æt ðɪ ˌɪnstɪɡˈeɪʃən ʌv mˈɛmbɚz ʌv bˈoʊθ tˈaʊn ænd ɡˈaʊn ɐ kˈʌmpəni wʌz fˈɔːɹmd tə ɹˈeɪz mˈʌni fɚɹə θˈiəɾɚ təbi jˈuːzd baɪ jˌuːnɪvˈɜːsᵻɾi ænd tˈaʊn plˈeɪɚz æz wˈɛl æz baɪ pɹəfˈɛʃənəlz.
At the instigation of members of both town and gown a company was formed to raise money for a theatre to be used by University and town players as well as by professionals.