[Picture: Watermill Road during the Flood, Dec., 31, 1900]

That a report be presented, and dividend declared, at an annual meeting,
on March 25th, with seven days' notice to each shareholder. A common
seal to be kept in a place of safety, and affixed to all legal documents,
by the secretary, in the presence of three directors. Henry Nicholson,
Draper, to be the first auditor, paid as committee of directors decide.
Samuel Sketchley to be the first solicitor; and the Lincoln and Lindsey
Bank the company's bank. Thomas Armstrong, Timothy Collinson, and Robert
Edwin Kemp to be the first trustees of the company.

The books may be inspected by any shareholder, between 10 a.m. and 4
p.m., in the presence of the secretary, or other person nominated in
accordance with Act 7 and 8 Victoria, c. 110. By clause 89 it was
provided that, in case of the company being wound up, the chairman should
declare the company to be dissolved with all convenient speed; all
property to be sold, and converted into ready money, to meet all claims;
a final distribution of assets to be made; no sale by private contract to
any shareholder being allowed. This deed was signed, sealed, and
delivered by the said F. W. Tweed, and witnessed by J. S. Cropper,
Horncastle, July 18th, 1855.

On Nov. 6th, 1889, a meeting was held to consider whether the company
should be wound up; but it was decided to continue it, and of late years
the financial position of the company has improved; the report for 1906
shews total receipts for the past year, 145 pounds 13s. 1d.; expenditure
87 pounds 2s. 10d.; leaving balance 58 pounds 10s. 3d.; allowing a
dividend of 1 pound 10s. per cent., the sum of 6 pounds 0s. 3d. being
still in hand. Offices on the same premises are rented by Mr. Reuben
Roberts, Corn Merchant.

THE WHELPTON ALMSHOUSES.

The Whelpton Almshouses are situated in Queen Street, on its east side,
being six small residences, for the reception of deserving poor persons,
natives of the town. They were established in the year 1861, under the
following circumstances.

The late Mr. Geo. Whelpton was a shoemaker, occupying a small shop, one
of several then standing in the Market Place, on or near the site of the
present Stanhope Memorial; {142a} the whole of these being cleared away
when the late Honble. Edward Stanhope presented that piece of ground to
the town, for the enlargement of the Market Place. He resided in a small
house in Stonewell Row,