The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1891-02-18

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three sides of said property,
upon which they require build
ings to be erected.
FACILITIES FOR WATER,
The reservoir from which il
drawn the supply for the town
of Lexington is situated, cen
trally, on this land and on the
highest point. From this reser-
voir flows constantly a greater
supply of water than used by
the town of Lexington, which
by recorded contract, can be
diverted TO the uses of this prop
erty, and which would be suffi-
cient for as many people as
could find homes here.
THE FUTURE OF LEXING-
TON.
The rapidity with which the
stock of the Lexington Devel-
opment Company was placed is
a strong and reliable indication
of the confidence of the public
in the future Of this Historic
and attractive town. Not only
as an educational center, a
reputation she has long enjoyed,
but as an Industrial and Bust
mes Center.
LEXINGTON AS A HOME
AND PLACE OF RESI-.
DENCE,
will be sought after by the men
of means from six booming
towns surrounding the Rock
bridge Basin, of which Lexing-
ton is the centre. In a word,
Lexington possesses everything
necessary to make home life
beautiful and attractive.
VILLA SITES AND LOTS.
We have divided this property
into $50 villa sites and lots, the
villa sites containing from one
quarter to one acre each. The
lots, with but few exceptions,
are 50xf25 feet in dimensions.
More lots are available out of
the IS acres reserved for Park
in centre Of property. Imme-
diately after the allotment of
the entire amount Of stock, the
magnificent old Family Resi-
dence, which is located ON a
beautiful Villa Site preserved
for that purpose) will be sold
for the benefit of the stockhold-
ers, and will help them materi-
ally towards paying their as
sessments.
IL, however, at the first meet
ing of Stockholders, the major
lily of them desire it, they can
by ballot or otherwise, elect OF
allow to be elected an owner
/ for the residence and villa, and
the party who thus acquires il
shall have q deed for same by
paying 800 cash to the Com
lpany.
OFFICERS.
| Thos. s. White, Lexington
IVA, President. Geo. b. Italia
ferro, Glasgow, Va, Sec'y anC
Treas.
DIRECTORS:
Thos. s. White, Lexington
Iva. Geo. w. Poe, Glasgow
Iva. Geo. B. Taliaferro, Glas
gon, Va. ID. B. Taylor, Balti
more, Md. Warwick G. White
Buena Vista, Va. A. Il. Bar
clay, Pres. Buena Vista Co.
CAPITAL STOCK 100000,
divided into shares of 800
each, payable as follows: On
(S1.OO) dollar per share down Q
! time OF subscription, and on
! dollar every thirty days there
after until all the capital stoc
J shall have been called in, or
be declared paid up by the Diret
: tors. ~
ESTIMATE OF PROFITS.
! Profits which we think ma
7 reasonably be anticipated, "
\ estimate to be about as follow
TIT lots at the low figures
: 5000: we have $2l5, II
SO Villa Sites at $500 16,Ot
II Total 1921, 4,
Amt. paid for property 5000
Estimated Expenses 60
d Estimated profits $3.50
q As supplementary profit
e the above splendid showing. '
y have only 70 divide 100 of o.
e most centrally located lots In
p 200 twenty-five foot busine
y lots. This will give US the nj
Ie little sum Of one hundred tho
le sand dollars additional prof
d and these business lots viii
y absolutely necessary, for o
se property Is centrally located
sr that Of the Lexington Deyelo
ment Company, and hen
Z stores will necessarily be loo
N ted on these lots.
o. For further information 3
m W. II. Busbee and X. b. Boon