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 CONSOLIDATED MORTGAGE. 
 
 
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 Dated November 1st, 1880 
 
 
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 CWAS. A. SCARING, STATIONER, 
 30 & AO EXCHANGE PLACE- 
 NEW YORK. I 
 
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 AS TRUS TEE. 
 
 CONSOLIDATED MORTGAGE. 
 
 Dated November 1st, 1889. 
 
 New York : 
 
 Chas. A. Searing, Stationer, 38 and 40 Exchange Place. 
 
 4889. 
 
The Oregon Improvement Company 
 
 TO 
 
 The Farmers’ Loan and Trust Company. 
 
 CONSOLIDATED MORTGAGE. 
 
 ©his fndmtuw, made the first day of November, 
 in the year of our Lord one thousand eight hundred and 
 eighty-nine, between The Oregon Improvement Com¬ 
 pany, a body corporate created, organized, and existing 
 under and by virtue of the laws of the State of Oregon, 
 party of the first part, and The Farmers’ Loan and 
 Trust Company, a body corporate, created, organized, 
 and existing under and by virtue of laws of the State of 
 New York, party of the second part. 
 
 
 Whereas, the objects and business of the said party 
 of the first part, by virtue of its original and amended 
 Articles of Incorporation, and by virtue of the laws of 
 said State of Oregon, are as follows : 
 
 QJ 
 
 First. —To contract for the construction and equip¬ 
 ment, and to construct and equip, railroads and telegraph 
 r lines, military roads, canals, docks, locks, bridges, and 
 other public works ; to receive payment therefor in cash 
 or in stocks, shares, bonds, or other securities ; and to 
 yn maintain and operate such railroads and other works 
 during construction and until completion and transfer 
 
2 
 
 thereof to the contracting company, carry freight and 
 passengers, and receive tolls for same. 
 
 Second. —To lease and operate and maintain, on sncli 
 terms as may be agreed upon, any railroad or railroads, 
 with its or their rolling stock, equipments, or appurte¬ 
 nances, or any military road, steamship or steamboat 
 line, canal, dock, locks, bridge, or other public work. 
 
 Third.—T o promote or facilitate and assist the con¬ 
 struction, building, extension, equipment, or operation 
 of any railroad line, steamship line or steamboat line, 
 and the formation of any companies for such purposes, 
 or for mining or working coal or iron, or for the im¬ 
 provement of real estate, and for such purpose to sub¬ 
 scribe for or purchase the stocks or bonds of any such 
 company, or to guarantee or otherwise secure the pay¬ 
 ment of any such bonds, or the interest thereon, or the 
 payment of dividends on any such stocks by pledge or 
 mortgage of the property of this corporation, or any 
 part thereof, or otherwise. 
 
 Fourth. —To build, purchase, and own and run 
 steamships between the ports of Portland, Astoria, 
 Seattle, Victoria, Sitka, San Francisco, or any other 
 ports of the North Pacific Ocean, and steamboats on the 
 Columbia, Willamette, and Snake Rivers, and on Puget 
 Sound, and also to build, purchase, and own docks, 
 piers, warehouses, locks, ferryboats, stages, and other 
 means of transportation. 
 
 Fifth. —To buy and sell stocks, bonds and shares, 
 lend money on any real or personal security, negotiate 
 loans, and transact any other business usually trans¬ 
 acted by a credit or finance company. 
 
 Sixth. —To buy and sell iron, ties, locomotives, cars 
 and any and all other railroad supplies and materials. 
 
 # 
 
3 
 
 Seventh. —To purchase, acquire, rent, hold, drain, 
 improve, cultivate, lease, mortgage, sell, convey and 
 dispose of inqoroved and unimproved lands, and town 
 and city lots and property. 
 
 Eighth.— To erect, construct and maintain buildings 
 upon its own property or leased property, for stores, 
 offices, dwelling-houses, warehouses, shops, factories, 
 mills and every other lawful purpose. 
 
 Ninth.— To purchase, acquire, hold, open, develop, 
 work, lease, mortgage, sell, convey and dispose of gold, 
 silver, iron, coal, copper and other mines. 
 
 Tenth. —To build, construct and maintain in repair 
 streets and roads, railroads and street railroads, ad¬ 
 jacent to or leading to and from its property. 
 
 Eleventh.— To borrow money on bonds, notes, de¬ 
 bentures or otherwise, and to mortgage all or any of its 
 property, real or personal, to secure payment of the 
 same. 
 
 Twelfth. —To loan money upon personal or real 
 estate security and to take mortgages upon real or per¬ 
 sonal property to secure loans made by it. 
 
 Thirteenth.— To obtain the necessary charters or 
 other authorization to enable the company to carry on 
 business in any part of the United States and in the 
 Dominion of Canada. 
 
 Fourteenth. —To construct and equip a railroad and 
 telegraph line from some point upon the Columbia 
 RiVer at or near the town of Umatilla, in Umatilla 
 County, in the State of Oregon, by the most practicable 
 route over the Blue Mountains to Baker City, in Baker 
 County, Oregon, and to maintain and operate such rail- 
 
4 
 
 road and telegraph line, transmit messages over its 
 telegraph line and receive compensation therefor, and 
 carry freight and passengers over its railroad and re¬ 
 ceive tolls therefor. 
 
 Fifteenth. —To purchase, acquire, hold, maintain, 
 and operate, on such terms as may be agreed upon, the 
 railroad, rolling stock, equipment, and appurtenances 
 of any railroad or railroads, telegraph line or telegraph 
 lines, now constructed, or which may hereafter be 
 constructed, in the State of Oregon or Washington 
 Territory. 
 
 And, lastly, generally to do and perform every¬ 
 thing necessary, proper or convenient to carry into 
 effect the objects aforesaid. 
 
 And Whereas, the party of the first part, on or 
 about the ffrst day of December, a. d. 1880, duly made, 
 executed and delivered its certain First Mortgage, bear¬ 
 ing date on said last mentioned date, to the Farmers’ 
 Loan and Trust Company (of New York), as Trustee, 
 to secure the payment of the principal and interest and 
 the sinking fund payments of its certain First Mortgage 
 Bonds, five thousand in number, for one thousand dol¬ 
 lars each, amounting in the aggregate to five million 
 dollars, as provided for and required by the terms and 
 provisions of said First Mortgage, of which said five 
 thousand bonds, four hundred and eighty-six, amount¬ 
 ing to four hundred and eight-six thousand dollars, 
 have been redeemed and cancelled by operation of the 
 sinking fund provisions of said First Mortgage and the 
 remainder of said bonds, four thousand five hundred 
 and fourteen in number, and four million five hundred 
 and fourteen thousand dollars in amount, are now out¬ 
 standing and are held for value by sundry persons, 
 firms and corporations ; 
 
 And Whereas, all said four thousand five hundred 
 
 4 
 
5 
 
 and fourteen First Mortgage Bonds are subject to pay¬ 
 ment and redemption by the party of the first part, at 
 not exceeding one thousand and sixty dollars per bond, 
 pursuant to the terms and provisions of said First 
 Mortgage ; 
 
 And whereas, since the making, issuing and deliv¬ 
 ery of the First Mortgage and the said bonds secured 
 thereby, the party of the first part has purchased and 
 acquired, and now owns and is possessed of real and per¬ 
 sonal property of great value, which, with the real and 
 personal property owned and possessed by the party of 
 the first part at the time of the making, issuing and de¬ 
 livery of said First Mortgage and the said bonds secured 
 thereby, is more particularly designated, referred to and 
 described in the schedule hereto annexed and hereby in¬ 
 corporated into and made a part hereof ; 
 
 And whereas, the party of the first part, subse¬ 
 quently and on or about March 1st, 1888, duly author¬ 
 ized and created an issue of its Preferred Stock to the 
 nmount of twenty thousand shares of the par value of 
 one hundred dollars per share, which said shares of Pre¬ 
 ferred Stock are entitled to all the privileges and rights 
 of its Common Stock, and in addition thereto is entitled 
 to such dividends as the net earnings of the Company 
 each fiscal year shall suffice to pay, not exceeding seven 
 per cent, per annum, before any dividend is paid to the 
 Common Stock, of which said issue of Preferred Stock, 
 twenty thousand shares, of the par value of two million 
 dollars have been issued by the Company and are now 
 outstanding ; 
 
 And whereas, the party of the first part is indebted 
 to sundry persons, firms and corporations for unpaid 
 balances of the purchase price of some of the property 
 designated and described in said schedule, or for mon¬ 
 eys borrowed for the purpose of paying said purchase 
 
6 
 
 price, and lias contracted for the purchase or acquisition 
 of other property necessary and proper for the general 
 purposes of the Company and for the further prosecu* 
 tion of its objects and business ; 
 
 A nd whereas, the party of the first part deems it 
 desirable and expedient to provide for the conversion,, 
 consolidation and funding of all its said indebtedness and 
 the said outstanding shares of its Preferred Stock into an 
 issue of Consolidated Mortgage Bonds, and has resolved 
 so to do, and has also resolved to provide means for the 
 general purposes of the Company and for the further 
 prosecution of its objects and business ; 
 
 A xd whereas, the Board of Directors of The Ore¬ 
 gon Improvement Company, party of the first part, at 
 a meeting thereof, duly and legally called and held at the 
 office of the Company at Portland, Oregon, on the 4th 
 day of November, a. d. 1889, did resolve, for the afore 
 said purposes, in substance and legal effect that it, the 
 party of the first part, make, issue and deliver its certain 
 bonds for fifteen million dollars, bearing date the first day 
 of October, 1889, payable to The Farmers’ Loan and 
 Trust Company, or bearer, in New York, in gold coin of 
 the United States of the present standard of weight and 
 fineness, on the first day of October 1939, with interest 
 from and after said first day of October, 1889, at the 
 rate of five per cent, per annum, payable in like gold 
 coin, semi-annually, on the first days of April and Octo¬ 
 ber, in each year, until the payment of the principal of 
 said bonds, respectively ; 
 
 And whereas, said Board of Directors, did at said 
 
 meeting resolve further, in substance and legal effect,, 
 
 that said The Oregon Improvement Company make, 
 
 execute and deliver to The Farmers’ Loan and Trust 
 
 % 
 
 Company, party of the second part, a mortgage or deed 
 of trust, under the corporate seal of said party of the 
 
7 
 
 first part, granting, conveying, transferring and assign¬ 
 ing to the party of the second part, as Trustee, and to its 
 successor or successors, in trust , all its corporate prop¬ 
 erty, real and personal, of every nature and description, 
 by it now owned or acquired, or which shall be hereafter 
 owned or acquired, together w T ith its franchises, as secur¬ 
 ity for the payment of the principal and interest of each 
 and every of said bonds, subject and subordinate only 
 to the said First Mortgage to The Farmers’ Loan and 
 Trust Company, and to the lien thereof ; and that said 
 Mortgage or Deed of Trust should bear date the first day 
 of November, 1889 ; 
 
 And whereas, said fifteen million dollars of bonds, 
 together with the interest warrants or coupons in repre¬ 
 sentation of the semi-annual interest to grow due thereon, 
 have been duly authorized by The Oregon Improve¬ 
 ment Company to be made, executed and delivered to 
 The Farmers’ Loan and Trust Company, as Trustee, 
 and to be by it certified, issued, delivered or negotiated, 
 as provided in the Fourth Article hereof, and not other¬ 
 wise ; the said bonds, the certification thereof, and the 
 interest warrants or coupons thereof to be in the follow¬ 
 ing form, viz. : 
 
 Consolidated Mortgage Bond 
 
 of THE 
 
 Oregon Improvement Company. 
 
