Page:Oregon Historical Quarterly volume 25.djvu/148

 130 CHARLES E. LEWIS in 1920 at a cost of $110,000. The Sisters undertook the payment of the first $5,000 of the purchase price and it was necessary for the board to increase its mortgage on the Vista Avenue property from $8,000 to $15,000. 19 Since 1920 the grounds at the new location have been beautified, the outdoor gymnasium having been moved to the rear of the building, and the entire plant made into an attractive school home. As the building was originally intended for a day school only, it does not supply adequate dormitory space for the needs of the school. The past year the school had an enrollment of about 130, an average number. After closing the old Bishop Scott Academy in 1904, the Board of School Trustees set about to dispose of the property in order to pay off its indebtedness. The first year $48,747.90 worth of property was sold. The next year Trinity Place, between Nineteenth and Twentieth Streets, was opened and lots sold to the value of $20,750. This left the board entirely free from debt and property belonging to the Academy amounting to about $95,000 remaining. All of this was subsequently sold except the actual site of the school, which in 1912 was leased on very favorable terms 20 for a period of 50 years. In 1909 the board purchased 100 acres of land in Yamhill County about four miles north of the town of Yamhill on the West Side branch of the Southern Pacific Electric. This was purchased from the Walnut Grove Company at a cost of $250 per acre, including all buildings, which were insured at $8,000. The next year the board received a donation from Mr. C. G. Thayer, of Rainier, Oregon, of 19 This property has just been sold to the Masonic Lodge in which a large cash payment has been received along with some real estate in- cluding some lots on the west side of Vista Avenue across from the old property. 20 By this lease the board was to receive annually as rental during the first and second years $3,750.00, during the next 8 years $7,500, during the next 10 years $10,500, during the next 10 years $13,500, during the next 10 years $16,500, and during the last 10 years of the lease $19,500, all of which sums were to be net to the board. m.