The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1890-03-06
The Waynesboro Company


The Waynesboro Company has now made all
arrangements and their valuable stock and
property is on the market and can be procured
through any real estate agent or by communi-
eating direct with the Secretary of the Company
at this place This land is very desirable lying
as it does in and close to the town. The mem
bers of the Company are noted for their ability,
integrity and worth in the business world What
they say can be strictly relied on. The drawing
Tor lots Will take place in about thirty days. We
VIII give the date just soon as possible.
The authorized capital stock of the Company
IS S5O0,OOO in shares Of $780, 1ull paid and non
assessable. The Office is at Waynesbor. Va.
Below we give a list of the officers and direc-
tors and some clippings from the Prospectus,
recently issued:
ORGANIZATION.
NJ. Erskine Miller, President; 7. H. Antrim
Vice President; R. 6. Wright Secretary; W. NJ
Chew, Treasurer; J. f. Templeton, General Man
ager; VIM. Patrick, Counsel
Directors: NJ. Erskine Miller, George C. Mas
lin, w. N. Fishburne, J. F. Templeton, r. N
Pool, l. II. Antrim, b. F. Smith, Rob't w Burke
A. c. Fox, w. L. Austin, Edward Echols.
This Company has secured a liberal charter
from the Circuit Court of Augusta county, Va,
granting power to acquire lands, lay Off town
Sites buy and sell real estate, organize and con-
duct manufacturing enterprises of all kinds.
1t now owns about seventeen hundred Q70O
beautiful building lots, laid off upon a liberal
plan, giving broad streets, avenues and alleys.
Each lot can be approached from both front and
rear. The entire property lies upon a beautiful
plateau, fronting upon South River, sloping
gently to the water and looking to the east upon
the beautiful Valley of Virginia and the Blue
Ridge Mountains adjoining Waynesboro, at the
crossing of the Shenandoah Railroad with the
great trunk line, the Chesapeake and Ohio Rail-
way.
1t is proposed to offer for sale five hundred and
fifty lots and three hundred and fifty shares of
the capital stock of the Company fully paid and
non assessable, in the following manner, and
upon the following terms:
One hundred and fifty business lots 25x150 feet
(e1cept on Wayne dcenue, 259135 fcet,) and one
hundred and fifty shares of stock are offered as
follows: For one lot and one share of stock three
hundred and twenty-five dollars.
Four hundred residence lots, 25x15O feet and
two hundred shares of stock, are offered as fol
lows: For two lots adjoining making 50x15O and
one share of stock three hundred and twenty
five dollars is asked, upon the following terms
Ten (lO per cent. cash at time OF sale, fifteen
Q5) per cent in thirty days, the residue in six
nine. and twelve months, i'll equal instalments
For the last deferred payments the stock of the
Company will be received at par in payment
for purchase money for lots. Said lots (some OF
which are worth $500 to $500 day. will be fail
average in value of the whole taken from eacl
block, and will be designated by drawing, SUI
perintended by disinterested parties; said draw
ing to take place soon as possible after the
sale of said lots, the time of which notice viii
be given excepting LIST. That it is hereby ex-
pressly understood and agreed in the selection
of lots that all lots east of Race street be re-
served by the Company for manufacturing pllr-
poses, being near the river and less desirable
for residence lots, but very valuable fol
manufacturing sites; 2, Also one square viii
be reserved for hotel purposes. Any one build
ing lots in certain districts will be subject tC
restrictions for the general good of all the
property. vendors lien has been retained
by the vendee for the deferred payments due
upon said lots purchased from the Gallahers
but express provision has been made to make &
clear and perfect title to all lots when full pay
ments are made. Purchasers are fully protect
ed, as their last payments will be sufficient tt
release the vendors lien.
The whole authorized capital is paid up and
worcestershire, but only thousand shares
or one hundred thousand (S10O,000) dollars OF sait
stock will now be issued. Six hundred and fifty
shares have been sold. Three hundred and fifty
shares are offered with the aforesaid lots. Til;
Remaining TOUR thousand (4,UUU) ShaftS Will re
main in the hands of the Company and held fol
account of betterments or the holders of thu
one thousand shares equtably.
The money realized from the sale of lots ant
stock will be use1 to remove liens and develop
ing and improving the Company's property ant
expenses, and at the discretion of manage
ment such dividends as may seem to then
proper. Agents will be furnished with certif1
Gates under seal, as evidence of the authority t,
act for the Company.
All drafts and checks will be made payable tt
W. NJ Chew. Treasurer of the Waynesboro Com
pany."