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Board in the city of Albany on January 12, 1905, T. F. Barrett appearing for the applicant; and the purposes to which the proceeds of the amount of the increase of the capital stock of said company hereby consented to are to be devoted appearing from the petition and from the affidavit of John M. Farley herein, it is

Ordered, That the increase of the capital stock of the Eastern New York Railroad Company from one hundred thousand dollars ($100,000) to one million, seven hundred and fifty thousand dollars ($1,750,000) be and the same is hereby approved by this Board, and that endorsement of such approval be made upon the certificates of the stockholders' meeting according to the provisions of the Stock Corporation Law, on condition that but four hundred thousand dollars ($400,000) of said increase of stock be issued under this approval and that the remaining one million, two hundred and fifty thousand dollars ($1,250,000) of said increase of stock or any part thereof shall not be issued until after further application is made to this Board by said company for approval of the issuance of said one million, two hundred and fifty thousand dollars ($1,250,000) of said increase of stock or any part thereof and such approval of this Board has been received to the issuance of said one million two hundred and fifty thousand dollars ($1,250,000) of said increase of stock or any part thereof. (Case No. 3278.)

III. IN THE MATTER OF THE APPLICATION OF THE HAMBURG RAILWAY COMPANY FOR

APPROVAL OF AN INCREASE OF ITS CAPITAL STOCK FROM TWO HUNDRED THOUSAND DOLLARS ($200,000) TO THREE HUNDRED AND FIFTY THOUSAND DOLLARS ($350,000).

Determination. January 26, 1905. Application having been made to this Board on January 26, 1905, by the Hamburg Railway Company, for approval of an increase of the capital 'stock of said company from two hundred thousand dollars ($200,000) to three hundred and fifty thousand dollars ($350,000); and a hearing having been given on said application before this Board in the city of Albany on January 26, 1905, Daniel W. Allen appearing for the applicant; and certificates of the proceedings of the stockholders' meeting, showing a compliance with the provisions of the Stock Corporation Law in relation to said increase, having been presented to this Board; and the purposes to which the proceeds of the said proposed increase of the capital stock of said company are to be devoted appearing from the verified petition and the affidavit of Dennison Fairchild herein, it is

Ordered, That the increase of the capital stock of the Hamburg Railway Company from two hundred thousand dollars ($200,000) to three hundred and fifty thousand dollars ($350,000) be and the same is hereby approved by this Board and that indorsement of such approval be made upon the certificates of the stockholders' meeting according to the provisions of the Stock Corporation Law. (Case No. 3290.)

IV.

AN

IN THE MATTER OF THE APPLICATION OF THE ITHACA-CORTLAND TRACTION COMPANY FOR APPROVAL OF

INCREASE OF ITS CAPITAL STOCK FROM TWO HUNDRED THOUSAND DOLLARS ($200,000) TO ONE MILLION DOLLARS ($1,000,000).

Determination. March 23, 1905. Application having been made to this Board on February 7, 1905, by the Ithaca-Cortland Traction Company, for approval of an increase of the capital

stock of said company from two hundred thousand dollars ($200,000) to one million dollars ($1,000,000) and a hearing having been given on said application before this Board in the city of Albany on February 15, 1905, E. H. Chandler and George E. Monroe appearing for the applicant; and certificates of the proceedings of the stockholders' meeting, showing a compliance with the provisions of the Stock Corporation Law in relation to said increase, having been presented to this Board; and the purposes to which the proceeds of the said proposed increase of the capital stock of said company are to be devoted appearing from the affidavits of Howard L, Chandler herein, it is

Ordered, That the increase of the capital stock of the Ithaca-Cortland Traction Company from two hundred thousand dollars ($200,000) to one million dollars ($1,000,000) be and the same is hereby approved by this Board and that indorsement of such approval be made upon the certificates of the stockholders' meeting according to the provisions of the Stock Corporation Law. (Case No. 3297.)

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IN THE MATTER OF THE APPLICATION OF THE NEW YORK CITY INTERBOROUGH

RAILWAY COMPANY FOR APPROVAL OF AN INCREASE OF ITS CAPITAL STOCK FROM FOUR HUNDRED THOUSAND DOLLARS ($400,000) TO FIVE MILLION DOLLARS ($5,000,000).

Determination. March 23, 1905. Application having been made to this Board on March 18, 1905, by the New York City Interborough Railway Company, for approval of an increase of the capital stock of said company from four hundred thousand dollars ($400,000) to five million dollars ($5,000,000); and a hearing having been given on said application before this Board in the city of Albany on March 23, 1905, Strong & Cadwalader (Mr. John F. Charlton appearing) for the applicant; and certificates of the unanimous consent of the stockholders of said company, showing a compliance with the provisions of the Stock Corporation Law in relation to said increase, having been presented to this Board; and the purposes to which the proceeds of the said proposed increase of the capital stock of said company are to be devoted appearing from the verified petition and the affidavit of Arthur Turnbull herein, it is

Ordered, That the increase of the capital stock of the New York City Interborough Railway Company from four hundred thousand dollars ($400,000) to five million dollars ($5,000,000) be and the same is hereby approved by this Board and that indorsement of such approval be made upon the certificates of the unanimous consent of the stockholders according to the provisions of the Stock Corporation Law. (Case No. 3308.)

