The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-03-29
The Largest Virgin Pine
Forest in North Al
ALBANIA within Four
Miles of the City.
The Following Liberal Proposition Is
offered by tho Companys

offered by the Companyi
rnr JASPER LAXp COMPANY propOscs soseii
ION town lots in and sn,uud the city Of Jasgcr.
at the rate of 500 per hi: business lot. To be not
les Than . fees frni aud rsilcncs srts not les
than % feet friai Aud aErc- TO - aside % rer
cent Of the mou-y received from tha sale Of lot,
above mentioned. which shall he dcpositci VITA
the Alabama National baak ~ trustee, tho sane b.
h, tnvrsied by aid rastrc unlcS the drcclion -
the Boati II director. OF said tom lany In manu-
faetnriug industries 81 otllcr industrial inpnyo
mcnts " b. 'o,acl In or ad,accns 10 the cIp 81
jasper
Tho Jasper Land Company proposes 10 rive "
each rHrchas.r 81 lot or lob cvriinraie Of ia;d
up capital stock In some QUO Of tie manufacturing
establishments 20 built equal 70 ouebsli 81 Tbs
money paid IN the Company by Mid purchaser.
The Company further Agrees that upon the hull
payment oi 500 for each lot subsidized for. ccs'
tlsptn or other instrument showing that the hold
er thereof n entitled n ecrtih,nie of stock 40
above stated to the amount 81 SO shall IL is<nei
which certlacaie shall ha rrceivcd al par IN patti
payment lor any other lot purchased By The haldes
thereof nun the Company after tho allotment
herein provided for ani until May 1, issa
Tbs Company further proposes that the parsicn.
lar lot OF los N he .ssn b. the several parties ~
s.ccilyey subscribing therefor. shall bo deter
surveyed. laid out and plated creep, each third
lot which Il hereby rrserrcd b. the Company.
shall be written or printed upon cards and placei
In box or other receptacle. a committee OF sub
srrbcr shali be appointed whose duty u viii b TO
all all the names Of the subscriber and the num-
Der Of lots By each subscribed. and shall cause 10
be drawn OF tho caris above mentioned one carl
for cash and every lot subscribed and the number
ar numbers 70 drawn shall he iaheu and consid'
crcd ~ tho number OF lot OF lots purchased or con
traotsd Cor BY him. her OF them respectively; said
division b take place not later than May /. 1874.
The stock Of Industrial or manufacturing compa'
nlos 10 which each purchaser Of lot or lots h en-
titled, shall b. distributed IN the ame manner AZ
the lots Of the Company, at some period within twv
year, fron May !. 1855 or Immediately upon com
plctlon Of al industries bnllt with The 80 per cent
10 reserved as above st forth.
The Company proposes 10 scil each lot Tor tho
sum Of sioo oi which s. shall be paid In cash:
s.S on tho 18th day Of April 1854 and 80 on tho
Ia, day Of November. ~. with Interest from May
!. ISIS The deferred payments 10 10 made "a he
Alabama National baEk. birmingham. Ala
But II Il stipulated by aid Company that the
failure o. any subscriber 10 meet any payment con.
lractei 10 be made by hlm Al The tine stipulated.
shall forfeit 10 the Company any and all paymesz
previously made by such subscriber aud any and
all right 70 any stock or lot
Thcs lots are taken impartiaily nom al The
property Of tho Company aud include many near
tho business center Of tho town which are now
worth from slio 10 SO carh.
There & rason 10 believe that without the rpc.
ciai saorr 10 he made 10 develop the advantages oi
N loostlon The srovth Of tho town would soon
double theae values
with the favorable influence Of two railroads
rboth large stockholders iu the company 70 assist