 No. * $1,000. 
 
 Entire Issue limited to $15,000,000. 
 
 The Oregon Improvement Company, a body cor¬ 
 porate, created, organized and existing under and pur¬ 
 suant to the laws of the State of Oregon, promises to 
 pay to The Farmers’ Loan and Trust Company (of 
 
8 
 
 New York), or bearer, at its agency in New York, 
 the sum of one thousand dollars in gold coin of 
 the United States of the present standard of weight 
 and fineness, on the first day of October, a. d. 1939, 
 and interest thereon in the meantime and until the 
 payment of this bond at the rate of five per cent, per 
 annum, payable at the office of the Company in New 
 York, in like gold coin, semi-annually, namely, on the 
 first days of April and October, in each year, upon pres¬ 
 entation and surrender of the annexed coupons therefor 
 as they severally mature. 
 
 Payment of the principal and interest of this bond, 
 and of the other bonds of the same series, not exceeding 
 the aggregate par value of $15,000,000, is secured by a 
 Mortgage or Deed of Trust, dated November 1, 1889, to 
 The Farmers 7 Loan and Trust Company, as Trustee, 
 for the equal benefit and security of each and every 
 holder of said bonds, granting, conveying, transferring 
 and assigning to said Trust Company and its successoi s 
 in said trust, all the corporate property real and per¬ 
 sonal, and of every nature and description, of the 
 obligor, now owned or acquired, or hereafter owned or 
 acquired by it, together with its franchises, upon the 
 terms and conditions therein recited, but subject and sub¬ 
 ordinate to a certain prior mortgage, dated December 
 1st, 1880, to The Farmers’ Loan and Trust Company, 
 and to the lien thereof. 
 
 This bond is not valid or obligatory for any purpose 
 unless duly authenticated by the execution of the certi¬ 
 ficate of said Trust Company endorsed hereon. 
 
 In witness whereof, The Oregon Improvement Com- 
 pany has hereunto affixed its corporate seal and caused 
 
9 
 
 this bond to be signed by its President and Assistant 
 Secretary this first day of October, 1889. 
 
 President, 
 
 Assistant Secretary. 
 
 4 / 
 
 Form of Coupon. 
 
 $25. No. 
 
 The Oregon Improvement Company promises to 
 pay the bearer on first at 
 
 its office in New York, twenty-five dollars interest due 
 that day on its consolidated mortgage bond No. 
 
 Treasurer. 
 
 Certificate of Trustee. 
 
 The Farmers’ Loan and Trust Company hereby certi¬ 
 fies that this bond is one of the bonds mentioned in the 
 within described mortgage. 
 
 The Farmers’ Loan and Trust Company, 
 
 Trustee. 
 
 By 
 
 Vice-President. 
 
This bond may be registered in the holders’ name on 
 the books of the Oregon Improvement Company, and 
 such registry shall be noted on the bond, after which no 
 transfer shall be effectual unless it shall be made on the 
 Company’s books and noted on the bond, but the same 
 may be discharged from registry by being so transferred 
 to bearer, after which it shall be transferable by deliv¬ 
 ery, but may be again and from time to time registered 
 as before. The transfer of the coupons by delivery shall 
 not be affected by the registry of the bond. 
 
 NOW THEREFORE THIS INDENTURE WITNESSETH: 
 
 That said party of the first part, in consideration of 
 the jjremises, and in order to secure the due and punc¬ 
 tual payment of the principal and interest of said con¬ 
 solidated mortgage bonds issued and to be issued, doth 
 by these presents grant, bargain, sell, convey, transfer 
 and assign, and by these presents has granted, bargained, 
 sold, conveyed, transferred and assigned, unto the said 
 The Farmers’ Loan and Trust Company, and its 
 successor or successors and assigns, as Trustee, all and 
 singular the property, real, personal and mixed, of the 
 said party of the first part, heretofore acquired and now 
 owned by it, and more particularly designated, referred 
 to and described in the schedule hereto annexed, and here¬ 
 by incorporated into and made a part hereof ; and also 
 all and singular the property, real, personal and mixed, 
 which shall be hereafter acquired and owned by it, and 
 wheresoever situated ; together with its lands, tenements 
 and hereditaments, land contracts, coal mines, coal 
 lands and dock property ; and also all and singular the 
 railroads and telegraph line or lines of the party of the 
 first part, constructed or to be constructed upon or over 
 the lines or routes in its articles of incorporation men¬ 
 tioned and described ; and also all the lands, tenements 
 and hereditaments, acquired or appropriated, and which 
 
11 
 
 may hereafter be acquired or appropriated, for the 
 purpose of a right of way for said railways ; and all the 
 easements and appurtenances thereunto belonging, or in 
 any wise appertaining ; and all railways, ways, and 
 rights of way, depot grounds, tracks, bridges, viaducts,, 
 culverts, fences and other structures, depots, station- 
 houses, engine-houses, car-houses, freight-houses, wood- 
 houses, warehouses, machine-shops, work-shops, super¬ 
 structures, erections and fixtures, whether now held or 
 hereafter at any time acquired, for the use of said rail¬ 
 ways or in connection therewith or the business thereof *, 
 also all locomotives, tenders, cars and other rolling stock 
 or equipment, and all rails, ties, chairs and machinery, 
 tools, implements, fuel and materials whatsoever, for or 
 in respect of the constructing, operating, repairing or 
 replacing said railways, or any part thereof, or convenient 
 or necessary for use for the purposes thereof, whether held 
 and owned at the time of the making of this mortgage 
 or hereafter acquired by said party of the first part, 
 together with all the equipments or appurtenances what¬ 
 soever thereunto belonging, whether now held or here¬ 
 after acquired ; and all franchises connected with or re¬ 
 lating to said railways and said line or lines of telegraph, 
 or the construction, maintenance or use thereof, now 
 held or hereafter acquired by said party of the first part; 
 and all corporate franchises of any nature relating 
 thereto, including the franchise to be a corporation and 
 operate said railways, together with all and singular 
 the endowments, income and advantages, tenements, 
 hereditaments and appurtenances to the above-mentioned 
 lands, railroad premises, or property belonging or in any 
 wise appertaining, and the reversion and reversions, re¬ 
 mainder and remainders, tolls, incomes, rents, issues and 
 profits thereof ; and also the estate, right, title, interest, 
 property, possession, claim and demand whatsoever, as 
 well in law as in equity, present or prospective, r of the said 
 
12 
 
 party of tlie first part, of, in and to the same, and every 
 part and parcel thereof, with the appurtenances thereunto 
 belonging; and also all its steamships, steamboats, ves¬ 
 sels and barges, together with their tackle, apparel and 
 furniture, boats, anchors, cables, stores, and all other 
 necessaries thereunto pertaining and belonging, now 
 owned, possessed, or acquired, or which shall hereafter 
 be owned, possessed, or acquired by said party of the 
 first part; and also all the freights, rents, tolls and 
 income thereof; and also all the stock of all other the 
 corporations mentioned or referred to in said Schedule, 
 and now owned and possessed, or which shall 
 hereafter be owned or acquired, by said party of the 
 first part, together with all the incomes, dividends,rights, 
 and interests thereunto belonging ; and also all locks, 
 basins, docks, wharves, slips, superstructures, erections, 
 and fixtures ; and all and singular the franchises, rights 
 and privileges now owned, possessed, or acquired, or 
 which shall hereafter be owned, possessed, or acquired 
 by said party of the first part ; and also all goods and 
 chattels now owned or which shall hereafter be owned by 
 said party of the first part, and in any way relating or 
 pertaining or belonging or connected with its business, 
 or used for operating the same, together with all rents, 
 issues, incomes, profits, moneys, rights, benefits and ad¬ 
 vantages derived, or to be derived, had or received there¬ 
 from by said party of the first part, in any way what¬ 
 ever ; to have and to holh all and singular the prem¬ 
 ises, rights, franchises, property, real and personal, 
 herein and hereby assigned, mortgaged, pledged and 
 conveyed, or intended so to be, and every part and par¬ 
 cel thereof, with all the appurtenances to the same be¬ 
 longing or in any wise appertaining unto it, the said 
 party of the second part hereto, and to its successor or 
 successors, and to its assigns, in trust for the person or 
 persons, firm or firms, bodies politic or corporate, who 
 
13 
 
 have heretofore or shall hereafter at any time become 
 the purchasers or holders or owners of any or either of 
 said bonds, amounting in the aggregate to fifteen million 
 dollars, and no more, subject to the terms, provisos, 
 and stipulations in said bonds contained ; and 
 subject also to the possession, management, control 
 and disposition of all the said property by the said party 
 of the first part, and its successors or assigns, except as 
 it is specifically provided otherwise herein, so long as no 
 default shall be made in the payment of either interest or 
 principal of said bonds, or upon either of them, and so 
 long as the party of the first part shall well and truly 
 observe, keep and perform all and singular the covenants, 
 agreements, conditions, and stipulations in the said 
 bonds, and in this indenture contained and set forth, 
 and which are to be observed and kept and performed by 
 and on the part of the said party of the first part; and 
 subject also to the covenants, agreements, conditions, 
 and stipulations in this indenture contained and set 
 forth. 
 
