Clipping:The Boston Club buys its grounds
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Date | Wednesday, February 11, 1885 |
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Text | Our [Boston] League club's association now owns the South End grounds. In accordance with a vote passed at its last meeting, the purchase has been made. The sum paid for the property was $100,000. of this amount $25,000 were paid in cash, and for the remaining $65,000 a mortgage was given on the grounds, the interest to be five per cent. Although these are the terms of the sale as they will stand, since they were made by the three directors of the Association, who own 60 of the 70 odd shares, the transaction will not be legal unless ratified at a meeting of the stockholders, and consequently such a meeting has been called for next Tuesday. |
Source | Sporting Life |
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Submitted by | Richard Hershberger |
Origin | Initial Hershberger Clippings |
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