The Republican journal. [volume] (Belfast, Me.) 1829-current, 1919-10-16
..,,.t Agreement and Trustees
FOR THE
New school Building Fund.

ust instrument, dated this thir-
" of October, nineteen hundred
cen.
ETH;
a, Miss Anne C. Crosby of Bel
ounty of Waldo and State of
as promised upon certain condi-
lav unto the Trustees herein
ned the sum of ten thousand
000), to be used by said Trus-
Iae purpose Of obtaining a site
ructing schoolhouse in said
Nj. IN the event the site shall be
bv the City of Belfast, for the
constructing a school building
5s0fast, as soon as all other per-
nave contributed the sum of
nj Dollars $4,000.
Promised to pay over to said
for said purpose a second ten
1ollars 100000 as soon as all
sons shall have contributed
g thousand dollars (S10, ,000.)
promised to pay over to said !
aI said purpose third ten thou
Is $40, ,000 as soon as all other
.sN have contributed a third ten
oIlars (S10,000)
promised to pay over to said
r said purpose a fourth ten
iollars (SI0,000) as soon as all
.ans shall nave contribu ed a
thousand dollars $50, 0OOD
{. however, that in the event
ontnbutions of all other per-
.sly pail within one year from
Hereof shall amount to less
, thousand dollars $40, 000), the
MS of all persons, including
Mss Crosby, shall be returned
u proportion to the amounts
ID in the event that the trus-
ave invested any of said funds
~ cannot return the money
sh of the contributors, they
use of said investments for cash
.er to each contributor his pro-
hare of the money.
refore, we, Anne c. Crosby,
aeI, R. F. Dunton, j. c. Dur
Frost, j. H. Howes, E. A.
Ss.wyn Thompson, and c. w.
i of Belfast, in the County of
State of Maine, hereby declare
hold all funds and property
to us under the terms of this
. n trust for the purposes here
nv Trustee in the Judgment OF
trustees become lncapacltated
-formance of the duties Of his
7emaining Trustees may by
ote declare that such inca
rustee shall no longer hold
The office of said trustee may
vacant,
-nt that any of the Trustees
sign or for any reason cease
5lfce of Trustee, his successor
osen and appointed by the re-
gstees.
he the duty of the Trustees
10 time to invest such funds
their poss ssion in bonds of
Government. All moneys re-
G Trustees shall be deposited
k or Banks in the names or
and shall be withdrawn only
-ned by at least majority OF
-.5 All bonds or other property
The Trustees shall be kept IN
sit box, to which access shall
in the presence of a majority
IS aes.
money and property in the
the Trustees shall either by
Of value of said bonds, or
at of income thereon, amount
aue of one hundred thousand
u 0OO), or when the original
Of eighty thousand dollars
.ail have been increased in any
-1 as to amount 70 the full sum
I'd thousand dollars $500, 00O>,
The duty of said Trustees to
Investments into cash and to
for the purpose of acquiring
ecting a school building; or,
u. that the city Of Belfast shall
satisfactory to the Trustees,
money for the erection OF a
lag in and for the benefit of
5elfast which shall be known
nam G. crosby School. "
Mt that, for a period of two
fer the Trustees shall have In
--s.on the full sum of one hun
sand dollars (S100, 1000 they
. to agree with the city govern
The time being, either upon a
the kind of a building which
aaceptable to the city, all con-
shall be returned to the donors
accumulations thereon in the
e originally contributed by
TESS whereof, we, the said Anne
R L. Cooper, R. F. Dunton, J.
su. O. E. Frost. J. H Howes, E.
aa, Selwyn Thompson, and G.
.-,, have hereunto set our bands
lie day and date above written.
ANNE CROSBY
R. l.. COOPER
R. F. DUNTON
j. G. DURHAM
O. E. FROST
j. H. HOWES
E. A. SHERMAN
SELWYN THOMPSON
c. W. WESCOTT.