University of Louisville - Thoroughbred Yearbook (Louisville, KY)

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Whereas, Sundry Inhabitants of the County of Kentucky have at great expense and hazard settled themselves upon certain lands at the falls of the Ohio said to be the property of John Connolly and have laid off a considerable part thereof into half-lots for a town, and having settled thereon have preferred petitions to this general assembly to establish the said town . . . Be it therefore enacted that one thousand acres of land being the forfeited property of the said John Connolly adjoining to the lands of John Campbell and Taylor be and the same is hereby vested in John Todd, Jr., Stephen Trigg, George Slaughter, John Floyd, William Pope, George Meriwether, Andrew Hines, James Sullivan, and Marsham Brashears Gent Trustees to be by them or any four of them laid off into lots of a half-acre each, with convenient streets and public lots, which shall be the same is hereby established a town by the name of Louisville. And be it further enacted, that after the said lands shall be laid off into lots and streets, the said trustees or any four of them shall procede to sell the said lots, or so many as they shall judge expedient, at public auction for the best price that can be had the time and place of sale being previously advertised two months, at the court house of the adjacent counties, the purchasers respectively to hold their said lots subject to the condition of building on each a dwelling house 16 feet by 20 at least with a brick or stone chimney to be finished within two years from day of sale. And the said trustees or any four of them shall and they are hereby empowered to convey the said lots to the purchasers thereof in fee simple, subject to the conditions aforesaid, or payment of the money arising from such sale to the said trustees for the uses hereafter mentioned, that is to say: if the money arising from such sale shall amount to thirty dollars per acre, the whole shall be paid by said trustees into the treasury of this Commonwealth, and the overplus if any, shall be lodged with the Court of the County of Jefferson to enable them to defray the expenses of erecting the public buildings of the said county. Provided that the owners of lots already drawn shall be entitled to the preference therein upon paying to the said trustees the sum of thirty dollars for such half-acre lot and shall be thereafter subject to the same obligations of seeing as the other holders within the said town, of them shall have power from time to time to settle and deter- mine all disputes concerning the bounds of the said lots and to settle such Rules and Orders for the regular building thereon as to them shall seem best and most convenient. And in case of death or removal from the County of any of the said trustees the remaining trustees shall supply such vacancies by electing of others from time to time, who shall be vested with the same powers as those already mentioned. And by it farther enacted, that the purchasers of the lots in said town, so soon as they shall have saved the same according to their respective deeds of con- veyance shall have and enjoy all Rights and Priviledges and Im- munities which the freeholders and Inhabitants of other towns in this state not incorporated by charter havehold and enjoy. And be it farther enacted that if the purchaser of any lot shall fail to build thereon within the time before limited the said trustees or a major part of them may thereupon enter into such lot and may either sell the same again and apply the money towards repair- ing the streets or in any other way for the benefit of the said town or appropriate such lot to public uses for the benefit of the In- habitants of the said town. Provided that nothing herein contained shall extend to affect or injure the title of lands claimed by John Campbell Gentleman or those persons whose lots have been laid off on his lands but that their titles be and remain suspended until the said John Campbell shall be relieved from his captivity, a true copy May 1780 Th. Jefferson