Columbia weekly news., 1859-08-18
TO the Creditors and Stockhold-
ers Of the c. & S r. w. Co.

10 the CIeOltOIS ana OtOcKlOlu-
ers Of the c. & S r. w. Co.
GEsTLEmEE:- Many of the Stock
holders ard Creditors ofyour Company,
in order to secure the redemption Of the
Company's property, and save the COM
munity from inevitable ruin, and them
selves from great and irreparable loss,
have, formed themselves in a corpora.
tion known as the +" Columbia Water
Company''-ass will be more fully: Illus
trated by the agreement published
below.
The object of this communication is,
to invite all the Stockholders AID Cred,
itors of the c. & S. r., w. Co of every
description, to unite with us for their
common benefit and protection, and to
secure and promote the best interests of
the community; and also to give notice
that the time te take stock in the Com
pany will expire en- the frst day Of Sep
tember next :,
It is vel! known the Company had
its origin in the actual wants and Urgent
necessities of the community; ard ycu
are also aware Of the mos. irsuperable
difficulties and obstacles that have been
encountered and overcome in the;a.tain-
ment Of our purpose, to introduce a
greater supply of the element upon
which the prosperity of the community
depends H.
BY succession Of unavoidable cir
cumstances, in the attainment Of this
object; the Company has become en-
barrassed to such an extent, that the
enterprise which has cost US SO many
years Of anxious toll, privation. and
hare earned capital, will be .acriied to
meet the demands of one individual,
unless measures are taken to effectually
prevent any such sacrifice To avoid
such catastrophe; aud secure the en-
terprisa to those waose efforts have con-
struc.ed it, is the object of this Com
pany.
Join with us and receive mutual and
equal protection with ourselves, at the
same time you are not required to reiin-
dcish any of your claims against the c..
& s. r W. Co; until snc... sir.e as we
succeed ip our object; oonsel luentsy, you
have nothing to lose, whilst in tie event
Of our success, you have everything to
gain.
BY order Of the. Board of Trustees of
the Colombia Water Conssany.
;, :: J.. POGR. Prss't
Colur,bia, August 4tb 1853
Agreement.
TaIs AGREEMENT, made and entered
iato .bis 25.h day of ,Iat, I. D.
1859.
IVitnssseih: That We the undersigned
citizens of Tuclumee County, interested
in and holding claims against the Cor,
poratiom known as the Columbia
and Stanislaus River Water Company"
covenant and agree, ore with the other,
and bind ourselves firmly by these pres.
ents, 70 enter into and form a, Joint
Stock Company Or Corporation, (uuder
the General Incorporation Act, passed
April 14th, 1859 for the purpose OF
protecting Or securing our various but
mutual interest in said c. s, S. r. W.
Go. aud redecming the Ditch or said
Company from E. Davis, tie purchaser
previous to the expiration Of the equity
of redemption, and for the payment of
certain udgements and demands en-
aorsed for the Company.
To secure this object, We hereby
agree, and bind ourselves, one. to the
other, to sustain and protect each others
interest, to the full exten. of our ability
and to use every exert;on in oer power
to raise the means necessary to redeem
said Ditch as aforesaid: And we
further covenant aod agree, tat the
SAID Corporation, tc be formed pursuant
to this agreement, shall be called the
''Columbia Water Company That
the Capital Stock shall consist of Six
Hundred Thousand Dollars, of Six
Thousand Shares CT One Hundred
Dollars each.
We further put ia, or exchange our
stock and demands against the said C.
& S. h. W. Company into stock in the
said Columbia Water Co., to be formed
as aforesaid, on the following proportion
viz: Bills payable aud al cash demands
iexcept such as are hereinafter except
ed, at their par value and interest
upon the same, up to the 22d Of Febru-
ary last, and two per cent Assessment
Scrip at the same rate; S.ock in said
Company at the rate of thirty per cent
of its par value, Or sixty dollars per
share; Cash Scrip, in the hands Of the
original owners, at the same rates, and
Scrip tha, has been transferred, at seven
per cent. Such demands as have. been
created by becoming security for said