Real Estate Success by Sonny

 How The Tribute & The Colony came to be:

  The Peters Colony was the common name of the first and most successful empresario contract authorized by the legislature of the Republic of Texas to promote settlement. The legislation authorized the Republic to enter into a contract with William S Peters and nineteen associates to promote settlement in North Texas and paid the company with free land in exchange for recruiting new settlers. The contract, which was in effect from 1841 until June 30, 1848, obligated the company to recruit new settlers, survey over 16,000 square miles of land, and issue land titles to the settlers. The boundaries of the contract included all or parts of twenty-six North Texas counties from McKinney to Throckmorton and from the Red River to Granbury. This included The Colony and most of the DFW metroplex. The land within the contract boundaries was referred to as “The Colony.”

The contract authorized The Texas Emigration and Land Company of Louisville, Kentucky (the legal name of Peters Colony), to give up to 640 acres of free land to new immigrants in exchange for building a cabin, cultivating 15 acres of the land, and pledging allegiance to the Republic of Texas. In payment for its services, Peters Colony received over one million acres of what were called “premium lands” located in the western portion of “The Colony.”

In 1844, Willis Stewart, who had become the principal investor in Peters Colony, moved the company’s headquarters to Bridges Settlement. Bridges Settlement, settled in 1843, was the first settlement in Denton County and was named after the family of John and Mildred Bridges and their children: William, David, and Elizabeth. Some of the original colonists, including members of the Bridges family, are buried in Bridges Cemetery located on the family’s land grant in the eastern part of today’s City of The Colony.

     8276 Western is a luxurious home located in The Tribute that is currently on the market for sale. Read more about this magnificent home on the Lake sonnymoyers.com or contact your favorite REALTOR for support.

Sonny Moyers, Author & REALTOR