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The tolerance callout you describe (which mixes true position tolerancing with plus-or-minus tolerancing) was allowed under older versions of the dimensioning and tolerancing standards (ANSI Y14.5-1973 and earlier).
The intent of the callout was use the plus-or-minus dimensions to locate the pattern of holes and then specify the true position to maintain a tighter relationship of the holes within the pattern. The problems with this method is the same problems that always seem to come up when using plus-or-minus tolerances; dealing with square tolerance zones on a round hole, implied datums which allow multiple part set-ups, we can't invoke the MMC principle on the plus-or-minus dimensions to take advantage of additional hole clearance, etc.
The practice of mixing plus-or-minus dimensions with true position tolerancing was discontinued with the release of ANSI Y14.5M-1982. To acheive the same affect as the older method (i.e. - relaxed location of the pattern - tighter relationship of features within the pattern) composite positional tolerancing is the method used today.
Hope this helps you out.
GDTGUY