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TO PAY 00,000 FOR FAIR GROUNDS. Business Mens Racing Association Plans to Buy Property from Louisiana Jockey Club. New Orleans. La., January 111. — Directors of the Business M aa Pacing Association held a special meeting Wednesday night and adopted r- solutions providing tor the purchase of the Fair Grounds foi 00,000. The Fair Grande property is owned by the New Louisiana Jockey Club, and it was understood at the close of last winters meeting that the Baai-BMBJ Mens ]; H jng A-sociation would take over the plant as soon u it became able to do so. Fndcr the terms of the sale adopted at Wednesday nights meeting the assi iation will pay 0,000 to bind the sale and will pay S40.000 more by February 15. The oth« r 5 1,000 is to be represented in rotes of .■2.YOOO each, payable each year, with interest at live per cent. The racing association Nauru the light to anticipate the notes at any tine-. It was announced ;it the BM ring that immediately after the lose of the pflOaaal niMing work would be begun on permanent buildings on the property. These will be used for the National Fair Bad Live Stock show, which has become au annual loing for New Orb-, ms.