History of Northampton, Massachusetts, from its settlement in 1654;

1740.] NEW SCHOOLS—DIVISION OF ADDITIONAL GRANT. 183
of [olT] tlie persons that have the bills of the Town Upon
Interest, on the Consideration of the Sinking or the depre-
ciating of the hills, and it passed in the affirmative." It
was voted that the treasurer "shall take £2 per cent per
annnm for the last year Ending in May last." The town
treasurer was also directed to "let out the bills for this
year Coming as Old Ten"" bills at the rate of £6 upon the
Hundred for Interest and at the rate of £2 Upon the Hundred
for their depreciating, or Sinking in their Value."
The money "produced by the sale of the school lands,"
was voted to be "let out upon interest," at the same rate,
"the town running the risque of the depreciating of the
bills."
Liberty Granted to Liberty was granted to the inhabitants of
the Second Pre- the sccoud preciuct "to sell 200 acres of
land on the back side of Whiteloaf hills
that was formerly sequestered for the use and benefit of
said precinct, which land with 300 more formerly granted
them was to be in lieu of their right and interest in or to
the land lying in the meadow or common field in Northampton,
sequestered for the ministry provided they relinquish
their right or interest in or to the land sequestered
lying in the 1*' Precinct Sc do aquit and discharge the same
from all demands of or from the 2'' parish in said town on
account of said sequestered land lying in the 1^' precinct."
Additional Grant In 1702,^ B, triangular tract of land contain-
Divided. Rule j^g about 3,000 acrcs, lying between Northampton,
Springfield, and Westfield, was
granted by the General Court to Northampton and West-
field. After forty-six years' possession as common land,
a proposition was made in town-meeting for its sale or
division. This was promptly negatived, but at the afternoon
session that vote was reconsidered, and the matter
postponed till January 30'*', 174^. At that meeting, "after
the matter was thoroughly debated," the decision was
reached to divide all the land in the "additional grant."
In February, rules for the division were adopted, a survey
and plot of the land ordered, and a list of the polls and
1 See vol. 1, p. 465.