About the Book
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1914 Excerpt: ...OFFICE--Plainwell, Mich. STOCK--Common, $500,000 authorized, $500,000 issued. Dividend rate last two years, 10%, payable quarterly. FUNDED DEBT--First Mortgage 5's, due 1913-1925; denominations, $500 and $1,000. Interest dates, F-A, I. Michigan Trust Co., of Grand Rapids, Trustee. Authorized, $250,000; outstanding, $240,000. TRANSFER AGENT--Michigan Trust Company, Grand Rapids, Mich. ANNUAL MEETING--Second Tuesday in January. Fiscal year ends December 31. No financial statement available. NET EARNINGS APPLICABLE TO DIVIDENDS. 1908 1909 1910 1911 $59,570.23 $57,728.55 $64,388.82 $66,827.72 1912 1913 $66,567.09 Not Reported MICHIGAN POWER COMPANY. INCORPORATION--Under Laws of Michigan. BUSINESS Serving city of Lansing with electric power. OFFICERS--President, F. A. Stewart; Vice-President, George W. York; Secretary, L. M. Rutledge; Treasurer, M. A. Devitt;, General Manager, D. W. Low. DIRECTORS--F. A. Stewart, G. W. York, M. A. Devitt, D. W. Low, Chas. A. Otis, C. C. Carnahan. PRINCIPAL OFFICE--Lansing, Mich. STOCK--Common, $2,300,000 authorized, $2,300,000 issued. Dividend rate not yet established. Preferred, $200,000 authorized, $200,000 issued. Dividend rate, 6%, cumulative, payable semi-annually. Dividend record, none. FUNDED DEBT--First Mortgage 5's, due 1914-1935. Interest dates, F-A, 1. American Trust & Savings Bank and Frank H. Jones, Chicago, Trustees. Authorized, $2,500,000; outstanding, $1,150,000. TANSFER AGENTS--The Company. ANNUAL MEETING--March. Fiscal year ends December 31. CONDENSED BALANCE SHEET. (A. of May. 1913.) ASSETS LIABILITIES Plant $3,795,197.86 Common stock $2,300,000.00 Receivables 17,027.33 Preferred stock 200,000.00 Cash 1,475.64 Bonds 1,150,000 00 Merchandise 12,654.51 Depreciation fund.. 143,032.34 Prepaid items... 2,594.69...
