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<br /> �12 . . �
<br /> � UNIOII PXCI�7'i0 RAILROAU OOMPANY
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<br /> TH� �QU�2ABL� TRUBT COMPANY OF NEW YOR�.
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<br /> � FIRST LIEN AND k�EFt1NDI8a MORTQAa�,
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<br /> securing
<br /> ! First Lien and Re�undin� Mortgage Four Per Cent. Bonds.
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<br /> Interest payable March 1, and Saptember 1.
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<br /> THIa TND�NTURT, dated the first+?dap af June� one thousand nine hundred and eight , bp and �`. _
<br /> � betv►eea UNION PACIFIC RAII,ROAD CO�PANY+ a corporation duly organi$ed and aaisting under and b�r vi
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<br /> i -�ue of the laws of the State of IItah (hereinafter called "Railroad Companp") , partp of the first
<br /> � part , and TH� �qIIITABLE TRUST COMFANY OF 1�W YORK, a aorporat ion duly organized�uride� bp Pirt e :
<br /> of the lawra of the 8tate of NeYr 'York { hereinafter called "Tru�tee" ) , partp c►f �he second part.
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<br /> WIT1+T��i3�TH s ,
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<br /> W�iEREAB, the Railr�a.d Compa�y noW owns the severa]. 13nee ot railroad hereinafter describe
<br /> to�ether with the franc�i�es and other propertp thereunto appertainin�, ar�d des3ree and iatends t
<br /> improve and more fullp equip the same aad to construct and aquire, from time to time, other line�
<br /> � � of ra3lraadj .
<br />, � , � AN� WHEREAB, after due acti�n bg the'>�holders of a ma�ori�y in amoli� of its capital stock �
<br /> at a meeting o� said stovkholdere o�iie$ ana oo�vened a�ter notice given and published for the t e
<br /> � and in �Ye form and manner p=esa��bed bp law, and bp resolu�icns adopted by ite Board of Directo �
<br /> p� at a meating. c�� said<:�Board aalled and aor�vened in the manner arsd after notiae given as prescribed
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<br /> � by its bp-1a�, the Ra3.lroad Companp reeolved for the purpose o� bd�towing monep Yor ite lawful a r-
<br /> � -pora�e purposes to create an; id�sue :�of bonde (both aoupoa and registered} to be dss3gnated ae the
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<br /> � Railroad Company�a "Fir�t Lien and Refunding Mortgage Four Per Cent. Bonde," to be payable in. gol =°
<br /> � aoin o�f the United States o� Americ$ of or equal �o the present sta�dard of �e3ght and �ineness, n
<br /> the fir�t day o� June, 2008, at the offiae or ggenap o� the Railroeul Compsnp in the Qitp of NeR oilc
<br /> � and to bear intere�t at the .rate of �our per cent. per annum Yrom June 1, 1908, payabla sam�.- ann
<br /> -ually at said offica or agency in l�.ke gold coin on �he firs� day of M$rch and the fire� dap, o�
<br /> I September in each pearf and that al1 of �aid bonds at anp time outste�nd3ng, bnt not a part thereo �
<br /> should be redeemable at the option o� the Railroad Comp�ny, or 3ts �u�eeesorg, at one hundre�d and f ;� :�
<br /> seven and one-half (107�) per aent. of the face value thereo�, �►ith �ccraad 3ntere�� thereon, on
<br /> the �irat dap of 9eptember,1918, or on anp semi_annuai intereat day there�fter, nnon previous np
<br /> I -ice �to be g3ven for� the period and in the manner in aaid bands and in thia indenture provide�t; '
<br /> 1lND WHEREAB, the Railroad Comlaany by raeolu�3on of its Board of DirectorB, adop�Cad at �he
<br /> meet in� aforesaid, did fuxther order and direct that the priq�cipal amount of said bonds a�t aay on
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<br /> time autstaMding �houlci not esaeed �50,000,000� except that �uch aggregata amount should, sub3ec ' - >
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<br /> to and npon the authori=ation b� vote of the holder� of a ma3ority in amount of the aspi�al etoak
<br /> � of the Railroad Companp then .3�aued and ourstanding at the neut annual meeting of eaid etookholde s .
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<br /> or a� a special meetir� dulp called for that purpoae, 'be 3nareased to the principal aum of �a0t?,0 0,
<br /> , ODOy�heraof �100�000,000 should be resarved to be ieaued for the purpose of re�und3ng the Firat
<br /> Mortgage Railroad and Land arant F'our Per Qent. 4old Bonds of the Rd►ilroad Companp� ma.turing July:'.1,
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<br /> 1947, and tK�a ramain3ng �50,000,000 should be isaued for the conetruation and aaqui�ition of othei
<br /> railrc,ad� and �roperty and for additione, betterments and improvementa ae hereinaf�er 1n thie in�.. (
<br /> -denture provided, �u� that all the ra�ilroada and their aquipment Qnd appurtenanaee no� sub�eat t
<br /> the liea of the mortgage, da�ed Julp 1,189?, to the Yercantile Truet Company, aecuring said Firat
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