Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1898-08-11
Bic DAM NEXT SUMMER.
PLANS FOR ITS ERECTION ACCEPTED.
Directors of Consolidated Water Power
Company Decide to Bride Great
Force-Encouraging Prospects For
Twin Cities-Cost $4,000,

Consolidated Water Power company
was held at their Office in Centralis
Monday evening at which time resolu
tons were approved which point
practically to the fact that construction
of the largest dam on the Wisconsin
river is soon to commence. That one
resolution means much to the twin cities
and every permanent resident therein.
We have waited and watched for ii
anxiously. The news is hailed with
delight.
The plan proposed is that the dam
shall strike on the Grand Rapids side
just above Nash Bros. mill. A large
tube connecting direct with Nash Bros.
mill will supply the $50 horsepower
they desire and it is thought that the
objections of all parties interested are
now obviated.
The advantages to come to the twin
cities by reason of this dam have been
frequently set forth heretofore. We
all hope that a final settlement of all
stockholders interests has been reached
and that all pal ties are satisfied. Tie
dam will have a thirty-foot head
estimated to give $4,000 horsepower.
Proceedings of the stockholders meet
ing are hereby published in full:
GRAND RAPIDS, WIS, Aug. s, 1898.
Pursuant to call by issuing and
serving written notices by the presi-
dent on the several directors of the
Consolidated Water Power Co. for
directors meeting at the office of said
company, at o'clock in the afternoon
on the eighth day of August, A. D.
1898.
The meeting was called to order by
the president, N. Johnson. The fol-
lowing directors being present; J. D.
Witter, n. Johnson, John Arpin and
G. NJ. Hill.
The following resolution was intro
duced and motion made for the adop-
tion of the same by J. D. Witter:
WHEREAS, F. w. Orbison, civil and
hydraulic engineer of Appleton, Wis
conSin, has prepared plans for a dam
to be built by this company across the
Wisconsin river, stiiking the east
bank of the river little nOrtherly of
the north end of Foundry island.
WhereOn is located Nash Bros. Touring
mill; and,
WHEREAS, The location and con-
struction of the dam according to said
plans will Obyiate all difficulty with
said Nash Bros. and will fully accom-
pliSh the main results sought by the
formation of this company and the
consolidation and development of
water powers; now, therefore, be it
ReSOtred, That said plans including
the location of said dam be and the
same hereby are adopted and approved:
and be it further
ResOlred, That the officers of this
company take such action as may be
necessary to secure the complete con-
structiOn of such dam during the
of 1899.
The above resolution was seconded |
by John Arpin. Motion being put by |
the president, all voted aye and mo-
tion declared carried.
Mr.. Arpin introduced the following
resolution and moved that the same
be adopted:
Retolrcd, That the president of this
be and he hereby is author
lied and directed to enter into nego-
tiatiOnS with the Jackson Milling Co. |
and the Grand Rapids Foundry Co.
and secure from. each of said COM
r1Jn tfnt 10
and terms which will |
be satisfactory to them under the
changes required by the construction |
of the dam across the Wisconsin river,
plans for which have this day been |
apOpted, and that he submit such |
written proposition to a future meet |
ing of this board for action thereon.
The above proposition as moved by |
Mr.. Arpin was seconded by G. NJ. |
Hill and put by the president. Was
carried by full affirmative vote.
6. NJ. Hill introduced and moved |
the adoption of the following resolu-
tiOn:
WHEREAS, Plans for the construc-
tiOn of dam across the Wisconsin
river as prepared by T. w. Orbison,
have this day been duly
and adopted; and
WHEREAS, 1t is estimated that the
building and completion Of such dam
will cost about the sum of eighty
thousand dollars; and
WHEREAS, 1t will be necessary to
raise such amount by issuing bonds of
the company to be secured by mort
gage upon all the property of the
company: and
WHEREAS, 1t is desirable that such
bonds be held, as far as possible. by
the present owners Of stock in this
company: now, therefore, be it
ResoIred, That the secretary open in
his Office list for the subscription
for bonds to be issued by this COM
pany to the amount of eighty thousand
dollars (SS0,000) to draw interest at
the rate Of per cent per annum,
payable semi-annually, principal sum
payable in ten equal annual payments
or inStallmentS, beginning after five
years from date Of issue, interest and
principal payable at the First National
bank of Grand Rapids, Wis. That
until January l, \. d. 1899, subScrip-
llOIS US ItCCIheu Olli} IiOuI OH1eIS vi
stock in this company and that such
owners be permitted to subscribe for
bonds proportionately and to such an
amount as the amount of the stock
held by each bears to the amount of
bonds hereby proposed to be issued.
After January l, 1899, subscriptions
shall be open to all persons and cor
pOrations desiring to subscribe for the
bonds. if any remain unsubscribed