The Punta Gorda herald., 1920-03-25
PLANS FOR COUNTRY
CLUB BEGINNING TO
TAKE DEFINITE FORM
Impetus Added to Movement by
Special Meeting of Commercial
Club Tuesday Night.
TO Be FINANCED BY SALE
OF STOCK IN $40 SHARES
Everyone VIII be Given Opportunity
to Subscribe to Stock.

special meeting of the CONNER,
cial Club was held Tuesday night to
hear a report from the committee ap-
pointed to handle the preliminary
steps looking to the organization of a
stocK company to finance the pro-
posed golf course and country club.
and the result of the meeting. while
developing nothing definite, was to
add impetus to the movement to
secure the course and club.
Mr.. Carrier, chairman of the com
mittee, reported that there were sew
eral tracts of land that were ideally
adapted to the purpose, but the COM
mittee had not had sufficient time to
ascertain what price would be asked
for these tracts. A map was display
ed and three tracts that the commit
tee thought were suited to the pur-
pose were pointed out. One of these
lies along the river, another in the
same direction but still further re-
moved, and the third a short distance
in southeasterly direction from
town. All three locations are thought
to have features to recommend them.
but the general opinion seemed to be
that the tract first mentioned is the
ideal one if some slight objections
can be overcome. This tract is well
drained by two large tide creeks and
1t was pointed out that either of these
might be dredged to depth to allow
boats to be brought up them for a
distance; the two hard
roads and the railroad run through
the tract and offer advantages for
the course and town, and
here it might be possible to secure a
waterfront location for the club
house. Nothing was decided as to
the location and nothing will be de- |
cided until the committee has an op-
to go into every detail and |
decide which location is the best
from the standpoint of price, conven-
ience, adaptability and investment,
for it is planned to make stock in
the financing corporation a safe in
Vestment to the subscribers.
The original committee of five was
continued to work out further de-
ails and to solicit subscriptions to
stock. 1t is likely that the shares
will be of $40 denomination, thus ,
living everyone who feels SO dispos-
ID an opportunity to become stock ,
loIders. The corporation will be +
apitalized at $4,000 and it will be ,
Necessary to secure subscriptions to
t least $4,000 of the stock before G
york is started on the course, as it
yill t2ke at least this amount to buy y
he land, prepare the course and Il
uild a clubhouse The remainder {
f the stock will be neld in reserve q
nd sold later if necessary. As f.
Don as sufficient amount of stock n
sold a meeting of the subscribers f.
ill be called to organize and elect
fIicer3 to proceed witl the incorpor- II
ton. +,
There seems to be not the slightest +,
oubt in any quarter that the course
I'D club are assured things, every n
ne seeming to feel that a golf course st
an actual necessity and must be o,
ad without further delay. Noticing n
le movement for a golf course, The f,
lorida Times-Union makes the fol- n
wing editorial comment: \
The move being made by Punta q
orda folks is excellent and they will o
nd that golf links pay in more than n.
lie way. This is only one of th,
rward steps being taken in Punta
orda which is promising to be heard
ON as tourist town very soon" K