The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1876-08-08
The Bellaire & Southwestern
- 80 - - S. s.
II A L l. X A d
About Four Niles Of the Road
.keS0lutions &c.

in Athens county. I'd To inereaset the
cspital stock to s1,10O,0OO Sd To
issue bonds to be secured by mortgage
on the property of the company.
Each Of these propositions was car
ried by $3.50 yeas to a few nays, the
latter being cast by stockholders on the
Woods6eld and Beallsyille division
There were 15 other votes which divi-
ded in various ways on the different
propositions. 4,Se0 shares, represents
the entire subscribed stock of the road,
and majority Of the stock only being
required, it will be seen that the major
ity is considerably above what was nee
ded to secure the adoption of the meas
nres voted upon. The Stockholders
meeting then adjourned, 80 8
The Board Of Directors convened in
the afternoon and authorized the Exec.
utive Committee to contract with par.
ties residing in Bellaire for the grading
of about four miles Of the road on
Wegee. About four miles of the road.
commencing at Bellaire,was lefti Charge
OF the Executive Committee to have
worked by stockholders whoagreed to
pay IL labor. For every days work they
will be paid one-half in cash and the re-
naming half will be credited on their
stock : a.S =, rs:
The Specifications Of the route from
the end Of the 9Th mile, from Bellaire,
to Armstrong; Mills had not been pre-.
pared when the Board convened, and.
that being the most difficult part Of the
entire line to locate, the Engineer gave
it as his opinion that two months time
would be required to perform the work
properly. After that work is finished it
will be advertised for letting to contrac-
tors.
That part Of the road from Arm
strong's Mills to Beallsville. about eight
miles, is to be let to contractors to day
and to morrow, the Sth and 9th insts. !;
and work will commence there immedi-
ately.
The division between Woodsfield and
Beallsville was not located by the Board
at this meeting because of request
having been received from quite num-
Der of stockholders at Beallsville, sta
ting that new route had been discov
cred between that place and B. R
DR1ees', near Ozark, which was one and
q half miles shorter than either the Piney
or Nelson route, accompanied by d re-
quest that the same be surveyed s
The Board authorized the Chief En-
gineer to form an additional Corps of
to survey that part OF the
line from Beaalsville to the point NAM
ed above, and prepare report to be
acted upon at the next meeting. When
that work is completed The line will be
located from Beallsville to. Woodsfeld
and prepared for letting by the Engin-
eers. -.
1t is probable that the Board will re-
serve from the lettings on this division,
two miles at Woodstield and two at
BeaIlsviIle, for the purpose OF giving
those who subscribed stock, to be paid
in labors an opportunity to work it out
In this matter the same arrangemen,
Will operate here that the Board order.
ed at the Bellaire end of the road-lahol
subscribers will be paid for each days
work one half in cash and one,half in
stock. s,saa aa 9asa,aiesssaib IS.
The Board passedlthe following reso'
lutions: 81 q 90 stfah stss's
RESOLVED, That an assessment of II
per cent. be levied on the stock Of the
Company, payable on or before the Is,
day of September next, and each sue
ceeding month except that the Board re
serves the right to increase the requisi
ton as the needs of the Company shal
require, provided, that the W osisfielt
division be exempt from the assessmen
of September next until the location i
made. from Beallsville, to Woodsfeld
and work commenced. "a
RESOLVED, That the stockholders b,
requested to pay the balance Of the. frs
assessment on or before the Goth O
August, and in case Of the failure .ol
the part OF any Of the stockholders t,
Ipay the same, the collectors are anthor
lied and required to proceed to tcollec
it by law, with interest. oss
After difficulties almost without mum
ber the Bellaire and Southwestern ha
Egrown TO be healthy little road; it
progress thus far has been slow but th
men in charge were determined not t
be coaxed or forced into adopting plan
and measures, suggested by many pei
sons who we're very certain the roa
could be made and the ears run int
Woodsfield within short time after th
enterprise was first inaugurated, unit
they could see their way clear to succes
and make the, investment a profitab
one to stockholders That the Officer
of the Company have pursued the prol
er course throughout is now plain I
every one. They have secured subscril
tons along the entire line of $4,000 p,
mile. To have expended this none
without having made provision fl
, funds to complete and equip the ros
would have been worse than folly
They asked for an increase of the car
tai stock and for authority to issue tt
; bonds of the company to be secured
uortua Un On tho c0mpanv'o -,,ro,,orfx