The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1890-10-16

town. and this result will solve the inn
portland question of sewerage.
Roanoke has increased in population
from 400 to $4,000 in tho last eight
years. and is now growing moro rapidly
than ever. 1t is confidently expected
that within the next five years the
population will reach at least 10000 or
$4,000. y large part of this new popu-
lation must fix their homes near the in
dustrics whore they find employment,
and glance ut the map will show that,
rs these industries must be located on
the river bottoms, the lands of the Ro-
anokc Development Company will be
those chiefly benefited. The company
proposes to lay off main business
street along the bcttnm lands, whore
one Of tho lines of electric street rail
way is shown on the map. for there will
he inevitably Il largo demand for bust
ness lots in this now quarter OF the town.
Hitherto, Roanoke had to rely chiefly
upon the enterprise and energy Of indi-
vidual citizens to secure the establish
ment of manufacturing plants. and
while many enterprises have thus been
secured. the want OF m organized effort
III this direction has been FELT. This
want the Roanoke Developments Com
pany proposes to supply. 1t is the de-
sire OF the management that as many as
possible OF the inhabitants OF Roanoke
shall become interested in the company
and subscriptions, small and large,
from $lC0 upwards, are solicited All.
Whatever their means, should subscribe
To such amounts of stock as they can
afford. AS tho calls upon tho common
stock arc limited to 20 per cent. each
year. it will be possible to take much
larger holdings than when the full
amount subscribed must be paid within
4 short time.
Area of the Company's. $50.
property. 900 acres.
CoSt OIL property. $500, 900
payable onc-eighth cash and the balance
in one, two, three, four, fivo. six and
seven years, with interest (thcsc are the
average times Of paymcnt.)
OF the 81. 100, 900 OF stock 500, 600 will
be preferred stock.
Sl,O00,OOo will be common stock. Par
value of all shares, 500.
Subscriptions, will DO taken immcdi-
ately to 4l0O,0 900 Of preferred stock, and
$1,000 of common stock. S300,00O of
the common stock will be retained in
the treasury of the Company at tho dis
posal OF the Board of Directors, at. or
above par, in order that they may be in
a position to offer interests in the Com
pany to desirable parties.
The preferred stock will be entitled TO
g per cent. cumulative dividends before
the common stock is entitled to any
dividends and may he used by the hold
ers at any time at l25 in making the
first cash payment on lots purchased.
and may he redeemed at any time in
whole or in part, at tho option of the
company, at Pa and interest. TO the cx-
tent that such interest has not already
been paid III the form OF dividends.
subscriptions to the preferred stock
will he payable 20 per cent. on the 18th
day of October. lSgD. and not i'll excess
OF IL per ct Mt. IL month thereafter. Sub
script,ons To the preferred stock will not
be binding unless and until S15. 600 have
been subscribed.
The common stock will will he en-
titled To all dividends after the Il per
cent. cumulative dividends have been
paid on the referred stock. s;ubscrip-
lions to tne common stock will he paya-
bic 10 per cent. on the 25th day of Ccto-
Der, 1870. 10 per cent. on the 18th day
December, 1890 and not III excess Of 20
per cent. each calendar year thcrca ftcr.
Subscriptions to the common stock will
not be binding nnlrss and until 500, 600
have been subscribed.
Subscriptions must be made in writ
ing. and must state the name and adj
dress of the subscriber. and amount
subscribed. and whether to preferred or
common stock. The company reserves
the right 10 reject any subscription. and
no subscription will become binding on
the company until entered in the gen
cral subscription list.
Subscriptions should be addressed To
i.uanoke Development T'olunauy. Rou-
nol;c, Va. subscriptions may also he
made through Jas. :. Simmons Real
Estate Company. Roanoke, Va. where
ali IMPURITIES III regard To the company
Will be answered.
RoAHnkI:, October |, 1899.
Following is Il complete lis: of sub
scriptions 10 the common stock of The
company:
va. Development Co ..... S50.O
I'd Va Syndicate OF Lon. inr a,.U0o
va Heal Estate Invest. Co... 5000
j. l.. Terry. ............... $1,000
JoScPA H. Sands. ...... aJ.GO0
Jas. - Summons ......... $1,000
-. w 'IalnlSon. .............. 81. coo
y. {. Drnniston, Phila .. 1000
;. II. Chauvenct, I'd V. Prs.
Va. Development Co. .... 1000
j. III. Bramwell. y. Y... 10000
Il. T.. Dennistun. of Il. w.
Clark n Co.. 'hila ...... 1000
IL. vi. Slil, Philadelphia. 10000
JOS. y. Galc. ................ 20. 900
Il. II. Woodrum .... aa.00O