 And the said party of the first part hath covenanted 
 and agreed, and by these presents doth for itself, its 
 successors and assigns, covenant and agree with the 
 party of the second part hereto, and its successor or suc¬ 
 cessors, in the manner and form following, that is to 
 say 
 
 First.— That the said party of the first part, and its 
 successors, shall and will pay or cause to be paid, all 
 taxes, charges, rates, levies and assessments, imposed, 
 assessed or levied, or which hereafter may be imposed, 
 assessed or levied upon the premises, franchises and 
 property hereby mortgaged, conveyed and assigned, or 
 intended so to be, and shall and will, at its own proper 
 cost, expense and charge, do, or cause to be done, all 
 acts and things necessary and proper to be done or per¬ 
 formed in order to preserve and keep valid and intact 
 
14 
 
 this lien or incumbrance, upon all and singular the 
 aforesaid premises, property and franchises hereby cre¬ 
 ated or intended so to be, subject however, to the terms 
 and conditions hereof ; and further, that the lien or in¬ 
 cumbrance created by the execution and delivery of this 
 indenture constitutes and is in fact a valid lien and 
 incumbrance upon the premises, property and franchises 
 herein described, subject only to the lien of said First 
 Mortgage to The Farmers’ Loan and Trust Com¬ 
 pany. 
 
 Second. —That said party of the first part, and its 
 successors, shall and will at any time or times hereafter, 
 and from time to time, execute, acknowledge and de¬ 
 liver under its corporate seal, to the said party of the 
 second part, and its successor or successors, such other 
 and further assurances, deeds, mortgages, obligations, 
 transfers, assignments, bills of sale, indentures and in¬ 
 struments in writing, and shall and will do and perform 
 all such further and other acts or things, as shall or may 
 be proper or necessary, or as its counsel learned in the 
 law shall deem necessary, proper, or expedient, for the 
 better and more effectively securing the payment of said 
 bonds, and the interest due or to grow due thereon, or 
 for the carrying into effect the true intent, design, ob¬ 
 jects and purposes of these presents, or making, preserv¬ 
 ing, continuing and keeping valid and effectual the lien 
 and incumbrance created or intended to be created by 
 the execution, delivery and recording of this indenture 
 upon all the property, real and personal, railways, steam¬ 
 ships, vessels, equipments, tackle, apparel and furniture 
 thereof, franchises and effects now owned, possessed, or 
 acquired, or which shall hereafter be owned, possessed, 
 or acquired by said party of the first part. 
 
 Third. —That the said party of the first part shall and 
 will well and truly pay said sums of money in the said 
 
15 
 
 bonds mentioned, together with the semi-annual interest 
 due or to become due thereon, at the rate of five per 
 •cent per annum, at the times and in the manner, and at 
 the place specified therein. 
 
 Fourth.— That all the bonds hereby secured, or in¬ 
 tended so to be, after having been from time to time 
 first duly made and executed by the party of the first 
 part, shall be delivered to the party of the second part, 
 as Trustee, and after having been duly authenticated by 
 the execution of the certificate of said Trust Company 
 endorsed thereon, shall be by it issued and delivered or 
 disposed of from time to time as hereinafter in this the 
 Fourth Article provided, and not otherwise, that is to 
 say : 
 
 Subdivision 1. The said bonds to the amount of four 
 million five hundred and fourteen thousand dollars 
 ($4,514,000) of principal, being equal in amount to the 
 entire amount now outstanding of the said First Mortgage 
 Bonds issued under and secured by the hereinbefore de¬ 
 scribed First Mortgage of the party of the first part, all 
 of which are subject to payment and redemption as here¬ 
 inbefore recited, shall be held and retained by said 
 Trustee for issue and delivery, from time to time, to the 
 party of the first part, on its demand, as follows : 
 
 For each and every of said First Mortgage Bonds paid, 
 cancelled and surrendered by the party of the first part 
 in excess of the requirements of the Sinking Fund provis¬ 
 ions of said First Mortgage, one of said Consolidated 
 Mortgage Bonds, with all its then unmatured coupons 
 annexed, shall be delivered to the party of the first part ; 
 
 For each and every of said First Mortgage Bonds for 
 the payment, cancellation and redemption of which the 
 party of the first part shall deposit moneys with the 
 Trustee of said First Mortgage, sufficient to pay, cancel 
 and redeem First Mortgage Bonds in excess of the re- 
 
16 
 
 quirements of the Sinking Fund provisions of said First 
 Mortgage one of said Consolidated Mortgage Bonds, 
 with all its then miniatured coupons annexed, shall be 
 delivered to the party of the first part; 
 
 Whenever all the said First Mortgage Bonds have been 
 fully paid, cancelled or redeemed, or whenever the party 
 of the first part shall have deposited moneys with the 
 Trustee of the said First Mortgage sufficient to pay, 
 cancel and redeem all and every of said First Mortgage 
 Bonds then outstanding and unpaid, all of the remain¬ 
 der of said four million five hundred and fourteen 
 thousand dollars of principal of Consolidated Mortgage 
 Bonds, with the then unmatured coupons annexed, 
 shall be delivered to the party of the first part. 
 
 Subdivision The said bonds to the amount of two 
 million dollars ($2,000,000) of principal shall be held 
 and retained by said Trustee for issue and delivery, 
 from time to time, to the party of the first part, on its 
 demand, for conversion or substitution at par for its 
 shares of Preferred Stock, as follows : 
 
 For each and every ten shares of the Preferred Stock 
 of the party of the first part which it shall from time to 
 time acquire, withdraw and cancel, delivering the can¬ 
 celled certificate to the Trustee, one of said Consoli¬ 
 dated Mortgage Bonds, with all its then unmatured 
 coupons annexed, shall be delivered to the party of the 
 first part. 
 
 Subdivision 3. The said bonds to the amount of two 
 million dollars ($2,000,000) of principal shall be forth¬ 
 with issued and delivered to the party of the first part, 
 or to its order, on its demand. 
 
 Subdivision The remainder of said bonds, namely, 
 
 
17 
 
 bonds to the amount of six million four hundred and 
 eighty-six thousand dollars ($6,486,000) of principal 
 shall be issued and delivered to the party of the first 
 part from time to time on its demand, but only when 
 its demand shall be accompanied by a certified copy of 
 a vote or resolution of the Board of Directors of the 
 party of the first part, adopted at a regular meeting 
 thereof, by the affirmative vote of not less than two-thirds 
 of all the members of the Board of Directors ; such vote 
 or resolution shall recite that the bonds so demanded are 
 required for the acquisition of new property for the gen¬ 
 eral purposes of the company, and shall state the descrip¬ 
 tion and cost of such new property, and bonds to an 
 amount equal at par to the cost of such new property 
 shall be delivered to the party of the first part. 
 
 In making the deliveries of bonds contemplated in 
 this Fourth Article the Trustee shall, in each and every 
 case, effectually cancel all coupons of said Consolidated 
 Mortgage Bonds which shall have matured prior to the 
 date of such deliveries, respectively. 
 
 Fifth.— The shares of the capital stock of the com¬ 
 panies or corporations referred to and described in the 
 aforesaid Schedule, hereto annexed, and now owned and 
 possessed, or which shall hereafter be owned or 
 acquired by the party of the first part, and the shares 
 of the capital stock of all other companies or corpora¬ 
 tions now owned and possessed, or which shall hereafter 
 be owned or acquired by the party of the first part, and 
 the certificates for all such shares of capital stock, with 
 the exception of certificates for so many shares of each 
 of said several kinds of stock, in each and every of said 
 companies or corporations, as may be necessary to keep 
 up the organization of each company, shall be forth¬ 
 with assigned and delivered to The Farmers’ 
 Loan and Trust Company, as Trustee, to be held as 
 security, first , for the payment of the obligations of the 
 
18 
 
 party of the first part, as set forth and described in said 
 First Mortgage to it, and second , for the payment of the 
 obligations of the party of the first part, asset forth and 
 described in this Mortgage. But it is expressly cove¬ 
 nanted and agreed that of the shares of the capital 
 stock of the companies hereinbefore referred to, and of 
 all other the stock in any corporation whatsoever, now 
 owned and acquired or hereafter owned and acquired 
 by the party of the first part, herein assigned, trans¬ 
 ferred or conveyed to the party of the second part, 
 there shall, at all times, stand in the names of the nom¬ 
 inees of the party of the first part not less than twenty 
 of said shares of stock in each and every of said com¬ 
 panies, the said nominees to be appointed by the 
 resolution of the Board of Directors of the party of the 
 first part, at any regular meeting thereof, and that the 
 party of the second part will and shall, upon the request 
 of the party of the first part, such request to be evi¬ 
 denced by a resolution of the Board of Directors of the 
 party of the first part, make, constitute and appoint 
 the nominee or nominees of the party of the first part, 
 its proxy, agent and attorney, in its name, place, and 
 stead, to vote upon all and every the shares of stock 
 herein referred to or described, or intended so to be, 
 at all and every the meetings of the stockholders of 
 said companies respectively, or any of them, for all and 
 every purpose whatsoever, except for the creation of 
 loans, mortgages or obligations of said companies, or 
 either of them, upon any of the property covered, or 
 intended to be covered by this indenture, unless the same 
 shall expressly recognize the priority of the lien created 
 
 i 
 
 by this indenture. 
 
 Sixth.— The bonds referred to and described in said 
 Schedule, hereto annexed, and the evidence of owner¬ 
 ship and muniments of title of all the property herein 
 and hereby conveyed or intended to be conveyed, shall, 
 
19 
 
 on demand, be delivered to and lodged with The 
 Farmers’ Loan and Trust Company, as Trustee, to be 
 held as security, first , for the payment of the obliga¬ 
 tions of the party of the first part, as set forth and de¬ 
 scribed in said First Mortgage to it, and, second , for the 
 payment of the obligations set forth and described in 
 this Mortgage. 
 
