The Sierra citizen., 1855-02-03
miscellaneous.
Sierra and Yuba Turnpike Co.

In accordance with vote eff the Compa-
ny. the books of the Company will BE- OPEN
ed for subscriptions to the Capital Stock,
on or about the 18th day of January, 1855,
at the Office of S. w. Langton Il Bro, at
Adams & Co.'S, in Marysville, Yuba County:
at the Office of Wells, Fargo & Co., at Fos-
ter's Bar, Yuba County; at the office of
Langton i Bro, at Goodyear's Bar; Sierra
County; and at the Office of F. Rumrin l.
Co., in Downieville, Sierra County. The
books will remain open at the places speci.
| fed, until the whole amount OF The Capital
Stock shall have been subscribed.
This Company is formed and incorporated
| under and by virtue of an Act of the Legis-
lature of the State of California, entitled
IAN Act to authorize the formation of cor
porations for the construction of Plank or
| Turnpike Roads," passed May 18th, 1853.
| The duration of the Company is fixed at
twenty years; its Capital Stock is to be
$4,000, consisting of five hundred shares
! of 500 each.
! The Company is incorporated for the pur-
| pose Of constructing Turnpike road from
Downieville, along the Yuba River. to the
County Line between Sierra and Yuba
Counties, at Oak Valley, where it is expec-
| ted a similar road will meet it, running
from Marysville; thus niakiag good road
| for teams from Marysville to Downieville,
touching at most of the important towns
and mining localities on the route. The
| road, when completed, will form means of
communication from Marysville to the
mountains, over which supplies may be
drawn by teams at all seasons of the year,
as the route has been surveyed with an es-
pecial view to the avoidance of those points
which, during the winter, have hitherto
been obstructed by deep SHOWS 1t will of
| course be to the advantage of the Company
| to establish the tolls at such rates as will
not prove onerous to merchants or team
sters, while at the same time the aggregate
| of tolls will furnish sufficient revenue to
make it an object for the investment of the
necessary capital. The law under which
| the Company IS formed, is favorable to the
enterprise, the success of which we consider
| beyond doubt. 1t is not expected that the
assessments at any given time will exceed
ten per cent. of the amount subscribed; nor
will the assessments be called for in quick
succession as to prove burthensome to the
Subscribers, inasmuch as the contracts
which will be entered into for the construc-
tion of the road will be framed so that the
Company will pay only portion of the
cost of construction before the completion
of the entire road; retaining portion of the
! amount contracted for, as security for the
faithful performance of the whole contract.
And as the road must undoubtedly COM
mence to pay revenue as soon as con-
structed, such revenue will be applied to
the subsequent payments, so that the assess
ments will then be light.
The principal Office of the Company is
located at Downieville, and all communi-
cations on business must be addressed to
the President, at that place.
Due notice of all meetings of the Company
will be given, through the columns of the
Sierra Citizen, published at Downieville,
and in the Marysville Herald and Express
r. H. TAYLOR, President
G. B. WRIGHT, Sec'y,
B. M. FETTER, Treasurer.
Downieville, Jan. II. 1855. jan13-4t