The times. [volume] (Richmond, Va.) 1890-1903, 1890-10-23

PROSPECTUS
TERMINAL IMPROVEMENT D t: COMPANY
WEST POINT, VA.

II IA to-day the fifth cotton port OF the
Trnited states, and Is known wherever Tue
| neecy staple is used.
HEALTH.
West Point is as healthy as any place III
tho state. and since the introduction OF ar
tesian water the Improvement In health nas
been very great. Typhoid fever Is unknown
10 the inhabitants, and tits seldom thaI MA
laria is heard Of. A.. o-,a IL
The finest drinking water in the world Is
found rising from a depth Of 10 ieet, ny
eyer.foying artesian wells. III Is lmpossiDie
for the supply of water either TO become eN-
hausted or become impregnated Win 'he
impurities Of the surface drainage.
It's desirability as a summer resort Is ap-
nreciated more and more each year, ana its
annie hotel accommodations Of the highest
order, insure the continuance oil visitors'
both summer and winter, in search oil health
and pleasure.
PROPERTY.
Tho company controls twenty-five hum
dred acres of land Immediately adjoining
the corporate limits Of the town, and ABOUT
sixteen hundred lots in the town proper.
Tn ase lots. situated i'm the town, are not less
than 25xll5 feet. and OF a fair average Naiue
of S325. MANY of these lots sold recently
at from $500 to 1913 per lot, at pubic SAFE
for cash. iii.
ON any part ofthis property artesian wells
can be drilled at cost not exceeding
$50. which will furnish an unlimited
supply Of water.
PLAN.
About two hundred acres will be reserved
fo- manufacturing purposes, ana IL Is tne
purpose Of the company to oiier, In adultioh
10 free sites, substantial aid 10 manufactures
aIa III
cent. of the capital necessary 10 place them
upon a firm paying basis. Eight thousand
shares of stock will be sold, Of the par
value of one hundred dollars (SlOO) per
share. and with each share OF stock one
residence lot will be given i'm the new addi-
ton, and for every subscription OF ten
shares ten lots I'm the new addition and one
lot i'm the present corporate limits VIII DC
given. Subscribers TO twenty-five shares oi
stock will receive twenty-five lOts IN tine
new addition and three lots in the town
limits, and subscribers to one hundred
shares of stock will receive one hundred
lots in the new addition and twenty lots IN
the present corporate limits.
General warranty deeds Will be given az
soon as subscriptions are fully paid up.
Fully paid-up stock will be received by
the company at 5000 per share in the pur-
chase of the cOmpany's lots at its first sale
of reserved lots, provided 1t be turned lnto
the treasurer within ten days after sale
and if turned in later tnan ten days, aud
before the maturity Of the deferred pay
ments on lots, it will be received at SloO per
share. OF the proceeds from the sale OF
the eight thousand 5000 shares of stock
four hundred thousand dollars (StOO,OW
will be used IN payment for the lands pur
chased by the Company, and the residue, III
addition to the proceeds from the sale OF
lots ESTIMATED S1jO,000), will be utilized III
! improving the property, in assisting the
manufacturing enterprises, and In paying
dividends.
TERMS OF SUBSCRIPTION.
Ten dollars per share at the time of sub
scription, $40 per share on the first day OF
the next succeeding month, $40 on Inc
first day Of the second succeeding month
and the remainder on the call OF the Board
Of Directors, not exceeding $40 per share
every sixty days, the first Of such calls mol
to be due until thirty days after lot drawing
which will give every stakeholder the OPP
portunity to realize on his investment be
fore paying more than $50 per share on
his stock.
The Company expressly reserves the rlgh
to accept or reject all subscriptions to the
capital stock for sale over and above the
eight thousand shares offered for sale.