Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1899-03-30
PLANT TO Be GUILT SOON
ASSESSMENT OF TEN PER CENT LEVIED
Enthusiastic Meeting of Stockholders Of
the Reorganzed Twin City Electric Co.
Held in Centralia Tuesday Night.

/
The first stockholders meeting OF
the reorganized Twin City Electric
company for the purpose of electing
directors, considering erection OF
| plant and plans of procedure wfs
called to order in the Business Mems
rooms, Centralia, at s O'Clock prompt,
Tuesday evening, March %.
attendance was large, ent husiastic
and earnest, thirty-seyen stockholders,
representing 7OS shares in the aggre-
gate, being on hand. This first meet
ing is prima facie evidence that the
twin city company is started on a
solid foundation and that there can
be no question as to the success of the
cooperative venture. The new steam
electric plant is sure to come soon.
Stock subscriptions have now reached
the $4,000 mark and more are in
sight.
On motion Geo. l.. Williams was
secretary of the meeting.
Remarks were made by f. j. Wood,
John A. Gaynor, John Schnabel and
John DAILY in favor of a steam plant.
thoroughly equipped with all the
latest modern improvements, includ-
ing buildings, engines, dynamos, ETC.,
the same to be owned entirely by said
company making them independent
of all outside agencies.
1t was the sense of the meeting
that meters be placed in residences at
the expense of the company and to be
owned by them.
1t was stated by John DAILY that in
Merrill, Wisconsin, today there is
being erected a steam electric light
ing plant that when completed will be
second to none in the state and it was
suggested by him that it would be
well for some of our representative
men who understand this business to
visit said plant for the purpose of
cleaning information that would GER
tainly prove useful in the present
local movement.
A discussion as to the estimated
cost of the new steam plant brought
out the following figures: Estimates
from expert electrical contractors or
architects received by the board of
directors ranged from SIG, 500 to S21,-
900. total cost. This would include
purchase of land and erection of sub
stantial buildings thereon, wires,
poles and all necessary devices required
for a model plant. 1t would be such
plant as would comply with all re-
quirementS of insurance companies,
reducing the rate and current running
expenses to minimum
Following above discussions the
stockholders proceeded to elect a board
of directors, and all present unani-
mOuSly voted to continue the old
board in the harness. Their work in
the past has been thorough and care
full, hence it is safe to predict that
the newly organized institution will
move along rapidly and smoothly
under their direction. The board in
cludes MeSsrs. E. P. Arpin, F. J.
Wood, John Schnabel j. A. Gaynor
and Geo. M. Hill.
1t was moved and carried that it be
the sense of the meeting that the
directors levy at once an assessment
of ten per. cent on stock subscribed.
By a resolution presented in writing
the articles of corporation were
amended increasing the capital stock
from $4,000 to $4,000 and that the
same should consist of 2OOO shares,
each of which shares shall be of the
face or par value of $40 The shares
were formerly of the face or par value
of S..
This amendment was carried unani-
mouSly, all stock present, 70S shares
represented voting in favor thereof
Meeting then adjourned.
BOARD OF DIRECTORS.
The directors of the Twin City
Electric company held a session
Immediately after the stockholders
meeting and elected officers as follows:
PreSident-F. J. Wood.
Secretary-E. P. Arpin.
Treasurer-Geo. NJ. Hill.
They then adjourned until Friday
evening next when active operations
will be taken under consideration for
the conSummation of plans as early as
possible.
A CHANGE FOR THE BETTER,
Citizens Ward CaucuSes and Convention To
Suecoad Doaor