 Seventh. —In case the party of the first part shall, at 
 any time, make default in the payment of the semi-an¬ 
 nual interest due, or to become due, on either or any of 
 said bonds issued pursuant to the terms of this Mort¬ 
 gage, and such default shall continue for the period of 
 ninety days, then, after the lapse of said ninety days, 
 the whole principal sum mentioned in each and all of 
 said bonds then outstanding, shall, at the option of the 
 holders of one-half of the then outstanding bonds, se¬ 
 cured hereby, forthwith be and become due and payable, 
 and the lien or incumbrance hereby created for the se¬ 
 curity and payment thereof may be at once enforced, 
 anything in said bonds or this indenture to the contrary 
 notwithstanding ; and it shall be lawful and the 
 said party of the second part, and its successor or 
 successors, is hereby expressly authorized and empow¬ 
 ered, upon the request, in writing, of the holders of one- 
 half of the then outstanding bonds secured hereby, to 
 enter into and upon, and to take actual possession of, 
 all and singular the premises, franchises, rights, prop¬ 
 erty, real and personal, and effects hereby granted, con¬ 
 veyed, assigned, mortgaged, pledged, transferred and set 
 over, or intended so to be, as a security for the payment 
 of said bonds, and by its agents to take, collect and 
 receive the tolls, earnings, income and profits thereof, 
 and of every part thereof, or to be derived therefrom ; 
 and said party of the second part, its successors or 
 successor, may thereafter proceed, and are hereby 
 expressly authorized and empowered thereupon, but 
 
20 
 
 within such reasonable time as it may deem proper,— 
 not less than sixty days,—and upon and after public 
 notice by advertising for at least once a week, four weeks, 
 in one or more newspapers published in the cities of San 
 Francisco, Cal., Portland, Oregon, and New York, to pro¬ 
 ceed to sell at public auction in the city of Portland, 
 Oregon, to the highest bidder, any part of or all and 
 singular the property, real and personal, and premises 
 hereby granted, conveyed, assigned, mortgaged, pledged, 
 transferred and set over, or intended so to be, and 
 all benefit and equity of redemption whatsoever of 
 said party of the first part hereto, of, in and to the same, 
 and every part and parcel thereof, together with the 
 benefit of the franchises belonging thereto or connected 
 therewith ; and as the attorney or attorneys of said 
 party of the first part hereto, for that purpose by these 
 presents duly appointed and constituted, the said party 
 of the second part and its successors or successor shall 
 have full power and authority to make, execute, and 
 deliver to the purchaser or purchasers thereof a good 
 valid and sufficient deed of conveyance or conveyances, 
 bill of sale or bills of sale, assignment or transfer of all 
 and singular the said property, real and personal, rights 
 and premises, hereby granted, assigned, transferred or 
 conveyed as aforesaid ; which sale so to be made as afore¬ 
 said and which deeds, conveyances, assignments, 
 bills of sale and transfer, so to be made and delivered as 
 aforesaid, shall operate to convey, assign, transfer and 
 vest in said purchaser or purchasers all the right, title, 
 interest and estate whatsoever, reversionary or otherwise, 
 of the party of the first part, of, in and to the premises 
 so sold, conveyed, assigned or transferred ; and said 
 sale so to be made shall be a complete and perpetual 
 bar, both at law and in equity, against the party of the 
 first part, its successors, assigns, and all persons or par¬ 
 ties claiming by, from or under it or them, in any wise 
 
21 
 
 or manner whatsoever ; and out of the moneys or pro¬ 
 ceeds arising from the said tolls, earnings or receipts of 
 said company or the premises, or at or from said sale so 
 to be made as aforesaid, after first deducting the ex¬ 
 penses, disbursements, costs, charges and counsel fees 
 incurred in-and about the conducting of said sale, or 
 running or operating said company’s property, the said 
 party of the second part, and its successors and suc¬ 
 cessor, shall pay the said bonds, or so many thereof as 
 shall be then outstanding and unpaid, together with all 
 the arrears of interest then due or owing upon the same, 
 rendering or paying over the surplus of all such moneys, 
 if any there shall be, to the said party of the first part 
 hereto, its successors or assigns ; but these provisions 
 are expressly declared to be cumulative and in addition 
 to the right of the trustee to foreclose this mortgage by 
 bill in equity in case such default shall be made and 
 continue for the ninety days as aforesaid. 
 
 Eighth.— It is expressly covenanted and agreed, and 
 it is an express condition of this instrument, that upon 
 the payment or redemption of all the bonds secured 
 hereby, together with the interest that shall become due 
 thereon, the interest and estate hereby granted or con¬ 
 veyed shall cease and determine, and the party of the 
 first part shall be thereupon reinvested and possessed of 
 the property, estate and interest hereby granted or con¬ 
 veyed, or intended to be conveyed, and this instrument 
 shall then be null and void. 
 
 Ninth.— It is also exjiressly covenanted and agreed, 
 and it is an express condition of this instrument, that 
 until the party of the first |iart shall have made some 
 default in the payment of the principal or the interest 
 secured hereby, or payable upon the said bonds or upon 
 any of them, or in the performance of some other of the 
 
22 
 
 covenants, stipulations or provisions on the part of the 
 party of the first part to be performed, the said party of 
 the first part shall be entitled to remain and continue in 
 the possession, use and enjoyment of all the said mort¬ 
 gaged premises (saving and excepting the possession of 
 the certificates for said shares of stock and the said bonds 
 or negotiable securities hereinbefore referred to, and as to 
 which it is provided that they shall be lodged with and re¬ 
 tained by The Farmers’ Loan and Trust Company),. 
 lands, properties, rights and franchises, and shall be en¬ 
 titled to receive, collect, disburse and dispose of all the 
 income, rents and profits of all said mortgaged premises 
 and properties, including all moneys due from under¬ 
 writers or insurance companies, the dividends upon said 
 shares of stock and the interest to grow due upon any 
 of said bonds or securities. 
 
 Tenth.—I t is also expressly covenanted and agreed 
 that from time to time, the party of the first part may 
 sell, lease or otherwise dispose of such, or so much of 
 the property herein and hereby assigned, mortgaged, 
 pledged and conveyed, or intended so to be, as shall be 
 no longer requisite and necessary for its business, pro¬ 
 vided always that such terms and conditions upon all and 
 every such sales, leases or other disposition of such prop¬ 
 erty shall provide for the payment or application of the 
 moneys arising thereon, either to the purchase of 
 property necessary or proper for the business 
 of the party of the first part, the property so 
 purchased to be subject to all and every the terms, provis¬ 
 ions and conditions of this indenture and the lien there¬ 
 of, or to the redemption and cancellation of the bonds 
 secured thereby; and it is further covenanted and 
 agreed by and between the parties hereto, that any of 
 
23 
 
 the property of the said party of the first part affected 
 by this mortgage, not required for its use in connection 
 with the operation of its railroad, steamship or steam¬ 
 boat lines may be sold at the discretion of said party of 
 the first part, and that said party of the second part 
 shall release such property from the lien of this mort¬ 
 gage upon presentation of the certificate of the Gen¬ 
 eral Manager of said party of the first part to the effect 
 that a sum equal in amount to the proceeds of such 
 property so sold has been used in the purchase of other 
 property, which certificate shall be conclusive evidence 
 thereof to the Trustee. 
 
 Eleventh.— It is understood and hereby mutually 
 covenanted and agreed by and between the parties hereto 
 that the word “ trustee,” or the words “party of the 
 second part,” when and as used in these presents, shall, 
 for all purposes, be taken, held and construed to mean, 
 include and describe the person or persons, or the cor¬ 
 poration or corporations, who or which shall, for the 
 time being, and from time to time, be charged with the 
 trusts hereby and herein created and expressed, whether 
 the same be the said party of the second part, or any 
 successors or successor in said trust. And that the 
 trustee shall not in any manner be answerable for any 
 act, default, neglect, or misconduct of any of its agents 
 or employees by it appointed or employed in the execu¬ 
 tion of any of the said trusts, provided such agent or 
 employee shall have been selected with reasonable dis¬ 
 cretion ; nor shall it be answerable in any other case, 
 except for its own wilful default or misconduct. It 
 shall be no part of the Trustee’s duty to record this 
 mortgage or to file the same as a chattel mortgage, or do 
 anything to render or give notice of the lien of this mort¬ 
 gage ; nor shall it be any part of its duty to effect insur¬ 
 ance against fire or marine or other damage ; nor shall it 
 
24 
 
 be incumbent upon the Trustee to do anything as Trustee 
 unless requested in writing by bondholders so to do and 
 indemnified to its satisfaction against all expense in so 
 doing and all possible claims for damages. That the 
 trustee shall be entitled to just compensation for all 
 services it may render, and to be reimbursed for all 
 reasonable expenses and liabilities by it paid or incurred 
 in the execution of said trusts ; and that, before com¬ 
 plying with any of the requests or demands of bond¬ 
 holders herein contemplated, the trustee may require 
 sufficient indemnity to reimburse it for all reasonable 
 expenses, charges or liabilities which may be incurred 
 by it in so doing. And that the trustee may resign and 
 be discharged of the said trusts by giving notice in 
 writing to the said party of the first part at least ninety 
 days before such resignation shall take effect, or such 
 shorter period as the said party of the first part shall 
 accept as sufficient notice. 
 
 It is further agreed, that the trustee may, at any 
 time, lie removed by a declaration in writing, signed by 
 a majority in interest of the holders of all the bonds 
 hereby secured, at the time outstanding and unpaid ; 
 and that in case of the resignation, incapacity or re¬ 
 moval of the trustee, a successor or successors may be 
 
 #/ 
 
 appointed by a majority in interest of the holders of 
 said bonds then outstanding and unpaid, by an instru¬ 
 ment in writing signed by them ; and in case such 
 majority do not agree upon the appointment of a new 
 trustee or new trustees within thirty days after a 
 vacancy shall occur, then the said party of the first part, 
 or the holder or holders of any of said bonds to the 
 amount of one hundred thousand dollars, may apply to 
 any court of competent jurisdiction for the appointment 
 of a new trustee or new trustees, upon such notice as 
 such court shall prescribe, to be served or given in such 
 
manner, and upon or to such party or parties, person or 
 persons, as such court shall direct, or upon such notice 
 as shall' be in accordance with the rules and practice of 
 the court. And the trustee or trustees appointed by 
 the majority in interest of the said bondholders or by 
 said court, shall, on his or their acceptance of such ap¬ 
 pointment, thereby and thereupon become and be vested 
 with all the powers, authorities, estates, rights, titles, 
 and interests granted to and conferred upon the said 
 party of the second part by these presents, without any 
 further assurance or conveyance whatsoever ; neverthe¬ 
 less, the trustee or trustees resigning, or being removed, 
 shall immediately, on demand of the new trustee or 
 trustees, execute, acknowledge and deliver all such con¬ 
 veyances, assurances, and other instruments as may be 
 appropriate or expedient for the purpose of conveying 
 and assuring the legal title to the premises to such new 
 trustee or trustees. 
 
 Twelfth. -The party of the second part, by the 
 execution of these presents, accepts the trusts hereby 
 created, and covenants and agrees to execute the cer¬ 
 tificate upon each and every of said bonds, and to cer¬ 
 tify, issue and deliver the same in conformity with the 
 provisions of the Fourth Article hereof, and not other¬ 
 wise, and immediately after such execution of said cer¬ 
 tificate to deliver the said bonds to the party of the first 
 part, or to its order. 
 
 Ih witness whereof, The said parties of the first 
 and second parts hereto have hereunto, and unto nine 
 other duplicate originals hereof, affixed their respective 
 corporate seals, and have respectively caused these 
 presents to be signed by their respective Presidents and 
 
26 
 
 Secretaries, or Assistant Secretaries, this first day of No- 
 vember, A. d. 1889. 
 
