Lexington gazette. [volume] (Lexington, Va.) 1871-1962, 1903-01-07
Natural Bridge Park.


A party of Lyncbbur gers have
formed company to handle the
Natural Bridge property. A char
ter was granted December oath by
Judge Frank P. Christian of the
Corporation Court of that city, to
patitiOne.s John Stewart Walker,
John Victor, T. A. Jennings, Mr..
Bowman and l.. Lazarus, for the D.,
formation of company to be
known as the Natural Bridge Park
Company. The company, as set
forth in the chs rter, is organized
to purchase, hold, lease, and sell
real estate and personal property,
to take and acquire by purchase,
gift, assignment, subscription to
its capital stock, or otherwise, lands
or any interest therein, especially
a tract of land known as the Natu-
raj Bridge Hotel property formerly
owned by the Glasgow Investment
Company, with certain adjoining
tracts in the county If Rockbridge,
and to improve and develop the
same, to secure loans by mortgages
or deeds OF trusts on such lands
and improvements to give and
receive credit to lay out said
lands, or any part thereof which
it may require or hold into parks,
reservations and lots, and to con-
struct and build hotels, cottages,
swimming pools, lakes, roads, and
stage lires, and to build dams ard
mills to construct and lay out ia
the county of Rockbridge drives
and collect tolls, as prescribed by
law on the same, or any part that
it owns. to construct, lay out,
maintain, use, and operate water
pipes, sewers, gas pipes. turnpikes
and tramwnys and manufacture
and sell or dispose Of ges and
electric light and power on such
terms as may be prescribed to
sell, lease, or otherwise dispose Of
tramways, turnpike roads, or
drives, which it may construct,
own or acquire, as aforesaid Ito
construct and operate stores,
manufacturing establishments, and
cot her buildings, and to authorize
other persons and corporations to
construct ard build hotels, cot
. tages, dwellings, stores, manufac-
tories, and other buildings upon
its lands to subscribe to. pur-
chase, or otherwis, acquire and
hold stock in any other company
or corporation, to sell all or any
part OF its property, real, personal
or mixed, to any other person or
corporation and accept in pay
ment therefor the stocks, b6 nds.
or other obligations of sCch
corporation and generally To do
any and all such other acts AID
things and to exercise any and all
other similar powers which may
be lawfully done and exercised by
corporations chartered under the
general laws of the State.
The capital stock of the cont
pany is to be not less than ten
thousand dollars and not more
than twenty-five thousand, to be
divided into shares of the par
value of one hundred dollars each.
The amount of real estate to be
held by the company is not to
exceed five thousand acres. The
principal office is to be in Lynch
burg, but the company may
establish and maintain elsewhere
branch offices outside of or within
the State. The officers of the
company for the first year are
John Stewart Walker, president
John Victor, secretary and treas
urer and John Stewart Walker,
John Victor, T. A. Jennings, n.
r. Bowman, w. Pettyjohn. h. w.
Winborne, of Buena Vista and
c.. II. Paxton, of Natural Bridge,
directors.