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VI.
IN THE MATTER OF THE APPLICATION OF THE ROCHESTER, SYRACUSE AND

EASTERN RAILROAD COMPANY FOR APPROVAL OF AN INCREASE OF ITS COMMON
CAPITAL STOCK FROM ONE MILLION DOLLARS ($1,000,000) TO THREE MILLION
FIVE HUNDRED THOUSAND DOLLARS ($3,500,000), THE TOTAL CAPITAL STOCK
(PREFERRED AND COMMON) WITH SUCH INCREASE TO AMOUNT TO SIX MILLION
DOLLARS ($6,000,000).

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Determination. April 18, 1905.
Application having been made to this Board on April 10, 1905, by the
Rochester, Syracuse and Eastern Railroad Company, for approval of an
increase of the common capital stock of said company from one million

dollars ($1,000,000) to three million five hundred thousand dollars ($3,500,000), the total capital stock (preferred and common) with such increase to amount to six million dollars ($6,000,000); and a hearing having been given on said application before this Board in the city of Albany on April 18, 1905, William Nottingham appearing for the applicant; and certificates of the unanimous consent of the stockholders of said company to said increase showing a compliance with the provisions of the Stock Corporation Law in relation to said increase having been presented to this Board; and the purposes to which the proceeds of said proposed increase of the common capital stock of said company are to be devoted appearing from the verified petition and the affidavit of Albert K. Hiscock herein and from evidence at the hearing, it is

Ordered, That the increase of the common capital stock of the Rochester, Syracuse and Eastern Railroad Company from one million dollars ($1,000,000) to three million five hundred thousand dollars ($3,500,000) be and the same is hereby approved by this Board and that indorsement of such approval be made upon the certificates of the unanimous consent of the stockholders to said increase according to the provisions of the Stock Corporation Law.

The total capital stock of the company (preferred and common) with the common capital stock increased from one million dollars ($1,000,000) to three million five hundred thousand dollars ($3,500,000) is six million dollars ($6,000,000). (Case No. 3326.)

VII. IN THE MATTER OF THE APPLICATION OF THE ROCHESTER RAILWAY COMPANY

FOR APPROVAL OF AN INCREASE OF ITS CAPITAL STOCK FROM FIVE MILLION FIVE HUNDRED THOUSAND DOLLARS ($5,500,000) TO SIX MILLION DOLLARS ($6,000,000).

Determination. April 18, 1905. Application having been made to this Board on April 14, 1905, by the Rochester Railway Company, for approval of an increase of the capital stock of said company from five million five hundred thousand dollars ($5,500,000) to six million dollars ($6,000,000), and a hearing having been given on said application before this Board in the city of Albany on April 18, 1905, Charles J. Bissell appearing for the applicant; and certificatees of the proceedings of the stockholders' meeting, showing a compliance with the provisions of the Stock Corporation Law in relation to said increase, having been presented to this Board; and the purposes to which the proceeds of the said proposed increase of the capital stock of said company are to be devoted appearing at the hearing and from the aflidavit of Irving E. Matthews herein, it is

Ordered, That the increase of the capital stock of the Rochester Railway Company from five million five hundred thousand dollars ($5,500,000) to six million dollars ($6,000,000) be and the same is hereby approved by this Board and that indorsement of such approval be made upon the certificates of the stockholders' meeting according to the provisions of the Stock Corporation Law. (Case No. 5331.)

VIII. IN THE MATTER OF THE APPLICATION OF THE Busi TERMINAL RAILROAD Com

PANY FOR APPROVAL OF AN INCREASE OF ITS CAPITAL STOCK FROM FIFTEEN THOUSAND DOLLARS ($15,000) TO TWENTY THOUSAND DOLLARS ($20,000).

Determination. April 18, 1905. Application having been made to this Board on April 7, 1905, by the Bush Terminal Railroad Company, for approval of an increase of the capital stock of said company from fifteen thousand dollars ($15,000) to twenty thousand dollars ($20,000); and certificates of the unanimous consent of the stockholders of said company to such increase of capital stock and showing a compliance with the provisions of the Stock Corporation Law in relation thereto having been presented to this Board; and the reason for said proposed increase of capital stock appearing from the affidavit of Frank Gallagher herein, it is

Ordered, that the increase of the capital stock of the Bush Terminal Railroad Company from fifteen thousand dollars ($15,000) to twenty thousand dollars ($20,000) be and the same is hereby approved by this Board and that indorsement of such approval be made upon the certificates of the unanimous consent of the stockholders to said increase according to the provisions of the Stock Corporation Law. (Case No. 3325.)

