The Oskaloosa herald., 1905-06-22
THE lATERuRDAN

u
The htat beard u directors has been
elected BY The stockholders aud the
inierufbAn line 10 Buxton IL nearer
to-day than u has ever been before In
the history uf the enterprise
Never before In the history 81 the
city has there been 20 thoroughly
representative a company az business
men gathered together as was that al
the court room last evening In re.
kponse 10 published call for a meet.
Ing " the stockholders Of the oska.
lcosaBuxton Electric Tine. The men
were there for business and TO ratify
what had already been done toward
the organization q the company.
g. Il. Loiland was made chairman on
the meeting aud Frank ID. shafer and
u, n. o'Neili were, made secretary
and assistant. The roll call Of the
subscribers revealed the fact that
there were present people represent.
ing almost ninety thousand dollars Of
the one hundred and thirty thousand
dollars subscribed
Almost the first business before the
meeting was the hearing of the Arti.
Giles Of Incorporation that have been
under preparation during the past
couple Of weeks. Attorneys ]. r. La
cey, l., G. Blanchard, H. Il. o'Neill
and w. G. Burrell were delegated to
this work and the result has been
most satisfactory. Copies Of the ar.
ticles OF incorporation OF other com
panles operating as interurbans In
Iowa were secured and what was best
in all was incorporated in the oska-
loosa Articles. The work had the
careful thought and study OF the com.
mittee and the draft that was present
ed to the meeting last evening was
the outgrowth Of much labor on the
part Of the committee.
The Articles, after the answering Of
number of questions by Major La.
cey, were adopted Az read. with the
exception of the adding OF h single
clause, relative TO the cash value OF
stock issued.
Then followed the election Of the
following directors who will consti.
tute the first board: II. l.. Spencer,
Geo. Kalbach, Sam Baldauf, G. Z. LOT
land, w. X. Lacey, Chas. Huber, II, Il.
o'Neill, +. y. shafer, w. w. Williams,
and ]. n. Springfield. O..
The Bylaws Of the corporation
were, presented and were ratified by
the meeting.
The matter Of the amount Of the
stock now subscribed for was dis.
cussed to some extent. Mr.. Lonand
stated that the amount Of stock sub
scriptions had now reached $134,500,
and that this amount would be In.
creased materially before the sub.
scriptionB we're closed. An effort will
be made TO bring the amount, TO an
even $150,000.00. The company has
the promise OF large subscription OF
100000 from two individuals, provld.
ing the addition OF this amount would
bring the subscriptions 10 the mark Of
S150,000.00. To do this about eleven
thousand dollars must yet be raised,
and II is thought that the money will
be forthcoming without great din.
Guilty. " .a "..r.
The next step in the organization OF
the company will be the voting Of the
tax by the Oskaloosa voters on the
valuation Of the Oskaloosa property.
Petitions for the calling Of the cleo
ton will be circulated among the res
ident free!holders OF the city and the
election will Immediately follow.
The authorized capital stock Of the
company Is stated as 1--WE hundred
thousand dollars II is thought that
the subscriptions and the tax will
raise approximately half Of this
amount, and enough to carry the rail.
way across the Dies Moines river.
The marketing OF the bonds for the
completion OF the remainder Of the
property will be then a fairly easy
matter.
The completed list OF subscribers
up TO noon today ~ as follows
Okla. r. e. l.. Co. ....... $4,000
Baldauf.Rogenblatt Co. .... -. $500
Jno. A. &c Geo. Kalbach ...... 1900
Ogkalooea National Bank .... 5000
II. l.. Spencer Co. ............. 5000
O. N. Spencer. II, l.. Spencer A. I'LL
p. Spencer and o. 8. Elis 80. 5000
Huber e Kalbach Co. ....,...,. 5000
Hub Clothing House ....... -. 1000
Mahaska Co State Bank ....... 1000
Jno. n, e. w. n. Lacey ......... 5000
oskaloosa Savings Bank ....... 5000
Green e Bentley Drug Co. -. $500
Pfeifer. Belmont Co. ..."....... 1000
Wlghtman e Sheppard ....... 1000
Mrs. b. Frankel ............,.. 1000
Frankel State Bank. ........... 1000
The Golden Eagle .......,.... 1000
Walton Clothing Co. ......... 1900
Hawkeye Lumber Co. and VIM.
and r. II. Burnside ....s.... 1900
Geo. II. Moore e. Co. ........... 1000
Oskaloosa Herald Co. ....... 1000
T., 3. Blanchard ............. 1000
3. McCurdy ............. 1000
w. r.. Richie ........,....... 1000
II. e. o,Neill ..,....,....... 1000
Rev. James Harrison ........ 1000
uarris Bros. .....,........ 1000
- IN 1nO0