Edited sentence: 8, 1872.By 1876 a public school was held in a local log house.Lovelady was founded by investors of the Houston & Great Northern Railroad as a railway line was built through a land grant of Cyrus Lovelady, near the communities of Nevil's Prairie, Pennington, and Weldon.Lovelady was incorporated in 1927.Post Office opened on Nov.The U.The town soon had livery, stables, blacksmith shop, and hotels, prospering as both a marketplace and a shipping point