Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1872-11-05
Alexandria Wafer COMPANY.

! Thsanuual meetingSof the stockholders of
the Alexandria Water Company was held at
the Office of the company, yesterday, at .znoon,
J. J. Wheat'in the chair, and It'd FendalI,
Secretary.
W. B. Gregory aud r. T. Roberts were
appointed Committee on Proxies, who, after
IAN exams nation reported THAI q large !majority
-ofthe stock was REPRESENTED, Whereupon,
Mr.. R. T., Miller, President Of the com
pany, submitted the report of the Directory.
. THE report copgrau1h tes the Stockholders on
tie continued prosperity Of the company,s tts
more particularly upon its usefulness to the
community at large, which has surpassed the ex.
pectatiens Of its original projectors aud friends
The Rholders, during the whole termsof the
existence of the company have, however not
received an income exceeding six per cent
on; their stock. ~ jury; will shortly pro
coed to condemn the land lying north of the
present reservoir for the construction Of a new
or storage reservoir Of Q capacity equal to five
OF siI times that OF the one now in use. The
drought in the past season, as is well known,
exceeded that ofauy previous year, as is shown
by the records of the company. During 1870
the steam engine was worked 1872 hours, con-
Stunning 81 tons of COAL in 1871 the pump was
| worked $50 hours consuming 80 tons of COAL
and in 1872 the pump was worked G29 hours
consuming Sc tons Of coat.
The accounts Of the Treasurer. I'd Fendu
and Superintendent f. Powers, were present
ed and accepted.
4 resolution was adopted authorizing the
| Treasurer to declare q dividend on the stock Of
| two dollars per share payable on the 18th inst.
| The following resolutions we're al so adopted :
| Resolved, That the President and Directors
! be authorized to employ competent and akIltli
| hydraulic engineer TO examine the locality in
tended for the construction Of the new reservoir,
devise plan for the proper construction of the
same, and advise as to its connexion with .the
| present reservoir, or to arrange for connecting
| It with our present system Of mains into town.
Resolved That the President and Directors
be authorized and empowered to issue bonds OF
the company to the extent Of twenty-five thous-
| and dollars or to such an amount Is may be ne
| cessary FOR the: payment of land damages, the
| construction of the proposed new reservoir, ant!
| 10 retire the four bonds now outsta! Ging-9a!d
| bonds to be coupon bonds, bearing interest al
therate of six per CT per annum. payable serh-aT-
nually, having thirty years to run; to be secured
by mortgage en- the reservoirs franchises and
al the rights and property Of the compsny. and
TO be sold at the best rates that oan be obtained
or, if deemed more advisable by the Board un-
der the advise of counsel, to make further Is
sue of the stock of the company to the amount
required.
The Stockholders then proceeded TO the cleo.
ton of seven Directors to serve the ensuing
year, resulting in the reelection Of the Old d.
rectcry, as follows: R. H. Miller, B. II. Lam.
bert J. B. Dainger6eld, ;Reni Barton. Samuel
Miller, j. J. Wheat and W. Fl Lambert.
The meeting then adjourned sine die.