VOTING POWERS AND ELECTIONS. The par value of the common and preferred stock is $100, each share of which is entitled to one vote. Voting rights are proportional to holdings and are not attached to any security other than stock and no class or issue of securities has any special privilege in the election of directors, trustees or managers, or in the determination of corporate action by any method. The stock books were closed March 20 to 26, 1919, for annual meeting. The total voting power of all security holders on March 20, 1919, was 5,400 votes. The total number of stockholders was 185. The following is a list of twenty stockholders who on March 20, 1919, had the highest voting powers in the respondent: 1 Trustees under will of Benjamin P. Cheney for E. P. Cheney et als. 2 Union & New Haven Trust Company, trustee under will of J. Willis Downs. NOTE. Have no knowledge of terms or nature of trust under which stock is held. There were 2,862 votes cast for the election of directors at the annual meeting held March 27, 1918, at Milford, Mass. 138 138 128 128 124 100 ་ྲ ཎྜ ཙ རཱྀ ཎྜཱ 124 100 75 75 61 61 60 60 58 58 57 57 52 52 Respondent's Investment in Road and Equipment at Close of Year. Length of road owned (miles), Length of track owned (miles), Average investment per mile of track, † Credit. Average investment per mile of road, exclusive of improvements on leased lines, $1,079,844 01 15,852 29 50,140 47 $1,145,836 77 33.425 $34,280 83 35.523 $32,256 19 Interest Liability at Close of Year MORTGAGE BONDS. Milford, Holliston & Framingham St. Ry. Co. first mortgage gold bonds. Jan. 1, 1898 Jan. 1, 1923 7 Jan. 1-July 1 $165,000 00 $165,000 00 $165,000 00 Milford & Uxbridge St. Ry. Co. cons. railway mort. gold bonds, GRAND TOTAL, $5,775 00 mort. gold bonds. Milford & Uxbridge St. Ry. Co. cons. railway mort. gold bonds. 335,000 00 335,000 00 $15,076 52 $3,025 17 23,450 00 20,000 00 11,725 00 GRAND TOTAL, $500,000 00 $500,000 00 $15,076 52 $3,025 17 $35,000 00 $30,000 00 $17,500 00 |