 The Oregon Improvement Company, 
 
 Attest: 
 
 Elijah Smith, 
 
 President. 
 
 [seal.] 
 
 P. W. Smith, 
 
 Assistant Secretary . 
 
 The Farmers’ Loan and Trust Company, 
 
 Attest : 
 
 R. G. Rolston, 
 
 Presidents 
 
 [SEAL.] 
 
 E. S. Marston, 
 
 Secretary s 
 
 Sealed and delivered 
 
 in the presence of 
 
 W. J. Flesher, 
 
 A. W. Hornung, 
 C. E. Bond, 
 
 B. B. Sloan, 
 
 C. R. Leake, 
 
 F. A. Wilson, 
 
 As to the Oregon Improvement 
 Company. 
 
 As to the Farmers’ Loan and 
 Trust Company. 
 
27 
 
 State of New York, i 
 City and County of New York. \ ss ' * 
 
 Be it remembered, That on this 19th day of No¬ 
 vember, a. d. one thousand eight hundred and 
 eighty-nine, before me, a Commissioner of the State of 
 Oregon, in and for the State of New York, residing in 
 said city of New York, personally came Elijah Smith, 
 President of The Oregon Improvement Company, 
 the corporation described in the foregoing instrument as 
 the party of the first part thereto, and who is personally 
 well known to me ; and he, being by me duly sworn, did 
 depose and say that he is, and at the time of the execu¬ 
 tion of said instrument was, the President, and that 
 Prosper W. Smith is and then was the Assistant Secre¬ 
 tary of the said Company ; that he knows the corporate 
 seal of said Company, and that the seal affixed to the 
 foregoing instrument as such is said corporate seal; that 
 the said seal was so affixed by the authority of the 
 Board of Directors of said Company ; and that he, as 
 President aforesaid, signed, and the said Prosper W. 
 Smith, as Assistant Secretary aforesaid, attested, the 
 said instrument by like authority. And the said Elijah 
 Smith, President as aforesaid, acknowledged the execu¬ 
 tion of said instrument as the act and deed of the said 
 Oregon Improvement Company, for the uses and pur¬ 
 poses therein expressed. 
 
 In witness whereof I have hereunto sub¬ 
 scribed my name and affixed my official 
 seal, at my office, in the said city of New 
 [l. s.] York, the day and year aforesaid. 
 
 L. R. Kidder, 
 
 Commissioner for the State of Oregon, 
 in the State of New York. 
 
28 
 
 State of New York, | 
 
 City and County of New York , f ss * * 
 
 Be it Remembered, That on this 19th day of No¬ 
 vember. A. d. one thousand eight hundred and eighty- 
 nine beforee, me. a Commissioner of the State of 
 Oregon in the State of New York, residing in said city 
 of New York, personally came Rosewell G. Rolston, 
 President of The Farmers’ Loan and Trust Company, 
 the corporation described in the foregoing instrument as 
 the party of the second part thereto, and who is person¬ 
 ally well known to me ; and he, being by me duly sworn, 
 did depose and say that he is, and at the time of the exe¬ 
 cution of said instrument was, the President, and that 
 Edwin S. Marston is and then was the Secretary of the 
 said Company ; that he knows the corporate seal of said 
 Company, and that the seal affixed to the foregoing instru¬ 
 ment as such is said corporate seal ; that the said seal 
 was affixed by the authority of the Board of Directors of 
 said Company ; and that he, as President aforesaid, 
 signed, and the said Edwin S. Marston, as Secretary 
 aforesaid, attested, the said instrument by like author¬ 
 ity. And the said Rosewell G. Rolston, President as 
 aforesaid, acknowledged the execution of said instru¬ 
 ment as the act and deed of the said The Farmer’s 
 Loan and Trust Company, for the uses and purposes 
 therein expressed. 
 
 In witness whereof I have hereunto sub¬ 
 scribed my name and affixed my 
 official seal, at my office in the said city 
 [l. s.] of New York, the day and year afore¬ 
 said. 
 
 L. R. Kidder, 
 
 Commissioner for the State of Oregon, 
 in the State of New York. 
 
29 
 
 State of New York, 
 
 City and County of New York, 
 
 ss.: 
 
 Be it Remembered, That on this 19 day of No¬ 
 vember, a. d. one thousand eight hundred and eighty- 
 nine before me, a Commissioner of the State of 
 California in and for the State of New York, residing in 
 said city of New York, personally came Elijah Smith, 
 President of The Oregon Improvement Company, the 
 corporation described in the foregoing instrument as the 
 party of the first part thereto, and who is personally well 
 known to me ; and he, being by me duly sworn, did depose 
 and say that he is, and at the time of the execution of said 
 instrument was, the President, and that Prosper W. 
 Smith is and then was the Assistant Secretary, of the 
 said Company ; that he knows the corporate seal of said 
 Company, and that the seal affixed to the foregoing in¬ 
 strument as such is said corporate seal; that the said seal 
 was so affixed by the authority of the Board of Directors 
 of said Company ; and that he, as President aforesaid, 
 signed,, and the said Prosper W. Smith, as Assistant 
 Secretary aforesaid, attested, the said instrument by 
 like authority. And the said Elijah Smith, President 
 as aforesaid, acknowledged the execution of said instru¬ 
 ment as the act and deed of the said Oregon Improve¬ 
 ment Company, for the uses and purposes therein ex¬ 
 pressed. 
 
 [L- S.] 
 
 In witness whereof I have hereunto sub¬ 
 scribed my name and affixed my official 
 seal, at my office in the said city of 
 New York, the day and year aforesaid. 
 
 Charles Taylor, 
 
 Commissioner for the State of California, 
 in the State of New York. 
 
30 
 
 State of New York, | . 
 
 City and County of New York , f 
 
 Be it Remembered, That on this 19tli day of No¬ 
 vember, a. d. one thousand eight hundred and 
 eighty-nine, before me, a Commissioner of the State 
 of California, in the State of New York, residing in said 
 city of New York, personally came RosewellG. Rolston, 
 President of The Farmers' Loan and Trust Com¬ 
 pany, the corporation described in the foregoing instru¬ 
 ment as the party of the second part thereto, and who 
 is personally well known to me ; and he, being by me 
 duly sworn, did depose and say that he is, and at the 
 time of the execution of said instrument was, the Pres¬ 
 ident, and that Edwin S. Marston is and then was the 
 Secretary, of the said Company ; that he knows the 
 corporate seal of said Company, and that the seal 
 affixed to the foregoing instrument as such is said 
 corporate seal; that the said seal was so affixed by 
 authority of the Board of Directors of said Company ; 
 and that he, as President aforesaid, signed, and the said 
 Edwin S. Marston, as Secretary aforesaid, attested, 
 the said instrument by like authority. And the said 
 Rose well G. Rolston, President as aforesaid, acknowd- 
 edged the execution of said instrument as the act 
 and deed of the said Farmers’ Loan and Trust 
 Company, for the uses and purposes therein expressed. 
 
 In wdtness wdiereof I have hereunto sub¬ 
 scribed my name and affixed my official 
 seal, at my office in the said city of New r 
 [l. s.] York, the day and year aforesaid. 
 
 Charles Taylor, 
 
 Commissioner for the State of California, 
 In the State of New York. 
 
31 
 
 State of New York, ) 
 
 City and County of New York, j ss * * 
 
 Be it Remembered, That on this 19th day of No¬ 
 vember, a. d. one thousand eight hundred and 
 eighty-nine, before me, a Commissioner of Washington 
 Territory in and for the State of New York, residing 
 in the city of New York, personally came Elijah Smith, 
 President of The Oregon Improvement Company, and 
 Prosper W. Smith, the Assistant Secretary of The 
 Oregon Improvement Company the corporation de¬ 
 scribed in the foregoing instrument as the party of the 
 first part thereto, and who are severally and respectively 
 personally known to me ; and the said Elijah Smith, 
 having been by me duly sworn, did depose and say 
 that he is, and at the time of the execution of the said 
 instrument was, the President of said Company, and the 
 said Prosper W. Smith, having been duly sworn, did 
 depose and say that he is and then was the Assistant 
 Secretary of the said Company ; and the said Elijah 
 Smith and Prosper W. Smith did severally and respect¬ 
 ively depose and say that they knew the corporate seal 
 of said Company, and that the seal affixed to the fore¬ 
 going instrument, as such, is said corporate seal; that 
 the said seal was so affixed by the authority of the 
 Board of Directors, and that the said Elijah Smith, as 
 President aforesaid, signed, and that he, the said Pros¬ 
 per W. Smith, as Assistant Secretary as aforesaid, at¬ 
 tested, the said instrument by like authority. And the 
 said Elijah Smith, as President as aforesaid, at the 
 same time acknowledged the execution of the said 
 instrument as the act and deed of the said Ore¬ 
 gon Improvement Company, for the uses and pur¬ 
 poses therein expressed. And the said Elijah Smith, 
 upon his oath, did depose and say that he knows 
 the objects and purposes for which the fore- 
 
 i 
 
32 
 
 going mortgage is executed ; and that the same is 
 made in good faith, and without any design to hinder, 
 delay, or defraud creditors. And the said Prosper W. 
 Smith, as Assistant Secretary as aforesaid, at the same 
 time acknowledged the said instrument as the act and 
 deed of the said Oregon Improvement Company for 
 the uses and purposes therein expressed ; and the said 
 Prosper W. Smith, upon his oath, did depose and say 
 that he knows the objects and purposes for which the 
 foregoing mortgage is executed, and that the same is 
 made in good faith and without any design to hinder, 
 delay or defraud creditors. 
 
 In witness whereof I have hereunto subscribed 
 my name and affixed my official seal, at my 
 office in the said city of New York, the day 
 [l. s.] and year aforesaid. 
 
 L. R. Kidder, 
 
 Commissioner for Washington Territory, 
 in the State of New York. 
 
33 
 
 State of New York, ) . 
 
 City and County of New Yorlc , j 
 
 Be it Remembered, That on this 19th day of No¬ 
 vember, a. d. one thousand eight hundred and 
 eighty-nine, before me, a Commissioner of Washington 
 Territory, in the State of New York, residing in said 
 city of New York, personally came Rosewell G. Rolston, 
 President of The Farmers’ Loan and Trust Com¬ 
 pany, the corporation described in the foregoing instru¬ 
 ment as the party of the second part thereto, and who 
 is personally well known to be ; and he, being by me 
 duly sworn, did depose and say that he is, and at the 
 time of the execution of said instrument was, the Presi¬ 
 dent, and that Edwin S. Marston is and then was the 
 Secretary of the said Company ; that he knows the 
 corporate seal of said Company, and that the seal 
 affixed to the foregoing instrument as such is said cor¬ 
 porate seal ; that the said seal was so affixed by author¬ 
 ity of the Board of Directors of said Company ; and that 
 he, as President aforesaid, signed, and the said Edwin 
 S. Marston, as Secretary aforesaid, attested, the said in¬ 
 strument by like authority. And the said Rosewell G. 
 Rolston, President as aforesaid, acknowledged the exe¬ 
 cution of said instrument as the act and deed of the said 
 Farmers’ Loan and Trust Company, for the uses and 
 purposes therein expressed. 
 
