Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1900-01-11

We have orders on hand for seven
phones. We have material on hand
to the value of 800. Your Board of
Directors have been vigilant and faith
ful in the discharge of their duties and
they are proud of the results of the
year. The service, we believe, has
been good and generally satisfactory.
The rapid increase in phones and the
complicated condition in the central
Office neceSSitated more experienced
manager and in September last we
engaged such man in the person of
\. W. Bryant Of Merrill at a salary of
S75 per month. Since he took charge
the service has been much improved.
Some OF our old Standard phones have
been rebuilt by him and made aS good
as new. He purchased at no greater
expense to the company the StrDmberg
Carlson phone which, we believe, is
far superior to the ones we have been
using
The present capacity of our boards
cables, etc, at the central office are
exhausted and will neceSSitate some
changes this year to provide for the
constant growth Of our exchange
The service can be further improved
by building metallic and Obviate all
the present cross talk, foreign noises,
etc, that now give us considerable
annoyance.
The people of PittSviile, Dexter
vile and Babcock have petitioned
the Wood County Telephone Co. to
put in a metallic telephone line be-
Ween these points and have pledged
$1,000 in stock towards this enterprise
with promise of more. The total
estimated cost of such a line at
present prices will reach nearly $4,000.
These two propositions of rebuild
ing metallic and extending lines to
PittSville, DeXteryille and Babcock
are very important questions to be
solved by the next board of directors
and should be passed upon at this
meeting.
Our monthly income from rentals
amounts to $262.00. Our operating
expenses amount to $1,000, leaving a
net monthly gain of $500 or $1044 per
year from the present number of
phones.
At the close of the reading of the
presidents report the manager, A. w.
Bryant, explained the condition of
the exchange, including lines and
boards in central Office. At the close
of his remarks on motion the new
board of directors were authorized to
rebuild the exchange metallic if in
their Judgment they deemed it wise
and eXpedient.
The question of building d metallic
line connecting Pittsville. Dexter
willie and BabcOck, with the Wood
county exchange was discussed at
length. On motion the new board of
directors were authorized to build
said line if in their Judgment they
deemed it wise and eXpedient.
The following amendment to the
constitution was unanimously adopt
ed:
RESOLVED, That Article VII of
this Corporation be amended by add
ing thereto the following:
And this corporation shall reserve
an option to purchase at par from the
holder all stock it may hereafter
issue whenever the holder of such
stock ceases to rent from this com
pany as many telephones a, he holds
shares of its stock
So that when said article is 50
amended, it shall read as follows:
ARTICLE VII: Shares of the
capital stock of this Corporation
shall not be assigned, except to
leSSeeS OF the cOmpany'S telephones.
and the number of shares assigned
shall not exceed the number of the
company'S telephones leased by such
assignee for his own use, and this
corporation shall reserve an option tO
purchase at par from the holder. all
stock it may hereafter issue Whenever
the holder OF such stock ceases n rnnt