The weekly north Iowa times. [volume] (McGregor, Iowa) 1857-1867, 1857-10-28
Maulton City.

sco, or DECATUR, BURT COUNTY NEBRASKA TER
kITORY, AND TIL sHAR HsLD RS OF MAUL.
TON CITY TOWN AND LAND COMPANY.
Article The com,an shall be organized on the
6rt Monday OF May, A. 1858 at the Office OF Casa
day Clark in Sioux City, Iowa.
number Of share sold the Paid thereon, and
tho place of dcnce OF the several shareh ,der> and
= list Of said hareholders publ he'd month"; in
the Sioux City Eagle newspaper published in Sioux
Article .. The Capital Stock of said town and land
company shall it of four thou and OF land,
includng the town site Of Maulton City, the de crpon
OF which will more " appear hereafter reference Be
iIg had also to the diagram Of said City.
Article 1. The said land shall be valued at fifty
thousand dollars which shall be divided into fifty
whole share and one hundred half shares the value
Of which shall be 'pccrey five hundred dollar and
two hundred and fifty dollar.
Articles When any share part Of share il TAX
there hall he paid down in ca h twoffths Of the
amount thereof and the balance shall be paid to Paul
Mour,on Il Go. igns in three equal annual pay
msnt from the date thereof with interest at ten FER
cent. per annum. Twenty-Five per cent OF the said
two-ffths sha be paid to the aid Paul Morton Co..
for expense account and the balance shall be depo tied
ut interst with such per a may be agreed on,
subject to the order of the Msuton City Town and
Land Com any, or to be returned to the owner
failure to organize aid company in which the
raid twenty-five per cent sha al be refunded. One
ff;hcf the aid two-ffth Ito it ten thou and dol
lar he aid Mauton City Town and Land Company
sha expend in improving sad City, and the balance
shall be paid over to the said Paul, Mortcn Co.
Article 6. In case the said shareholders or any OF
them, shall f, or neglect to make payment to said
I'nu Morton Co. assigns, the amount with inter-
est, to DO paid annually on the said hare, hares or
rart thereof the same on IRE entation Of the dupl
cate contract, to the aulton City Town and Land
Comasn after any of ssid PAYMENTS shall become
due shall be by them declared forfeited and of e.
feet, and the raid Town and Land Company hall be
and are hereby, authorized thsreupon, to suo to the
said Paul, Morton 4 Co. or their assigns, new certih
cate, for aid forfeited hare hare, parts thereof
and from that time they, their Assigns, hall DO the
only true and lawful owner thereof. Provided no
share shsres parts thereof: shall lie forfeited as
atore aid unless thirty day notice that affect be rat
publ he'd in said Sioux Ciy Eagle. "....-.. Us.
Article Z Each whole share hall be entitled to two
votes each half hare to vote and may be
fented in per by proxy in writing, in the man
agement Of the affairs Of aid company
Article 8. The said company shall not be authoriz-
ID to a'ses or collect in any year, than ten
Fer cent on the amount of any hare, Part Of
share, for any purpoe whatever rea enable notice
whereof to be given a they may deem proper.
Article .. All hare or rart Of share not taken a.
at the time Of The IN sati of sad courany shall
belong to the aid Paul, Morton Co.. or their assign,
and hall bo subject to the liabilities as other
shares.
Article L.. The said Paul, Morton 4 Co., bind them
selves their heirs. executor administrator and signs
to and with the severa hareholders and with the said
Mauiton City Town and Land Company, when the
rame is organized, in tina penal sum of thou and
dollars per share and at that rate for parts Of hare
we'll and truly to be made to them their executors ad
mini traitors signs The condition of which obi
CATION u suc however, that if the said Paul, oron
Co. their assigns shall we'll and truly perform all
and angular the thing hereinafter let forth for them
to do and erfnrm, according to the true intent and
neanin; hereof and the organization OF the Maui
ton City own and Land Company convey to them in
trust Tor the shareholder Of aid any, their heir
snd as ign by good and efficient warranty decd, in
fee simple the following de cr.bed pcce' parcel OF
land situate in the counic3 of Sioux Clay, and Pao
Alto, IN tho State Of Iowa, viz:
For aulton City town lite or and I'll hf OF &c.
T. 95, Il. A W. containing ass IL or lese:
.! tho or Of ec7, the qrot 3. the fri hf
OF the Nv or Of &C 80 the Of 81, 4. % r. A
alSo the hf of &c or IL al lot No l, in
22 also the NV ar sec 26 al The hf % or rs
ale W OF . sec rs T. OF r IS W; al Inf or
II ehf eqr ce l5 hf or and " hf FIJI ar %:
also &c So hf W or IS 7. a5 i. IS al-o
. hf nwqr sec 10 NV or II, IF or zee Fl Or
fec Fl hafnw Gr .ec %, .9s, X. AZ "; q; of
~ IA SEQ %, IL IA &c q 7. 81, IS W: al
hfns or, and ne qr of fri or zee 20 81 r 80 all
and se ar sec or Of NV or aud W Inf az Sc
hi nv or and CT Of or and or aud NV "a orpw
or sec9 or and Inf or ec SO, i s., 80 w all
in Clay county aforc aid and al the or Of CT
Ssc2 hfne pr &c ) 81, X 81 "; all in Patio Alto
county afnre cid containing in all fnur thousand
If land moce or lcas. Provided aid town and land
company ha'l within one year from said organization.
donate the following blocks in said aulton City, for
the tollowi * purlo viz Block 81 for church
poses block AZ for court hou block - for public
park block So for hotel ilock IS for onic pur
poTss Block So for steam saw mill; block IS for
steam Gri i'll and block f,r public school pur-
poo On the performance of the above condition
BY the aid Paul orion Il Co. their a, ign then
this obligation to be null and void, otherNi to
remain add . in fall force and virtue in law and