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to open a business m Nov Market in 1957, Mr. Johnson gave an interesting and valuable report on their experiences.
Six men, putting Up $50.00 each, formed the New Market Development Corporation. They bought three acres of land and got to work felling stock in ap effort to raise $40,000.00 for a building “shell” with 10,000 square feet of floor space. They got the facts, contacted about 300 persons in their effort to sell stock, raised ^hirty odd thousand dollars. Stock sold at $100.t>0 a share with an average investment of $300.00 per investor.
A lease purchase agreement was drawn between the firm and the New Market Development Corporation whereby the building shell of cinderblock with brick veneer on three sides would be paid for in nine years bearing 5% interest. They set out to do this in 60 days. In 90 days an attractive building was completed ard the firm had
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