The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

toe 1 wtftaead bvel spt stb ims thk oeokqgloww hfttl to membership for north halton golf and country club mr john a willouchby has sold his beautiful nine hole golf course dar brae on the outskirts of georgetown to kenneth m langdon provincial magistrate who has organized a group to operate it as a private nonprofit x club for the enjoyment of those in north halton area who wish to become members and who will be the owners of the property as soon as the mort gage and commitments have been paid purchase price the property consisting of 127 acres has been purch ased complete as now operated with all equipment and furniture for the sum of 1 2500000 i his amount is payable 25000 00 with the offer 50000 00 when possession of the property is taken over on the 1 st of april 1954 and the balance of 50000 00 to be sec ured by a mortgage repayable 10000 00 yearly for five years and bearing interest at the rate of 4 per cent mr j a willoughby has reserved two acres near dr c h best s property on which he contemplates the erection of a summer home capital structure the club is to be entirely financed by the members through the issuance of 225 500 4 per cent preference non voting shares redeemable at the discretion of the directors in whole or in part within ten years and 1 000 no par common shares of which 400 are to be issued to subscribers one to each single player and two to a married couple these common shares will be voting shares the remaining 600 shares will be retained in the treas ury and may be made use of at the discretion of the board in the event of an increase in membership or the inclusion of social members directors for the purpose of organization the first years slate of officers is applying for charter and consists of a president a vice president a secretarytreasurer and twelve directors three from acton three from milton and six from georgetown and esquesmg after the first year these will be elected annually by the members holding common stock kenneth m langdon georgetown provincial magistrate president james linton georgetown businessman vice president ernest h batkin esquesmg twp retired businessman secretary treasurer victor b rumley actori funeral director charles kirkness actont mason knitting co wesley beatt1e acton beardmore leather donald r mclaugrrlin eaquemng twp farmer john w bell georgetown smith stone limited ross duncan georgetown provincial paper ltd jgraham farnell georgetown merchant fred w chapman georgetown bank manager dr c a martin milton muling co milton r h ptolemy p l robertson co milton cecil dosie canadian bank of commerce milton s membership the membership is to be restricted to 400 members approved unanimously bv the board of directors and tentative arrangements are that membership will be limited to 50 single and 175 family members prefer ence will be given to applications from residents of the north halton area in the event that the membership is not fully subscribed by the 15th october 1953 the area for subscriptions will be extended to south hal ton and other localities fees and subscription each application is to be accompanied with a cheque for the subscription fee of 500 the one fee to cover husband and wife and dependent children the annual playing fee has been fixed to cover the an nual operating expenses and to retire the entire capital investment with interest in ten years as follows husband and wife 1 50 00 single membership 100 00 each dependent child 10 00 payable in full or by instalment by 1st april 1954 social applications for non playing members will be considered after the club is in actual operation and the accommodation has been determined purpose of club 1 to put at the disposal of members the golfing facilities that have been unavailable in the area for the past ten years 2 to develop swimming skiing skating and riding for as many as the property will accommodate 3 to equip and operate for the enjoyment of the members suitable dining room facilities 4 to increase the shower and locker room facilities to accommo date the members 5 to develop social activities in the form of bridge dancing anct competitions to foster the best interests of all the members 6 to stress in all ways the recreational facilities of the family mem bers and in particular the juniors- 7 to insure playing privileges to senior members by regulating hours of play