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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Oct 06, 1922
Page
3
One thousand shares max, each representing a one thousandth interest in the well and lease. Shares cost $45 each or one cent per foot to be paid as drilling proceeds. Purchase via Pecos Valley State Bank with funds held in trust and paid out only as feet are drilled and sworn by the driller. Judge J. E. Starley named attorney for the Wheat Guarantee Well.
A promoter pledges every cent of promotions be guaranteed and promises fortunes for shareholders. He details a plan to invest in 40 acres with a $45 000 capitalization, citing Toyah Bell and Mexia as proven indicators. Subscriptions capped at 1000 shares with certificates issued via Pecos Valley State Bank.
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