Full text: Thomson's manual of Pacific Northwest finance

PUBLIC UTILITIE. 
26y 
3. FIRST & GENERAL MORTGAGE 5% GOLD BONDS (1960) 
Interest Payable: Jan. and July 1, including Dec. 31, 1957; and thereafter 
at company’s agency in New York. at 100; plus accrued interest in each 
Theta Central Hanover Bank & case. 
rust Company. . Security: Direct first mortgage on 
Registerable: Fully registered and certain of the electric and water prop- 
registered as to principal. erties acquired in 1930 and mortgage on 
Denominations: $1,000 and $5,000 3); other fixed property of the com- 
registered and $1,000 coupon. pany subject to a closed issue of First 
Callable: As a whole or in part at Refunding Mortgage 5% Bonds, due 
any time on 30 days’ notice at 105 prior 1939. 
to Jan. 1, 1937; at 3 less for each full 
vear elapsed after Dec. 31, 1935; there- 
after at 1001 up to and including Dec. 
31, 1955; thereafter at 100% up to and 
Offered by: White, Weld & Co., Bon- 
bright & Co., Ferris & Hardgrove, Mur- 
phey, Favre & Co., Jan, 1930, at 981. 
WASHINGTON TELEPHONE & UTILITIES COMPANY 
GENERAL OFFICE: Liggett Bldg. Seattle, Wash. 
BRANCH OFFICE: Guaranty Bldg. Portland, Ore. 
HISTORY: Incorporated under laws of Washington, 1928. 
BUSINESS: An operating telephone company. Charter permits holding stocks 
in utilities, either minority or majority interest. Company owns telephone prop- 
erties and has others under option. 
OFFICERS: Earl W. Gates, Pres.; Norman Porteous, Vice Pres.: L. D. Gordon, 
Sec’'y; Lloyd F. Gates. Trustee. 
CAPITALIZATION, As of March 10, 1930 
Value 
1. 
2. 
3. 
6% Preferred StoCK...ooocoooee omen 
Class A Common StocK.....ooooooommeeeeeeeeaeni 
Class B Common Stock............. 
Authorized 
6,000 shs 
5,000 shs 
3.000 shs 
Ll. 6% FIRST PREFERRED CUMULATIVE PARTICIPATING STOCK 
Provisions: Has preference as to as- Dividends: (Payable quarterly Mar, 
sets and 6% cumulative dividends. Aft- June 1, Sept. 1, Dec. 1) 1929, 6%. 
er 6% is paid to junior issues, Preferred Ex-Dividend Date: 15th of preced- 
participates share for share in further ing month, 
earnings. Public Offering by: The company at 
Tax Status: Company pays normal par 
Federal income tax to 20, 
2 CLASS A COMMON STOCK 
Provisions: Participates as to earn- Tax Status: Company pays normal 
ings and assets after Preferred has re- Federal income tax up to 29%. 
ceived 6% in earnings and par in event Publie Offering by: The Company. 
of liquidation 1930. at $26.50. 
WEST COAST TELEPHONE COMPANY 
GENERAL OFFICE: Everett, Wash. 
BRANCH OFFICES: Marshfield, L.aGrande, Ore.; Everett, 
Woodland, Camas and Montesano, Wash. 
HISTORY: Incorporated under laws of ‘Washington, May 31, 1928, as a consoli- 
dation into one operating unit of Puget Sound Telephone Co., a Washington cor- 
poration; Oregon Telephone Co. and Coos & Curry Telephone Co., Oregon corpora- 
tions. Through acquisition of Coos & Curry Telephone Co., acquired properties 
formerly owned and operated by Richmond Beach Telephone & Power Co., Mon- 
tesano Telephone Co., Camas Telephone Co., Lewis River Independent Telephone 
Co., all in western Washington, and Home Independent Telephone Co. of La 
Grande, Ore. Since consolidation of the properties before mentioned, company has 
purchased properties formerly owned by the Klamath Telephone and Telegraph 
Co. and Klamath Telephone and Telegraph Co. of Lake, operating in the vicinity 
of Klamath Falls, Ore.. and property of Clatskanie Telephone Co.. operating in 
Clatskanie, Ore. 
BUSINESS: Company does practically entire local and long distance telephone 
business in Snohomish, Skagit and Island Counties, and in parts of King, What- 
com, Grays Harbor, Cowlitz and Clark Counties, Washington, including the cities 
and towns of Everett, Anacortes, Sedro-Woolley, Mt. Vernon, Snohomish, Arling- 
ton, Montesano, Camas, Monroe, Burlington, Marysville, Stanwood, Woodland, 
Duvall and Richmond Beach. It serves, in Oregon, Washington County and parts 
of Yamhill, Multnomah, Clackamas, Polk and Columbia Counties, all adjacent to 
Portland, including cities and towns of McMinnville, Newberg, Hillsboro, Forest 
Grove, Gresham, Beaverton and Clatskanie; Coos and Curry Counties and parts 
of Douglas County, including cities and towns of Marshfield, North Bend, Co- 
quille, Bandon, Myrtle Point, Reedsport, Brookings, Gold Beach, Powers and Port 
Orford; Union and Wallowa Counties, including the cities of La Grande and 
Wallowa; and Klamath and l.ake Counties. including towns of Chiloguin and 
Sakeviow 
Richmond Beach,
	        
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