The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1858-06-17
NO.25
To the Voters Of WupellO Co., Iowa,

To the Voters OF WupellO Co.. IOWA,
Whereas, by a vote of the people of
said wapello County taken the 23d day of Septem
ber A. D. 1885, provided by law in such cases, the
said County subscribed for and became entitled to
ceve One Thousand Shares 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 redeem
able in twenty years from date Of issue and drawing
interest at the of eight per cent per annum. And
whereas the Judge of said Wapeo 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 Of the Directors OF the said COM
pany 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 unavail
able for the Of said company because of the inter-
est thereon being the rate of eight instead of ten
per cent per annum. To remedy which the said COM
pany ask to have the county modify Its subscription
as to decrease the amount of principal to be paid
by said county, seventeen thousand dollars with
responding reduction of of stock to be receiv-
ed by the said county, and to increase the rate Of in
terest on the sadbonds Of the county, to ten per
aforesaid whereby the whole amount 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 into by and between the Secretary
of said company, and Sias Osborn, County Judge Of
said wapello county, the goth day Of March, AID.
1854 It 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 1t is proposed by the said company that
if the said road is not completed to the city of Oum-
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-
ceiye 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 any
other period Of time, well be relieved from its
subscription, should said company fail to finish said
road to the city Of Otunwa 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 be held
the usual places of holding elections in the several
townships in said county and within the hours prescrib
ed by law on Monday the 2sth day of June A. d. 1885,
to determine the pleasure of the people of said county
on the proposed change follows, towit: 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
of Fifteen Thousand dollars being the amount re-
naming in the hands of said company. "a. The coun-
ty Judge of said County to issue to said Company,
bonds TO the amount Of Sxty-eigt thousand dollars
bearing than ten per cent interest per
when the said Road shall be coapletedt TO Ottumwa and
the first train of to that point Provided, that
the same shall be contaminated before the first
day of October, A. d. 1852 otherwise the said SUBJ
scription shall be forfeited and the said Bonds is
sued at all. 3d. Upon the issueng and delivery of
said bonds said company shall deliver to the County
Judge Of said County, Eghty-three thousand dollars
worth of stock in said road to be disposed of said
County may direct. The ballots either printed
written shall be