The Newtown bee., 1906-01-26

DICK DullulllS, Ld>t
 Thursday Night.
 ANOTHER MEETING ON
 THURSDAY EVENING,
 JANUARY 26,
 When It Is Expected That A Com
 pany Will Be Formed.
 A largely attended meeting, to con- slider the avisability of the Organiza- tiOn of water company, was held Saturday evening at the Brick butld- ing, and much enthusiasm was man. ifested. Attorney Charles H. NOrthrop was made chairman and P. H. McCar- thy secretary. K. w. Seibert, repre- senting F. w. Seibert & %. of Water bury, was present. He offered to put in the plant for $21, 675, which was less than the figures of Warner & Madigan. He favored building 8 reservoir large President D. c. Peck of the Savings bank came forward with generous offer donating the site of the reservoir and right of way from the lake to the reservoir, free, providing the Water Go. would give him free use of the water during his life time. He would also take $500 worth of stock. The announcement of this offer was re- ceived with applause. A committee, consisting of Rev J. Fl. George, l.. c. Morris and c. B. Taylor, was appoint ed, representing the stockholders, to retire and bring in list of directors for the proposed Water Co. They brought in the following names: A. T. Nettleton, D. 0. Peck, Elmer W. Fair child, 0: B. Taylor, ". J. Beecher, L. c. Morris and W. A. Leonard. Those present at the meeting were: Judge Glover, W. B. Glover. G. A. Northrop, H. M. Smith, Frank Wright, c. F. Beardsley, Dr Gale, W. c. Johnson, E. 0. Platt, w. A. Leonard, l.. 0. Morris, John F. Houlihan, George A. Drew, R. H. Beers, A. T. Nettleton, Frank Mitchell, Wilson M. Reynolds, c. G. Peck, M. J. Houlihan, Patrick Cannon, P. H. Mccarthy, Mrs w. A. Leonard, Mrs Laura Leonard, Miss 5. J. Scudder, Elmer w. Fairchild, c. B. Taylor, W. A. Garfield, A. P. Smith and H. H. Peck. Over 814, 900 worth of stock in the proposed Water Co. has already been subscribed for, and the organization of the Water Go. will be perfected at a meeting of the stock holders to be held on Thursday night The charter for the Water Go. as granted by the Legislature was as follows:
 Senate Joint Resolution No. 36. THE VIEWPOINT WA
 TER COMPANY.
 Resolved by this Assembly: Section l. That Michael J. Houlihan, Daniel W. Nissan, Julius w. Knowlton, Charles H. Northrop, Smith P. Glover, Isaac W. Harris, Thomas H. Madigan and William H. Glover, with all such persons as may hereafter associate with them, for the purpose of supply ing the borough and town of NewtOwn and vicinity with pure water for pub lie, domestic, and other uses, their successors and assigns, be and they are hereby incorporated under the name and style of The Newtown Water Company, and by that name shall be and are hereby made capable in law to have, purchase, receive, possess, and enjoy, to them and their successors, lands, rents, tenementS and goods, chattels and effects of whatever kind or quality necessary to give effect to the specified purposes of said company, and for the accommodation of it, and to grant, sell, convey, and dispose of the same; to sue and be sued, plead and be impleaded, defend and be de- tended, in all courts in this state or elsewhere; to have common seal and the same to renew at pleasure; also to make, ordain, and establish such by laws as shall be deemed necessary and convenient for the government of said corporation not contrary to the laws of this state or of the United States; and to do and execute all and singular the matters and things which to them shall appertain, subject to the provis- ions hereinafter contained.
 cated in the town of Newtown, and its capital stock shall be ten thousand dollars, divided into shares of twenty five dollars each, twenty-five per centum of which shall be paid in be- fore said company can exercise the privileges and powers herein conferred. Said capital stock may be increased to fifty thousand dollars at the pleasure of said company, but no such increase shall be made, except as the same shall be paid for in cash or its equival- ent.
 Section 3. The persons named in the first section of this act, or a major ity of them, shall open books for the subscriptions to. the capital stock of said company, and shall receive said they may adopt for the purpose; and when the whole of the capital stock has been subscribed for, and twenty five per centum paid in, in cash, the persons authorized by this section to open books for the subscriptions to the capital stock are hereby authorized and directed to call the first meeting of the subscribers to the capital stock, at such time and place as they may ap. point, for the choice of directors O1 said company. Said directors may call in the balance of the subscriptions tC the capital stock, and require the same to be paid by installments at such times and places as they shall deem proper, giving such notice there. of as the bylaws and regulations o1 said corporation shall prescribe; and in case any stockholder shall neglect ol refuse payment of such installment ol miscellaneous for the term of thirty days after the same shall become due and payable, and after due notice thereof, the stock of such negligent stockholder, or so much thereof as shall be necessary, shall be sold by the directors at public auction, on giving at least ten days notice of such sale ir some newspaper published in New
 town, and the proceeds of such sale shall be applied in payment of said in staIlment and the expenses attending such sale, and the balance, if any shall be returned to such negligent stockholder; and such sale shall entitl, 1 the n1lrchaSar tQ all the riuhfS of {