Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1908-07-25
$4,000 STOCK TAKEN
BY COUNTY BOARD
Stock for Proposed Washington and
Berkeley Bridge Across Potomac
Nearly All Taken.

Nearly All Taken.
At a meeting of the board of county
commissioners Of Washington county,
Md, held Thursday afternoon it was
decided To take stock to the amount
OF $4,000 in the Washington and
Berkeley Bridge Co, formed for the
purpose of constructing a bridge
across the Potomac river at Williams
port.
The commissioners, at the same
time, selected MIR. Joseph c. Roulette
to represent the countys interests In
the company, will, 1T is understood, be
gladly complied with by the company.
The estimated cost Of building the
bridge is s65, 900. Private stock sub
scriptions received up to this time
amount to between $4,000 and $685.
000 and the county's Subscription
viii swell this amount to almost $685..
600. In order TO be on the safe side
it is the desire of the committee to
make the stock subscripti ions $40, 900.
President d. A. Rohrer,, of the
board of county commissioners, stated
there would be no increase in taxes
as the result Of the $4,000 stock sub
scription The money that win be
used in this connection is now on de-
post with Baltimore trust company,
Iatrrr a rNf In1+
and Chic railroad fund. 1t has been
held as a contingent fund, and the
commissioners feel that in no way
will the people of the county as a
whole be more identified than by aid
| ing the bridge project.
The resolution adopted bv the COM
missioners at their meeting yesterday
follows:
| Resolved, That the county commits
sioners OF Washington county invest
the sum of $4,000 in 1000 shares of
the Washington and Berkeley Bridge
Company, a body corporate under the
laws of West Virginia, for the use of
| washington county.
Resolved, That this money be drawn
from the Continental Trust Co., of
Baltimore city, and be made available
for this stock upon the following con-
ditions:
That the Washington and Berkeley
| Bridge Co., its agent or attorney pre-
sent to this board signed certificates
| together with the contractors bid ac-
cepted by said company for the same
which when added to the $4,000
hereby intedded to be subscribed shall
complete and pay in full for the con-
struction of said bridge. And that
when said bid and said signed GER
tificates are so presented to this board
then the president of this board is
hereby authorized and empowered to
sign a stock subscription payable 10
per cent. when the work begins and
the balance from time to time as
other subscriptions are paid for in
said company, and upon the condition
THAT a good and sufficient bond of in
demnity for the sum of $4,000 be
given to the county commissioners OF
Washington county conditioned upon
the said bridge company securing
proper legislation to cross the Poto-
mac river, the Chesapeake and Ohio
canal and the Western Maryland rail
road properties at or near Williams
port and where the said projected
bridge is to be built, and further,
That if the said bridge company fail
to obtain the necessary legislation at
the meeting of the next General AS
sembly of Maryland then the said
sum of $4,000 at per cent. per
annum shall be paid to the county
commissioners of Washington co1nty
on the list day OF May, 1910 and u1 on
the payment of the said sum o. $lO,-
900 at 5 per cent. as aforesaid. the
county commissioners OF Washington
county to assign said signed stock
certificates to the obligors at par.
And we hereby request the said
bridge company to make j. c. Rou-
lette director in said company as
representative of said WASHINGTON
| co,ofv