The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1878-02-07
THE HARTgoRp. PRoRERrY. !

1
The following bill regarding the disposition Of
the Hartford property has been prepared and pre-
sented in the State Senate by Hon. Johnson sher.
rlck \ NJ MI i'Iml. Ia IIHI JF.H.sI n
A 6tt 10 duthOriss the cOlinoR Of The ciy Of Canton
OHIO 10 appoint board Of trustees 10 take charge
" property bequeqthed 10 He poor Of SAID citH and
hold He same IN trust for them.
SECTION 1. Be Il enacted bg me General assembly
OF me SLATE OF OHIO That the council Of the city Of
Canton, Ohio, be authorized TO PppOint at their
tlrst regular meeting IN April, 1878, a board Of
Trustees consisting Of three electors residents Of
the city or Canton Ohio one TO serve for the term
OF TWO years. one 10 serve for the term Of four
years, and one TO serve for the term of six years
and every two years thereafter said council shall
NJ theirirst regular meeting in April appoint one
mem Der for the term of six years The council of
said city shall have power and be required to fill
| any vacancy IN said board thamy occur by death
or otherwise at any regular meeting.
SEC. q said boa OF trusteesshall berequired to
glye loggid council their rbondsconditOned forlhe
iaithihl discharge Of their duties herein required,
| ana Tor the security Of such funds as will be en-
trusted 10 their care The said bonds shall be In
suticient amount to cover their trust and be ac
| ceplaDle 10 the council Of Canton, Ohio. The
| council OF said city shall pay to the members OF
said board all their legitimate expenses incurred
Dy them while carrying out the provisions of this
act but In nowise shall they be allowed any COM
| pensation for their services
SEC Said board oftrusees are hereby aEthOr-
| lzed ana required TO take charge OF all the prop
erty that has been bequeathed to the poor people
OF the city of Canton, Ohio, by the last will and
testament Of Thomas Hartford deceased Of the
CITY OF Pittsburgh, Pennsylvania, and to convert
said property into an irreducible interest bearing
| iuud, consisting Of first mortgage notes on real
| estate and bonds, and to hold the same In trust
| forever, The interest arising from such notes and
! bonds shall be handed over to the president Of
said council at least once In every six months to
10 tb, Ia nf
said city The secretary of the board shall take a
| receipt signed by the president OF said council,
ano ME the same In proper order The council
shall deposit all moneys arising from the interest
out for the benefit of the poor only, and by order
OF the council, signed by the president Of the
| council and clerk u.
| SEC A. Said board Of trustees shall have power
to sell and convey tile to all the real estate which
| by the last will and testament of Thomas Hart
ford, deceased, becon the property of the poor
people of said city and may sell the same at pri.
vate sale in such paris, and on such terms, as In
their Judgment Is for the best interest Of the fund
but iu nowise shall they sell and make deed with.
out getting at least one-fOurth of the purchase
money In cash. or in good securities, and the bal
| ance due on any sale shall be secured by first
mortgage notes on the same property, bearing in
terest at not less than six per cent. per annum,
payable annually, The principal of said notes
may bemade payable at any time, from one to ten
years but the interest thereon shall be paid TO
said trustees annually as herein required SAID
| board may petition the court Of common pleas to
have such property appraised and sold by order
| OF the court II they shall deem that mode best
| for the interest of all concerned, and the title
| made by the order of the court shall be good and
valid for all time to come. The court may direct
| that said property be divided a plat made, and
the property appraised aud advertised for sale
according to the direction ofthe court, and all the
proceeds arising therefrom shall be turned over to
said board for the creation of said fund II is un
derstood that the principal of all the proceeds be
applied to the iIreducible fund, and the interest
arising thereon be given to the council as herein
provided. . ........ .n ....
SEC. 5, The said board of trustees shall organize
| by eleCting one of their number president of the
board, and another, secretary They shall keep
| written journal or record of all their proceed
| ingS. The secretary shall do the writing of the
board, keep the records, file all papers properly
and take good care that all papers pertaining tC
| their trust be well preserved The board shall
meet on call of the president or in his absence, on
call of the secretary, and no meeting shall be
valid unless all the members have been notified
The board shall meet at least once in every three
months, and two members may constitute quo
| rum and transact business, but no question shal
be decided unless 1t receives two votes in its fa
Vor
SEC. 6. Said board shall make full and concise
report to the said council including fnancia
statement of all matters of interest to the public
In relation to this fund, which report shall bt
open to inspection in the Office of the clerk of the
council, and such clerk shall furnish copy o.
said report to the newspapers Of the city of Can
ton, and request them to publish the same, pro
vided they do so free of charge. -.
SEC. 7. Each appoinee shall, before entering
upon his duty as member of said board, make
oath or affirmation, which shall be administered
by the mayor of the CITY, that he will discharge
his duty faithfully, and use his best judgmentand
efforts In the interest of the fund, and endeavol
to make out of 1t as much as possible for the ben
| eft of the poor of said city" .
SEC s. This act shall take effect and be In force
| from and after its passage.