266 



History of Hingham. 



Provision was also made for the taking and holding of neces- 

 sary real estate, for the settlement of land and water damages 

 and for the purchase by the town, at any time, of the corporate 

 property, and all the rights and privileges of the company at the 

 actual cost of the same, with interest not exceeding 10 % per 

 annum, said cost to include all actual loss or damage paid or suf- 

 fered by said company for injury to persons or property, deduct- 

 ing from said cost any and all dividends which may have been 

 paid by the corporation. 



Authority was given the corporation to make sale, and the town 

 to purchase, on condition that the same is assented to by a two- 

 thirds vote at any legal meeting of the town called for the 

 purpose. 



The first meeting of the persons named in the act was held at 

 Loring Hall, on Saturday evening, August 9, 1879. Hon. John 

 D. Long presided, and Mr. Starkes Whiton was chosen Secretary. 

 The act of incorporation was read and accepted and a committee 

 chosen to draft by-laws, nominate a board of directors and other 

 officers, and solicit subscriptions to the capital stock, which was 

 fixed at $80,000. 



A communication was read from Messrs. Goodhue and Birnie, 

 of Springfield, in which they agreed to build the proposed works 

 for the sum of $70,000, and Mr. Goodhue being present explained 

 the manner of making and laying the pipes, and other matters 

 of interest. 



The first share of stock paid for was disposed of at a church 

 fair, in one dollar subscriptions, and was awarded by lot, to one 

 of the summer residents of the town. Subscriptions came in 

 quite rapidly, and at an adjourned meeting held August 16, at 

 which Mr. Ebed L. Ripley presided, it was announced that about 

 $37,000 of the stock had been subscribed for, which, with what 

 Messrs. Goodhue and Birnie had agreed to take, left onlv about 

 $8,000 to be placed. 



The original subscribers for stock were as follows : — 



SnARES 



Morris F. Whiton 10 



John P. Spaulding, Boston . . 10 



Charles Siders 10 



John De Wolf, Brookline . . . In 



Herbert C. Nash, Boston ... 10 



Starkes Whiton 5 



Wm. Fearing, 2d 5 



Arthur Lincoln 5 



II. M. Clark 5 



E. J. Andrews 5 



J. A. Ordway 5 



Henry C Harding 5 



E. W. Hay ward 5 



J. F. Clement 5 



Martin Haves 5 



David Cushing, 2d 5 



