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<br />2~
<br />
<br />TUI~~S DAY
<br />
<br />SEPTE:rL"9ER. 14, 1954
<br />
<br />:LJ..AJ3II,ITIES AND NET VIOR'l'iI
<br />
<br />--
<br />
<br />Current Lia.[):i..1ities:
<br />Accounts Payable
<br />Accrued Ta:;{8s
<br />Total Current L:i..8..bilities
<br />{Jet Worth:
<br />Ca",)ital Stoc]e, :,p;; Da..r vaJ..ue,
<br />Autj",ori,~ed 20 ,000 Sh~lres,
<br />L;cmecl and Ul't:, [,::'J:clin;; 13,770 Sha:ces
<br />Deficit for Five 'lonths Periocl
<br />Ended July 31, 1:)~~4
<br />Net Wort,h Ju~..y :31, 195h
<br />TO TL L LIJ;. B: LIe::' :J~S A [liD HE '1' ".rjm TH
<br />
<br />$ 4,J12.b2
<br />634.12
<br />
<br />$ 4, 776.5~J.
<br />
<br />~~68,850.oo
<br />
<br />2,518.42
<br />
<br />66,331.58
<br />$71,io8.12
<br />
<br />EXHJGIT liB"
<br />
<br />C jty COl1nci 1 of Eart:i..l1S vi 11e
<br />:Martinsvi lIe, Vir [-)..nia
<br />
<br />~'"
<br />i~
<br />i
<br />
<br />Gentlemen:
<br />In. coc.p1y:Ln~;,rj.. th S})CClllca.t.:!..on /12 as to tho e:cped..ence of the bidder in bus
<br />transportation or allied bus:iness, we suhmit on};,;' th.o.t four of the stockhoJ.ders
<br />of R;::,,)id Tr2..r1s:!..t Co., J::'lc., n..amely; Roy C. Stone, Panl stone, Carl Stone and
<br />Harry Stone have clovated tbe ir 1LCes vvork to tIle Flotor transportation fie1rJ and
<br />their reo or.] OJ:' ccccontDlishmonts in th :i.swork is l:nmm to all in this area.
<br />
<br />Vre submit the foL..ovring on operatinG EquiTJL1c1Tl:,: LG the present time the
<br />bidder 113.3 fC:ll..rrte,m c02..ches, each with' a seatinr: cape..city of o.pproxim~~"Gely 30
<br />per:3011S, to serve the Ci'GY of H2.rV~nsville. In ;:dci:'.tion, there are t:lree
<br />larf;er coaches ..Jo2....:, are available to the city service s;;ould t>eir use become
<br />necec3sa:c-y. Th(; b:!..cJder also has on order, v6th clclivvr=r elate apprmcimately
<br />Scptembe:c- 15, 1;).311-, five 1951..1. Gl:C coacl16s with wL icl: we coulc; rive better and
<br />more confortable ~;erv:~..c:e to the city }Jopula tien.
<br />
<br />In a 11Jrtho:c effo:~t to provide be-;:,ter an(l more conforta.ole bus service to
<br />the city of I.Iart;:;..r:.Sv:i..lle, we pl2.Jl on opening a coepletely new and l:lodern 00:3
<br />tern:Lnal on ai)proximc:t,eJy October 1, 1951t shoulcl o'er bi d be sucCeSSf"lll.
<br />
<br />Respectf11J..l~i yours,
<br />RalJid cl'r::lTls:i...t Company, Inc.
<br />
<br />,J. \'[.' olmos, S ocretary
<br />
<br />EXhIJIT "(;"
<br />
<br />City Council of I,:a..rtinsville
<br />1(:artL ns vi lIe, V:'.rgirr'..a
<br />
<br />Gentlemen:
<br />
<br />In the event th2..t our bid for tn e city of I'.Iartinsville bus franchise is
<br />successful, ~we af~reQ to moet all tems of the franchise as sta.ted therein and
<br />also agroe to m()C;t ciuch other terms as set ~:Or th in s-l)ocification #3.
<br />
<br />Res.:.:cct:fully yours,
<br />H.J..p::..c~ TrLlnsit Company, Inc.
<br />
<br />J . VI. Eolnes, Secretary
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