The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-03-26
The Largest Virgin Pine
Forest in North AL
ALBANIA within Four
Miles of the City.
Tho Following Liberal Proposition Is
offered by the Compsnyi


offered by the Companyi
TIKI JASPER LAND COMPANY propose. 10 sell
400 town lots In aud around the city Of Jasper.
az the rate Of 500 per lot business lots 10 be not
iesx than Is feet front and residence lots not ies
than 10 feet front And sgrces 10 set aside 20 rer
cent OF the money received from the sale Of lots
shove mentioned. which shall be deposited with
the Alabama National bank a. trustee. the ssmo 10
be invested by said trustee. under the direction %
the Board oi Directors Of sald Company In manu-
featuring industries or other Industrial Improve
ment 70 be located IN or adjacent TO the city Of
Jasper
The Jasper Land Company proposes 10 rive "
each purchaser OF lot OF lots certificate Of paid
up capital stock In some one Of the manufacturing
Embellishments 20 built equal 10 ope'hsh Of tho
money paid 10 the Company BY sAid purchaser.
The Company further agrees that upon the full
payment Of 500 for each lot subscribed for GER
tihcata or other instrument showing that tho hold
co thereof Il entitled 10 certificate Of stock -
above stated 10 the amount Of go shall he issued
which certificate shall b received AT par In part
payment for any other lot purchased BY the holder
thereof from the Company after tho allotment
herein provided for aud until May I. ikso
The Company further proposes that the psrticn.
lar lot or lot. % he taken b. the several parties
rpccilvely Subscribing therefor shall bc deter
mined "A follows. towit Tho numbers Of all lots
surveyed. laid out and plated, except each third
lot which Il hereby reserved by the Company.
shall BE- written OF printed upon cards and placed
In boz or other receptacle. committee Of sub
scrlbcrs shall be sppolntcd whose duty II will bs 10
call all the names Of the subscribers and The mum
Der Of lots By each subscribed and shall cause 10
BE- dmwn Of tho cards above mentioned one card
for each and every lot subscribed. and the number
or numbers ~ drawn shall he taken and consld
cred ~ the number Of lot or Lots purchased OF con
tracted Tor b. him. her or them rcspectively said
division 10 take place not later than May !. issa
The stock of Industrial or manufacturing compa.
nIc- 70 which each purchaser Of lot or lots Il en-
titled, shall BE- Distributed IN the sane manner a,
the lots Of the Company. At tome period within twV
ycsn from Nay 1, isss, or Immediately upon com
plcion Of ali Industries built with the % Per cent
20 reserved a. above ssi forth.
The Company proposc 10 "n each lot Tor the
sum Of 500 Of which So shall b paid In cash
SIS on the 18TH day Of April isH aud 80 on tho
ist day Of November. isss. with interest from May
I. issa The deferred payments 10 b. made 70 tho
Alabama National hsnk. Birmingham, Ala
nnt n Il stipulated by sald Company that the
failure Of any subscriber 10 meet any payment con
uscted 10 be made by him. ~ the time stipulated
shall forfeit 70 the Company any and All payment
previously made By such subscriber. and any and
oil rishi 70 any stock OF lot
These lots are taken impntlally from all The
property Of the Company, and include many neal
The business center Of the town which are nov
worth from $40 10 so each.
There 4 reason 10 believe that without The fpe
eiai efforts 70 he made 10 develop tho Advantages o.
II. location. the growth Of the town would SCOT
double these values
with the favorable influence Of two silrcsd
Goth large stockholders In Tho company 10 s-.is
the Company IN 10 sneru 70 build up the iowa
. rapid growth may reasonably beexpooisd-
Any one Of the lots oisred In this sAis could D
sold nov 70 home peepls for the price asked. bu
"a the oompsny desires 70 ell lane number 10
the purpo- Of producing fund 10 establish msnu
factories, etc. u has Incorporated. a. stated. an Inn
partial proportion Of their most valuable properly
40 that each subscriber will have an equal oppo'
tuully 70 re, for hk moneys let worm nov NOR
than ten tmss the amount paid