The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-06-18


paying proposition. Like the Hotel Bur-
ley and all other property of the Town.
site company, 1T is entirely free and
clear of debts or cncumbrances of any
kind
The townsite company also owns lots
Is and II in block 167, upon which a
dwelling house is erected. We value the
hotel at $4,000, the Bulletin printing
plant at $4,000 and the dwelling house
and lots at $500 and believe these
values are rather under than over the
true value.
Proposed Plan Of Disposition.
The Townste company believe it viii
subservc the best interests of the entire
community as we'll as of the company
to close out IT'S entire holding, although
by doing so Il much less amount will be
realized than the appraised valuation
calls for. The company still owns 1884
lots, the remainder of the original mum
Der Of lots having been sold or being uD-
der contract for sale. The average APP
praised value of these lots is about 1915
and large number Of them arc valued
at from 100000 10 $2000.00, at which
rates adjacent lots have already been
sold. The company proposes TO enter
into contracts for the sale of these lots
at $4,000 each. $4,000 of which will
be paid in cash when the contract is
made aud the remaining $4,000 to be
paid on or before the day preceding the
day Of the drawing hereafter mentioned,
On September -, 1909. drawing will
be had at Burley. provided by that time
1900 or more contracts have been en-
tered into. This drawing will be under
control of a committee of five appointed
one each by the president or board Of
directors Of the Boise City National
Bowl Etrct nDul 1(1nlE pf III n bn
of Boise. idaho. the Deseret National
Bank and Mccormick & Co. of Salt
Lake, Utah, and the First National
Bank of Twin Falls, Idaho. None of
the committee in charge Will in anywlse
he interested in the drawing and the
Townsite company viii not have any
control in any way thereof. Should
there not be majority of said com
mittec present when the drawing is had
enough persons shall be selected by
holders of contracts present at the
drawing to make up the full number OF
said committee AT this drawing the
several contracts entered into and the
remaining chances taken by. the Town
site company, as hereinafter provided
for. shall be numbered cOnSecutively
and slips containing sand numbers
placed in a wheel, box or such other re-
ceptacles as the committee In charge
NAV devise. dHu llt VI hH' ipt
and block of the different lots will like
wise be put on slips and placed in an.
other similar receptacle. There Will
also be placed in the latter receptacle
a slip containing the words, - The do
| tel Bprley.' another slip containing the
words. "The Bulletin and anothel
slip containing the words, So The Dwell
| ING House. and the number OF slips
containing the several lots and the hotel
Ip..ll -, mn nd
| dwelling house shall equal in number
tine contracts and the chances drawn by
| thc Townsite company, and being 233i IN
number. The drawing will proceed uu-
der the direction Of the committee in
charge by having some person provided
by said committee for the purpose and
selected at the time of the drawing
! taking slip. without being able to
distinguish the number thereof, from
the first receptacle mentioned and nj
the same time another person, selected
! in like manner. shall draw n slim from
the second reccptac)c mentioned, and
the person holding tho contract repre-
scnicd by such number drawn from said
first receptacle shall become the Owner
of The lot hotel. Bulletin newspaper
plaut or dwelling house drawn contcm
poraneousIy from sud second receptacle
Should the number OF the contracts
entered into he 1900 or over and less
than the entire number of chances, TO
wit 1887. then and in such event the
said Townste company shall take the
remaining chances and draw the same
and be entitled to the lots or other prop
crty drawn thereby. in the same manner
AS individual contract holders,
When Payments Are to Be Made,
Every person entering into contract
shall sign said contract in duplicate
aud each thereof shall be signed by the
secretary Of the Townsite company and
scaled with it's seal, such person taking
one of said duplicate contracts and The
other hciug retained by said company
The person SO entering into saId con