Muscatine journal. [volume] (Bloomington, Iowa) 1849-185?, 1853-09-09
NO. IT,.
Proclamation.

To the Voters of Muscatine county, Iowa
WHEREAS, a petition signed by large number
Of the citizens Of Muscatne county has been present
cd to the County Judge, asking that the question be
submitted to vote, Whether the county of Muscape
will subscribe One HUNDRED AND FIFTY THOUSAND
DOLLARS to the stock of the Mississippi and Nilsson.
ri Railroad Company Zone 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-wit:
The line from the city of Muscatine 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 lines of railway proposed
10 be constructed 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 may adopt reject the proposition 1t is here
Dy ordered that an election be held in each township
IN TINS county at the usual places of holding elections
IN the sane on Monday the 3rd day of October next,
Tor the purpose of voting upon the following PROPOSE
lions, 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 one hundred and fifty 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 hundred and fifty thousand
dollars for the purpose OF borrowing money to pay for
said stock which bonds shall be interest at rate
not exceeding ten per centum per annum, and be con-
able within twenty years from this date-that the
filth of the county of Muscatne 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 of the
county, a tax not exceeding five mills on the dollar
shall be levied annual yand that after ten years the
rate OF tax for the purpose of paying the annual in
terest and to create fund for the payment of the
principal of said bonds shall be increased to an amount
not exceeding per cent 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 the following mode Of voting, to-
wit: Those in favor of the proposition, shall vote
ballot with the words written or printed thereon,
:" Foh THE RAILROAD AND TAx"--and those against,
shall depose ballot with the words written or print
cd thereon, |" AGAINST TIs RAILROAD AND TAX ~
and there shall be majority in favor of said propo
ltlon the same shall be considered as adopted, and
viii authorize the County Judge of said county to sub
scribe the stock Aforesaid and issue the bonds of tie
county lii accordance with the foregoing proposition.
1t ! further ordered that this proclamation he pub
ohed four weeks slcecssy ly in the Muscatine Journal
ana IN the Democratic L quirer, and that copy
thereof be posted up at the place of voting in each
township, during the day Of election.
- Given under my hand and the seal OF the
SEAL county of Muscatine, this LIST day of Septen-
- Der, A. D., 1853.
ARTHUR WASHBURN,
sep 1893. fw. County Judge.