear,
1926, 39.000; 1927, $12,000: 1928, nya] requirements for interest and
$15,000; 1929, $18,000; 1930, $21,000; 1931, principal to be paid monthly to trustee.
and 1932, $24,000 each; 1933, $27,000; Security: First closed mortgage on
1931 to 1938, incl, $30,000 each. all assets.
Warstee: aul C. Harper, Seattle, Legal Opinion by: Kerr McCord &
Registrar: Wm. P. Harper & Son, Se- Ivey, Seattle, Wash,
attle, Wash. Offered by: Wm. P. Harper & Son,
Denominations: $100, $500. $1,000. Seattle. Wash... Sept.. 1922. at 100
Outstanding
$246,000
$100.000
2. 6%% DEBENTURE BONDS
interest Payable: July 1 and Jan. 1, company subject to first mortgage,
at trustee's office. Company required without specific lien. More can be isto
deposit 1-12 of annual .interest re- sued provided net earnings before dequirements
monthly. preciation are greater than double all
Trustee: ational Bank of Com- interest requirements.
merce, v ” vo
es tle wash, Harper & Son, Legal Opinion by: Kerr, McCord «
Teattle, Wash. Ivey, Seattle.
Denominations: $500 and $100. Offered by: Wm. P. Harper & Son,
Callable: At 101. Seattle, Wash., Jan.. 1927, at price to
Security: Assets and earnings of the vield 79
OREGON-WASHINGTON WATER SERVICE COMPANY
GENERAL OFFICE: Salem, Ore.
EXECUTIVE OFFICE: Hunter-Dulin Bldg., San Francisco.
CONTROL: By Federal Water Service Corporation.
HISTORY: Incorporated under laws of Delaware, June 6, 1927; acquired Salem
(Ore.) Water, Light & Power Co., Hoquiam, (Wash.) Water Co. water properties
of Skagit Improvement Co., Home Water & Ice Co.. and Portland (Ore.) Electric
Power Co.. Coos Bav Water Co.