 In witness whereof I have hereunto sub¬ 
 scribed my name and affixed my offi¬ 
 cial seal, at my office in the said city of 
 [l. s.] New York, the day and year aforesaid. 
 
 L. R. Kiddek, 
 
 Commissioner for Washington Territory, 
 in the State of New York. 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
35 
 
 SCHEDULE OE PROPERTIES of THE OREGON 
 IMPRO YEMEN T COMP AN Y referred to ai.d describe a 
 a?id incorporated into and made a part of its M 01 tgage or 
 Deed of Trust to THE FARMERS' LOAN AND 
 TR UST COMP AN Y (of New York), dated November ist y 
 1889. 
 
 REAL ESTATE. 
 
 COAL LANDS, as follows . 
 
 In the Newcastle Coal District, in Washing¬ 
 ton Territory, Section 26, Township 24, North 
 of Range 5 East, North half of Northwest 
 quarter, Northwest quarter of Northeast 
 quarter, Southeast quarter of Northeast 
 quarter, containing . . . . . 160 acres 
 
 In the Green River Coal District, in Washing¬ 
 ton Territory, Section 18 , Township 21 North, 
 Range 7 East: 
 
 Northeast quarter ....... 
 
 East half of Southwest quarter . . . . 
 
 Southeast quarter ....... 
 
 East half of Northwest quarter . 
 
 Lots 1, 2, 3, 4. 
 
 Section 6, Township 21 North, Range 7 East, 
 Fractional lots 13 and 14, and the East half 
 
 of Southwest quarter. 
 
 Fractional lots 3, 4, 5, 6, 12 . 
 
 Section 4, Township 21 North, Range 7 East, lots 
 5 and 12, and the West half of the Southwest 
 
 quarter. 
 
 Section 12, Township 21 North, Range 6 East, 
 Fractional lots 1, 2, 3, 4 
 
 160 
 
 80 
 
 160 
 
 80 
 
 160.96 
 
 * 59 - 5 2 
 
 i 5 6 - 6 5 
 
 l60 
 
 I 3 I - I 5 
 
 Containing about 
 
 1,248.28 acres 
 
36 
 
 In the Wilkesoil Coal District, in Washington 
 Territory, Section 16, Township 18 North, 
 
 Range 6 East : 
 
 Southeast quarter ....... 160 
 
 Northeast quarter ...... 160 
 
 East half of Northwest quarter . . . . 80 
 
 Section 28, Township 18 North, Range 6 East, 
 
 East half of Northeast quarter ... 80 
 
 Section 2, Township 18, North, Range 6 East, 
 
 Southwest quarter ...... 160 
 
 Lots 3 and 4, and the South half of Northwest 
 
 quarter ........ 160.20 
 
 Southeast quarter ....... 160 
 
 Lots 1 and 2, and the South half of Northeast 
 
 quarter ........ 159.80 
 
 Containing about . . . 1,120 acres 
 
 * 
 
 9 
 
 AGRICULTURAL AND TIMBER LANDS in Oregon 
 
 and Washington Territory, as follows :— 
 
 Range 39 East, Township 10 North, 
 
 Section 32. 
 
 Premises commencing at the centre of the race of 
 the Dayton Woolen Manufacturing Company, 
 where the South line of the Southwest quar¬ 
 ter of the Northeast quarter crosses said race, 
 thence running East on said line twenty-eight- 
 rods, thence Northeasterly parallel with said 
 race twenty rods, thence West twenty-eight 
 rods to the centre of said race, thence South 
 up the centre of said race twenty rods to 
 place of beginning, containing more or less . 3.5 
 
 Also the water flume running from what is known 
 as Robertson’s Mill, on the middle fork of 
 the Touchet River, down to the vicinity of 
 Dayton, and also the right of way for said 
 flume over and along the lands over and upon 
 
37 
 
 which the same is situated, built, and located, 
 and water-rights connected therewith. 
 
 Range 39 East, Township 9 North, 
 
 Section 26. 
 
 North half of Northeast quarter. \ 
 
 Southwest quarter of Northeast quarter. V . . 160 
 
 Northwest quarter of Southeast quarter. ) 
 
 Together with the saw-mill and other buildings 
 thereon. 
 
 Also a right of way for water flume over, 
 through, and along Southwest quarter 
 of Southeast quarter, Southeast quarter of 
 Southwest quarter of Section 34, Township 9 
 North, Range 39 East, and Northwest quar¬ 
 ter of Southeast quarter, and Southwest 
 quarter of Northeast quarter of Section 35, 
 Township 9 North, Range 39 East, and West 
 half of Northwest quarter of Section n, 
 Township 8 North, Range 39 East, and North 
 half of Southeast quarter of Section 10, 
 Township 8 North, Range 39 East. 
 
 Also the right to use a sufficient amount of water of 
 that branch of the Touchet River running over, 
 through, along, or touching the above-de¬ 
 scribed premises for all the purposes of said 
 flume. 
 
 Range 39 East, Township 7 North. 
 Section 8. 
 
 Northwest quarter . 
 
 Northeast quarter . 
 
 Section 5. 
 
 Southeast quarter of Northwest quarter 
 Southwest quarter of Northeast quarter 
 Northeast quarter of Southeast quarter 
 
 Section 4. 
 
 Northwest quarter of Southwest quarter 
 
 160 
 
 160 
 
 ► 160 
 
38 
 
 Range 40 East, Township 8 North. 
 
 Section 28. 
 
 Northeast quarter ....... 
 
 Range 39 East, Township 8 North, 
 
 Section 27. 
 
 • i 
 
 Northeast quarter ....... 
 
 Southeast quarter ....... 
 
 Section 26. 
 
 Northwest quarter ....... 
 
 Southwest quarter ....... 
 
 Section 23. 
 
 Northeast quarter . . ... 
 
 Southeast quarter ....... 
 
 North half and Southeast quarter of Northwest 
 quarter ........ 
 
 Southwest quarter of Northwest quarter 
 Northwest quarter of Southwest quarter 
 
 Section 22. 
 
 Northeast quarter of Northeast quarter 
 Southeast quarter of Northeast quarter 
 Northeast quarter of Southeast quarter 
 
 Range 39 East, Township 7 North. 
 
 Section 9. 
 
 North half of Northeast quarter . . . . 
 
 North half of Northwest quarter . . . . 
 
 Total amount of land connected with and 
 tributary to Dayton Flume . 
 
 160 
 
 160 
 
 160 
 
 160 
 
 160 
 
 160 
 
 160 
 
 120 
 
 40 
 
 40 
 
 40 
 
 40 
 
 40 
 
 80 
 
 80 
 
 . 2,243.5 acres 
 
Range 37 East, Township 5 North. 
 
 Section 36. 
 
 All. 
 
 Section 35. 
 
 Southwest quarter of Northeast quarter. 
 West half of Southeast quarter. 
 
 Range 37 East, Township 4 North. 
 Section 1. 
 
 West half of Southwest quarter. 
 Northeast quarter of Southwest quarter. 
 South half of Northwest quarter. 
 Southwest quarter of Northeast quarter. 
 
 Section 2. 
 
 Northeast quarter of Southeast quarter. 
 South half of Northeast quarter. 
 
 West half of Southeast quarter. 
 
 North half of Northeast quarter. 
 
 Range 37 North, Township 4 East, 
 Section 1. 
 
 North half of Northeast quarter 
 North half of Northwest quarter . 
 Southeast quarter of Northeast quarter . 
 Southeast quarter of Southwest quartet . 
 North half of Southeast quarter 
 Section 2. 
 
 East half of Northwest quarter 
 
 Range 37 North, Township 5 East, 
 Section 35. 
 
 East half of Southwest quarter . , 
 
 North half of Northeast quartei 
 North half of Northwest quarter 
 South half of Northwest quarter 
 West half of Southwest quarter 
 Southeast quarter. 
 
Section 81. 
 
 Northwest quarter . 
 Southwest quarter . 
 
 40 
 
 160.83 
 
 160.30 
 
 Total 
 
 Range 40 East, Township 2 North, 
 
 Section 31. 
 
 Southwest quarter . 
 
 Southeast quarter. 
 
 Range 39 East, Township 2 North, 
 Section 36. 
 
 All 
 
 i ^ XX* . . . . . . • 
 
 Section 25. 
 
 Southwest quarter . 
 
 Southeast quarter . 
 
 Section 35. 
 
 South half of Northwest quarter 
 West half of Southwest quarter 
 East half of Southeast quarter 
 
 Section 34. 
 
 Northeast quarter. 
 
 Range 39 East, Township 3 North, 
 Section 2. 
 
 North half of Northeast quarter 
 North half of Northwest quarter 
 
 2,507.66 acres 
 
 320 
 
 640 
 
 } 
 
 320 
 
 160 
 
 Section 1. 
 
 North half and Southwest quarter of Northeast ) 
 
 quarter.V 280 
 
 Northwest quarter 
 
 Range 38 East, Township 3 North, 
 
 Section 27. 
 
 North half and Southeast quarter of Northeast 'J 
 
 quarter . . 
 
 Northeast quarter of Southwest quarter . . f 
 
 1 
 
 North half of Southeast quarter . . J 
 
41 
 
 Southwest quarter of Northeast quarter . . ) 
 
 North half and Southeast quarter of Northwest > 160 
 
 quarter.) 
 
 Section 26. 
 
 Northeast quarter ...... 
 
 Northwest quarter ...... 
 
 Southwest quarter ...... [^ 600 
 
 Northeast quarter and Northwest quarter and 
 Southwest quarter of Southeast quarter . 
 
 Total of Grande Ronde Valley Lands 
 
 31 i3.96 ! 'acres 
 
 Range 36 East, Township 9 North. 
 
 Section 4. 
 
 Northeast quarter of Northwest quarter . . 40 
 
 Range 36 East, Township 10 North. 
 
 Section 33. 
 
