The weekly north Iowa times. [volume] (McGregor, Iowa) 1857-1867, 1858-04-14
Seeds for 1853.
Maulton CITY.

AS&0uAIO0 SAIy.
ARTICLES or AoREkMRNr BRrwR N PAUL. MORTON
CO., OF DECATUR, BURT COUNTY NEBRASKA TER.
kIroRY, AND THE SHAR. HoLDERS the MAUI.
TON CITY TOWN AND LAND COMPANY.
Article l. The company shall be organized on the
first Monday Of May, A. 1858 at the Office OF Casa
day Clark in Sioux City, Iowa.
Article 2. regular account shall be kept of the
OF Of
list OF said shareholders published MONTH in
the Sioux City Eagle. newspaper published in Sioux
Article 3. The Capital Stock of said town and land
company shall consist of four thousand of land
including the town site Of Maulton City, the description
ing had also to the diagram of eaid City.
Article 4. The said land shall be valued at fifty
thousand dollars which shall be divided into fifty
OF which shall be respectively i've hundred dollars and
two hundred and fifty dollars.
en- there shall be paid down in cash two-fths Of the
amount thereof AMI the balance shall be paid to Paul
Mourton & Co. or assigns in three equal annual pay
ment from the date thereof with interest at ten per
cent per annum. twenty-five per cent Of the said
two-fths shall be paid to the said Paul Morton Co..
Tor expense account and the balance shall be deposited
At interest, with such per. may be agreed on,
subject to the order Of tho Maulton City Town and
Land Company or to be returned the proper owner
I ssc 5. the
fifth Of the said twoifth TO it ten thousand dol
lars the said Maalton City Town and Land Company
shall be paid over to the said Paul, Morton Co. o.
thsir order.
Article g. In case the raid shareholders or any of
Paul, Morton Co. assigns, the amount with inter
est to be paid annually the said share shares or
parts thereof the same ON pre- entation OF the dup
cate contract, to the saulton City Town aud Land
Company after any Of said payments shall become
due shall be by them declared forfeited and Of e.
feet, and the said Town and Land Company shall be
said Paul, Morton Co. their assigns, new certa-
Gates for said forfeited share, hare, parts thereof
and from that time they, their assigns, sha be the
only true and lawful owners thereof Provided no
share shares or parts thereof thall DO Msseited
sore aid unless thirty days notice that affect be first
publ he'd In said Sioux City Eagle.
Article Each whole share hall be entitled to two
votes each half share to one vote aud may be repre-
scented IN Ier,on or BY proxy in writing in the man
Article 8. The .aid company shall not DO authoriz-
ed to asses or collect In any one year. more than ton
re
whereof to be given rs they may deem proper.
Article Al ihares or parts Of shares not taken At
belong to the said Paul, Morton Co., or their assigns
and shall be subject to the same liabilities other
shares.
Article H.. The said Paul, Morton & Co., bind them.
:eives their heirs. executor admin traitor and signs
to and with the several shareholders and with the sad
Nar'ton City Town and Land Company, when the
ssaie Is organized, In the penal Of thou aud
dollars per share aud at that rate for parts of hare
well and truly to DO made to them, their ad.
cation Is such however, that ii the said PAUL. oron
Co. or their Assigns shah we'll and truly perform all
and singular the things hereinafter set forth for them
to do aud perform, according to the intent and
meaning hereof and the organization OF the Maui.
ton City Town and Land Company convey to them in
trust Tor the shareholders Of said CONF any, their heir
sud assigns by good and sufficient warranty deed in
fec simple the following described pieces parcels OF
land situate in tho counties OF Sioux, Clay, and Palo
Alto, In the State Of Iowa, Wis:
For aulton City town lite re ar and fri hf of sec
T. 95 Il. A w. containing 46S l2 acre more or less;
also the Or OF rec the or Of s, the fri hf
OF the or OF 30 the or OF sec 81 T. 95 r. Il
also the hf OF Or II alo lot No. l. in rec
22 also the NV or &c rs al the hf 20 qr "a
also Of 70 % T. Oh Il 48 "; alo hf 70 or sec
II shfss greco u.s. hf Or and hf fri or sec 49,
also Or soc IS hf sw Or SO T. 95 h. q y; also
If NV Or sec 10 NV Or IL, hf Or 81. or
81 half 20, SO, X. II "; al or Of
sw IA seo ~, IL Sc Ia sec II T. o. IS W; alo
hfn II, and ne Or Of fri Or rec Is 90 43 all
aud Or sec Or Of Or and hf sw Or rec 8, e
hi NV Or and sw Or Of Or and or and nwqs ofnw
Or -, ne or and hf sw 49, T 05, IS "; all
In Clay county atore aid and also the or Of NV or
sec q hfne pr sec 81, Il "a "; all in Palo Alto
county afore uid containing In all four thou and
Of land moee or less. Provided aid town and land
company shall within year from said organization
donate the following blocks in said auiton City, for
the following purposes viz Block "a for church pur-
poses block AZ for court house block 10 for public
park block So for hotel block IS for asonic pur-
steam Grit will and block l06 for public school pur.
rles. On the performance OF the above conditions
~ the raid Paul norton Co. their assigns then
Ibis obligation to be null and void, otherwise to
remain aud b in full force aud virtue N Law and
equity.