The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1919-02-10
Vote Was Unanimous, Price
to Be Sufficient to
Pay Debts
SHARES OF S25
FAVORED BY ALL
New Association Likely to Act Favora-
bly, on Suggestion-Sense of Meeting
Also that Each Certificate Garry Sea
son Ticket to Fair.


son Ticket to Fair.
No opposition developed at the meet
ing of the stockholders of the Valley |
Fair association in the Brooks House |
parlor Saturday afternoon to the plan
to sell the assets of the corporation tol
the. corporation recently formed tol
take over the fair property, the Valley
Fair Association, Inc. The vote was
unanimous, after discussion in which
every stockholdcr participated. and
Fred G.. Adams was named as agent to
execute a transfer of the property, the
consideration to be sum sufficient tol
pay the Indebtedness of the old corpo
ration, which was ll,l00 when the last
annual meeting was held in January.
While the old association had no au
thority to say what the course of the
new association should be- the sense of
the meeting was taken on several sub
| ieets, one of which was that the shares
| of stock should be S25 each instead of
500 as provided in the incorporation
papers and another was that each Ger
| tifieate of stock should carry with it
one season ticket for she fair, not trans
fcrablc. 1t is probable that the new
association will carry ont these sug
4 gestions.
Ahout 81 shareholders were present
when President Oscar F. Benson called
the meeting to order at 2.20 O'Clock.
| secretary c. r. Crowell read the call,
(which was to see If the association
would sell out to the new corporation,
and a roll call showed about 20 shares
OF stock represented.
Attorney Frank T. Barber, chairman
of committee consisting of himself,
Attorney Frank .. Z. Stowe and Glen
ham Jones, appointed at the annual
meeting 10 draft a plan of reorganiza-
. tion, stated that the committee had
drawn up articles of association for the
| Valley Fair Association. Inc, and had
filed them with the secretary of state.
Mr. Barber read the articles of as
ISOLATION, providing for n capital stoel
Iof $4,000 in shares of $50 each for the
specific purpose of carrying on agricul
tural fairs, and he moved that the as
sociation sell and convey Its property
= by private sale to the new corporation
and that Fred c.. Adams be the agen
Ito sign the necessary papers.
r. The motion was seconded by Denni
> son Cowles, who suggested that tn
chairman eall on every stoekholde
present for an expression of opinion
land this the president proceeded to dc
n John L. Gale of Guilford thought
: sale TO the new association the onl,
> feasible way TO dispose of the indebted
y ness He said the fair had done goo,
T to all those Connected with il, IN som
q ways that might not be fully realized
: He said there WASH t another section
e of New England where there was 5
u large u proportion of English speakin
/, lpeople, and that people from othe
communities appreciated that fact an
9 were Influenced hv ii in coming to III
: fair He hoped to see the fair go on.
u Bert 4. Whittemorc of Guilford sal
, he hoped to see the fair continue bu
he thought that with one or two 600
/" years with respect to the weather th
y old association might carry it on 3
!. well as new one. He did not oppos
: the plan, however.
: Arthur L. Miller of Vernon told of til
inspiration which many farmers r
= eeived from the fair George S. Prat
= lapproved the contemplated action.
- Lyman f, Holden offered as a
70 amendment to the motion that the pri'
- asked for the property be sufficient
cover the debts, exclusive of the cap
tai stock, which amendment was a
eepted by Mr. Barber. Mr.. Holde
said he never had missed a day at Il
fair and thought he held the record
n Fred A. Richardson, DR.. +. J.. OsgoC
y OF Townshenl and +. d. L. Stowe a
tproved the reorganization plan.
- Frank l.. Wcllman of Guilfol
W thought the sale ought to be by publ
lauction instead of private sale.
Senator +. c. Tenney of Brattlebo
thought that criticism of the manac
an ment Of the fair for the condition
It. which II found itself was unjust.
re- said the debt was not due to neglect
M lanybody's part and that the major
ice of the people would concur in til
ed statement. but that the weather W
'ps responsible.
ms William A. Shunlway expressed t
an opinion that the fair had its best da
before it..
George p Miller of Guilford, aft
| stating that he had attended the f;
every day but one,s said he thought t
lila shares of the new association were
thigh and that they. should be s25.
said if was not until recently that {
an stock Of the old association was sold,
al - ~. -