The weekly north Iowa times. [volume] (McGregor, Iowa) 1857-1867, 1858-02-24
Maultou CITY.

ARTICLES OF AGREEMENT BETWEEN PAUL, MORTON
& CO., OF DECATUR, BURT COUNTY NEBRASKA TER.
TON CITY TOWN AND LAND COMPANY.
Article The COMPANY shall be oreapized IN the
first Monday of Nav A. o., ISIS at the Office of Casa
day 4 Corl; In Sion. city low, Wv 0N =. 0"'"
Article 2 A regular account sh.,, he kent of tbo
number of shares sold the amount Maid thereon and
the place of residence OF the several sarehodcr and
list of said shareholdcrs publ;shed once mont In
the Sioux Civ Eagle. q newspaper published in Stony
CITY. Iowa. f~N "
Article g. The Capital Stock Of said town md In nd
including the town site Of Mauon {itv tha de-
of which will more fully annear hereafter no
ine had also to the diagram of said City. -
Article 4 Tho s.;d IanJ shau ,,n yr.,,,., n. ee,
thou and dollar. which shall he Divided into Gr,y
whole shares and one bundled half share. tho vain.
Of which shall be respecyey five hundred dollars and
two lnndraS anJ 6,,v 5n,,.r., " N ~'"''' a"u
Article When a1v Share or INV, IF n shor, g. ..L
on there shall ho nai down IN cash .Gf,hs =, IN
amount thereof ana tho balance Shall he a;d =, p ,'
Mo,rton n 20 or ass;rns in three anraI pn",., on
mont from, tho do,a ,heronr With ;n,aras+ o. 49,. pas
cont nor ann,,m Twanty' 6va Sar c.nt ~ ~, ~
two-fths shall he paid to the said Paul Morton Co
for cxnense account and the balance shall hc
NJ ;ntarat ,.;.t .,, ,~ M 49, H. =. 10y
snh;oc, 10 t,s ar,ac ~ tha Man,tom .v "Srcua OH
Ia fea Oh 20 ne 20 tne proper owner
said twenty five ner cent hail niso -. r.tnn,,ad o
fifth of the sai twot;tts ITO II ten thou.and al
lar, ;, the aid Nnuton (itv Town and and Cnmnan,
shall exnend in mnravn aid Cx ana .o
sl,aii no mid over ta tho s.;S po"i No., & o.
thor order ~ ' ~ w. VI
Article II, c.so tho sa;a xh,-.h,,d.-, -, .,v -.
t,,en, si,, r,;l ~ nn,Io.. - n'ata nsu. ~. 80
paul Mortonx 70 ~ .;ns ,h .rra,n, LIN ~ ,.s ~
est to he maid annually on ths said share haras ~
nar.s thcraof tho same an ,rsonta,;on Of ,hn At
cate contract To tho vau,ton Civ Town and Tapnd
Comnany Alter amy If said noyments sh.,i Lcc"ma
dne shaii no Nv th.,,, T..iarad Eo-ro;fa snd ~ ~ s
feet and the sa;d Tow, and Land Comn.nv s,,ai, no
and arc herebv anthor;xeJ th.r.mnon tn issue IN tI
snid pan Merton 4 r. nv the,r ASSIGNS nav cort;n
Gates for said forfeited share ,hares ~ nnrts t,sreof
and from chat time they or their assigns shall, he the
onlv true and Iawfni owners thereof Provided no
aforesaid unless thirty DAYS notice To that affect 1
publ he'd in said sioux Civ Eagle.
Article Each whole share shall be entitled to two
votes each half share to one vote and NAV he rcnre
scnted in person or by nroxy IN writing in the
agement of the affairs of said company.
Article g. The said company shall not lie authoriz
I'd to assess or collect in any one year. more than ten
per cent on the amount of any one share or part OF
share for any purpose whatever reas enable notice
whereof to be given as they may deem proper.
Article o. All shares or parts Of shares not taken ut
at the time of the oragnizati. OF sad company shall
belong to the said Paul Morton Il Co., or their assigns
and shall lie subject to the same liabilities as other
shares
Article TO- The said Paul Morton K Co bind Them
selves their heirs executor. and assigns
and with the several shareholders and with the said
Maulton CITY Town and Land Company when the
same organized i'm the penal sum OF one Thousand
well and truly to be made to item their executors adj
mnisratOrs or assigns The condition of which obi
CATION il SUCH however that If the sad Paul Norton
Co. or their assigns shall well and truly perform all
and singular the things hereinafter set forth for them
to do and perform according to the true intent and