 East half of Southwest quarter. . . . .80 
 
 Southeast quarter of Northwest quarter . . .40 
 
 • Commencing at the Northeast corner of Southeast 
 quarter of Northwest quarter of Section 33, 
 running thence East 711.6 feet along the North 
 boundary of the Southwest quarter of North¬ 
 east quarter, thence South 5,202 feet along a 
 line parallel with the quarter-section line divid¬ 
 ing said Section 33 into East and West halves 
 to the South line of the Northwest quarter of 
 the Northeast quarter of Section 4, Township 
 9 North, Range 36 East, thence West on said 
 last-named line to the centre of the main chan¬ 
 nel of the Touchet, thence Southerly and West¬ 
 erly along the centre of the main channel of 
 the Touchet to the West line of the Northeast 
 quarter of said Section 4, thence North on said 
 line about 250 feet to the Southwest corner of 
 Northwest quarter of Northeast quarter of 
 said Section 4, thence still North from said 
 corner 5,202 feet to the place of beginning, 
 containing ....... 87 acres. 
 
42 
 
 Also, commencing at a point 711.6 feet East and 
 400 feet North of the Southeast corner of 
 Southwest quarter of said Section 33, Town¬ 
 ship io North, Range 36 East, running 
 thence North 2,105 feet to the South line of 
 Fourth Street, in the town of Prescott, thence 
 East along said South line extended Easterly 
 800 feet, thence South 2,105 feet, thence West 
 800 feet to place of beginning, containing . 36.62 
 
 excluding right of way granted to Oregon 
 Railway and Navigation Company. 
 
 Range 43 East, Township 16 North. 
 
 Section 21 ...... 640 
 
 Section 9. 
 
 Southwest quarter (quit-claim) .... 160 
 
 Range 8 East, Township 3 North. 
 
 Section 36. 
 
 Lots 1, 2, 3, 4. 
 
 “ Also undivided half-interest in water-ditch and 
 water therein for irrigating and burning pur¬ 
 poses, constructed from and to convey the 
 waters of Throssel Creek from a point in 
 Section 1, Township 2 North, Range 8 East, 
 to any part or upon any part of lots 1, 2, 3, 4, 
 
 Section 36, Township 3 North, Range 8 East.” 
 
 MISCELLANEOUS REAL ESTATE, as follows: 
 
 All those two certain city blocks, with the improvements 
 thereon, numbered and known as Block five (5) and block six (6), 
 in South Beach addition, in the City of San Francisco, California, 
 which said blocks are bounded as follows : Block five (5), on the 
 Northerly side by Beale Street, Easterly by Brannan Street, 
 Southerly by Fremont Street, and Westerly by Bryant Street ; 
 block six (6), on the Northerly side by Fremont Street, Easterly 
 by Brannan Street, Southerly by First Street and Westerly by 
 Bryant Street ; together with the improvements and all water and 
 other rights and easements connected therewith. 
 
i 
 
 43 
 
 All those certain leasehold premises at Oakland, California, 
 known as the Wharf property and Coal Pocket of The Oregon 
 Improvement Company, at the foot of Franklin Street, together 
 with the structures and improvements thereon, and all rights 
 and easements connected therewith, and all renewals and exten¬ 
 sions of said lease. 
 
 All those certain leasehold premises at Albina, Oregon, known 
 as the Wharf and Coal Bunkers of the Oregon Improvement 
 Company, being the property of The Northern Pacific 
 Terminal Company, of Oregon, and referred to and described 
 in that said Indenture of Lease between said last-named Com¬ 
 pany and The Oregon Improvement Company, dated March 
 2d, 1885, and all rights and easements connected therewith, and 
 all renewals and extensions of said lease. 
 
 All those certain leasehold premises at Portland Oregon, known 
 as the Wharf and Dock property and Coal Pockets or Coal 
 Bunkers of The Oregon Improvement Company, being a por¬ 
 tion of the river-front property of The Oregon Railway and 
 Navigation Company, and referred to and described in that 
 certain Indenture of Lease between said last-named Company 
 and The Oregon Improvement Company, dated October first, 
 1884, with the structures and improvements thereon, and all 
 rights and easements connected therewith, and all renewals and 
 extensions of said lease. 
 
 All those certain leasehold premises at Astoria, Oregon, known 
 as the Coal Pockets or Coal Bunkers of The Oregon Improve¬ 
 ment Company being a portion of the Wharf and Dock property 
 of The Oregon Railway and Navigation Company, and 
 referred to and described in that certain Indenture of Lease 
 between said last-named Company and The Oregon Improve¬ 
 ment Company dated October 1st, 1884, with the structures and 
 improvements thereon, and all rights and easements connected 
 therewith, and all renewals and extensions of said lease. 
 
 All those certain Town lots, about four hundred and thirty (430) 
 in number, together with all improvements thereon, in the Town 
 of Prescott, Walla Walla County, Washington Territory. 
 
44 
 
 * 
 
 PERSONAL PROPERTY. 
 
 Steamships and Vessels. 
 
 Those four (4) certain American Steamships, known respec¬ 
 tively as the “Willamette,” the “Walla Walla,” “ Umatilla,’* 
 and the “ Corona,” together with their masts, sails, boats, anchors, 
 cables, boilers, engines, machinery, tackle, apparel, furniture, 
 supplies and all other appurtenances of said steamships respec¬ 
 tively, of which steamships The Oregon Improvement Com¬ 
 pany is the sole owner, and the respective Certificates of Enroll¬ 
 ment of said steamships, are as fellows :— 
 
 Certificate No. 
 
 Official Number. 
 
 6. 
 
 Numerals. 
 
 Letters.. 
 
 
 80839. 
 
 JVLP. 
 
 The United States of America. 
 
 Sec. 4319, Rev. Stats. Catalogue No. 338. 
 
 (permanent.) 
 
 CERTIFICATE OF ENROLLMENT. 
 
 Enrollment. —In conformity to Title L, “ Regulation of Vessels 
 in Domestic Commerce,” of the Revised Statutes of the United 
 States, J. M. Fox, Secretary of the Oregon Improvement Co., of 
 Portland, Oregon, having taken and subscribed the oath required 
 by law, and having sworn that the Oregon Improvement Co., of 
 Portland, Oregon, is the sole owner of the ship or vessel called 
 the “ Walla Walla ,” of Portland, Oregon, whereof L. L. Sim¬ 
 mons is at present master, and is a citizen of the United States, 
 and that the said ship or vessel was built at Chester, State of 
 Pennsylvania, in the year 1881, as appears by Permanent Enroll¬ 
 ment No. 1, issued at this port July 10, 1884, now surrendered, 
 officers of Company changed, and said Enrollment having certi¬ 
 fied that the said ship or vessel has two decks, and two masts, 
 and that her length is three hundred and ten feet ; her breadth, 
 forty feet ; her depth, twenty-four and T 3 ¥ feet; her height 
 
 that she measures twelve hundred and thirty-nine 
 and T ° 9 tons, viz. : 
 
45 
 
 Capacity under tonnage deck .... 
 
 Tons. 
 
 2005 
 
 IOOths. 
 
 • 9 1 
 
 Capacity between decks above tonnage deck 
 
 Capacity of inclosures on the upper deck, viz. : 
 
 128 
 
 .89 
 
 Gross tonnage .... 
 
 2134 
 
 .80 
 
 Deductions under Section 4153, Revised Statutes, 
 
 as amended by Act of August 5, 1882 
 
 8 95 
 
 .71 
 
 Net tonnage ..... 
 
 I2 39 
 
 .09 
 
 that the following described spaces, and no others, have been 
 omitted, viz. : 
 
 and that she is a , has a plain 
 
 head and a round stern, and 
 
 sufficient security having been given, according to the 
 said Title, the said ship or vessel has been duly enrolled at the 
 port of Portland, Oregon. 
 
 Given under my hand and seal at the port of Portland, Oregon 
 in the District of Willamette, this 25th day of August, in the year 
 one thousand eight hundred and eighty-five. 
 
 (Signed) B. E. LIPPENCOTT, 
 
 Collector of Customs. 
 
 Certificate No. Official Number. 
 
 23. Numerals. Letters . 
 
 80808. J VD T. 
 
 The United States of America. 
 
 Sec. 4319, Rev. Stats. Catalogue No. 338. 
 
 (permanent). 
 
 CERTIFICATE OF ENROLLMENT. 
 
 Enrollment. —In conformity to Title L, “ Regulation of Ves¬ 
 sels in Domestic Commerce,” of the Revised Statutes of the 
 United States, J. M. Fox, Secretary Oregon Improvement Co., 
 having taken and subscribed the oath required by law, and 
 
46 
 
 having sworn that the Oregon Improvement Co. [a corporation], 
 of Portland, Oregon, is the owner of the ship or vessel called the 
 “ Willamette ,” of Portland, Oregon, whereof L. L. Simmons is 
 at present master, and is a citizen of the United States, and that 
 the said ship or vessel was built at Chester, State of Pennsyl¬ 
 vania, in the year 1881, as appears by Permanent Enrollment No. 
 10, issued at the port of Portland, Oregon, January 5, 1885, now 
 surrendered, officers of Company changed, and said Enrollment 
 having certified that the said ship or vessel has two decks and 
 two masts, and that her length is three hundred and fifteen and 
 feet; her breadth, thirty-nine and T 2 ^ feet ; her depth, twenty- 
 
 one and t 8 ¥ feet ; her height 
 
 that she meas- 
 
 Capacity under tonnage deck 
 
 Capacity between decks above tonnage deck 
 
 Gross tonnage 
 
 uctions under Section 4153, Revised St 
 as amended by Act of August 5, 1882 
 
 Net tonnage 
 
 omitted, viz.: 
 
 and that she is an iron steamship, has a plain head and a round 
 stern, and 
 
 sufficient security having been given, according to the said Title, 
 the said ship or vessel has been duly enrolled at. the port of 
 Portland, Oregon. 
 
 Given under my hand and seal at the port of Portland, Ore¬ 
 gon, in the District of Willamette, this 29th day of June, in the 
 year one thousand eight hundred and eighty-five. 
 
 tons, viz.:— 
 
 
 Tons. 
 
 lOOths. 
 
 212 1 
 
 .19 
 
 : 441 
 
 *°5 
 
 2562 
 
 .24 
 
 tes. 
 
 
 866 
 
 .88 
 
 i6 95 
 
 • 3 6 
 
 others, have 
 
 been 
 
 (Signed) 
 
 B. E. LIPPENCOTT, 
 
 Dep. Collector of Custo?ns. 
 
Certificate No. 
 
 47 
 
 Official Number. 
 Numerals. Letters. 
 
 2 524.2. JVRT. 
 
 (The United States of America.) 
 
 Sec. 43IQ, Rev. Stats. Catalogue No. 338. 
 
 (permanent.) 
 
