Muscatine journal. [volume] (Bloomington, Iowa) 1849-185?, 1853-09-02
Muscatine Prices Current, Sept. I'd
Proclamation.
To the Voters of Muscatine county. Ioy

To the Voters of Muscatine county, Iowa /:
WHEREAS petition, signed by a large number
of the citizens Of Muscatine county has been present
ed to the County Judge asking that the question be
submitted TO vote, Whether the county of Muscatine
will subscribe One HUNDRED AND FIFTY THOUSAND
DOLLARS to the stock of the Mississippi and Missou
ri Railroad Company one hundred thousand dollars
of said stock to be subscribed to the road comprising
the second General Division OF the lines of railway
proposed to be constructed by said Company to-wt :
The line from the city of Muscatne, westwardly or
enthusiastically, to the Missouri river or the state
line Of Missouri, or both-and fifty thousand dollars Of
said stock to be subscribed to the road comprising the
third General Division of the limos of railway proposed
to be trcted by said company, towit From the
city of Muscatne to Cedar Rapids and issue county
bonds therefor for the purpose Of borrowing money to
pay for said stock.
Now, therefore, in order that the voters of said
county mag adopt or reject the proposition IT is here
by ordered that election be held in each township
in this county at the usual places of holding elections
in the same, Monday, the 3rd day of October next
Tor the purpose of voting upon the following PROPOSE
tons, towit: That the county of Muscatine, in its
corporate capacity. will aid in the construction Of the
Divisions above named, of the Mississippi and Mis-
souri, Railroad in the state of Iowa and to that end
will subscribe hundred and fifty thousand dollars
10 the stock OF said company as organized under the
laws OF Iowa and that county bonds of said county
kshal be issued for said hundred and fifty thousand
olar for the purpose of borrowing money to pay for
paid stock, which bonds shall e on interest at rate
bot exceeding ten per centum per nnnnl, and be con
ertlble into stock in said railr,aa company. and pay
fable within twenty years rm this d,.te--that the
faith OF the county of Muscatnc shall lie pied ,cd II
the payment of the interest and the rltiInate payment
OF the principal Of sail bonds ard 70 meet the aInIa
interest in addition ~ the ordinary revenue OF the
county a tax not exceeding five mills the dial,r
shall be levied Annually and that after ten years the
rate OF tax, for the purpose If paying the aniai IN
terest and to create flnd for the payment OF the
principal Of said bonds shall be incrcaedto amount
not exceeding per cent. the dollar n: the then
taXabe property in the county. rteHs the slid bonds
are sooner converted by the olcrs int the stock Of
said railroad company.
The foregoing proposition shall lie silhn tied ard
passed upon under the following mode nf W ting. to-
wit: Those in favor of the proposition, shall VIE
ballot with the words written printed thereon,
{" For THE RAILROAD AND TAX and those against
shall deposte ballot with the words written or print
cd thereon, AGAINST THE RAILROAD AND TAX
and If there shall be majority in favor Of said propo
sition the same shall be considered as adopted and
will authorize the County Judge OF said county to sub
scribe the stock aforesaid and Issue the bonds of tie
county, in accordance with the foregoing proposition.
1t is further ordered that this proclamation he pab
shed four weeks successfully in the Muscatne Journal
and in the Democratic T. quirer, and that copy
thereof be posted up at the place of voting in each
township, during the day OF election.
60 Given under my hand and the seal Of the
SEAL county of Muscatine. this LIST day of Septem-
49, Der, A. D., 1853
ARTHUR WASHBURN
sep. 2, 1853 4w. County Judge.