Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1912-12-04
CITY MEETING.
MOTHER HANDSOME GIFT OF
FORMER CITIZEN.
,ruaRfAH JELLIsoS INCREASES
JeLLrsoS LIBRARY FUND TO FIJI
TEEN THOUSAND DOLLARS
OTHER BUSINESS.

.,sotine of tue city government last even
;ng The feature OF the evening was the
.,noun -ernent of another gift to the city
5000 insurance policy by Zachariah
t.,lison. OF Brooklyn, N. Y. The board
rs.sed a suitahle vote in recognition of the
gift.
The matter was presented TO the board
bv Hon. l.. A. Emery, chairman of library
hoard. who presented vote incorporat-
,nr the terms and conditions OF the gift
which was unanimously passed by the
board, as follows:
whereas Zschariah Jeiiison, now OF Brook
1xs. New York. but native of Ellsworth. has
bl,herto generously donated to the city of Ellis
worth two policies Of insurance of $500 each
npou his life, as set forth ia resolve OF the
mayor and aldermen Of the city, duly passed
Fen L. 1907 aud recorded upon page III OF the
records Of the mayor ard aldermen.
And whereas the said city accepted said
donations upon the terms aud with the
guarantees set forth In the above. named re-
solve TO which reference ia to be bad for a
tull statement Of said donations aud accept
ance and the terms thereof.
And whereas the said zaehariah Jellison
now again proposes TO donate to the city for
the same purpose and upon the same condi-
tons another insurance policy upon his life
for sye thousand dollars. being policy No.
x.yl in the Mutual Benefit Life Insurance
company Of Newark, N. j., the premiums
upon which policy are paid up TO July II, 1918,
and the future premiums upon which the said
JellisOo expects to pay as they become due.
And wheress 10 is the wish of the said Jeili- |
son the said three policies of insurance and
the proceeds thereof after his death shall
constitute fund to be known a. THE leilI-
son Memorial FUND.-. and TO be invested after
his death and allowed 10 accumulate until the
principal shall amount TO the full sum OF Gt-
teen thousand dollars and then shall be main
taiaed o. that sum, the net income when and
40 long ~ the principal shall amount 10 said
sun to be devoted exclusively to the purchase
Of books for tie Ellsworth city library in per-
peiui,y.
And whereas 4. is further the wish of the |
said Jeliison that the net income from said |
policies Of insurance received By said city |
during his life shall be devoted exclusively to 1
the same purpose.
Now, therefore, and In consideration of the |
foregoing IL IL voted and resolved by the
mayor and aldermen Of said city la behalf Of
the same a. follows. To wit:
Section /. The city of Ellsworth gratefully |
accepts said donation, and engages 10 retain |
aud hold all said policies during the life Of
the said donor, and to nay the aceruing pre- |
mipms upon them and otherwise keep them
in force should the said donor fail to do 30.
Section .. The net income derived BY the |
city from said policies during the life OF the
said Jeilison shall be expended exclusively |
for the purchase Of books for the Ellsworth |
city library. After his death the proceeds OF
all said policies shall be collected by the
city and Invested and preserved as trust
fund to be known as '+The Jellison Me-
mortal Fund" and allowed to accumulate
uhtil, wlth the Acnumaiations and ad-
disioss thereto. the fund shall amount to
the full sam of fifteen thousand dollars at
which amount the fund shall thereafter be |
maintained. should the fu nd at any time be
reduced below the sum OF hfteen thousand
dollars, then the income shall not be ex-
pended, but shall be added To the principal
until the fund IL again raised To the sum OF
fifteen thousand dollars. Provided, however,
II the said policies of insurance or any part
OF them cannot be collected by reason OF the
insolvency of the companies, or any legal de-
Tense they may have 10 the claims under, not
created by the city, the amount of the fund to
be created and maintained shall be reduced
10 such sum as can be coileeed, the city how
ever paying the necessary expenses of col
lection.
Section Q. when and so long as said funds
amount to fifteen thousand dollars or to such
amount As IL realized from said policies, then
the net income OF the fund shall be ex-
pended exclusively for books for the Els
WORTH city library In perpetuity.
In la letter TO the editor of THE AaERI- |
q IA m
tention Of making this third gift to the
city, Mr.. Jellison took occasion to con-
graduate the city upon having the vaiu-
able assistance OF Judge Emery In the up
building OF the Ellsworth library. he |
worte:
while this is not a thank offering for |
Judge Emery's return to active life and use |
talness, 1t does give me added Joy TO have /
MIN still with us and able to carry forward |
the isborS for the welfare of his fellow citi-
gems"
After the passage of the vote, the insur-
snce policy was deposited with the city |
treasurer.
Rolls of accounts were passed as fol-
lows:
BOIL OF ACCOUNTS NO. 10.
Police, Schuyler Higgins, $50
Arthur Mitchell, 800
Harold Hooper. 2ioo
Andrew NJ Moor, 70
Poor, Michael Drummey, 2s5 So |
Electric light, B II q U Power Co, 2i42 5
Library, Mrs H II Emerson, i4oo
Mary A Hodgkius, 1850
La Emery $50
Charles f Lauriat Co los 81
Irving Osgood, I'D
whitcomb, Haynes Co $50
re Holmes $50
e Z Doyle, 70
supt OF schs, Clara o Hopkins, 1888
Text book sup, 2s
CHM a Co, 2H
Milton, Bradley Co, 81
Silver, Burdett & Co, 2s4s
American Book Co, 3H