The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1855-10-11
TO THE CITIZENS OF kEokUk.

aco1rds ace with resolution Of the City Council
hereby submit the folio wing statement Of the
Obi cations and liabilities of the City, regard to
Railroad enterprises {"
On the 18th day Of MAY, 1858, the question Of au-
thorizng liz City Council ossbscrbe to the stock of
the Mississippi Wabash Railroad sun not
cseding Slou 600 submitted TO a vote Of the cti-
81 this Cty aud WAS carried InDst unanimously.
At the tim Of the opening Of the subseription
books for the Mississippid Wabash r. r. n; Warsaw,
in the month Of June, 1858, T.. H. Perry, Esq. sub
serb the Of $500 to the stock Of said road
T1is, though taken in the of Mr.. Perry, it is
uader i to be paid by the City.
In juue, S5S, subscription of S99 800 was made
70 tae s."ek Of the NJ. ". R. K. Co. By the Mayor
u the City, (aeting under resolution OF the City
Colneii.l upJu the following con lii .ouS VIZ
Isl fAat the said Mississippi Wabash Rail
raj sha b . ated from Warsaw Eas, for the dis
tane Vi miles, substantially IN he old Peoria and
NaEsaw Railroad track and ut the most convenient
and nearest point to the city of ok uk in the State
u ] VI, 4 r. rmnnent depot shall be established and
maui 1ie"d Ivy the 4~d Mississippi and abash Rail
,,8u company.
ID. fhat the City Of kcokuk shall not be liable
- pay any portion OF said subscription to said suk
htyo Il the per cent until the Who'll. u said road
saii bs placed in good faith under contract that
th Cay Council of the City of keokuk shall be
s}aaljy assured that satisfactory arrang ments are
made eeage the completion If SAID Road
Ii order T. arrive AT Il correct conclusion To the
pcs N ,e and moral obligation f the City under
II NJ sad subscription. It may b. ssary to
stnt th. present situation Of the above Road "a we'll
t@iNs aclly II the Law Of this state, passed at
tin last session OF the Legislature.
81 meeting # the BoarI Of Directors of the NJ
aW K. r. hell at Chicago in .iuue last To take into
consideration measures for the completion Of the
Western Division of said road from arsaw its in
rseetien with the Railroad running from Quincy TO
Gale burg executive committee, consisting IF J.
". lnsersol Of Canton, His, -- Hunt Of War
saw, and Ii W Sample, of this city, was appointed
This Committee were duly authorized TO the sub
serlton here ofoFe male to said road the City Of
kcakua, IN the County Of Hancock also to pledge
the falt! Ut he Company to the amount Of 500 000
aad r. axe such measures they NAV deem neccssa-
~ 70 nsne the completion Of said Western Division
# liz rsai.
The acton Of the Directors in ing he appoint
inent q II. W Sampieas member Of the Executiy,
ComnittAe for the City of keokuk, was approved by
the City Council, by at resolution passed June |,
1850, and AZ subsequent meeting Of said Council
Jal 10Th the following proceeding were had, VIZ
\ a tnnauni cation was received from II. ". sam
pie, member of the Executive Committee Of ttH,
Mssiss irp and Wabash Railroad CONF any and after
! dehats the following was adopted, viz
R.o'rsi That ths representative Of the city in
the Execu I've Committee of the Mississippi and
Wabash R. K. Co, b. and is hereby authorized to
act in said Committee with the assurance that the
subscription Of the city Of keokuk, for 100, poo dol
lars will he carried out III good iaith and the Bonds
issued A. may he required to build the Western Diyis
ion os said road.
In accordance with the above resolution the IN IN.
Der Il The Executive Committee from this city has
gwen assurance to the citizens of Hancock and Nc.
Donoreh counties that the said Bonis will be issued
whenever he city Council shall be satisfied that the
Western Division Of said road put in shape to In
is comp elton =
The following IL o copy Of the Law passed last wi
ter, and ref FRED to above
section L. Be il enacted by the General Assembly
of the State Of Iowa, That in all cases where The
county, city or town interpretations have, or ma,
hereafter become Stock holders in Railroads. or Other
. AT o or nj n,
lawful for the county Judges, Mayors other agenii
ot such cities counties to issue the bonds of their
eiiiss counties until they satisfied that the con
temp ed improvements will BE- con sructed through
10 til respective cities counties within thirty
six months from the issuing aud delivery Of sale
bonds. and the proceeds of such bonds shall in al
casas be expended within the limits of the count
IL which said city may be situated Prorided tina
nothing in this act shall in way at ct corporat iol
r.ghi. for any contracts or subscriptions here;or
made within any railroad company or corporation
TOR the @snipg u county or corporation bonds
On the 1th day of January, 1854, the city Council
, we're authorized by the unanimous ,9e Of the PEG
pie subscribe stock to the keokuk Fort Dies moline
, and Mime Railroad company to the amount OF
zoe 600 dollars also to subscribe an additional sun
Of 81 900 dollars to the Mississippi and Wabas
Railroad Company. The subscriptions authorize.
{ above have never yet been made, bul ths city al
yaneed in cash to the X. TT. ID. NJ. NJ r. Co.. to Ia
sum of two thousand dollars 20 pay portion Of tn
expenees OF the survey
Aafleetior WAS held on the 22d Of September Las.
the result of Which MAS tist The city Council au
thariled tooanthe credtof The city ,p ting keokak
Nj, p.e..,.at aud Muscatine Railroad Company t
> the alapuat If vas hundred thousand dollars.
HernRitpsStipu,
Amount subscribed yc. IL. Perry tgtAs
NAV R. X. So
I" ritY Of KtoEuk, !" 81, 30
+, Authorized 10 he subscribed !" 5000
= In n. ~ n.aM. n. II. Go. 10000
! Loanea,sh Il, AT r. al, 4. Rco. 10000
IT,
Total &I5yoo
!, Il. s. MIRIAM,
City Recorder.