The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1858-05-27
10 the voters OF wapelIo Co., Town,

Whereas, by a vote of the people OF
said Wapello County taken the 23d day of Septem-
Der, A. d. 1853, provided by law in such cases, the
said County subscribed for and became entitled to
ceye One Thousand Shares of Stock in the Burlington
and Missouri River Rail Road, payment for which to
be secured by equal amount, to-wit: One Hundred
Thousand Dollars of the bonds of said County edeem
able in twenty years from date of ISSUE and drawing
interest the rate Of eight per cent per 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 and the remaining fifteen thousand dollars of
which have been disposed of, by the said company
And whereas it is represented to me by the Vice
President and one of the Directors of the said
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 AID win remain unavail
able for the of said company because of the inter-
thereon being the of eight instead Of ten
per cent per annum To remedy which the said COM
pany ask have the county modify its subscription
to decrease the amount of principal, to be paid
by said county, seventeen thousand dollars with
responding reduction of of stock to be recev
ed by the said county, and to increase the rate of in
eres the said bonds Of the county, to ten per cent
aforesaid whereby the whole amount of interest
be paid by the said county, will remain at present
while the principal and stock only will be reduced in
amount. And whereas by an article of agreement
made and entered into by and between the Secretary
of said company, and Slas Osborn, County Judge of
said Wapeo county, on the Goth day Of March, A. d.
1854, it agreed between the contracting parties
that the stock to which said county became entitled
by reason of its said subscription, should remain in
the hands of Trustee for the period of twenty years.
And whereas it is proposed by the said company that
if the said road is not completed to the city of Otum-
wa, by before the first day of October A. D. 1859
that said company will forfeit the said county subscrp
ton. Now therefore that the said company may re-
ceve the full benefit Of the said county subscription
and the county be relieved from the loss, and embar-
rassment which would result its interests
by having control Of said stock for said or any
other period of time, well be relieved from its
subscription, should said company fail to finish said
road to the city Of Ottumwa 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 and within the hours prescrb
ed by law, Monday the 2Sth day of June A. d. 1885,
to determine the pleasure Of the people said county
on the proposed change follows, to-wit: LIST The
original contract to be rescnded and the said company
to return to the County Judge of said county, bonds
OF the said county, issued aforesaid to the
Of Fifteen Thousand dollars being the now re-
manning in the hands Of said company I'd The coun-
ty Judge Of said County to issue to said Company
bonds to the amount of Sixty-eight thousand dollars
bearing not than ten per interest per annum
when the said Road shall be completed to Oumwa and
the first train Of cars to that point Provided that
the same shall be consummated before the first
day Of October, AID. 1859, otherwise the said SUBJ
scription shall be forfeited and the said Bonds is
sued at all. 81. Upon the issueng and delivery of
said bonds said company shall deliver to the County
Judge of said County, Eightythree thousand dollars
worth of stock in said road be disposed Of as said
County may direct The ballots either printed or
written shall be
For the Change
Against the Change.