Tue 1 Apr 1788
Meeting at Bull Inn, Fairford
Mr Chambers and Mr Black are desired to pursue the business and to make the basis of a written agreement with his Lordship. They should proceed as soon as possible, as the seasons of the year requires the Company to cleanse the water courses and to take the Stratton water into the course.
Treasurer ordered to borrow ten thousand pounds upon the security of the tolls, rates and duties of the canal. Payments to be made at such times as Mr Chalie, Mr Chambers, and Mr Black think fit. And that they do issue bonds or assignments bearing interest at 5%; not exceeding the sum of £500 each.
£10 on every share to be paid to several proprietors in cash or in bonds. That is to say the treasurer to issue bonds to every proprietor with 5 or more shares. Proprietors with less than five shares his proportionate claim in cash.
That Sir Edward Littleton, Bart, Edward L Loveden Esq, Mr Carter, Mr Raymond, Mr Perry, Mr Jones, Mr Chambers, Mr Bright, Mr Thomas Lane, The Rev. David Disney, Mr Bayard, Mr Black, and Mr Chalie be elected as committee for conducting the works.
