The record-union., 1891-03-14
SACRAMENTO'S STREETS.
The Citizens Company Sums Up a
Years Work.
The Work VIII Be Resumed the Com.
ing Year-PIans for Future
Operations, Etc.

The annual meeting of the stockhold-
ers of the Citizens Street Improvement
Company was held last evening at C. H
oatman's office, and the large number
that attended occasioned some surprise
1t was expected that about dozen would
respond, but instead over forty assem-
bled, and considerable enthusiasm was
manifested.
In calling the meeting to order Presi-
dent Luhrs said he considered that a
great deal of good had been done in Sac
ramento by the company. The business
was at first new to the directors and they
had to learn by experience. They might
have made some mistakes, but they GER
tainly did some good. The people were
given cheap streets, and the work was
done in substantial manner. The di-
rectors were glad to say that they came
out just even at the end of the year, and
thought this showing would be satisfac-
tory to the stockholders. Next year they
would be in better position to work and
enough money might be made to declare
small dividend.
j. o. Coleman stated for the benefit of
the stockholders, that during the past
year, Director S. p. Smith had resigned
and 5. 5. Holl was appointed to succeed
him. Another vacancy in the board will
be filled by the selection of Benjamin
Leonard.
d. A. Lindley addressed the meeting
and informed the stockholders that the
directors might have made some money
out OF their contract work had they not
looked more TO the interests of the city
than to swelling of the stockholders
purses. The board had ordered work
done at times when almost twice the
labor was required to perform it properly.
on account of muddy streets and bad
weather.
The Secretary read report of condition
OF the finances, showing that there was a
balance on hand of 500 &c.
1t was stated that several persons who
had subscribed for stock had only partly
paid up, and some had not paid anything.
The Secretary was instructed to notify
those persons that if the amount due was
not paid within the next thirty days,
with interest from this date, suit would
be brought to compel them to forfeit their
contracts.
The election of new Board of Direct
ors was then declared in order, but before
any nominations We're made, DIR. Hunt
ington moved that the old board be ten
dered vote of thanks by the stock
holders for its faithful work. The motion
was carried unanimously.
d. A. Lindley was placed in noInina-
ton as one of the board, but he declined,
claiming that his business required all OF
the attention he could possibly give to it.
Mr.. Lindley's resignation was accepted
with regret, as he was recognized as one
of the most active members of the COM
pany.
The following gentlemen were finally
selected to serve as the Board of Directors
for the ensuing year: C.. A. Luhrs, T. NJ
Lindley, M. j. Dillman, John Blair L.. L.
Lewis, j. o. Coleman and Sparrow Smith.
Mr.. Coleman wanted to get the sense of
the meeting as to whether the stock
holders expected the board to make some
money over expenses this year, or
whether they would be satisfied with
having the finances balance.
a resolution was passed authorizing the
board to put all of the streets it undertook
to grade in good condition, and to manipu-
late the finances with view merely to
returning the principal, without interest
d. A. Lindley said that the board at
present would be able to pay S74 cents on
every dollar invested in stock. He also
stated that in all probability the COM
pany would want to take contracts this
year for doing levee work, but he con-
sldered the stockholders ought to author
lze them to do so if they deemed it adj
visable.
a resolution was passed in accordance
with the suggestion, empowering the di-
rectors to engage in the work of con-
structing levees, in addition to doing
street work.
The meeting adjourned, and the direc-
tors were called to order. C. A. Luhrs
was chosen President. and the election of
Vice-President, Secretary and Treasurer
was deferred until the next meeting,
which will be held Friday afternoon at
O'clock