Evening Republican, Volume 15, Number 266, Rensselaer, Jasper County, 10 November 1911 — HOME BUILDLNG COMPANY IS INCORPORATBD HERE. [ARTICLE]

HOME BUILDLNG COMPANY IS INCORPORATBD HERE.

This company is the outgrowth Df the establishment of the match factory It was the intention of the match | factory people jo form a similar com- [ rany here for the sale of lots and im provement of the match factory addition, but it was fohnd that their charter would not permit them to enter Into other business and some other method had te be devised to carry out their intentions. 1 By the terms of their contract with the 'Commercial Club, besides the cash bonus, the factory people were to get all the unsold land in the factory addition, deeds to be delivered by the Commercial Club to the purchasers as fast as the factory people disposed of them. Finding they could not enter Into the real estate business they in-, terested the incorporators of the new company and sold them the land and a deed was made to the Home Building Co., by the Commercial Club for nearly all the unsold land, a portion being reserved by the factory people for additional factory purposes.

It Is the purpose of the Rensselaer Home Building Co., to plat the portion of the factory addition not now platted and boom the sale of lots and to help in the erection of dwellings by - furnishing money for building to factory employees and others. This willb e done on the building and,, loan plan, the company erecting the residences and loaning the purchaser 75 per cent of the value of the property, allowing him to pay for the property in monthly installments. It is expected that there ? will be some busy times out in /the factory addition next spring, when the company begins the erectioh of twentyfive or thirty houses for use of factory employees and others.