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62 WILMETTE .LIFE November .2, 1928 Northwestern university has sold 100 Have funds to loan on choice Imfeet of riparian right property on proved North Shore Suburban resMichigan avenue, Wilmette, to Harriet Idence property at 5%% Interest. H. Case for an undisclosed consideraSee us on renewals. tion. Florence Cook of the Bills RealE. C. Pauling & Co. The Wilmette Chapter of the North ty company represented all parties in Shore Real Estate board at its October 5 N. LaSalle St. Maia 0250 the deal. meeting took action on the Sunday closing problem. It was decided to send letters to all builders in Wilmette asking their co-operation on Sunday closing. Chairman Burroughs suggested that adjoining Real Estate boards be writHighland Park ten to requesting them to notify their members showing property outside of Property Values Are Now Favorable ' their own territory to conform .with the for Present Purchases, With Prospects rules of the board in which the property submitted is located. for Future Increase A motion was made and seconded that a letter be written to the trustees of the Village of Wilmette requesting that the building ordinance in the business districts be modified. SlhS MONEY N. U. SELLS PROPERTY Wilmette Chapter Asks·Co-operation in Sunday Closing GLENCOE MAKES SPURT TO mGH BUILDING MARK Twenty-seven Permits Issued for Total of $303,840 in OctoberTwelve for Residences Twenty-seven building permits were issued in Glencoe during the month c.£ October which, including one for the Glencoe' State bank building, costing $70,000, brought the grand total for the month to $303,840. Twelve of the permits were for new residences costing $216,500; seven {or private garages costing $3,860; six for remodeling jobs totaling $8,480 and one for a two story and basement g1~agc and servants' guarters, which ]. R. Montgomery is building at 15 Green Bay road, costing $5,000. Permits for the residences were issued to H. E. Jon as, who is buildin~ a two story brick veneer at 1055 Bluff road costing $20,000; W . F. Washburn, for a two and one-half sto' y brick veneer at 720 Grove street, costing $16,000; two to Mrs. Sadie .Cowan. one being for a two-story bnck veneer at 459 Oakdale avenue costing $20,000 and one for a two-story br~ck veneer at 234 Vernon avenue costing $14.000: two to Frank Seiden, who 15 huilding at each of the following nun 1 hers. 265 and 273 Hawthorne avenue, a two-story hrick veneer costing $18,000. Two to C. E. Olewine for two-story brick veneer residences on Valley road, one at No. 929 costing $14,500 and one at No. 935 costing $16,000; Albert R. and Elizabeth H. Gates. for a two and one-half storv, face brick veneer residence. at 248 Hawthorn avenue, costing $22,000: R. E . Croshv. for a twostorv hrirk veneer at 496 Woodlawn avenue. $14,000: A. L. Jackson, twostory hrick veneer, at 1038 Elmridge driv.e, $24,000: Mrs. G. P. Fuller. twostorv stucco residence, 5M Woodlawn avenue, $20,000. THE TREND IS NORTH HARKNESS and BYRN 8 N. Sheridan Rd. TEI.. EPHONES HIGHLAND PARK 2542-1769 To make a bedroom door distinctiv~ it may be painted a different color from the r est of the woodwork in the room. Any color that will harmonize The panels with the furnishings. should be painted the same color a~ the wpodwork. SHAWNEE COUNTRY CLUB $375,000.00 6% First Mortgage Serial Gold Bonds CLOSED 1\IORTGAGE Aphraisal Men to Draft a New Code in Chicago Nov. 8 The ground . ftoor will contain a large bowling alley, handball and SQuash courts, billiard rooms, library, card rooms. lockers and showers for men and women. The ftrst floor will consist of a large ballroom of surpassing beauty, dining rooms, 1 u x u rIo us lounges and lobby. There are living rooms and servants' quarters on the second fioor. The grounds wlll be attractively landscaped with tennis courts at the back. (d) The Clubhouse Is now ln course of construction and will be completed by March, 1929. Ownership (e) The land and clubhouse Is the property of the Shawnee Country Club, an Illlnols corporation which Is the combination of the old Oullrnette Country Club and the Evanston Country Club. The Board of Directors Is composed of men well known in this community, (t) The Trustee for the bondholders is Evanston Trust & Savings Bank, an Illlnois corporation duty authorized to accept and execute trusts In this State. (g) The Architects tor the bulldlng are D. H. Burnham & Co., Inc .