1835_MHS-Agreement2_1831_015_039_2

made as fast as it is practicable by the corporation created by the
said Act at a price not less than the sum of Sixty Dollars for
every Lot containing three hundred square feet, and so in propor-
tion of any greater or less quantity, unless the said Horticultural So-
ciety and the corporation created by the said Act shall mutually agree
first sales of such Lots, after deducting the annual Expenses of the
Cemetery Establishment, shall be applied to the extinguishment of the
present Debts due by the said Horticultural Society on account of
the said Garden and Cemetery, and after the extinguishment of the
said Debts, the balance of the said Proceeds, and the Proceeds of
all future Sales, shall annually on the first Monday in every
year be divided between the said Horticultural Society and
the corporation created by the said Act in manner follow-
ing namely, fourteen hundred Dollars shall be first deducted
from the gross proceeds of the sales of Lots during the preced-
ing year, for the purpose of defraying the Superintendent's Sala-
ry and other incidental Expenses of the Cemetery Establishment, &
the residue of the said gross Proceeds shall be divided between the
said Horticultural Society and the corporation created by the said
Act as follows, namely one fourth part hereof shall be received
by and paid over to the said Horticultural Society on the first
Monday of January of every year, and the remaining three fourth
parts shall be retained and held by the corporation created by the
said Act forever to their own use. And if the Sales of any
year shall be less than fourteen hundred Dollars, then the Defi
ciency shall be a charge on the Sales of the succeeding year or
years. Fourthly, that the Money so received by the said Horticultural Society shall be forever devoted and applied by the
said Society to the purposes of an experimental Garden, and to
promote the Art and Science of Horticulture, and for no other
purpose; and the Money so retained by the corporation crea-
ted by this Act shall be forever devoted and applied to the
preservation, improvement, embellishment and enlargement of
the said Cemetery and Garden and the incidental Expenses there-
of, and for no other purpose whatsoever. - Fifthly, that a com-
mittee of the said Horticultural Society duly appointed for this
purpose, shall on the first Monday of January of every year
have a right to inspect and examine the Books and Accounts
of the Treasurer, or other offices acting as Treasurer of the Cor-
poration created by this Act, as far as may be necessary to