AMOUNTS PAID FOR CERTAIN SPECIFIC PURPOSES INCLUDED IN FOREGOING. Refunded collections made in 1883 on telegraph line, which were credited in error to the profits of the company. Total charges against earnings Resulting surplus for the year.. BALANCE SHEET AT THE END OF YEAR. Cost of road and equipment Cash on hand.. Due from other railroad corporations Tools and fixtures.. Land expense account. Total $36,327 09 59,930 73 4,212 52 100 03 1,971 36 585 312 00 938 75 $103,798 33 $94,268 08 7,216 98 1,740 56 $103,225 62 $572 71 NAMES AND RESIDENCE OF THE DIRECTORS OF THE CORPORATION. THE NAMES AND OFFICIAL ADDRESSES OF THE EXECUTIVE AND GENERAL Title. OFFICERS OF THE COMPANY. Officers. Official Address. Pres't and Gen'l Man. THOS. C. DURANT. 20 Nassau street, N. Y. Treasurer.. Secretary ... 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. LESSOR. LESSEE, DELAWARE AND HUDSON CANAL COMPANY. (Date of charter, April 19. 1851.) This road was incorporated under 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. To Cobleskill, Schoharie county, 45 miles from Albany, January 2, 1865. To Richmondville, Schoharie county, 50 miles from Albany, June 1, 1865. To Worcester, Otsego county, 62 miles from Albany, July 17, 1865. To Schenevus, Otsego county, 67 miles from Albany, August 7, 1865. To Oneonta, Otsego county, 82 miles from Albany, August 28, 1865. To Otego, Otsego county, 90 miles from Albany, January 23, 1866. To Unadilla, Otsego county, 99 miles from Albany, March 21, 1866. To Sidney, Delaware county, 103 miles from Albany, October 22, 1866. To Bainbridge, Chenango county, 108 miles from Albany, July 10, 1867. To Afton, Chenango county, 114 miles from Albany, November 11, 1867. To Harpersville, Broome county, 120 miles from Albany, December 25, 1867. To Binghamton, Broome county, 142 miles from Albany, January 14, 1869. 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. A pay: 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.) Number of shares of ordinary stock (subscribed).. Total shares of stock of par value of $100 per share (subscribed). 35,000 35,000 514 *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 ratified by a unanimous vote of the stockholders of the Albany and Susquehanna Railroad Company at their meetings, held respectively May 3, 1870, and April 25, 1876. |