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AMOUNTS PAID FOR CERTAIN SPECIFIC PURPOSES INCLUDED IN FOREGOING. Stationery and printing.
$251 15 Advertising...
80 00 Legal expenses and counsel fees.
2,536 00 Insurance.
77 75 Rents
24 75 Carrying mails..
300 00 Incidentals and contingencies..
1,179 84 Total.....
RESULT OF THE BUSINESS OF THE YEAR.
$36,327 09 59,930 73 4,212 52
100 03 1,971 36
5 85 312 00 938 75
Charges against Earnings.
credited in error to the profits of the company.
$94, 268 08
Total charges against earnings
$103, 225 62
Resulting surplus for the year..
“INCOME,” OR “PROFIT AND Loss" ACCOUNT. Surplus from previous year. Surplus for this year
NAMES AND RESIDENCE OF THE DIRECTORS OF THE CORPORATION.
North Creek, Warren Co., N. Y. GEORGE T. M. DAVIS.
New York city. SILAS SEYMOUR......
Saratoga Springs, N. Y. WILLIAM W. DURANT.
Saratoga Springs, N. Y. EDWARD C. JAMES...
Ogdensburg, N. Y. CONRAD N. JORDAN
New York city. WILLIAM SUTPHEN..
Mount Vernon, N. Y. JOHN L. BARBOUR..
Saratoga Springs, N. Y. JOHN T. BANKER..
Crawford, N. J. WARREN BEMAN.
New York city. ROLLIN TRACY..
New York city. CORNELIUS E. DURKEE
Saratoga Springs, N. Y. GEORGE LEAVITT...
Chester, Warren county, N. Y.
THE NAMES AND OFFICIAL ADDRESSES OF THE EXECUTIVE AND GENERAL
OFFICERS OF THE COMPANY.
JOHN T. BANKER. 20 Nassau street, N. Y.
WM. W. DURANT. 20 Nassau street, N. Y. Superintendent...... CORN. E. DURKEE. Saratoga Springs, N. Y. Communications intended for this company should be addressed, Cornelius E. Durkee, Superintendent, Saratoga Springs, N. Y.
ALBANY AND SUSQUEHANNA.
LESSEE, DELAWARE AND HUDSON CANAL COMPANY,
(Date of charter, April 19. 1851.)
This road was incorporated ander the General Railroad Law April 19, 1851, and opened for traffic to the following points at the date named below, viz.:
To Central Bridge, Schoharie county, 35 miles from Albany, September 16, 1863.
The property of this company was leased February 24, 1870, for the term of its charter, one hundred and fifty years, from April 19, 1851, to the Delaware and Hudson Canal Company, that company paying a rental as follows, viz.: Six per cent upon the Albany city bonds, seven per cent upon the first, second and third mortgage bonds and first consolidated mortgage bonds, and seven per cent upon the capital stock, and $1,000 for maintaining the organization. The interest and dividends are paid by the lessee directly to the stock and bondholders. ment of $5,000, semi-annually, is also made by the lessee to the trustees of the sinking fund of the city of Albany, and is invested by the latter in certain funds for the ultimate payment of the Albany city bonds issued to the lessor by the city of Albany. (See act chap. 195, Laws of 1852.)
STOCK AND DEBT.
Number of shares of ordinary stock (subscribed)....
*Increased to $4,000,000 by act chapter 384, Laws of 1859, and further increased to $5,000,000 by terms of the lease of the property to the Delaware and Hudson Canal Company. February 24, 1870, and reduced to and fixed at $3,500,000 by an amendment to said lease, March 7, 1876; both the original and the amendment having been ratifled by a unanimous vote of the stockholders of the Albany and Susquehanna Railroad Company at their meet'Ings, held respectively May 3, 1870, and April 25, 1876.