Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-11-03
PETER TO PAY PAUL
West Michigan Far VIII Get
Out OF Debt
BY BORROWING MORE MONEY
Eoschai<isr. sfeet and Adsi>e the
Beard of Dtrecsor---soase facss
Aboaf ths fizIa

Nsarly . score q the leading bond-
kolisrs 4 ths West Michigan far asso-
cation net IA Sweets hotel yesterday
afssrnood % devise souas method a 81
tsirat.Bg ne society from its psssent IN
dsttssines< h vas accomplished b.
tie foliosisg resolution offered b.
0sorgs ". Tkayer;
nesoisad. Ihat sc Feconmend. arsf. that
fhs olfcers II me soeiety shall call uleet-
~ u diIec1oFs % transact business for TIE
sne.sty. Thea thm nesting rseumnseats
fhst he socieiy iszlte notes enoagh - rat<s
boies - bar intaEesf a. = Ter ceai per an
An-a. one hah Eayahis ostober ! issi. and
ths ofksf ha1 paEaeis OciooeF !, ls'.s.
pEoEiding there = net enoagb money IA tha
trsas1rl = ~ ths sntire inesh<edness Dc
sober I. ls<A
The res0iuiiOa VAS aaaainously
adopted.
Thomas ID. Gilbert presided a the
nesting and George W. Thompson acted
a. secretary. About 5000 % the entire
$4,000 u stock was represented
Qae-sion OF fitl..
Some usS ani interesting rcyelstions
concerniag the deed % the groundswers
male. After Maxtin l. sweet had stated
that $1,000 had been expended on the
Improvement u the grounds. and that
the deed had been accepted by the board
Vith vote q thanks. the matter OF the
associations :itie was brought up.
Judge j. g. Ramsliell q Traverse City
and other members "a the society have
stated IN perfect good faith that they
did not believe the society had clear
title. The deed given 10y Mr.. Comstock
Was produced a. the meeting. IL pro
vi,ies that the grounds shall be used
fer fair. race track. exposition. park. re-
hgiCus. political and similar purposes.
and that IN case the society does rot U.S.
then for thee similar purposes the
grounds shall revert 70 the city 81 Grand
Rapids. % be used a. a public park; but
under no consideration shall the prop
erty ever be cut up into lots. used for
reformatory or penal purposes or 40
cite FOR pest house or similar irstitu-
ton
Yearly Fair Unnecessary.
This also refutes the statement that
IL - necessary 90 hold a fair every year
Ia order for the society TO retain lie title
% the grounds. III nothing but q
camp meeting was held. and the other
conditions we're complied with. the
grounds would belong 20 the society
just the same said Mr.. Comstock.
Whrn the question Of ownership II
bords was brought up. T. v. Cheney.
psesnient Of the board Of directors.
stated that 70 the best Of his belief not
more than 1890 % the bonds - owned
outside 81 Kent county.
Tho present management Of the fair
Vas called up. and Mr.. Thayer made q
coDpar.son OF the new and old associa-
tons The present Indebtedness Of the
FAIR IL eS. 100 ia premiums and tl.60O in
tersst. a total OF 1870 Dir. Thayer
sad that for the first i've years the old
society was IN existence IL cleared elO.-
to-. bendcs expanding from $500 10 elo0
yearly in making repairs The meeting
cioeed with the adoption q MIR. Ihayer's
resolution
Among the boad holders present were
the following. G. &. Comsfock. Martin
I. Sweet. Judge Buriingame. s. 5.
bailey. George ". 1hayer. " I. Avery.
g. u. Plumb. Mr. Romsey. Oliver
Waters. T. u Gilbert. Mr. O.kcbacs. A.
= Cit. Robert Briggs. ". y. Rowe. A.
J. Tucker. Nc Woodruff. T. v. Cheney.
George ". Thompson.