Quasqueton guardian. (Quasqueton, Buchanan County, Iowa) 1856-1858, 1857-05-16
STATE OF Iowa,
BUCHANAN COUNTY

STATE OF IOWA,
BUCHANAN COUNTY (
VXThereas, petition to me addressed, and
w signed by two hundred citizens and voters
of said county, has been duly presented asking
me to order special election, to be held on the
18th day of May, 1857, in the several townships
of said county and ut which election to submit
to the voters of said county the question whether
said county will loan its credit, to the amount OF
two hundred and fifty thousand dollars, to the
" Wapspinicon and st. Peters Valley Railroad
Company" in aid of the construction of the
Wapsipinicon and st. Peters Valley Railroad
through said county, by issuing to said company
the bonds of said county, to the amount of said
sum of two hundred and fifty thousand dollars
the principal sum of said bonds payable in twenty
years from the date of said bonds; said bonds to
bear interest, at the rate of ten per cent per an
NUN. and payable annually in the city of New
Y,rl; provided said railroad company shall, at
the time of the issuing of said bonds give to the
County Judge of said county, satisfactory secu-
rty that the proceeds of said bonds shall be used
exclusively in the construction of said road
within said county, and that said Railroad Com
pany shall pay the interest accruing said bonds
as 1t becomes due.
Now l, O. II. p. Roszell, County Judge of said
Buchanan County, do hereby order that special
election be held in each of the townships of said
county, on the 25th day of May, 1851; and at
the usual places in said townships of holding
elections, TO determine the question whether said
county will loan its credit to the amount of two
hundred and fifty thousand dollars to the Wap-
sipinicon and St. Peters Valley Railroad Com
pany, i'll aid of the construction of the Wapsi-
pinicon and st. Peters Valley Railroad through
said county, by issuing to said Railroad Com
pany the bonds of said county for the amount of
two hundred and fifty thousand dollars, the prin-
cipal sum of said bonds payable in the city of
New York, in twenty years from their date, and
said bonds to draw interest at the rate of ten per
cent. per annum, and payable annually in the
city of New York; provided said Railroad Com
pany, shall, AT the time of the issuing of said
bonds, give to the County Judge of said county,
satisfactory security that the proceeds of said
bonds snail be used exclusively in the construc-
ton of said Railroad within said county, and
that said Railroad Company shall pay the inter
est on said bonds as it becomes due; and IL is
also submitted, whether tax of one per cent
upon the taxable property Of the county for the
ultimate redemption of said bonds, and the pay
merit Of the interest thereon, it being understood
that the bonds shall not be issued 10y said county
until said company shall give satisfactory seen
rity for the payment of interest aceruing on said
bonds
The form of the vote shall be " For the Rail
road, > and Against the Railroad" Every vote
east for the Railroad shall be considered for the
proposition entire, and every vote cast against
the Railroad, shall be considered as against the
proposition entire
WITNESS my hand and the seal of the County
aforesaid this 18th day of April, A. d. 1857.
LIS. o. II. p. ROSZELL,
County Judge.