The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-01-21
ARE READY FOR
SUBSCRIPTIONS
Citizens Approve Plan to Or
ganize Company
TO DRILL FOR GAS
And Prospect for Oil Around
Wichita.

A goodly number of citizens of Wichita
met in the council chamber last night to
.Ss,ear the report of the committee appoint
ID at the mass meeting last Thursday
night. relative 10 the organization of the
Wichita Mining and Prospective COM
and adopted.
Mayor Mclean acted as chairman of
the meeting with Geo. w. Smith secre-
tary OF the Chamber of Commerce. sec
Rotary. Immediately on calling the meet.
ing to order Mayor Mclean stated the
purpose of the meeting that it was to
adopt a charter and take subscriptions
The report of the committee was then
lead and adopted unanimously and with
out discussion.
everyone present saw the liberality of
the charter and the manner of conduct
ing the affairs of the company and every
one wanted to see the organization placed
upon its feet at the earliest possible
moment
The committee. in its report, suggested
The names of the directors Some Of the
persons present thought that the adoption
of the report with the names of the
directors meant that they were elected
and this would be Illegal The matter
was Strengthened out when il was an
nounced that the names were ONLY sug-
gested and were not TO be elected until
the holders of the majority of stock SUBJ
scribed should meet and formally cleo.
them. The gentlemen suggested are first
class business men and persons whom
anyone present was perfectly willing to
accept as directors
A subscription paper had been prepared
and on motion of Mr.. Allen, the chair
man OF the meeting was instructed to ap-
point committee OF ten men to solicit
subscriptions and Mayor Mclean an
nounced that he would do this today and
get the committee started out and hust-
ling for subscriptions.
Whenever the ma jority of the stock is
subscribed the chairman Will call a meet
Ing of the stockholders. when the char
ter will be formally adopted and the
board of directors elected.
The report of the committee is as fol-
lows. including the charter. which it is
proposed to adopt and apply for from
the secretary of state:
Mr.. President-Your committee appoint
ed to draft and submit a plan for pros
pectinS for gas beg leave to report
First. that the name of the corporation
be THE Wichita Prospecting and Mining
company"
Second, that the capital stock of said
company be $4,000. divided into 5000
shares OF the par value of 81 each, and
worcestershire when fully paid
Third. that the directory of said COM
pany. consisting of eleven members and
the following gentlemen are recommend
ed as directors for the first year: ]. II.
Stewart. James Allison, L. S. Naftzger,
c. II. Smythe. E. E. Masterman, Fin
lay Ross, a. S. Parks, A. c. Jobes, G. W.
Robinson. o. Z. Smith and c. G. Cohn.
Fourth, that the following be adopted
as the form of subscriptions to the capt.
tai stock of the company:
subscriptions to Capital Stock of the
Wichita Prospecting and Mining Com
pany.
I'VE, the undersigned, hereby respect
ively subscribe for ........ shares of the
capital stock of the Wichita Prospecting
and Mining company. 10 be organized
under the laws of the state of Kansas,
and hereby agree to pay for the same
as follows: Twenty per cent when full
amount OF the capital stock of said COM
pany is subscribed. and 20 per cent there
after as often as the directory of the
company may demand it. until fully paid
It Is understood that the said company
shall be capitalized for $4,000, divided into
shares of 81 each par value and shall be
worcestershire. IT is further understood
that said company shall adopt bylaw
providing that no debt shall be contracted
against said company until the money is
In the treasury to pay same"
Fifth. that the form of the charter
herewith submitted be the charter of said |
company"
Charter Of the Wichita Prospecting and |
Mining Company, of Wichita. Kansas: |
The undersigned citizens Of the state /