The daily Gate City., 1855-10-12
FOR SALE.
EOR SALE.
n EW tip buggy, at the Livery Stable of
oct a2-dtf MM. CLEGH0Ry
TO THE CITIZENS OF kEOKUk.

u
| \ accordance with resolution of the City Council
L hereby submit thu folio wing statement Of tie
obligations and liabilities OF the City, in regard TO
Railroad enterprises -
On the 25th day Of May, 1853, the question Of au-
thorzng the City Council sshscr be to the stoc oi
the Mississippi Wabash Rt.road sum not ex
ceedng $l0o.0 200, submitted q vote of the eli
gems of thus City and was carried aim lt
~ the time ot the opening VI the suhscrIpti
hooks for the Mississippi Wabash X. r. at Warsaw
IN the month Of Jun, 1888, {. III. Perry, a. sub
serb d the sum Of 5000 to The stock of said road.
Inisr though taken IN the of Mr.. Perry, ii is
understood IL TO be paid by the City.
La June, 1888 subscrip. ION Of 500 500 was madt
10 tn stock of the NJ. ". K. Il. Co. by the Mayor
~ the City, kacting undr resolution of the City
Counei, upon the following conditions viz:
. LIST. That the sad Mississippi Wabash Rail
road sha b. located from Warsaw East n the DIS
tanca Of miles subs ant,aiy the old Peoria and
War<aw Railroad track, and the most convenient
and nearest point to the city Of keoknk in the State
OF Iowa permanent d. pct shall tie established and
ma nj ined by III said Mlssiss pp and abash Rail
road Company.
I'd. Tat tn Ci'y Of Kcoluk shall not be liable
10 Ity any portion uf sand subscription said stock
5osd the tive per nt, antii the whole Of said road
sa he pac ii IL good faith und c,nt act, or th al
th Cay loancii Vt he City Of krokuk shalt be r.
sonatly assured that satisfactory arrang- ments aie
IN de ecu the comp.e.nn said Rad" "
In order u asrIse nj correct conciu the
pses eea. ard mo al obligation # he City und.r
lt
stat b pres iu.tion # ihs above ad az wcl
t. give acsly the Law # this State pass,d d OF
| the last session Of the Legislature.
A. a meeting Of III T., ari Of Directors of the NJ
". H. H., Ael at Chicago June last take into
consid ration assures for the competition of the
stern Division Of sad roa, from Warsaw to is in.
rseet on with te Railroad running from Quincy 10
oale nur. an execut We committee consisting #
". lnlerssi, VI anton, His. ,s---- Hunt VI War.
saw. and H. W Sample Of this city, was app int
Tnis Committee were duly authorized to use the sub.
rptlons heretofore made to said road in the CITY OF
heosrk. and the County Of Hancock also 70 pledge
the faith of the Company 10 the Of sou 600
and to take such nea a. they may deem neec-sa
ry to nsurs the completion of sad Western Division
of the road
The action Of the Directors in making the appoint
ment OF III. " Sample n member of the Executive
Cemmi ttee for the City of heokuk was approved by
the City Council by at resolution passed June / /
1879, and at . subsequent meeting Of said Council
June 25th the following proceedings were had, viz
"A communication received from II. W. sam.
pie. member OF the Executive Committee Of ths
Mi sissipp and Wabash Railroad Company and aft 1,
debate the following was adopted, viY
Resolved, That the representative Of the city in
the Executive Committee Of the Mississippi and
Wabash II. X. Co., b. and is hereby authorized te
act in said Committee with the assuranc, that The
suhscr ption Of the city Of kookuk for 90 0g0 dol.
lars will be carried out in good faith and the Bomb
issued may be required to build the Western Divis
| ION of said rvad.
Der Of the Executive Committee from ,his city ha,
given assurance TO the citizens Of Hancock and Ne
Denongh counties that the said Bonds will be issucs
whenever the city Council shAl be satisfied that th.
Western DIVISION Of said road put in shape TO in
sure its completion.
The following is copy Of the Law passed las, wi n
! ter. aud referred 10 above.
.secfioa l. Be it enacted by the General Assembl,
Of the State Of Iowa That in all where th.
county city or town interpretations have, or ma,
hereafter become Stockholders in Railroads or othei
private companies interpretations, it shall not b.
lawful for the county Judges, Mayors other agents
Of such cities counties to issue the bonds Of Their
cities counties until they satisfied that the
tenp!ated improvements will be constructed through
to their respective cities counties, within thirt,
six months from the issuing and delivery % sale
bonds, and the proceeds of such bonds shall in al
cases be expended within the limits of the count,
in which said city may be situated Prorided tha
nothing in this act shall in way affect corporation
ghts for any contracts subscriptions heretor,
made within any railroad company or corporation
for the issuing of county or corporation bonds
On the Tth day Of January, 1854 the city Counci
were authorized by the unanimous vote Of the peo
pie TO subscribe soek to the keokuk Fort Des meine
nnd Minnesota Railroad company 10 the amount o.
2un 600 dollars, $50 subscribe an additional sun
Of $1,000 dollars 10 The Missssipp and Wabasi
Raj road Company. The subscri ptians authorizes
above have never yet been made but tho city ad
yaneed IN cash to the X. IT. H. N. 4 Nj r. Co. to tn
sum OF two thousand dollars to pay portion Of tn
eanences of The survey
An coiion was held on the ed Of September last
the result of which was that The city Counci was au
horizcd to oan he credit Of the ely he keok uk
Mt Peasant and Muscaiipe kai road Company L
the amount Of one hundred thousand dollars.
neCapatutatiOM.
Amount subscribed l., e. IA. Ferry 10 the
NAV. R-R. S so
g subscribed by Ci,y Of keohuk
h. the Nj. W. Il. H. 90
q authorized to be sub cribed to
the VI 4 W. r. Il. 50 90
i" aathorixrd t. b 1uhs scribed 10
tie n. IT. ID. 4 M. II. H. Co 800 90
q auth sed % be loaned 10 X. Mt
r.. Nj. k. RIO. 100 90
Total 81 100
b. +. MERRIAM
City Recorder
kooinl, Get le--6d