The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1858-06-10
NO.24:
10 the voters Of wnpe lilo Co., Iowa,


Whereas, by a vote of the people OF
said wapelo County taken on the 23d day of Septem-
ber A. d. 1885, MS provided by law in such cases, the
said County subscribed for and became entitled to
ceve One Thousand Shares Of Stock in the Burlington
and Missouri River Rail Road, payment for which to
be secured by an equal amount, to-wit One Hundred
Thousand Dollars of the bonds Of said County redeem
able in twenty years date Of issue, and drawing
interest at the Of eight per cent annum. And
whereas the Judge Of said Wapello County the 18th
day of January A. d. 1885, issued to said Company the
sum of Thirty Tousand Dollars Of the said County
bonds Fifteen thousand dollars Of which remain In
hands Of the remaining fifteen thousand dollars Of
which have beer disposed Of by the said company
And whereas 1t is now represented to me by the Vice
President and Of the Directors Of the said COM
pany that the balance Of the said bonds including the
fifteen Thousand dollars remaining in the hands Of
said company, and which the said company pro-
pose to return, have become and will remain unavail
able for the of said company because Of the inter-
est being at the rate Of eight instead ten
per cent per annum. To remedy which the said
pany ask to have the county dy its subscription
as to decrease the amount Of principal, to be paid
by said county, seventeen thousand dollars with cor
responding reduction of amount Of stock to receiv-
ed by said county, and to increase the Of In!
terest the said bonds Of the county, to ten per cent
as azores .id whereby the whole amount of interest to
be paid by the said county, will remain rs at present
while the principal and stock only win be reduced in
amount. And whereas, by an article Of agreement
made and entered into by and between the Secretary
of said company and Silas Osborn, County Judge OF
said wapello county, the Goth day Of March, AID.
tS54 it was agreed between the contracting parties
that the stock to which said county became entitled
by reason of its said subscriptions should remain i'm
the hands of Trustee for the period of twenty years
And whereas IL is proposed by the said company that
If the said road is completed to the city OF Otum-
wa by before the first day Of October A. D. 1884,
that said company will forfeit the said county subscrip-
ton. Now therefore that the said company may
ceiye the full benefit Of the said county subscriptions
and the county be relieved from the loss and emtaf-
rassent which would necessarily result its interests
by not having control OF said stock for said any
other period of time, well as he relieved from its
subscription should said company fail to finish said
road to the city Of O'umwa by the LIST day Of Octo-
Der A. d. 1859:
the county Judge of said county by authority in
vested by the laws Of the state and for the pur
poses aforesaid do hereby order election to be held
at the usual places Of holding elections in the several
townships in said county within the hours prescribe
ed by law, Monday the 2Sh day of June A. d. 1885,
determine the pleasure the people said county
on the proposed change follows, to-wt LIST The
original contract to be rescinded and the said company
to return to the County Judge OF said county, bonds
Of the said county, issued aforesaid to the amount
of Fifteen Thousand dollars being the amount re-
naming In the hands Of said company. 21. The coun-
ty Judge of said County TO Issue to said Company,
bonds to the amount Of Svty-eght tho'pana dollars
bearing than per cent interest per annurn
when the said Road shall be coapleted to Ottumwa ind
the first train Of cars to that point Provided that
the shall he consnmuated before the first
day of October, A. ID. 1882 otherwise. the said sub
scrption shall be forfeited and the said Bonds not is
sued at all 81. Upon the ssueing and delivery OF
said bonds said company shall deliver to the County
Judge Of said County, Eighty three thousand dollars
worth Of stock in said road to be disposed Of sail
County may direct. The ballots either printed or
written shall be ..-