Los Angeles herald., 1908-06-06

heirlooms, which are to be specific
aliy described in a list to be handed to
Mr.. Earl, at the price of $4,000.
Second--That upon the purchase OF
said property the rector and his wife
shall execute to this corporation an
absolute bill of sale of all said prop
erty, with q descriptive inventory at
tached thereto.
Third--That the money to be paid for
such furniture be placed by this cor
poration and by the rector and his
wife In the hands Of committee to
be composed of q. T. Earl, w. ID.
Woolwine and c. A. Rockwell, which
said committee shall use said funds for
the purpose Of paying off chattel mort
cages upon such furniture and such
other pressing demands as may be paid
will. the surplus of said fund after
the payment of said chattel mortgages
upon the financial obligations of the
rector: the committee using its dis
cretion as to the payment of obliga-
tions and applying the whole of said
fund for said purpose.
Borrow to Lift Mortgage
Be It further resolved, That this
corporation will borrow, and for that
purpose the vice president and secre-
tary are authorized to execute In the
name and under the seal of this cor
poration, the note of this corporation
for the sum of $4,000, paying rate of
interest not exceeding per cent per
annum, and upon such time and other
terms as the said vice president and
secretary may agree upon with the
lender
Second-That the salary of the rector
for the current calendar year 1908 be
| kx IN.
crease of $1,000 to be in force for and
during the year 1908 only.
Third-That the portion of the said
$1,000 salary for the months of January,
February and March be paid to the
committee above referred to In the
manner and for the purposes herein
after provided, on the 1st day of April,
or as soon thereafter as available FUNDS
are In the hands of the treasurer.
1t was further resolved as follows:
Whereas. the rector is involved in in
debtedness and has furnished to this
vestry or to members thereof list of
his obligations;
And, whereas, he desires to place a
portion of his salary in the hands OF
the said committee, with the power to
dispose of the same in the manner
hereinafter set forth;
And, whereas, the rector has pro-
posed to accept 5000 per month of his
salary for living. expenses and to limit
the living expenses of himself and fam
lily, of every kind and nature, to the
sum of 5000 per month, and that he
will not under any circumstances in
cur any indebtedness in excess of such
sum each month, and to pay over the
balance of his salary to said COM
mittee;
Hold Portion of Salary
Now, therefore, be 1t resolved, That
the treasurer O, this corporation be
and he is hereby authorized to pay to
the rector of this church monthly dur
ing the year 1908, beginning with the
month of April, 1908, the sum of 5000
on account of his salary, and that the
remainder Of his salary and any and
all sums that may be contributed
towards his salary, If any there be,
during each month be paid to the said
committee, which said committee is
to be empowered and directed by the
rector, under an assignment from him
to the said committee, to pay out the
said money upon interest upon his OBJ
legations, and the remainder of said
money to be applied on the principal
of such indebtedness as said commit
tee in it's judgment may from month
to month deem best.
| That a copy of this resolution be fur
nished to the rector and that upon his
acceptance and approval of the plar
| proposed the vice president and secre.
| tary are authorized to procure the loar
| hereinbefore provided for