The weekly north Iowa times. [volume] (McGregor, Iowa) 1857-1867, 1858-05-05
Maulton CITY.

ARTICLES OF AGREEMENT BkrwE PAUL. MORTON
CO.. OF DECATUR, BURT Comfy NEBRASKA TER.
RIToRY, AND The SHAREHOLDERS The MAUI.
TON CITY TOWN AND LAND COMPANY.
Article l. The conn any shall be organized on the
hr, Monday OF May, A. D 1858 ut the office OF Casa
day q Clark in Sioux City, Iowa
Article 2. regular account shall he kept OF the
number of shares sold the paid thereon and
the place of residence OF the several Shareholder
list OF said shareholders published once month"; in
tbs Sioux City Eagle newspaper published in Sioux
City, Iowa. ..- .. ..s.
Article g. The Capital Stock of said town and land
company shall consist Of four thousand acres of land
including the town site OF Mauton CITY, the de criptin
Of which will more fully appear hereafter reference be
ing had also to the diagram OF sad City.
Article l. The said land shall be valued at fifty
thousand dollars which shall be divided into fifty
whole shares and one hundred half shares; the value
of which shall DO respectively five hundred dollars and
two hundred and fifty dollars.
Article 5. When any share part Of . shave Is TAX
en- there shall be paid down in cash twofhs Of the
amount thereof and the balance shall be paid Paul
Mourton 4 Co., assigns. in three equal annual pay
ment from the date thereof With interest at ten pei
cent. per annum Twenty-Five per cent Of the said
two-ffths shall be paid to the said Paul Morton & Co.,
for expense account and the balance shall be deposited
at interest," with such persons may be agreed on,
subject to the order Of the Maulton City Town and
Land Company, to be returned to the proper owner
on failure to organize said company in which the
said twenty-five per cent shall also be refunded Ono
fifth Of the said twoffth, Ito wit ten thousand dol
shall cxpend in improving said City, aud the balance
shall be paid over to the said Paul, Morton Co. or
their order.
ArcIe o. an Gaze inc sad tnaIehodors or any o.
n'' , ,. .A'. VI nesHee 70 n"hc P"yMeu. 70 Auu
-. W" aosson y w. =. assisn, 'he amount ",m inter
" us pau ~, "nuaa's o my fnu snare mares OF
TO-. " .. 'e .I nie on T ol tIe uuPl,
C GOV. wun.i"..: 80 W.. sau.9n Dy Town ana Llo
So,npany aiter any =, saM pay menus shaii become
t. nM .h o =. ga nm r a i LEU anu " ~ a..
~, ~ mI Wv e"u aoMn a'u La,iu COMPANY shnI' DC
aua a DR. n .er autnoeu .nereuPon 10 issue 10 me
an a., Mor.o , 20 OF 'ner aShs nc" certi-
'a s ~. .h. t H., ne, VI paris tnei.oi,
n, tr .". LA " It,s ~ VIC. "ssss' ns: pe .ne
h.yvo shros ar Mt. t%asasr aham 1870. ~
r;h , .hp;. se 80. s" =. ", 80 1890 -
hi; M =; "a s;y Gs r, W VIM "eo' pe "rs'
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sn.;a'. 'n ., ai Hn;s .. sn'a eoipnny
"a - net =; S sua., no. DC au.nona
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.a Ia LII ~ ~ VIC 49,. " G oi .he'I aSs'Sus,
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a" r. .i =. a. , n" . ".. ~ ps -. sn"ies'
;n; "a ~ :" Th to nm,an ~ I;c al;
eaten T. sch howaxor hat ~ .ha .;a p,"i Mor.n
h 90 .I; ; In IN. Iii VIC a ., aa,, -, u.'o m
,, "a ; Va Inr -. t1 80. -. .har
81 .e A, ..s 'ss =. - =, so 49,. ~ -,