Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1889-12-06
GAS AND WATER.
THE NEW COMPANY INCORPORATES
FOR ACTIVE OPERATIONS.
Well Water at SutterviIIe That is Sur
charged With Natural Gas-Direc-
tors Ready for Business.

The subscribers to the stock of the pro-
posed Natural Gas Company met at the
Courthouse last evening for the purpose Of
organizing and electing officers.
DR.. s. S. Southworth called the meeting
to order, and announced that all the stock,
to the amount of $4,000, had been sub
scribed-one hundred persons and firms at
Sl00 Tor one share) each.
The Chairman read an account of the
success attending the boring of gaswell
at Lathrop. 1t was stated that manufac-
tories will soon be erected there to utilize
the great flow of water and gas.
These present at the meeting then pro-
ceeded to the election of officers of the COM
pany.
DIR. s. S. Southworth was chosen Tenn
porary Chairman, and Benjamin Leonard
Temporary Secretary.
On motion of Mr.. Leonard, it was de-
cided to incorporate under the title of the
Sacramento Natural Gas and Water Com
pany, the capital stock to be $4,000.
E. ]. Croly moved that the number of
Directors be fixed at five.
G. A. Luhrs moved to amend by making
the number seven. Carried.
The Directors chosen were: S. S. South
worth, G. A. Luhrs, A. Leonard, J. Nc
Nasser, G. E. Grunsky, a. a. Cunningham
and w. F. Knox.
E.A. Crouch moved that Finance
Committee of three be appointed from the
stockholders.
Mr.. Hinkson moved to amend by leaving
the matter to the Directors. Carried.
Dr. G. L. Simmons stated that Mr.. N.
Thielen, owner of the old brewery on the
Sutterville flights, offered one of his lots
in that vicinity for a gas-well. His reason
for so doing was that well of 116 feet was
bored there some years ago, and the water
was so heavily charged with gas as to be
unfit for use. DR.. Simmons said he re-
membered the circumstance of the water
of the Thelen well having been so bad
that it could not be used.
L. L. Lewis renewed the proposition
of the Oak Park Association to donate
block of ground and $500 to the company
if well be bored there and another 81 600
if it should prove success.
Several communications that had been
received were held for submission to the
Directors
E j. Croly moved that the capital stock
be fixed at $4,000.
OdTl OlTODel LuOVeu W duellu ny AndhluS
the sum S25 900.
Mr.. Maslin held that the proposition, as
understood by most of the subscribers, was
to have twice as many shares as there were
stockholders at the time the incorporation
papers are made out. The extra shares
could be divided among the shareholders.
Mr.. Hinkson stated that some firms had
subscribed with the understanding that but
$4,000 was to be raised, or 500 by each
subscriber, and he thought that idea should
be carried out.
B. Leonard moved, as substitute for the
other motions, that the capital stock be
placed at $4,000.
The matter was debated at considerable
length by Messrs. McMullen, Luhrs, Fos-
ter, LindIey, Strobel, Crouch, Croly and
others.
Mr. McMullen moved to amend Mr..
Leonsrd's motion by providing that if the
additional 100 shares of stock be offered for
sale, the first 100 stockholders shall have
the preference in its purchase.
The substitute was carried.
thanks was rendered DR.. Southworth and
s. jretary Leonard for their energy in inau-
gurating the enterprise and getting it under
way.
DR.. Southworth said there were no fac
tons nor cliques governing the movement.
For himself he would be satisfied, if the
well should prove q success, to maks pre-
sent of it to the city.
After adjournment the Board of Directors
held an executive meetinp