The weekly north Iowa times. [volume] (McGregor, Iowa) 1857-1867, 1858-03-17
s & STEELE.
Maulton City.

ARTICLES OF AGREEMENT BETwE PAUL, MORTON
CO., OF DECATUR, BURT COUNTY NEBRASKA TER
RIroRY, AND TIL sHAR HOLD RS OF The MAUI.
TON CITY TOWN AND LAND COMPANY. 4Aa
Article l. The CON- any shall be organized on the
fir Monday Of May, A. -, 1858 at the Office OF Ca
day q Clark in Sioux City, Iowa .
Article e. regular account shull be kept Of the
number of shares sold the amount paid thereon, and
the place re idence OF the several shareholder and
list of said hareholders published a month, in
tbs Sioux City Eagle newspaper published in Sioux
City, Iowa.
company shall con of four thousand of land,
including the town site OF Maulton City, the de crpton
OF which will more fully appear hereafter reference be
ing had al o to the diagram Of said City.
Article f. The laid land shall be valued at fifty
thou and dollar which shall be divided into fifty
whole shares aud one hundred half shares the value
Of which shall be respectively five hundred dollars, aud
two hundred and fifty dollars.
Articles When any share or part of share Is TAX.
en- there shall be paid down in Gu two-ffths Of the
amount thereof and the balance shall be paid to Paul,
Mourton T. Co. a. igns in three equal annual pay.
ment from the date thereof with interest at ten per
cent per .nnum. Twen'yhve per cent Of the aid
for expen account, and the balance shall be deposited
at interest, with UGH per ons as may be agreed on,
suhject to the order Of the Maulton City Town and
Land Company, to he returned the proper owner,
on failure to organize said CONF any in Which the
aid twenty-five lcr cent hall al be refunded. One
fifth Of the aid two-GEh 60 it ten thou and dol
lar the aid Maulton City Town and Land Comi any
shall cxpend in iml rowing aid City, and the balance
shal be paid over to the ssid Paul, Morton Co. or
Article 8. In case the said shareholders or any OF
them, hall fail or neglect to mahe payment TO said
Paul, MortonS Co. or sign the amount with inter-
t, to be paid annually ON the said share, hares or
art. thereof the anne pre- entation OF the dupli-
cate coatract, to the aulton City Town and Land
Company after any Of ssid payment. hall become
due shall be by them declared forfeited and of ef
feet, and the sa.d Town and Land Com. any hall be
and hereby, authorized thereupon TO issue to the
aid Paul, Morton \ Co. or their is >, certih-
cates for aid forfeited hare, hare parts thereof.
and from that time they, their asign hall be the
only true and lawful owners thereof: Provided no
share shares parts thereof. shall be forfeited
store aid unes thirty day notice to that Affect be 6r
publ he'd in said Sioux City Eagle
Article Each whole hare hall be entitled to two
votes each half share to one vote and may be repre-.
'ented in yer on or by lroAy in writing in the man
agement Of the affair OF aid ooH; any.
Article 8. The aid conn any shall not be authoriz.
ed to asses or collect in any one year, more than ten
per cent the amount OF any sLsre, part Of
share, for any purto whatever rea enable notice
whereof to be given as they may deem proper.
Article 8. All hares parts of share. not taken at
at the time of the oragnizat, OF aid company shall
belong TO the aid Paul. Morton Co., their assign
and shall be subject TO ths same Liabilities - other
thares. n.t.g#a
Article j.. The raid Paul, Morton 4 Co., bind them
elves their heirs. executor admin traitor and signs
to and With the several shareholder and with the aid
Mas''ton City Town and Lana Company, when the
ss is organized, in tue penal sum OF one thou and
dollars per hare and at that rate for parts Of hare
well and truly TO be made to them, their executors sd-
mini traitor or astigns. The condition OF which obi
CATION SUCH however, that the aid Paul, Orton
Co. or their Assigns shah we'll and truly perform all
and ngular, the things hereinafter set forth Tor them
to do aud perform, according to the true intent and
meaning hereof and on the organization OF the Mat
ton City ,own and Land Company convey to them N
trust tor the harehoder OF aid conn any, their heir
sud sigus by good aud sucent warranty deed, in
fee simple the following described piece parcel OF
land situate in the counties Of sioux, Clay, aud Pao
Alto, In the state OF Iowa, viz:
FOR aulton City town lite 20 Or and fri hf Of sec.
T. U.s. Il. A ". containing 468 12 acres, les,
81 the Of the or OF 8, the fri hi
Of the or Of 80 the Or OF 81 L. 05 Il. Al
W. also the hf Of Or II also lot No. l, in
~ al-o the Or rs al o the hf sc Or "a
also sw Of GO % T.94 Il As " al'o hf or sec
IA ehfse Or Is, hf or and hf u fri Or 3d.
also Or IS hf Or 80 T. 95 X. 48 "; al
hi NV Or sec 10 NV Or sec H. hf or 81 NV 81
p half or see 90 90, X. Al W; ALTO NV or Of
hfne ~, and ne Or Of fri or IS o8 43 all
IN the county of sioux atores aid and alo hf q
and 70 Or sec sw or Of or and hi Or rec 3,
hi nv Or and sw Or Of Or and or and % ofnw
or scc9 or and W t or 49, 95, 4 IS "; all
In Clay county afore aid and al. the Or OF qr
sec 2. hfne or sec %, "a "; all in Palo Alto
county afore hid containing in all four thousand
| Of land moee or les Provided cid town aud land
company shal within year from said organization
donate the following blocks in ssid aulton City, fol
the following purpo es viz: Block 81 for church pur
poses block for court hou block - for public
park block Sc for hotel bloeH % tor asonie pur
sts&m Grit hi and bl0ak lU6 for public school pur.
| pc es On the Performance Of the above condition.
BY the faid Paul norton 4 20. their Assigns thsn
| this obligation to be null and void, otherwise e
ramain and b in full toGes md v1sas IN LEW end
equiv