The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-04-19
NO OPTION is GIVEN
TEN BROCK DIRECTORS CANNOT
SEE 1T THAT WAY.
THEY MADE A NEW OFFER
LOCATION OF FAIR GROUNDS BACK
WITH SITE COMMITTEE.

meeting of Directors of the Ten
Brock Property Held Yesterday
Offer of the Fair Association Di-
rectOrs Was Not Accepted-StOck-
holders of Ten Brock Property
Would Not Care to Tie Up Their
stock for Five Years-An Option
Would Mean Their Doing so-spe-
ciaI Meeting of Council May Con-
slider the Requested Right-Of-Way
to Reach Dale Avenue Tract.
The directors of the Agricultural and
Mechanical Association of Georgia, which
owns the Ten Brock property will not
give an option to the Savannah Fair AS
ISOLATION. A meeting of the directors was
held yesterday, following that of the di-
rectors of the Fair Association the day
before, when resolutions were adopted,
making the directors of the Ten Brock
tract an offer, in which was embodied a
request for an option to purchase.
After the meeting of the Ten Brock
directors the following letter was adj
dressed by Col. Estill, secretary of the
board, to Mr.. ]. w. jackson, chairman
of the Site Committee of the fair direc-
tors:
AT a meeting of the Agricultural and
Mechanical Association, held to-day, the
resolutions adopted at a meeting of the
Savannah, Fair Association, held yester-
day, were read, and on motion it was
resolved to lease to the Savannah Fair
Association the Ten Brock tract for
three years from Aug. l, 1901, and in con-
sideration of said lease, the Savannah
Fair Association will fence the entire
body of land, put the race course in suit
able condition for the racing of horses
and erect a grandstand and such other
improvements as pertain to and are neces-
sary for race track, at the expiration
of the three-years' lease the Savannah
Fair Association to have the option of
extending the same for two years. at q
rental of $500 per annum. The directors
of the Agricultural and Mechanical AS
ISOLATION will recommend to it's stock
holders the sale of the property during
the continuance of che lease for the sum
of 10000, should the Savannah Fair As
siciation desire to purchase. On the fail
ure of the Savannah Fair Association to
purchase during the lease, or any sur
render by it of the property, or termina-
ton of the lease, the Savannah Fair AS
ISOLATION shall have the privilege of dis
| posing of all improvements made by it.
| saving and excepting those improvements
pertaining to and necessary for a race
| track as specified in the consideration OF
| the three-year lease.
1.-The Savannah Fair Association to keeE
the improvements in repair and insured
| against loss by fire, and storm, if posi-
| BILE; all moneys arising from insurance tC
| be used to rebuild and repair damaged
or burned improvements"
No option will be given. The recon-
mendation of the directors of the Ter
Brock property would not and could not
| for legal reasons, be followed by the
stockholders The stock of the Agricul.
tural and Mechanical Association, one Of
the associations directors said, would be-
| of no commercial value with an option
hanging over the property, and the stock
holders would not care to tie it up for
peroid of five years. The director stated
most emphatically that no option woulC
| be given. He considered the offer made
the Fair Association as very liberal anC
| that the interests of the Fair demand the
acceptance of the offer.
A decided sentiment for an option ex
| lists among the Fair directors, though
| two of them declared yesterday after
noon that they could not see why on
was desired. They think there is no like
| lihood that the Fair Association will b.
in position to pay out a large amour
| Tor the purchase OF the property II ma.
improve.
The turn matters have taken is con
strued by Mr.. Jackson as a reversion .
the question of a site to his committee
| He will have a conference with the othel
| members to decide what shall be done
whether accept the new offer of the Tel
| Brock tract or that of the Dale avenue
tract by the Merchants and Mechanics
Land Company. The impression was gen
eral after the meeting of the Fair di
rectors that an option would be grantee
| by the Ten Brock directors, but tn
event did not prove the Impression cor
rect.
If the site Committee decides upon the
Dale avenue tract, it is probable that
request for a special meeting of Council
to consider the petition of the committed
| for right-of-way for the Plant System
along East Broad street and Thirty-nintl
| street for a spur track to the ground.
| will be made. The petition was referred
to the Committee on Streets and Lanes
at the meeting of Council night befor,
last. Alderman Watson, chairman of tina
| committee, said last night that, though
he had not investigated the matter yet
he could see no reason why the petition
should not be granted, as the desired
| right-of-way is to be given only temper
arily, and there are but few resident!
aicng the streets for the trains to inter
fere with or in any way annoy.
| e
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