Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1871-08-31

ana on the agreement hereinafter
contained to be performed by the
said party of the second party, agrees
~ build. construct, iron and equip "a
Railroad from Portage City aforesaid
TO the city of Grand Rapids or vii
lage OF Centralia aforesaid, and to-
commence active operations on the
line thereof within ten days after the
issue of Bonds by sald County to the
amount of one hundred thousand dol
lars, ia exchange for an equal amount
Of the capital stock of said Railroad
Company, shall be authorized by tn"
required number of votes of said
County Of Wood as provided by
Chapter 2l0 Of the Private and Lo.
cal Laws Of the State of Wisconsin,
for the year A. ID. 1870, and to con,
tinuously prosecute the work Of
building and constructing of said
Railroad with all reasonable force
ana vigor until the VII Ne line thereof,
between said Portage City and the
city of Grand Rapids or the village
Of Centralia aforesaid, shall be con
strncted, and within the time herein
after stated. HOcide3 ho,cecer, that
the work of construction NAV be Sus-
pended for the time being while pre-
vented by or materially hindered by
frost or other natural causes beyond
the control Of man.
! Second. And the said party Of
the first part, agree to have thirty
miles of said Railroad graded ready
for the ties to be- laid thereon, on or
before the first day OF JanHary, 1872,
and to have the whole Of said Rail.
roa,, constructed and the ears run,
ming thereon over all the same, on or
before the first day of September, A.
d. 1872.
Third. And the said party of the
second part, in consideration of the
benefits to accrue to said County or
WOOD and to the taxpayers thereof
by reason of the construction Of said
Railroad, and in consideration of the
agreements Of the party Of the first
part herein contained, agree that in
case the required number of legal
voters of the County Of Wood shall
vote for issuing County Bonds as
provided by said Chapter 2lO, the
said County of Wood shall and will
issue and deliver to the said party of
the first part, its Bonds duly execut
ed in due and proper form to the
amount of one hundred thousand dol
lars in the aggregate, each bond to
he for one thousand dollars, and the
same to be be delivered in exchange
TOR an equal amount of certificates of
full paid capital stock of sand Railroad
Company. Said bonds shall, upon
the execution thereof, be placed in
the First National Bank of MiIwau
kec, Stale of Wisconsin, in escrow
70 he delivered to Tie said party of
the first part or its assigns as next
hereinafter specified, VIZ; The said
First National Bank shall deliver to
said party Of the first part oF TO its
authorized agent, twenty Thousand
dollars Of SAID Bonds first becoming
due and payable, when and as soon
AZ the said Railroad sha'! have been
ironed and equipped to within twenty
miles of the city of Grand Rapids or
village of CentraIia aforesaid, and
that fact shall be made to appear by
the certificate of the Engineer or Sn
perintendent Of said Railroad, which
certificate Shall be verified by the AFT
davit of said Engineer or Superinten
dent, and by the certificate under
oath Of two legal voters oi said Coun-
" IT Wood who shall also be free
holders thereof Such voters may be
appointed by the County Judge or
Court Commissioner of the said
County of Wood, or by the Juige t
the Seventh judicial Circuit, and if
every such officer refuse to make such
appol ntment, such voters may be ap
pointed hy the President of said Com
panv. but in the latter case no person
shall be appointed who then shall be
or Heretofore stall have been a stock
holder of sand Company, or who was
not irerholder during the year pre-
cecding the date OF such anpo'nt-
mcnt, and that duplicate copies OF
said certificates shall be filed with
the Clerk Of the Board of SupcryiS
ors OF sad Wood county, and witt
the said First National Bank of Nil
waukee ten days before the deliver,
ot said bonds, ard hall deliver To
said party of the first part twento
thousand dollars of said Bonds next
maturing upon he completion so that
the cars shall run thereon of each sue
ceeding five miles Of SAID Railroad,
and that fact shall be made 20 appear
By certificates az aforesaid, until the
whole amount of said Bonds shat he
? delivered. Said bonds shall be lith.
ographed or printed in the usual form
OF public securities, with interest
coupons attached, and shall Dear date
on before the first day of November
a. ID. 1871, and the principal thereof
shah be made payable in annual in.
>talIments, AZ folivws, that is to say
Ten Of said Bonds for one thduSand
dollars each shall be made payable in
ten years from the first day OF March,
A. ID. 1872, and ter Of said Bonds
for one th0uSaul ,lpll1rs each xLaU Nal