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

tract may designate either Of the banks
heretofore named or any bank in Cassia
County, Idaho, as the bank IN which
said money so paid by him shall be de-
posted and said bank shall retain said
money until the day of the said draw
ing, on September 10, 1909, and if said
drawing takes place then said money
Burley Townsite Company and if said
drawing docs not so take place said
money without cost or charge shall be
paid over to said person so entering into
said contract. The second payment
shall be made to the secretary Of the
Townslte company in cash or by postal
or express order or by certified or cash
Ter s checks on or before September IA.
1909, and any person defaulting in said
second payment or failing to make the
same on or before said 14tb day Of Sep
tember, 1909, shall forfeit the first pay
ment made and said contract shall be
cancelled and the Townsite company
shall draw the number of said contract
in q similar manner as it will draw for
the msold contracts hercinbefore pro-
vlded for and said Towusitc company
shall he the owner of any lot or other
prize so drawn,
1t is understood by the Townsite
company that all contracts are assign
able if such assignment is made thereon
or attached thereto in writing.
Agents will be appointed from time
to time by the Townsite company to sell
contracts, but all of the contracts so
sold shall be signed by the secretary Of
the Townsite company, and under its
seal. The agents will not be permitted
TO receive the first payment herein pro-
vided, but said payment must be made
TO one of the designated banks.
Disposition of Proceeds.
The moneys received from the sale of
contracts if such drawing is had shall
be paid over after said drawing to the
president or treasurer Of the Burley
Townsite Company, Limited, and out Of
said moneys there shall be placed $10,-
600 IN each Of the following banks, to-
wit: The Bank of Commerce at Burley,
the State Bank of Burlcy, the Oakley
the First National Bank of Twin Falls
and shall be retained IN said banks as
the property Of the Town of Burley,
and upon the incorporation of said town
shall be turned over TO the proper town
authorities for the following uses and
purposes. to-wjt: For sewer purposes.
$4,000; for construction of n bridge
across Snake River at the point where
Overland avenue, if extended. would
lpUcH salu Tl|tI, HlU,Uuui nor SUTePt pUr-
poses. 100000; for town buildings, $10.-
600; for purposes OF water supply,
SO ,000 to be expended for said purpo-
ses only under the direction of the town
authorities Of said town of Burley after
said town is incorporated under the laws
Of Idaho; but if sncb Incorporation is
not made prior to January /. 1911, said
amounts shall be Withdrawn by the
Townsite company and become its prop
ertv,
Future Sale of Lots.
There will be no town lots sold after
this 10Th day Of June, 1909. by the
ing, September 10Th. 1909. The COM
tracts heretofore made by the company
in regard TO the sale of lots will be
carried out as in said contracts pro-
vided. but no additional contracts viii
be made within the time above stated
The property herein specified as sub.
iect to said drawing comprises all of
the real property of the Townsitc com
pauy except that heretofore contracted
for aud the lot upon which the com
pany'S office is situated, We will
guarantee the title Of all the property
disposed of and will make warranty
deeds to the parties entitled thereto I'M
med lately after the drawing.
The Undersigned, constituting the
board oil directors OF thc 5nrlcN Town.
site Co., Ltd, pledge themselves, both
as officers of said corporation and as
individuals. 10 carry out to the best
of their ability the plan herein outlined
in such manner as VIII honestly and
fairly keep every promise herein made
and do equal and exact justice to all
concerned.
WM. r. JACK.
JAMES II, HAWLEY,
JOSIAH +. MILLER,
]. .. PERRINF,
$, u. BURTON.
Directors