The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1907-01-05

To Lay Out an Addition.


plat regularly and lay off for an
addition to the city. These gentle
men were led to this action by the
scarcity OF cheap lots in Lexington
and the discouragment which
workingmen and otters Of limited
means encounter in acquiring homes
Of their own. They expect to be
joined by the people of the town
generally In the incorporation Of a
company having for its object TO
build an electric or a gasoline motor
car line to the mines south Of town,
to prevent the laying out Of town
site aud the Incorporation of a town
four or five miles south Of Lexington.
1t is believed that the accomplish
ment Of these purposes would result
in largely increasing the population
and the volume of trade Of the city
The opportunity seems to be inviting
Of making beginning 10 the matter
OF country electric lines, and OF
making this beginning with unusual
prospect Of profit to the line Itself
and to the city.
The price paid for the Teubner
land was $500; for the Burden
land, s9,l67.
At meeting Of the purchasers Of
the addition site Tuesday afternoon
it was decided try out the feasibility
of Incorporating company to be
capitalized at $50, 600, half OF which
is to be paid up aud the other half to
be paid in on the demand Of board
OF directors to be elected by the
subscribers to the stock when the
subscription books have been closed
the land for the additions to be
purchased from the present holders
at It's cost price, motor car line TO
be built to the mines south Of town,
and thus both addition and the
motor line TO be owned and controlled
BY The same company.
Further details are yet to be
worked out. 1t is hoped that the
subscriptions to the stock may prove
sufficient tC provide an electric street
car line between the Missouri Pacific
station and Myrick in addition to tie
gasoline motor line from the proposed
addition south to the mines j. r.
MooreheSd and DR.. Fredendall have
been Investigating the recent
experience OF towns Of the size OF
Lexington in the matter Of such
lines and the statistics which they
have collected are such as to lend
every encouragement to the
enterprise. The operation Of gasolihe
motor cars has been found very
inexpensive, and II is believed that
from the first five hundred miners
would avail themselves OF this service
aud later much larger number. After
successful operation for few years
extension to the c. & A. railroad
would result as a natural issue. 1t is
estimated that the road would cost
about $1,000 per mile and the
equipment about $500
The following form Of subscription
to the suburban addition and railway
enterprise has been adopted:
ain consideration OF the benefits
J to be derived by me as well as the
mutual subscriptions of others to the
common purpose herein expressed
/ do hereby subscribe and promise to
nav for--shares OF the capital
stock Of the par value OF s25 each, In
a company proposed to be incorporated
by US under the provisions of Article
TX Of Chapter l2, Of the Revised
Statutes Of Missouri, 1899, to lay off
suburban addition to the city OF
Lexington, and provide transportation
TO aud from the same and through said
city. Said corporation to have a
capital stock Of $50 600 at least, one
bali paid up, and do agree to pay the
one half Of my stock when the
subscription is completed and to pay
the balance on the call OF the
directors Of said corporation" /"
AS soon as the extra work Of the
beginning Of the year is over, within
the next few days, the work Of solicit
ina subscriptions to the capital stock
ofthe company viii be actively begun.
The matter has been very favoably
received by the public.
49,. Tor1t...r ,.,A,.-.oS A..