Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1871-09-07

part in consideration Of the promises
and of the agreement hereinafter
contained to be performed by the
said party of the second party, agrees
To build, construct, iron and equip "a
Railroad from Portage City aforesaid
to the city of Grand Rapids or vii
iage OF Centralia aforesaid, and to
commence active operations on the
line thereof within ten days after the
Issue Of Bonds by SAID County to the
amount Of one hundred thousand dol.
lars, in exchange for an equal amount
Of the capital stock Of said Railroad
Company, shall be authorized by the
required number Of votes Of said
County of Wood as provided by
Chapter 2lo OF the Private and Lo.
cal Laws Of the State Of Wisconsin,
for the year a. d. 1870, and to con.
tiuuousIy prosecute the work OF
building and constructing Of said
Railroad with all reasonable force
and yimor until the whole 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. Ir0ridfd hoarerer, that
the work of construction may be sus-
pended for the time being while pre-.
vented by or materially hindcred 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 OF
before the first day Of January, 1872,
and to have the whole of said Rail.
road constructed and the cars run.
ming thereon over all the same, on OF
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 o.
| WOOD and to the tax payers 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 lega
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 t.
be for one thousand dollars, and the
same to be be delivered in exchange
for an equal amount OF certificates Of
fun paid capital stock Of said Railroad
Company. Said bonds shall, upon
the execution thereof, be Placed in
the First National Bank Of Milwau
kcc, State of Wisconsin, in escrow
10 be 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 or to its
authorized agent, twenty thousand
dollars Of sand Bonds first becoming
due and payable, when and as soon
rs the said Railroad sha.! have been
ironed and equipped to within twenty
miles of the city of Grand Rapids or
village of CcntraIla aforesaid, aud
that fact shall be made to appear by
the certificate of the Engineer or ,Su
pcrin,cudent of said Railroad, which
certificate shall be verified by the aft
dayit Of said Engineer or Supcrinteu
dent, and by the certificate under
oath of two legal voters Oh sad Coun,
ty of Wood who shall also be free.
holders thereof Such voters may be
appointed by the County Judge or
a Court Commissioner Of the said
County of Wood, or by the judge OF
the seventh Judicial Circuit, and it
every such officer refuse to make such
appointment, such voters may be ap.
pointed Toy the President Of said Com
ranN. but III the latter case no person
Shall he appointed who then shall br
| or heretofore shall have been a stock
holder of sand Company, or who was
not n lrceholder during the year pre-
| Cccdmg the date OF such appoint,
mcut, and that duplicate copies OF
said certificates shall be filed with
the Ccrl< Of the Board of SnpcryiS
ors of sand Wood county, and wlh
! the said FIRST National Bank of Nil
waukce ten days before the delivery
OF said bonds, and Shall deliver t,
said party of the first part twent,
Thousand dollars of said Bonds next
maturing upon the completion so that
the ears shall run thereon of each sue
ccedng five miles of said Railroad
and that fact shall be made 10 appca,
10y certificates As aforesaid, until The
whole amount of sand Bonds shall T.,
delivered. SAID bonds shall be Gth
ographcd or printed III the usual form
Of public securities, with intcrcs
coupons attached, and shall bear dat,
ON before the first day of November
\ u. 1871, and the principal thcreo
| >ha" he made payable in annual in
>tallmcnts, as follows, that is To say
Ten ct said Bonds for one thouSau,