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<br />LAN D AN D RIGHTS $ 6,548.33 $ --------- $ 6,548.33
<br />STRUCTURES 11,670~88 4,260.12 7,410.76 C~';,j
<br />PARKING LOT 2,310.94 1,270.97 I ,039.97 <<~,."
<br /> ~
<br />BUSES 293,058.96 140, 186. 14 152,872.82 ...,j
<br />SERVICE CARS 2,824. 19 938.72 1,885.47
<br />EQUIPMENT
<br />SHOP AND GARAGE 3,451.0'5 1,329.83 2,121.22
<br />FURNITURE AN D OFFICE 2,845.27 818.0B 2,027.19
<br />MISCELLANEOUS 4,771.15 3,426.72 1,344.43
<br />LEASEHOLD 3,152.78 I , 146.58 2,006.20
<br /> $330,633.55 $ 153, 377. 16 $ 177',256.39
<br />CASH ON HAN a AND , N BANKS . . . . . . . . . . . . . . . . . . . . . . $ 48,706.52
<br />
<br />IN ADDITION TO AUTHORIZED CAPITAL STOCK OF $20,000.00, THERE IS ALSO A PAID IN SURPLUS OF
<br />$16,000.00, TOTAL OF CAPITAL STOCK AND PAID IN SURPLUS '36,000.00.
<br />
<br />FOLLOWING ARE THE STOCK HOLDERS OF CITY TRANSIT LINES, WHO ARE ALSO STOCK HOLDERS IN THE
<br />SAME PROPORTION TO OREGON MOTOR STAGES -
<br />
<br /> NAME PERCENTAGE OF OWNERSHIP
<br /> -----
<br />E. ROYCE 36-1/4 PER CENT
<br />A. L. SCHNEIDER 26-1/4 PE R CENT
<br />R. T. JACOBS 25 PER CENT
<br />B. ROYCE 12-1/2 PER CENT
<br />
<br />I BELIEVE THIS WILL GIVE YOU A VERY COMPLETE CORPORATE HISTORY AND PERSONAL MAKE UP OF THE
<br />CITY TRANSIT LINES."
<br />
<br />IT WAS MOVED BY HAWN, SECONDED BY CRUMBAKER THAT THE COMMUNICATION BE RECEIVED AND PLACED ON
<br />FILE. MOTION CARRIED.
<br />
<br />ORDINANCES
<br />
<br />COUNCIL BILL NO. 473 - RE: LEVYING ASSESSMENT FOR PAVING 21ST AVENUE FROM JEFFERSON TO
<br />MADISON STREET, INTRODUCED AND GIVEN FIRST READING D~CEMBER 27, 1948 WAS BROUGHT ON FOR CONSIDERATION.
<br />
<br />THE CITY MANAGER REPORTED THAT NOTICES HAVE BEEN GIVEN TO AFFECTED PROPERTY OWNERS AND THERE
<br />WERE NO WRITTEN REMONSTRANCES ON FILE.
<br />
<br />IT WAS MOVED BY HAWN, SECONDED BY DAVIS THAT THE COUNCIL BILL BE READ A SECOND TIME BY TITLE
<br />ONLY WITH UNANIMOUS CONSENT OF THE COUNCIL. MOTION CARRIED UNANIMOUSLY AND THE BILL WAS READ THE
<br />SECOND TIME BY TITLE ONLY.
<br />
<br />IT WAS MOVED BY HAWN, SECONDED BY DAVIS THAT THE RULES BE SUSPENDED AND THE BILL BE READ A
<br />THIRD TIME BY TITLE ONLY, WITH UNANIMOUS CONSENT OF THE COUNCIL. MOTION CARRIED UNANIMOUSLY AND
<br />THE BILL WAS READ THE THIRD TIME BY TITLE ONLY.
<br />
<br />IT WAS MOVED BY HAWN, SECONDED BY DAVIS THAT THE COUNCIL BILL BE APPROVED AND GIVEN FINAL
<br />PASSAGE. ALL COUNCILMEN PRESENT VOTING AYE. GODLOVE ABSENT. THE BILL WAS DECLARED PASSED AND
<br />NUMBERED 9262.
<br />
<br />18 COUNCIL BILL NO. 477 - RE: LEVYING ASSESGMENT FOR PAVING WASHINGTON STREET FROM 19TH TO
<br />24TH AVENUE, INTRODUCED AND GIVEN FIRST READING IN FULL.
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<br />19
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<br />
<br />IT WAS MOVED BY HAWN, SECONDED BY DAVIS THAT THE BILL BE LAID OVER AND THE PROPER NOTICE OF
<br />ASSESSMENT BE GIVEN AFFECTED PROPERTY OWNERS. MOTION CARRIED UNANIMOUSLY AND THE BILL WAS LAID
<br />OVER.
<br />
<br />COUNCIL BILL No. 478 - RE: VACATION OF AN UNNAMED AND UNOPENED STREET IN AGATE PLAT WAS
<br />SUBMITTED AND READ THE FIRST TIME IN FULL.
<br />
<br />IT WAS MOVED BY HAWN, SECONDED BY DAVIS
<br />ONLY WITH UNANIMOUS CONSENT OF THE COUNCIL.
<br />SECOND TIME BY TITLE ONLY.
<br />
<br />THAT THE COUNCIL BILL BE READ A SECOND TIME BY TITLE
<br />MOTION CARRIED UNANIMOUSLY AND THE BILL WAS READ THE
<br />
<br />IT WAS MOVED BY HAWN, SECONDED BY DAVIS THAT THE RULES BE SUSPENDED AND THE BILL BE READ A
<br />THIRD TIME BY TITLE ONLY, WITH UNANIMOUS CONSENT OF THE COUNCIL. MOTION CARRIED UNANIMOUSLY AND
<br />THE BILL WAS REAU THE THIRD TIME BY TITLE ONLY.
<br />
<br />IT WAS MOVED BY HAWN, SECONDED BY DAVIS THAT THE COUNCIL BILL BE APPROVED AND GIVEN FINAL
<br />PASSAGE. ALL COUNCILMEN PRESENT VOTING AYE. GODLOVE ABSENT. THE BILL WAS DECLARED PASSED AND
<br />NUMBERED 9263.
<br />
<br />..J
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