The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-07-26
PLANS COMPLETED
FOR HAWKINS PARK
Directors Elected and Discus
sion Held for Financ-
ing the Project.


Of the Richmond Lake and Park COM
pany present at the general meeting of
the stockholders at the Commercial
Club rooms on Tuesday evening, or
ganization was formed with the cleo
ton of the following board of direc-
tors: II. r. Robinson, Richard Sedg-
wick, and DR.. T. Henry Davis, to serve
three years; A. M. Gardner e. G. Hill
and James Carr. to serve two years.
and Elwood MCGUIRE, E. A. Dickinson
and George e. Seidel, to serve one
year. Directors will meet on Saturday
evening at which time election of Off
GERS will be held and the policy OF the
company definitely fixed.
Articles OF association were adopted
amendments being made In the name
Of the company and the number of
directors. Fleecydale Park company
has been selected as a name for the
company but after looking over the
subscription cards 1t was found that
all subscriptions were made for the
Richmond Lake and Park company,
and consequently the name had to be
changed
One Thousand Shares.
II was first planned to have a board
of directors, including seven stockhold-
ers. but this was amended to include
nine directors. The articles fix the
capitalization at $4,000, stock to be
sold in shares of $50 each, there being
a thousand shares. The articles will
be Aled with the secretary Of state
this week.
The purpose of the company as well
as the policy Of the company. as indi-
Gated by the articles. is to acquire a
tract of land to be converted into an
amusement, pleasure, scenic, concert
and entertainment grounds; or ground
on which to hold. own and maintain
homes, theatrical plays. operas, con-
certs and amusements, both for
amusement and educational purposes
and to license others to do likewise.
The life OF the corporation Is fifty
years. each of its annual meetings
being held on the first Monday in Au-
gust.
The city is given the right to pur-
chase the property which including
hundred and two acres Of land will
pass into the hands of the company
as the first payments on the stock
subscriptions are made. The articles
OF Incorporation declare in this regard:
I'm case the city elects to purchase
all the outstanding and issued stock
Of the corporation, 1t may do so at the
price for the same as issued, plus in
tcrest thereon ut the rate of five per
centum per annum from the date of
issuance to date of purchase, less the
aggregate amount of all dividends
,paid thereon"
To Sell the Lots.
The first thing which will be done
in the way of financing the PROPOSE
'tion will be the sale Of lots. It is ex-
.pected that two hundred or more lots
can be plated. each possibly being
iforty by forty feet. Bonds likely will
have to issue in order to raise suffici-
ent money to properly finance the pro-
sject. The dam, which will be erect
ed at either the extension OF North
Seventeenth or Eighteenth streets
The dam will make the artificial lake
OF more than a mile in length and
several squares in width in several
places and from five to twenty feet
deep. the lake growing more shallow
as It runs east, but good boating may
beenjoyed for more than mile. A
riverside and lakeside drive will be
constructed eventually. though not I'M
til after the lake is finished.
The Wayne county Fish and Game
association will stock the lake with
game ash. 1t is represented on the
board Of directors. There is a posi-
'bility that a white city will be located
east OF the present ice ponds. The
company also probably will construct
an ice house near Sixteenth street fol-
lowing the completion of the lake and
sufficient amount of the natural pro-
duct will be secured to prevent any
be famines in the future
Residents Of the city will be asked
to-. submit name for the park and
lake. The directors will decide on the
two most appropriate. Suggestions for
names should be addressed H. r. Rob-
lnson. care of Commercial club.
For Sale-Ladies' Bicycle, good
condition: will sell cheap; call LOG
North Third street o6-1t