Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1890-08-18

sort With comparatively little eypense, addi-
tions could be made TO the alreSdy connexions
aud beautifully locsted residence. Tor MOTEL.
The erounfs are admirably adapted Tor Toe
waited end commando e n view that lnsrlfsfion
itse f. With III neral waters mme 2iAtely On the.
p-opcr.y ana fishing mi boating on the yer
anG o. = t. utjfli lake sub can lie ound
SCARCELY Il any potion II VJg'nia, and In signt
o. irdu ,tsis sctviJi+s snn furnace hles winch
wn7ld De q cons ant sour @ OF dive SION and st
lr cton apart rom it, convel lent distance frcm
inc white n hur the Warm tie Hot, and Hcsl-
ing Sprn s. il could soon be- converted toto a de-
de iphtfu mountain home for tn, pleasure ana
health aeker.
Z his 2le1did prop ty, which is in tho control
f the Allegheny Nj ing aud ev,lopaent tom
pany is nos ed v the public oithe following
terns ana conditoas
PLAIN FGPGRAT1oN.
The suth rizsd ca)ita Of tne eghsny Mining
and Deve oppen. Company i SoOoooo; bit IL 10
p-oUosed 20 issue for the present stocf amou ting
% cn'y half Of this sum. fihe $3.50 600 OF
stock which it is Pow proposed to issue, has zen
given Ia ex hange for th COmpsny's lands an
accom-, OF which is contained in the pro pectus,
add is null paid AID non fsse5saole J hose who
received said stock foil payment for said lands,
haze D AGED with tie Company our fifth orS20O,
OO0 there IT, being two thousand shares OF the psr
value of Slu0 per share, upon cordltion thst tho
same be sold By the c0mpany st Dot less than par,
and The proceeds thereof TO an am unit not ex-
ceadirg ons hundred and ten thousand dollars,
shall be used III he discharge Of g money indebt-
cdpess on sccoant of the compsny'a ands, and
that the balance Of tho projects f said stock shall
be emptosed in tha development OF the Company's
property, and for promoting in general Way the
obje t. thereof.
Al the PROCEEDS Of said stock except what is
needed to pay OIL indebtedness upon the lands as
bereinbcioIc stated will he general assets of tho
i tL.h fNtsh nn
ton snd OF all of its ocknotcrs IN common.
The two hundred thous md collars of full paid
and non -assesaabie STOCK is now for sale by the
ompsuy al pir, and subscriptiO ere invited for
the same. Bot he Company reserves t. iis9lf the
right 20 rel ct a,y subscriptions which may be
ma le sfter tho Two thousand shares now ohsred
have been sold.
The t,rms upon which it is offered gro as fol.
lows Tea per cent st time Of purchase; ten per
cent on call of the Conpei y AID ten per cent
monthly thereafter until paid up in full at any
time.
The holders of three shares OF stock thus pur-
chased from the Compai shall, in addition to hts
STOCK ba entitled TO one lot on tho Con- plny 3
properly, which, if it be q business lot. snail be
not less than twenty five feat front, and il "a resi-
dence lot, no. less than forty feet front, aud
whether The one or the other the depth shall be in
fair proportion to / ) width and 80 on for every
additional three shares of stock.
1t is urd srstood that the holders of the five hum
bred shares of stock not u ned over to the Com
panv for sale by those who took the whole issue
Of stock made and given in payment for the lands
now owned by tic % npar y shall be entitled to
participate in the Distribution of lots TO b, nsdo
amongst stockholders as herain prov ed for in
the rat prescribed in resp CT To purchasers OF
stock fro1 tie Company. AL >f.he stock, as re-
g I'd. the drawing and distribution OF lots nal! lie
on the .me fcotnie. 1t is tbs III p ) of the Com.
pany to set art It's mineral and forest isuds Tor
the benefit Of the COZ porotiop sld also TO rcserye
for Its bereft and ei jogment TIE lake aud ali
sprins on the p,operty. Besides such portion 5
OF the land rs will probably lie Eeedci for manu-
featuring sites, or p1blic buildings right of way
10 minerals, timber &C., hotels and other houses
OF entertainment, bcnevoence and amusement,
and for 50 lsres, parks and pleasure grounds, will
be reserved for these p1rpos 5. The remainder Of
tho iompar VS. grounds probably about two hu !
dred and twenty live acres, Will be div1hed INTO
streets and !o.s. The number OF lots will p-cosb
Zach 40 i, A number of these, acap ed 20 bald.
ing pup SIS, some Iitsbie for bn iaess noes
! and other residences will be distributed, by q
| drawing. to stockholders according to the plan
herein set forth
Z he distrlbu ion Of lots will take pice az come
convenient place on near the Ccmpanys
sroupds upon day to be Gxcd hereafter, OF which
due notlco viii be given By publication in one or
more newspapers or otherwise. All stock which
has been fully paid, or upon which all ii stslments