 CERTIFICATE OF ENROLLMENT. 
 
 Enrollment .—In conformity to Title L, “ Regulation of Ves¬ 
 sels in Domestic Commerce,” of the Revised Statutes of the 
 United States, C. H. Prescott, President of the Oregon Improve¬ 
 ment Co., of Portland, Oregon, having taken and subscribed the 
 oath required by law, and having sworn that the Oregon Im¬ 
 provement Co., of Portland, Oregon, is the sole owner of the ship 
 or vessel called the “Umatilla," of Portland, Oregon, whereof 
 Frank Worth is at present master, and is a citizen of the United 
 States, and that the said ship or vessel was built at Chester, State 
 of Pennsylvania, in the year 1881, as appears by Permanent En¬ 
 rollment No. 31, dated at the District of Willamette, April first, 
 1882, now surrendered, officers of Company changed, and vessel 
 re-admeasured, and A. N. Gambell, Special Surveyor, having 
 certified that the said ship or vessel has two decks and two masts, 
 and that her length is three hundred and ten feet; her breadth, 
 forty and ^ feet; her depth, twenty-two and T 3 ^ feet ; her 
 height, 
 
 that she measures thirteen hundred and thirty-five and tons, 
 viz. :— 
 
 Capacity under tonnage deck . 
 
 • • 
 
 Tons. 
 
 2005 
 
 lOOths. 
 
 .91 
 
 Capacity between decks above tonnage deck . 
 Capacity of inclosures on the upper deck, viz. : 
 
 I2 5 
 
 •58 
 
 Gross tonnage 
 
 • • 
 
 21 3 1 
 
 .49 
 
 Deductions under Section 4153, Revised 
 as amended by Act of August 5, 1882 
 
 Statutes, 
 
 • • 
 
 795 
 
 1 
 
 00 
 
 Net tonnage . 
 
 t 
 
 I 335 
 
 .62 
 
 Net tonnage . 
 
48 
 
 that the following-described spaces, and no others, have been 
 omitted, viz. : 
 
 and that she is an iron steamship [propeller], has a plain head 
 and a round stern ; and the said C. H. Prescott having agreed 
 to the description and measurement above specified, and suf¬ 
 ficient security having been given, according to the said Title, 
 the said ship or vessel has been duly enrolled at the port of Port¬ 
 land, Oregon. 
 
 Given under my hand and seal at the port of Portland, Oregon, 
 in the District of Willamette, this 27th day of March, in the year 
 one thousand eight hundred and eighty-three. 
 
 (Signed) B. E. LIPPENCOTT, 
 
 Dep. Collector of Customs. 
 
 Register No. 15. 
 Temporary. 
 
 Official Number, 
 126,522 K. G. B. H. 
 
 COPY OF 
 
 CERTIFICATE OF REGISTRY. 
 
 In pursuance of Chapter One, Title XLVIII, “Regulation of 
 Commerce and Navigation,” Revised Statutes of the United States, 
 C. M. Goodall, Agent, of San Francisco, Cal., having taken and 
 subscribed the oath required by law, and having sworn that The 
 Oregon Improvement Company of Portland, Oregon, are the only 
 owners of the vessel called the Corona of Portland, Oregon, 
 whereof C. M. Goodall is at present master, and is a citizen of 
 the United States ; and that the said vessel was built in the year 
 1888, at Philadelphia, Pa., as appears by Carpenter’s Certificate 
 on file; and Hon. Jno. M. Campbell, Surveyor, having certified 
 that the said vessel has three decks and two masts, and that her 
 length is two hundred and twenty and 75-iooths feet, her breadth 
 thirty-five feet and two-tenths, her depth fifteen feet and 
 75-iooths ; that she measures nine hundred and sixty-six tons 
 and 19-iooths, viz. : 
 
49 
 
 Tons. lOOths. 
 
 Capacity under tonnage deck. 877 52 
 
 Capacity between decks above tonnage deck. 443 23 
 
 Capacity of inclosures on the upper deck, viz. : 
 
 Fd. Dk, House 140.10, Aft. Dk. H. 31.35 .... 171 44 
 
 Gross Tonnage. 1492 20 
 
 Deductions under Section 4153 Revised Statutes, 
 as amended by Act of August 5, 1882. 526.01 
 
 Total Deductions. 526 01 
 
 Net Tonnage. 966 19 
 
 The following described spaces, and no others, have been 
 
 omitted, viz. : . 
 
 and that she is a steel screw steamship, has a stem head and a 
 round stern ; and the said C. M. Goodall, Agent, having agreed 
 to the description and admeasurement above specified, and suffi¬ 
 cient security having been given according to law, said vessel has 
 been duly registered at the Port of Philadelphia. 
 
 Given under my hand and seal, at the Port of Philadelphia, 
 this 27th day of October, in the year one thousand eight hundred 
 and eighty-eight. 
 
 (Signed) JOSEPH POWELL, 
 
 D'y Collector of Customs. 
 
 (Signed) HENRY B. PLUMMER, 
 
 Naval Officer. 
 
 (Signed) JARVIS PATTEN, 
 
 Commissioner of Navigation. 
 
 That certain Coal Barge, known as the “ Seattle,” having 
 a capacity of 350 tons, with her appurtenances and belongings. 
 
50 
 
 Shares of Stock of Other Corporations, as follows : 
 
 19,850 Shares of the Capital Stock of the Pacific Coast 
 Steamship Company, par value one hundred dollars each. Total 
 capital, 20,000 shares. 
 
 (The Pacific Coast Steamship Company is a corporation 
 created and existing under the laws of California. Its total capital 
 stock is 20,000 shares. It has no bonded or other debt, other 
 than its usual and current traffic and equipment expenses. It is 
 the sole owner of the following Steamships and vessels :— 
 
 Name. 
 
 Queen of the Pacific, 
 State of California, 
 Santa 11 os a, 
 
 Idaho, 
 
 Eureka, 
 
 Los Angeles, 
 
 Bonita, 
 
 Santa Cruz, 
 Newport, 
 
 Gipsy, 
 
 Alexander Duncan, 
 Yaquina, 
 
 Alki, 
 
 Coos Bay, 
 
 It also owns, 
 
 Description. 
 
 Iron Steamship, 
 
 4 < U 
 
 U <4 
 
 Screw wooden Steamer, 
 
 a 
 
 a 
 
 li 
 
 it 
 
 it 
 
 it 
 
 a 
 
 a 
 
 a 
 
 u 
 
 a 
 
 it 
 
 a 
 
 a 
 
 a 
 
 it 
 
 a 
 
 a 
 
 a 
 
 a 
 
 a 
 
 a 
 
 (( 
 
 u 
 
 a 
 
 «< 
 
 a 
 
 tt 
 
 li 
 
 a 
 
 Tonnage. 
 
 2727.80 
 
 2206 
 
 1335. 60 
 
 1077.13 
 
 689.27 
 
 493 
 
 488.87 
 
 511.22 
 
 2 ^ 5-94 
 
 293.80 
 
 371.53 
 555.67 
 943 
 3 1 T * 2 7 
 
 1934 shares of the Capital Stock of the Santa Maria and 
 Los Angeles Chute Landing Company. Total Capital, 200 
 
 shares of $50 each. 
 
 67 shares of the Capital Stock of The San Buenaventura 
 Wharf Company, Total Capital, 200 shares of $ico 
 each. 
 
 137 shares Hotel Ramona, at San Luis Obispo, California, 
 and also, wharf boats, supplies, equipment, tools, machinery, &c. 
 
 Ten (10) Warehouses on Pacific Coast Railway lines, and 
 eleven (n) along California Coast and other real estate, the 
 record title to which stands in its name.) 
 
51 
 
 i3,7°4 Shares of the Capital Stock of the Pacific 
 Coast Railway Company. Total Capital, 13,704 Shares of 
 $100 each. 
 
 (The Pacific Coast Railway Company is a railroad cor¬ 
 poration, created and existing under the laws of California, 
 owning and operating a narrow-guage railroad 76 miles in 
 length, running from Port Harford via San Luis Obispo, 
 Arroya Grande, and Santa Maria, to Los Olivos, and owning 
 engines, rolling stock, equipment, and other properties 
 necessary and convenient for its business and operations. 
 Its bonded debt is $1,370,000, represented by its First 
 Mortgage 6 % Gold Bonds, all of which are owned by The 
 Oregon Improvement Company. It has no other debt, 
 except its current traffic obligations.) 
 
 10,000 Shares of the Capital Stock of The Columbia 
 and Puget Sound Railroad Company. Total Capital, 10,000 
 Shares of $100 each. 
 
 (The Columbia and Puget Sound Railroad Company is 
 a railroad corporation, created and existing under the laws 
 of Washington Territory, owning and operating a railroad, 
 twenty miles in length, from Seattle, Washington Territory, 
 to the Newcastle Coal Mines, with a branch, twenty-three 
 miles in length, known as the Cedar River Extension, from 
 Renton to the Green River Coal Fields. It has no bonded 
 or other debt, except its current traffic obligations. It also 
 owns engines, rolling stock, equipment, and other properties 
 necessary and convenient for its business and operations, 
 including coal wharves, coal bunkers, and facilities for hand¬ 
 ling coal ; and also wharves, town lots, and other valuable 
 real estate in Seattle and elsewhere in Washington 
 Territory.) 
 
 30,000 Shares of the Capital Stock of the Seattle 
 Coal and Transportation Company. Total Capital, 30,000 
 Shares of $100 each. 
 
 (The Seattle Coal and Transportation Company is a 
 trading corporation created and existing under the laws of 
 
52 
 
 Washington Territory. It owns the town of Newcastle, 
 Washington Territory, and the Newcastle and Coal Creek 
 Coal Mines, with about 1160 acres of coal lands), 
 
 Bonds of Other Corporations. 
 
 1370 Bonds for $1,000 each of The Pacific Coast Kailway 
 Company, being the entire mortgage debt of said company. 
 Said bonds bear date November 1st, 1882, mature September 
 1st, 1922 ; the principal and semi-annual interest, at the rate of 
 6 being payable in gold. 
 
 The Oregon Improvement Company, for the purpose of 
 identifying the foregoing Schedule as a part of its certain 
 mortgage to The Farmers’ Loan and Trust Company, 
 has hereunto, and unto nine other duplicate originals hereof, 
 affixed its corporate seal, and has caused the same to be 
 attested by its Assistant Secretary, this first day of November, 
 a. d. 1889. 
 
 Attest : 
 
 [seal.] P. W. Smith, 
 
 Assistant Secretary. 
 
 In presence of 
 
 W. J. Flesher, 
 
 A. W. Hornung, 
 C. E. Bond.