T
> AND PAPER COMPAN:.
165
sulphite. Sufficient pulp wood will be obtained under these contracts, it is es-
timated. to supply requirements for 25 years. The company also owns standing
timber.
PROPERTY AND PLANTS: Properties of company include approximately 29
acres of land. on tidewater, Hoquiam, Wash. Sulphite pulp mill, with daily ca-
pacity of 175 tons of unbleached sulphite, or 150 tons of bleached sulphite and
paper mill, with daily capacity of 50 tons of bond paper. Auxiliary facilities in-
clude wood-preparing plant, warehouse, docks and power house.
Company owns water rights and modern water system, including approxi-
mately seven miles of 36-inch pipe line, with filter plant and accessories, ca-
pacity twenty million gallons daily. Company has the advantage of both rail
and water transportation. Docks have been constructed to accommodate vessels
of 35-foot draft.
OWNERSHIP AND MANAGEMENT: More than 60% of Preferred and Common
stocks is owned by I. Zellerbach, E. M. Mills, J. D. Zellerbach and H. 1. Zeller-
bach, all of whom are active officers in the Crown Zellerbach Corporation,, Ham-
mermill Paper Company and Polson Logging Company of Hoquiam, Wash., and
Robert Polson, manager of Polson Logging Company.
OFFICERS: E. M. Mills, Pres.; 1. Zellerbach, J. D. Zellerbach, Vice Pres.: W. L.
Raymond, Secy.; 8. Sonnenberg, Treas. and Asst. Secy.;: Chas. H. Conrad, Asst.
Secy.; A. I. Ellis, Asst, Secy. and Asst. Treas.
DIRECTORS: E. M. Mills, I. Zellerbach, J. D. Zellerbach, H. L. Zellerbach,
Charles R. Blyth, W. L. Raymond, Norman W. Wilson, W. S. Lucey, Wm. T.
Brust and Wm. F. Bromley.
Fiseal Year Ends: Dec. 31. Annual Meeting: 4th Tues. in May.
Number of Employes: Dec. 31, 1928, about 300.
Transfer Agent and Registrar: Company, San Francisco.
CAPTT "7 ATION, As of Dec. 31, 1929
= Value Authorized Outstanding
o Par 33,790 Shs. 33,790 Shs.
~o Par 72,517 Shs. 72.517 Shs.
Note: On Aug. 20, 1929, Preferred stock was increased from 25,000 shares to
33,790 shares, and Common stock from 55,000 shares to 72,517 shares. Stockhold-
ers offered rights to subscribe to new stock in units 1 share Preferred and 2
shares Common at $120 per unit. Rights expired Sept. 30, 1929.
I. 8 CUMULATIVE PREFERRED STOCK
Provisions: Entitled to cumulative vidends any time after May 1. 1930, on
dividends of $8 a share per annum, and 30 days’ notice.
no more, and £100 per share in liquida- Voting Power: Non-voting.
tion, } Dividends: Payable Jan. and July 1.
Callabk 7 and accrued di- None paid to Jan. 1, 1930.
NDED DEBT, As of Dec. 31, 1929
at Dated Due
1st Mtg. Gold Bonds 4-1-28 4-1-43
1st Mtg. Gold Bonds........... » 1-1-29 1-1-44
I. FIRST MORTGAGE 6% GOLD BONDS, Series 1943
Interest Payable: April 1 and Oct. 1 Tax Status: Company payvs Fed. In-
at Bank of Italy, Nat. Trust & Sav. come tax up to 29% and refund on Calif.
Assn, San Francisco. personal prop. tax of 4 mills,
Trustee: W. J. Kilferdorf. Security: First mortgage on all fixed
Callnble: At 103 and accrued interest assets now owned and on all improve-
to April 1, 1938; thereafter at 100 and ments, additions and extensions.
accrued interest. L 1 Ovini bv: M Pilsbur
Sinking Fund: Annual pavments be- (fen D on Pn ears, isbury,
ginning April 1, 1930, of $100,000, one- Madison & Sutro, San Francisco.
half of such payments to be used for Offered by: Blyth & Co., Schwabach-
retirement of outstanding bonds and er & Co. Seattle and San Francisco,
one-half for permanent improvement, April 1, 1928.
2. FIRST MORTGAGE 6%: GOLD BONDS. Series 1944
Interest Payable: Jan. and July 1 at Tax Status: Company pays 29% Nor-
lank of Italy, Nat. Trust & Sav. Bank, mal Fed. Income tax and refunds Calif.
A anaing, ¥. Hiatordart personal prop. tax of 4 mills.
ustee: LJ. ieferdorf. : ry i ix
Callable: At 103 and accrued interest asaorurlty: First Worigngs sn gl) fixed
to Jan. 1, 1939; thereafter at 100 and et ; ; . a ons,
accrued interest. Xtensions and improvements.
Sinking Fund: Annual payments, be- Legal Opinion by: Messrs. Pillsbury,
ginning Jan. 1. 1932, of $50,000, one- Madison & Sutro, San Francisco.
half to be used for redemption of Series Offered by: Blyth & Co. and Schwa-
1944 Bonds and one-half for permanent Jacher & Co., Seattle and San Francisco
additions and improvements fan. 1. 199290
At,