IX. IN THE

MATTER OF THE APPLICATION OF THE BUFFALO, LOCKPORT AND ROCHESTER RAILWAY COMPANY FOR APPROVAL OF AN INCREASE OF ITS CAPITAL STOCK FROM FIVE HUNDRED AND NINETY THOUSAND DOLLARS ($590,000) TO FOUR MILLION DOLLARS ($4,000,000).

Determination. June 28, 1905. Application having been made to this Board on June 24, 1905, by the Buffalo, Lockport and Rochester Railway Company, for approval of an increase of the capital stock of said company from five hundred and ninety thousand dollars ($590,000) to four million dollars ($4,000,000), and a hearing having been given on said application before this Board in the city of Auburn on June 28, 1905, A. B. Boardman appearing for the applicant, and certificates of the unanimous consent of the stockholders of said company to said increase of the capital stock of said company showing a compliance with the provisions of the Stock Corporation Law in relation to said increase of the capital stock of said company having been presented to this Board, and the purposes to which the proceeds of the said increase of the capital stock of said company are to be devoted appearing from the verified petition and the affidavit of F. W. Conn herein, it is

Ordered, That the increase of the capital stock of the Buffalo, Lockport and Rochester Railway Company from five hundred and ninety thousand dollars ($590,000) to four million dollars ($4,000,000) be and the same is hereby approved by this Board and that indorsement of such approval be made upon the certificates of the unanimous consent of the stockholders according to the provisions of the Stock Corporation Law. (Case No. 3373.)

See page 168, first volume, 1904 report of this Board as to Albion Electric railway of which this company is the successor.

X.

IN THE MATTER OF THE APPLICATION OF THE LOWVILLE AND BEAVER RIVER

RAILROAD COMPANY FOR APPROVAL OF AN INCREASE OF ITS CAPITAL STOCK FROM ONE HUNDRED AND FIFTY THOUSAND DOLLARS ($150,000) TO TWO HUNDRED THOUSAND DOLLARS ($200,000).

Determination. August 14, 150. Application having been made to this Board on August 9, 1905, by the Lowville and Beaver River Railroad Company, for approval of an increase of the capital stock of said company from one hundred and fifty thousand dollars ($150,000) to two hundred thousand dollars ($200,000); and a hearing having been given on said application before this Board in the city of Albany on August 14, 1905, H. H. Ryell appearing for the applicant; and certificates of the proceedings of the stockholders' meeting, showing a compliance with the provisions of the Stock Corporation Law in relation to said increase, having been presented to this Board; and the purposes to which the proceeds of the said increase of the capital stock of said

company are to be devoted appearing from the verified petition and tne affidavit of Gilbert A. Blackmon herein, it is

Ordered, That the increase of the capital stock of the Lowville and Beaver River Railroad Company from one hundred and fifty thousand dollars ($150,000) to two hundred thousand dollars ($200,000) be and the same is hereby approved by this Board and that indorsement of such approval be made upon the certificates of the stockholders' meeting according to the provisions of the Stock Corporation Law. (Case No. 3398.)

XI.

IN THE MATTER OF THE APPLICATION OF THE NEW YORK CENTRAL AND HUDSON

RIVER RAILROAD COMPANY FOR APPROVAL OF AN INCREASE OF ITS CAPITAL STOCK FROM ONE HUNDRED AND FIFTEEN MILLION DOLLARS ($115,000,000) TO ONE HUNDRED AND FIFTY MILLION DOLLARS ($150,000,000).

Supplemental Determination. November 29, 1905. On April 16, 1902, this Board approved of an increase of the capital stock of the New York Central and Hudson River Railroad Company from one hundred and fifteen million dollars ($115,000,000) to one hundred and fifty million dollars ($150,000,000), (the increase being thirty-five million dollars $35,000,000)----with the provision that not to exceed seventeen million two hundred and fifty thousand dollars ($17,250,000) of such increase should be issued without further authority of this Board, as shown by order of said date. On November 22, 1905, application was made to the Board by said company for approval of the issue of seventeen million one hundred and ninety-two thousand five hundred dollars ($17,192,500) additional capital stock of said thirty-five million dollars ($35,000,000) increase, and a public hearing on said application was held by this Board in the city of Elmira on November 28, 1905, at which Ira A. Place appeared for the applicant company. After hearing evidence and arguments the hearing was closed. From the evidence produced at said hearing the Board deems that it is justified in approving the issue of the additional seventeen million one hundred and ninety-two thousand five hundred dollars ($17,192,500) capital stock, leaving five hundred and fifty-seven thousand five hundred dollars ($557,500) authority for the issue of which is yet to be obtained from this Board. It is hereby

Ordered, That the issue by the New York Central and Hudson River Railroad Company of seventeen million one hundred and ninety-two thousand five hundred dollars ($17,192,500) capital stock of said company of a total increase of thirty-five million dollars ($35,000,000) capital stock of said company approved in an order of this Board, dated April 16, 1902, be and the same is hereby authorized and approved by this Board, leaving five hundred and fifty-seven thousand five hundred dollars ($557,500) authority for the issue of which is yet to be obtained from this Board. (Case No. 2665.)

See page 210, first volume, report of this Board for 1902.

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