Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1878-05-31


So. 900 90
Deduct bequests, etc.. ........ 43. 500. 90
$l9. 100. 90
Thus, it will be seen, there is balance
above all bequests and other demands,
according to this statement, exclusive of
the homestead property, of Sl9, 100, which
may be used in the purchase of lots and
the erection Of suitable library or me-
mortal building, and for fitting up park,
should the amount received from the estate
justify the latter expenditure. The will
provides that should the estate, through
shrnkage i'll value of real estate, or from
other cause render it advisable to sell the
homestead property and use the proceeds
in connection with the library, the Council
may so dispose of said property. 1t is the
belief of your committee that enough may
be realized from the estate to not only
erect suitable memorial building, after
paving all bequests, but to properly fix mp
the park in accordance with the wishes
avr-ossaA IN tho viii In uuI JuLgmruu
the estimated value of the real estate here
given is sufficiently low to warrant against
loss from depreciation, and the chances
for an increase over estimates are greater
than for decrease.
Your committee learned from the execu-
tors that the relatives of the late Mr.. Way,
to whom bequests are made, have refused
to receive the notes held by the executors.
Said notes are drawing eight per cent,
interest and are secured by mortgage upoR
the lands sold
In view Of the facts here presented, it is
the opinion OF your committee that said
executors might, without detriment to the
interests entrusted to their care, turn over
to the village of Perrysburg such amount
of the notes referred to as may be required
for the purchase of lots and the erection of
suitable memorial building during the
present season Labor and building mate.
rial are probably cheaper now than they
will be for sometime to come. Many
mechanics and laboring men are out of
employment, and the benefits arising from
such cheapness Of labor and material, and
tho blessings flowing from the employment
of otherwise idle hands, would compensate
for some sacrifice of personal convenience
and for some change of routine business
methods, where the same may be done
without jeopardizing the rights or interests
of any one
There is little reason to apprehend diff
Guilty in securing cash for the notes at par,
ard no doubt these securities could be
readily used in the purchase of lots and
the payment of contractors without dis
count. The executors, or some of them,
are disposed to permit the Council to ar
range for the payment of contractors, and
for the necessary lots, in real estate at
fair valuation, but in our judgment they
should at least furnish ne,half the amount
required in the paper referred to. Perhaps
with ability to pay part cash we might be
able to use real estate for the balance 1t
is not believed that the lots and buildings
proposed should cost to exceed 81 1000 to
IS, 900.
Your committee present herewith a reso-
luton, which it is hoped will meet your
approval.
l.. c. WILSON,
S. d. WEsTCoTT,
GEo. BoETsCH,
Z. A. HIGGINs,
Committee
The following is the resolution presented
10y the committee:
Rcsolrcd, That while tho executors of the es-
tate OF the late Willard V. Way are not legally
bound to pay 10 the village of Perrysburg. as
residuary legntee, any portion of the funds
coming into their possession until all other
claims under the will are satisfied. still. under
EXISTING circumstances, IL is in their power to
afford such aid as may be necessary tu insure
the purchase of lots and the erection of a me
morlal building this season, and that we earn
estlS request them to co operate with the COun-
ell IN efforts to push forward this work. which
would DO of great benefit To mechanics and
laboring men at this time. aud add something
TO the general business interests of the village.
On the passage of this resolution, the
yeas and nays were demanded. Resale
ycas-Messrs, Boetsch, Lafarre, Westcott,
Wetmore and Wilson; nays-none.
Mr.. LaFarre, from Committee on Fire
Department, offered the following rcsolu,
ton;
Resoired, BY the Common Council of tho vii.
!age 9f Perrysburg, o., that In their opinion II
lnge should have scme protection in case of
nre therefore, be il
Resoired. That tn, Committee on Fire De-
part be and the same are hereby author
lLed, empowered aud instructed to purchase.
Tor the use Of this village, y good, light and
new, and up TO the standard of fire epgines of
that class and capacity. and also shall not ex-
ceed IN cost the sum Of 1925. at the place where
purchased, and said cost Of engine shall be
paid out OF tho Fire Department fund. after n
good and sufficient trial of said engine has
taken place.
After explaining that nothing shall be
asked IN the way of further appropriations
for the Fire Department during the current
year, the vote upon the passage of the res
luton was taken by yeas and nays. and
resulted Yeas--Messrs B0etsch, LaFarre.
WestcoIt, Wetmore and Wilson; nays
none
On motion, the matter relating TO old
Finance Committees failure to account for
tue proceeds of certain bOnds hv than,