Jasper County Democrat, Volume 13, Number 76, Rensselaer, Jasper County, 7 January 1911 — COMMERCIAL CLUB ELECTS [ARTICLE]

COMMERCIAL CLUB ELECTS

Directors and Officers for the Ensuing Year. CLUB HAS $3400 IN CASH Its 78 Acres of Land All Pad for, Including the 40 Acres Unplatted. —Future of Club Discussed at Stockholders Meeting Wednesday Night. At the annual meeting of the stockholders of the Rensselaer Commercial Club Wednesday night the following directors were chosen; D. M. WORLAND, DELOS THOMPSON, HIRAM DAY, C. C. WARNER, A. H. HOPKINS, C. G. SPITLER, FRANK FOLTZ, B. F. FENDIG, WALTERS PORTER. The newly elected directors emt Thursday and elected the following officers: D. M. WORLAND, President. C. G. SPITLER, Secretary. . DELOS THOMPSON, Treasurer. At the stockholders’ meeting the future of t-he club was discussed to some extent and what to do about the unpaid amounts Hue on lots sold was talked over. The club hasits 70 acres of ground all paid for and there is 40 acres unplatted that is probably worth $l5O per acre. It alfeo has about $3,400 in cash on hand. Quite a number of the lot purchasers have paid the full S2OO per lot, but there are others who quit paying at different stages from $35 up. It was proposed to cut the price of the lots n two to the purcashers, refunding to those who had paid over SIOO the amount in excess thereof and allowing the -others to secure title on paying up to SIOO. • A vote was taken on this proposition and the plan met with almost unanimous favor. Of course if this is done a later meeting will be called for the purpose of takng definite action, but the proposed plan seems an equitable one all around, and will probably be adopted.