The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1858-06-03
10 the Voters of 'xvapelIo Co, iowa,

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| #.a . Whereds, by a vote of the people of
said Wapelo County taken the 23d day of septem-
ber A. ID. 1853, provided by law in such cases. the
said County subscribed for and became entitled to re-
ceive One Thousand Shares of stock in the Burlington
and Missouri River Rail Road, payment for which to
be secured by an equal amount, towit: One Hundred
Thousand Dollars of the bonds of said County redeem
able in twenty years from date of ISSUE and drawing
interest at the rate Of eight per per annum And
whereas the Judge of said Wapello County on the 10th
day of January A. d. 1855 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 Wee
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 now pro-
pose to return, have become and will remain unava
able for the of said company because of the inter
est thereon being at the eight instead of ten
per cent per annum To remedy which the said CON-
pany ask to have the county modify its subscription
rs to decrease the amount of principal to be paid
by said county, seventeen thousand dollars with cor
responding reduction amount of stock to be rcceiy
ed by the said county, and to increase the rate of in
terest on the said bonds of the county, to ten per cent
as aforesdid whereby the whole of interest to
be paid by the said county, will remain as 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 silas Osborn, County Judge of
said Wapello county, on the 29h day of March, A. d.
iooi 1t was 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 il Is proposed by the said company that
IL the said road is not completed to the city of Otu
wa by or before the first day OF October A. D. 1852
that said company will forfeit the said county subscrip
ton. Now therefore that the said company may re.
cevc the full benefit of the said county subscription
and the county be relieved from the loss and embar
rassment which would result to its interests
by not having control OF said stock for said or any
other period of time as well as be relieved from its
subscription, should said company fail to finish said
road to the city of 0ttumwa by the LIST day Of Octo
Der A. d. 1850:
the county Judge of said county by authority in !
me vested by the laws Of the State and for the pur
poses aforesaid do hereby order election be held
at the usual places of holding elections In the several
townships in said county and within the hours rescrib
ed by law, on Monday the 2Sth day of June A. D. 1855
to determine the pleasure Of the people of said county
on the proposed change as follows to-wt: LIST The
original contract to be rescnded an 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 now re-
maningin the hands of said company. I'd. The coun-
ty Judge Of said County to issue to said Company
bonds to the amount of Sixtyeght thousand dollars
bearing not more than ten per interest per annum
when the said Road shall be completed Ottumwa and
the first train of cars run to that point Provided that
the same shall be consummated or before the first
day Of October, A. d. 1859, otherwise, the said SUBJ
scrpton shall be forfeited and the said Bonds not is
sued at ALL 3d. Upon the issucing 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 to be disposed of as said
County may direct. The ballots either printed or
written shall be ....