· Chicago, and J . B. French Co .. Chicago, are the a-eneral contractors. Valuation (h) The size of the lot Is 72,900 square feet and a Certificate ot. Valuation In writing Is on ftle at our office. giving the land underlying this Issue a valuation of $210,000.00, sl&'lled by John F. Hahn, of Evanston. D. H. Burnham & Co., Inc., have Issued a statement valuing the improvements when completed at $455,500.00. Total Valuation $665,500.00. Panose of Loan (t) This loan Is made for the purpo!'le of erecting the Clubhouse and the proceeds wlll be paid upon certificates, issued by D. H. Burnham & Co., Inc., Architects. Guarantee (j) Smart & Golee, Inc., does hereby unt'onditlonally guarantee the purchaser of any one or more of the bonds herein described, that the bulldlng now being erected and herein described will be completed free and clear of all prior liens. reserving the right, however, to discharge such llabtUty by the re-purchase of said bonds at the original purchase price with accrued. Interest thereon to the date ot such re-purchase. (k) We further certlty that no officer. director or stockholder In this corporation has any Interest In the property herein described except as the house of Issue. Other Safe~uard (1) A Mortgage policy has been Issued by the Chicago Title & Trust Company for the fulJ amount of the bond issue, guaranteeing that the Trust Deed conveys an absolute ftrst lien for the full amount of the loan. (m) Fire and tornado Insurance Is held by us for the protection ot. the bondholders. · · SMART & GOLEE, INC. by Christian J. Golee, Vice-President. Deserlptlon of Bonds (a) Bonds dated May 21, 1928. Interest payable semi-annually May and November 21st. at the office of Smart & Golee, Inc., Evanston. Coupon bonds, denominations $100.00, $500.00 and $1,000.00. Redeemable on any Interest date upon sixty days notice at 101 and Interest. Payable as follows: 110,000,00, May !1, ltll 5,000,08, NoTember 11, ltst 5,880.00. May 11, ItS! 5,000.00, NoTember !1, 1981 1,008,00, May !1, 19SS 1,080.00, NoTember !1, 19SS 7.600.08, Jrily It, ltU, and $7,500.00 due every six months thereafter with the final balance due In ten years from the date thereof. Loeatlea (b) The Shawnee Country club 11!!1 located at the northwest corner of lltchl&'an and Lake Avenues, Wilmette, on choice property overlooking a small park and Lake Michigan, haTing a frontage of 243 feet on Lake Avenue and 300 feet on Michigan Avenue. The Club adjoine the better residence section of Wilmette and ls one block east 9f Sheridan Road. DeetriJUoa ef ··lldla.r (c) The Issue Is secured by a direct closed first mortgage on land In fee and a ftreproof brick and stone Clubhouse, that wlll be a beautiful addition to the neighborhood. The bulldIDI' wlll contain a awlmmln&" pool ot ceramic mosaic In ~ay designs. 40x100 feet with removable class roof, and a lol'&'la for spectators to view the pool. Prier 1 oo ·nd accrued intereat to net 6o/o from date of delivery WE RECOMMEND THESE BONDS FOR INVESTMENT SMART &: COLEE, INC. Evunston. JIJJnolt CITY NATIONAL BANK & TRUST CO. EYaattoa, Illlaolt EVANSTON TRUST & SAVINGS BANK EYanston. Jlllnole Wilmette, Illlaolt NILES CENTER STATE BANK Nllet Ceater, IWaolt THE WILMETTE STATE BANK Proposed canons of ethics to govern the apprai~al of real estate and a proposed detailed definition of standards of practice for the professional real estate appraiser will come before a meeting called by the National Association of Real Estate Boards at the Drake hotel in Chicago on November 8. The meeting will be a meeting of the executive committee of the Association's Appraisal Division. The Division through a special committee is now drafting provisions to complete its code of ethics for real estate appraisers, a major portion of which was adopted by the Division at a meeting held in connection with the Association's annual convention, in Louisville, Kentucky, in June of this year. The Division is drafting not only a code of ethics but a definition of terms in use in the highly specialized work of the professional appraiser. Henry A. Babcock, of Chicago, chairman of the Division's committee on ethics and standards of practice, will report to the Division the text of tentative provisions of the code as they have been drafted by the special committee. The meeting of the Appr~al Division's executive committee will be held simultaneously with meetings of simi· tar committees of the Association's Brokers Division, Home Builders and Subdividers Division, , Mortgage and Finance Division, Property Management Division and Farm Lands Section. Work of the Association for the coming year in each of the specialized fields of real estate represented by these Divisions will c·o me before the executive committees.