The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-03-21
The Largest Virgin Pine
Forest in North AL
ALBANIA within Four
Miles of the City.
Tho Following Liberal Proposition 10
offered by the companyi

TIIE JASPER LAND COMPANY proposes 10 sell
aO00 town lots la aud around the city Of Jaspcr
At the nate Of si0O per lot business lots 10 b. not
less than p feet front aud residence lots not cs.
Than 10 feet iront And agrccs 20 sct aside 10 per
cent of the money received frOm the sale Of lots
above mentioned, which shall be deposited with
the Alabama National bank a. trustee, the samc ~
hc invested by said trustee, under the direction oi
the board oi Dirccior Of said Company. IN manu-.
featuring industries or other industrial Improve
menp 10 bo located In or adjacent 10 the city Of
Jasper
Tho Jasper Land Company propose 10 give %
each purchaser Of LOT OF lots certificate of paid
mp capital stock In some one Of the manufacturing
establishments ~ built equal ~ onehaf ~ the
money paid 10 the Company by said purchaser
Tho Company further agrees that upon the iuii
payment OF 500 ior each lot subscribed Tor a Ger
iihcatc or other instrument showing that the hold
90 thereof Il entitled 10 % coftlnoaie Of stock A.
above stated 10 the amount Of 80 shall be- issued
which certificate shall he received II par IN part
payment ior any other lot purchased by the holder
thereof from the Company after tho allotment
herein provided for and until May !, lisa
The Company further proposes that the parilcu.
lar lot OF lots Ia he taken by the several parties 10
spccliycly subscribing therefor shall bo deter.
mined a. follows, t0Nir The numbers Of al lots
surveyed. laid out and plated, cxccp, each third
lot which Il hereby reserved by the Company,
shall b. written or printed upon cards and placed
In boz OF other rcCcpiaclc. a committee Of sub.
srbcr shall h. appointed whose duty II will h. 20
call all the names Of the Subscribers aud the mum.
her ~ lou by each subscribed. and shall oausc 10
h. dawn Of the cards above mentioned one card
for each and every iot suhecribcd. and the numler
o. numbers % dnwn shall h. taken and consld.
cred AZ the number Of lot OF ots purchased of con.
A. ~
division W take place not later than May I. las
The stock u industrial o. manufacturing compa.
nics 70 which each purchaser of lot OF lots Il en-.
titled shall h. distributed ia the amo manner A.
the lots Of the Company n some period within two
ycar from May I. isss, or Immediately upon com.
pictlon OF all industries built with the 10 per ocnl
~ reserved ~ Above ut forth
The Company proposes 10 ell each lot cor the
sum Of eco. Of which ~ shall b. paid IN cash:
"a on the iith day Of April, isss. and % on the
1T day Of Noyemhef isss with Interest from May
!. ls,s Tho deferred payments 10 10 made 10 the
Alabama National bank, birmingham, Ala
But II l. stipulated by aid Company that the
failure 81 any suiscIhef " meet any payment con.
tfacied 10 he made BY him. NJ tho time stipulated
shai forfeit 10 the Company any aud all payments
previously made ny such subscriber. aud any aud
all right N any stock o. lot
The-c lots arr taken inpafialiy from all tho
property q the Company, aud Include many near
the business ccnicr Of the town which arc nov
worth from i1O n $40 each
Thcre b rason n believe that without the spo
cia efforts 10 10 made 10 develop the advantages 81
NJ location, the growth Of the town would aeon
double thcse values
with tho favorable influence o. two railroads
doth large stockholders In the company N assist
the Company IN ~ efforts N build up the town,
a rapid growth may reasonably be expected.
Any one u the lots onsfcd In this sale could b.
sold nov 10 home people Tor the price asked but
as The company desires 10 sell a lnwc number for
factories ETC., u has incorporated stated an im.
partial proportion Of their most valuable property
10 that each subscriber will have an equal oppor
tuniiy N get iof his money lot worth nov more
Than ten times the amount paid.