Los Angeles daily herald., 1888-03-19


GENTLEMEN Your Committee on
the Inspection Of Sites now beg leave
to report that q number of very eligi-
BILE locations have been visited by us,
and that it is the opinion of the MEM
bers of this committee that the offer
of Mr.. G. j. Griffith, of an acre at Los
Feliz for each member who will build
thereon, is the most favorable by far
for the purposes of this Association.
Your committee therefore recon-
mends that Mr.. Griffith's generous
offer be immediately accepted, and
the Secretary be instructed to ac-
quaint Mr.. Griffith with the fact.
Respectfully submitted.
G. w. BURTON.
l.. OSBORNE.
ALBERT ID. SEARL.
w. Il. MILLER.
Los Angeles, NJ arch Is, 1888.
The report OF the Finance Commit
tee was then read by the Secretary,
and on motion of Mr.. Burton, was
acted upon sel1dtim as follows:
To the Los 1ngeles Press Colony Asso-
citation.
GENTLEMEN Your Finance Com
mittee beg leave to report that the
funds for building purposes can be
obtained from the Union Building
and Loan Association on the following
terms: $1S so at the most per month
for each $1,000 borrowed until the
loan, with interest, has been paid /;
that arrangements have been made
with Mr.. G. j. Griffith as follows: To
deed to the Union Building and Loan
Association in trust for each borrower
until loan is paid, one acre OF land,
and to execute agreements to deed
upon completion and occupation of
building, an acre to each who desires
to build for himself. This will pre-
vent speculation, since no title rests
in the newspaper men until the loan
has been repaid or the buildings have
been paid for. As Mr.. II. I. Gage had
kindly rendered his services as legal
adviser to the Association, this section
of the report was referred to him for
consideration.
Your committee therefore recon-
mends that list of those who desire
to build on borrowed money be taken.
Carried.
Also that list OF those who desire
TO build with their own money be
taken. Carried.
That one responsible person be au.
thorized to subscribe for shares at the
rate OF 800 each in the Union Build
ing and Loan Association for all who
desire loans. That each who desires
to borrow, deposit with such person on
or before 25th day of March-the sum
of 81. 20 for each 500 desired to be
borrowed. Carried and II. Jay Han
chette appointed to secure the shares.
That each person desiring to build
on borrowed money prepare ground
plans Of such building and deliver the
same to the secretary at the next
meeting. Carried.
That proposals from architects to
superintend said buildings and far-
nish working plans be solicited, said
proposals to be sent to H. Jay Han
chette. Carried, and the Secretary
instructed to advertise for bids, to be
opened at the next meeting.
That proposals for furnishing lum-
Der and building materials be solicited
as soon as the amount required be as
certained. arried.
That proposals from contractors for
constructing all of said buildings at
once be solicited. Action postponed
for one week.
That committee Of three on water
be appointed by the Chairman. Car
ried, and Messrs. McIL tosh, Burton
and Brooks appointed.
That committee OF three, with
power to act, be appointed to confer
with Mr.. G. j. Griffith as to selection
of acreage and laying out same.
Carried, and Messrs. Hanchette, Us
borne and Miller appointed.
That committee on transportation
facilities be appointed and instructed
to confer with M. l.. Wicks, and also
to ascertain cost of obtaining and
maintaining a carryall. Carried. and
Messrs. Cornell, Kubel and Weed ap-
pointed.
That committee of three on hotel
be appointed to see if some person
can not be induced to build hotel
containing club rooms and hall. On
motion OF Mr.. Burton this was re-
ferred to the Committee on Acreage.
That all committees appointed, do
their work at once and be ready with
complete reports at the next meeting.
Carried.
That all who have suggestions to
make present them in writing. Car
ried.
That every person who does not
intend to build on these terms be
excluded from the meetings hereaf er.
Carried.
That the Los Angeles Press Colony
Association tender a vote of thanks to
each corporation or town or land
owner who has offered sites to the
newspaper men. Carried.
Respectfully submitted, H. Jay
Hanchette, L. Osborne, w. G. Miller,
0. A. Stevens, 8. Cornell.
On motion of Secretary Geo. r.
Broadbere the report of the Finance
Committee as amended was then car
ried unanimously.
On motion of Mr.. Lester Osborne it
was resolved to visit LOST eliz next Sun
day in company with the ladies' Of the
members Of the Association, and there
to select the site for the various homes
that the Secretary be instructed to
notify Mr.. g. ]. Griffith of the accept
ance Of his generous offer and Of the