Pine Bluff daily graphic., 1901-03-06
COMPANY ORGANIZED.
WILL BE KNOWN AS CITIZENS
 LIGHT & TRANSIT co.
Capital Stock $2oo,ooo subscribed- Work Will Begin at an Early
 Date.

The Citizens Light & Transit Com pany, of this city, which will surely build an electric street railway for Pine Bluff, was organized Tuesday afternoon.
 This company illacquire the rights and franchises of the Bluff City Lum- Der Co.,, awarded to the latter com pany by the City Council and the 1 Board of Public Affairs
 The general nature of the business proposed to be transacted by this | corporation is the building. equipping, constructing, establishing, operating and maintaining water works, cleo tric street railway, and the manufac- ture, conduct, sale and supply of cleo tricity and gas for lighting. heating and power purposes, the buying, leas- ing and selling of real estate and per sonal property and franchises, rights and privileges in connection with the business above mentioned, and bor- rowing money and issuing bonds, debentures or other obligations of the company from time to time. for the lawful purpose Of the company, and securing the same by mortgages or by deed or deeds of trust. or by other instruments, or any or all of the property, rights, franchises and in come of the company whatever. Wherever situated or acquired and to be acquired, and selling and dispos- ing of the same in such manner and upon such terms as the Board of Di- rectors of the company may deem ju- dlcious, and doing any and all acts as are incident to the lawful prosecution of such business.
 The incorporators are Messrs. J. B York, w. J. Galbraith J. F. Ruther- ford, w. H. Langford, Charles J.. Samstag, A. Brewster, R. M. Gal braith, Wm. Burke, Charles Senyard, M. A, Austin and Young & Danher.
 The capital stock of the new com oany is S200,00o. all of which has feeH subscribed. It is made up of 2AH0 shores of $25 each.
 The first meeting of the company was held Tuesday afternoon at 3 o'clock and the Board of Directors and officers were elected. The Board $ composed of all the incorporators. and the officers are as follows:
 President, J. B. York.
 Vice President, ". l. Galbraith.
 Second Vice President, \. Brew ster
 Secretary, R. NJ Galbraith.
 Treasurer, !. H. Langford.
 Attorneys, Austin & Taylor, Young & Danaher
 The Board of Directors will meet this, Wednesday, afternoon and from time to time until all preliminarios arc arranged.
 A competent electrician and super
 ntendent will also be employed at an carly date and work will begin as soon as the survey, report and osti- mates arc made.
 The Binding Clause.
 There are a number of people in this city who still believe that the street railway is not an assured fact There are others who claim that the light contract in it's present condition will not be sufficiently strong to en- able the city to hold the company to it's contract and thereby compel same to erect the street railway in conncc- ton with the light plant should tho company decide not to do SO v.h.~h
 "0t very re"1il' Tor tho homo. 4" .S ptieal ones, we ruh'ieh here "ltF " zt"z ~"f1v.ay clause in The ~t contract, which reads as fol
 1t is agreed between the parties hereto that this contract is condition ed upon the agreement of the party of 1 the second part (Buff City Lumber 1 Co). it's successors or assings to erect and maintain an electric street railway and lighting system in said