The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1857-05-09
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he County Judge Of this County. has y
- - asrpeaea at'oa fos ~ holding - =
sls.sa esscsso = e fhe pm 80 9 allowing
the qaanaed voter g accide 1ef q ses.nst
the proposition OF sathoxissng the County
Of Pottawatt.nle, g her egsPorate eapse-
ity, to tAke ssock N the Mississippi ana
Aisossl IA - ! TO The a.esast q assse
Asssdrat dsonsssS dosia,s. AZ - forth p
n2 pfosiamassons Hlch w il oe fosnd an y
another COLUMN, y The County decides 70
sahaes'be the above amount 80 the capital
ssueafof ne Road, INC County Judge y 70
4sus ths Boads q the 8. County IL sums $50 OF
~ thoannd dollars each, payable IN twen-
gyeszs, With sn annsai inferest not esessd-l
'a ses p@ CENT Inc seld Bonus are NOT
@ sesusu until l1 ne salq s hoad Y sctoaily
uaaer process @ corsfrueflon wlthin ne Inn A.
10 0sfoseawasaa.ie Coassy, and'nos tAen
ahsess tne.ncsa pc conhstfacsed On the MOS
qpnQe n ahey fodpte, terminasing ~ Councli
biuns. fof tne payment - the interest -.
efs.'g on sid Bonds, II - provided that the
cou us Couf.' . inc asuai VINE q ievylng
taxss, snail levy sucn t az on tne taxable
property q said County, as shall Pc sufficient
ssps5 the interest thereon, not eresedsng IN
any one year the rate Of one per cent. In
Ten Year, from the issuing OF said bonds,
that hin nearly ten Year, from the compile
sson OF sesd road, the Court - authorized to
Provide fcf the payment OF the Bonds, eth
q oy leyylng 2 tax Tor that purpose, such
- hal be sxR1cient for the full payment
o. tie same when due, Or BY disposing Of
me stock OF the County in said road. ~
On the 18th day OF june next, the citizens
of this county, will have to decide the im-
/. portans question above referred to, and we
hope 70 see = full vote. As there can be
no question - 70 the right OF the County
tootaks said stock the only point to be.de-.
bated, is ~ TO the policy. Local pride and
seif-interest ara involved u til, matter
Ferour part, We are in favor Of extending
aiiproper Aid to the company, with the hope
u thereby ensurins the early compilation Of
the road. However liberal the aid extended
toa.company, where the road j. really need
cd It is sure to enrich the public vastly
more than It can the Company. We are
aware that i viii be urged a. an insurmoun.
table objection, that the issuing Of the pro.
posed bonds will subject the citizens Of the
county to heavy tax for years to come
i true, the proclamation says that the in
forrest shall be provided for BY . tar levied
spon the taxable property Of said County,
but w cannot see that the amount Of tax
levied will greatly exceed the amount that
woald be necessary, provided the loan was
not msde, To- ns,tns tie current expsn-
. see Of the County. We may be wrong in
our understanding Of the matter, but We
look upon it shus-N the County votes to
subscribe three hundred Thousand dollars to
the capital stock OF the, Company, it there
" becomes stockholder 70 that amount,
md 10 entitled to its share OF the dividends