The weekly north Iowa times. [volume] (McGregor, Iowa) 1857-1867, 1857-10-21
Maulton City.

AsrrcLHs or AGREEMENT pxrwE II PAUL, MORTON
4 CO., OF pscATUR, Iusr COUNTY NEBRASKA TER
RIroRY, AND TIL sIAK H.LD RS OF TIL MAUI
TON CITY TOWN AND LAND COMPANY.
Article. The conn any hall be organized on the
Grt Monday of May, A. :, 1858 at the Office OF Ca a.
day & Clark in Sioux City, Iowa.
Article Q. regular account shall he kept OF the
number of Flare sold the amount paid thereon, and
tho place OF dence OF the several shareholder, and
n list Of said harsholders publ he'd once month, in
the Sioux City Eagle, newsi aicr published in Sioux
City, Iowa.
ArsIcIe 5 The cantal Stock Of said town and land
including tho town s Fl rHa a-a fsi.renco DO
Of VIII Af-o TO The diagram OF said City.
Article 4. The said land shall be valued at arty
thou and dollars which shall be divided into City
whole share. and enc hnndred half shares; the value
Of which shall be re pecveiy five hundred dollars and
two hundred and fifty dollar.
Article S. When any hare part of share Is TAX
en- there shall be paid down in ca h two.ffhs Ct tho
amount thereof and the balance shall be aid to Paul
Mourton & Co. igns in three equal annual ay-
men. from the da.e thereof with interet ct ten PER
cent. per annuni. Twenty-Five per cent OF the aid
two-fths shall be paid to tho aid Paul Mortos & Co.
for expense account and the balance hal be dego tied
~ interest with such Ter ons Is may be agreed on,
subject to the order of tho Maulton City Town and
Land Company, to be returned to the pro owner
failurs to organize aid company in Which ca the
taid twenty-five per cent .hal al-o he refunded One
fifth Of the aid two-fh Ito it ten thou and dol
lar the aid Maulton City Town and Land Company
shah expcnd in jim rowing faid City, and the balance
shsl be raid over to the said Paul. Mor.tn L Co. or
Article s. In ca-c the rail tharsho,d.rs or any OF
them, shat fill or regect to make payment to sa;d
raut, Morton Co. s7sgns, tile amoCns With inter
t, to lie Paid annually the said share. h:rci or
Iars thereof the rsac pre- e1ta ion OF thH dupl
cate contrast, to tie aalEoa Cily Town aud Land
Gem any after any Of said Payments shall become
due shall lie by them declared foTFsi ed and OF no CT
feet, and The I'D Town and Land Coini any hall be
and acEc5r, authorized Ii r.Giop, 10 iEuc 10 ths
said Paul. Morton L Co or taeir assigns, now cefii:'
Gates f.. aid fo:isei share hare, rart thereof,
am ironn that time they, or ;her sign, hal BE the
rhars hirss CT parts thereof, she'll be forfeited a,
atarsa anlsss thirty day notice to that a6sct lie rt
publ hid in aid Sioux CT Y Eaglc.
Article Ea n whalesnare han be entitled to two
votes each half hare to vote and may he rel
tented in per or by proxy in writing, in the man
agensnt Of the affair OF al com any.
Article s. TIE ssd any shall not be authcris-
Cd 70 g &c. or eo,e:s in any one year. more ~. ,ss
silare, for any turpoe whatever rsa enable notice
wherrcf to be eivea o they may dcsia proper.
Ar,icsa All hare rart Of sare not taien at
o: the time ef he olasnzati Of sad comsany thals
belong to tha aid Pau Norton K Co., or their ign
ard hal be auhjec. to the same Habilsie as other
Artic'ei" Th. raid PAM, sIorcu 8. Co, Mind t',s,-
fove Their hoit4 e%ecu' o. sdaai tratcr ard agne
to and with the "eTe-al hareh29cr ard with the ad
naulton City Town GaA Land c rnraay, when tie
san.s is organized ia tn raDa, sum Of ona tou and
i1i.ar' per hare and chat for rar; Ct hars
MEL "1a r" sr t. e a n' A' e sh 81
gallon kae,, h3Terer, that . tbs al Pau, oyon
L Co. or their agla shah wei ana .ruY cer I'm al:
and iagaar, the tbinf harsnaf e. forth for ihEl
I, 10 a:ld 2erfarm, according to the true intent ans
meaning hereof and the ratiia ion OF tic IEu
ton City osit ard Land Com any ccnvey 70 them N
trAs: Tor tie shar. no aera Of ala any, har he.
md ,siglR by good and 5utc,eng warrant deed, IN
fea sim II the fali1sag lie crbci poec CT rarss o.
!ali !taa IN tAe 2Iua ei 0. Sioux, Clay, saa Pslo
Alto, iI'tns State af Iowa, viz
Fer .altoa Gt5 tnwo lie Sc or and fl hf Of ie".
r. %, ". con. an.ng 4fS l. acrnr, mere o. leo
OF the ~ or Of sec - tie % OF 81 = 81 4. !.
W Gc ths " ilf OF so O. IL al lot No. /, n zee
% al o The ar sec II i al 4hes fsc or IS
nl"o sw o. 20 zee IS 7. 81 Z IS 81 hf So Gr %
II ehf Or IL, II 20 or and III fri or 80
aisofe CT 81 inf fr sec 81 T. IS r. IS W; al o
hf nv or &c 0 NV or sec II, ff Or go. 2l or
fec II haifuw or %, 9i, r. ~ W; al nv Or OF
~ Il e. 70, IL se Ii sec u : oi, AZ "; ais
hins or, aEa nc Crof = fri gr IS 3; Il % a..
in the county Of SINK afrrc nil, ani clio hf CT
ans e or sc or n az and If or ,ec :, =
1T lr and or of NV CT and or aud nwca ef.v
Grtec ne or and af wgr C 3, s., f 35 v; all
- Clay cSa-ty Slo-t cid ard al t,.e ~ cf 81
's3 E n ne n e:3 -, Il 81 "; al IL rs'o AlEo
couu.y af1rc aii cQntsa.E- :. G!i four taouand
CT lSne nose Or ic = Pr2yjast a 4 town ard land
company hal within yeGr !soGl said orsHHi alton,
donate he 70 owing blnc';s in aid R!on City, for
she f,lowiag viz: Block 81 fJr church rur.
20 block ~ for cours hou hlorS As f3r public
lsrk bloc; So for hotel block GS for onic rur
roes: Boci s. for team mill: block So for a
fteam GIit i'll aud bloci g FIR public fcilool Iur.
poe. On the PERT rlsauce of the above condition
by thu did Paul orsoa Il Co. their Z" ign the
this Obligation to be nul snd void, othern tn
rsnsil and 10 in fun farse and virtue in law and
equity.