Muscatine journal. [volume] (Bloomington, Iowa) 1849-185?, 1853-09-16
VOL. ".
Proclamation.

70 the Voters of Muscatine county, Iowa !:
WHEREAS, petition, signed by large number
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 Nilsson
n Railroad Company n-0ne 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 tnwit:
Inc line rom the city Of Muscatine, westwardy or
line Of Missouri or bothand fifty thousand dollars Of
said stock to be subscribed to the road COMPRISING the
third General Division Of the lines Of railway proposed
to be constructed by said company towit Prom the
city OF Muscatine 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 may adopt reject the proposition il ia here
by ordered that an election Be held in each township
in this county at the usual places Of holding elections
in the same on Monday the 3rd day of October next
tor the purpose Of voting upon the following PROPOSE
corporate capacity will aid in the construction of the
Divisions above named, OF the Mississippi and Ms.
sour Railroad in the state Of Iowa and TO that end
viii subscribe one hundred and y thousand dollars
70 the stock Of said company as organized under the
laws OF Iowa. and that county bonds Of said county
shall be issued for said one hundred and fifty thousand
dollars for the purpose OF borrowing money to pay for
sad Stock which bonds shall be on Interest at rate
not exceeding ten per centum per annum and be con-
vertble into stock in said railroad company, and pay
able within twenty years from this date-that the
faith OF the county of Muscatine shall be pledged for
the payment OF the interest and the ultimate payment
OF the principal of said bonds and to meet the annual
interest in addition to the ordinary revenue Of the
county tax not exceeding five mills on the dollar
shall be levied annual y-and that after ten years the
rate OF tax for the purpose of paying the annual in
tercst and TO create fund for the payment of the
principal Of said bonds shall be increased to an amount
not exceeding per cent on the dollar of the then
taxab property in the county unless the said bonds
are sooner converted by the holders into the stock of
said railroad company.
The foregoing proposition shall be submitted and
passed upon under tie following mode of voting to-
wit: Those in favor Of the proposition shall vote
balt,t with the words written or printed thereon,
:" FoR THE RAILROAD AND TAX and those against
shall deposite ballot with the words written or print
cd thereon AGAINST THE RAILROAD AND TAX
aud il there shall be majority in favor of said propo-
ston, 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 the
county. in accordance with the foregoing proposition
It is further ordered, that this proclamation be pub
lshed four weeks successyeyin the Muscatne Journal
and in the Democratic Enquirer and that q copy
thereof be posted up at the place of voting in each
township, during the day Of election. !.
$3.50 Given under my hand and the seal OF the
SEAL county OF Mlscatne, this lst day Of Septeni-
49, Der, A. D., 1853
ARTHUR WASHBURN,