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

1871, progided, that the said Bonds
shall bear semi-annual interest from
and after the first day Of March 4 ID.
1872, and not before. Ind prorided
further, That if the said patty Of the
first part shall not be entitled to the
delivery of any portion Of said Bonds
until after the first day Of March A.
d. 1872, then the said party Of the
second part shall not pay interest on
such portion until from and after the
party OF The first part be entitled to
the delivery Of the same according to
1 the terms of this agreement, and IN
that case the interest coupons OF snf'
/ ficicnt amount to cover the interest
mp To the time, when the party of the
first part shall be entitled to the de-
livery OF such portion Of said Bonds,
shall be cancelled before the delivery |
thereof. or said interest may be 9th. |
erwise adjusted by the parties hereto.
/ md prorided further, That if the
issue of said Bonds shall not be au-
thorizcd ~ the required number of
legal voters o. the said County of
Wood, prior to the 18th day of Sep.
tember, A. d. 1871, the said party of
the first part shall have the right toI
declare this agreement annuIled ard
abrooatcd and may cancel and abro-
gate the same by giving verbal or
written notice TO at effect 20 the
said party of the second part
Fourth And the said party Of the
first part agrees that on the first day
of November A. ID. 1871, and upon
the placing by said party Of the sec.
on1 part, Of the Bonds to the amount
of one hundred thousand dollars. in
escrow, as hereinbcfore provided, the
said party the first part will issue to
: the said party Of the second part,
certificates of full paid stock of the
Madison & Portage Railroad Com
} panv to the amount in the aggregate
of one hundred thousand dollars, said
certificates to be for one thousand
t dollars each, and to be in the form
use by SAID Company, and duly cx.
: ecuted, and said certificates shall be
placed in the said First National
! Bank Of the city of Milwaukee, in cs-
crow. to be delivered to the said
party Of the second part by sand
: Bank. from tune to time, as the said
: Bonds shall be delivered as afore.
said, and in equal amounts until the
whole thereof shall be delivered
Toc1ed however, That said certiti.
; Gates shall not be delivered by said
Bank prior to the delivery Of sand
, Bonds.
Fifth. And it il further mutually
; agreed by and between the parties
f hereto, tina; the said Bonds, nno the
said certificates, may be deposited in
! the office of the Secretary OF the State
for the State of Wisconsin, instead
of wit the First National Bank of
Milwaukee aforesaid, if both parties
hereto shall by an endorsement here
on, signed by them respectively, so
agree, and in case the same shall be
deposited with said Secretary of
State, then he, the said Secretary of
state, shall do and perform in the
promises what is hcrejnbctore de-
VOWED upon the said Bank of Mil
Yankee
Sixth And it is further agreed
herein, that in case the party Of the
first part shall fail to perform its
agreements or any part thereof as
provided herein to be performed by
sand party of the first part, then the
said party of the second part, shall
have the night to declare this agree.
ment abrogated aud void, and all
rights of the party Of the first part
hereunder forfeited.
seventh. 1t is the true meaning
and intent Of this agreement, 20 cor.
form as fast as may be to the provi.
ions and intent Of said Chapter 2l0
of said Private and Local Law,
aforesaid, and the same shall be
construed with reference to said act,
and shall be construed and held il
all courts and places to contam all
the conditions and provisions rcquir.
ed 10y the said act, so that the res
pectlye parties hereto upon the prop.
or performance of their respective
agreements tG be performed shall 70,
ccive the Bonds and certificates res
pectvely to the amount hcreinbcfore
specified.
In witness whereof the said party
of the first part, by James Campbell.
ITS President, aud Aldcn ;. Sauborn
rs Secretary, and the said party of
the second part 10y Joseph Wood, the
President, and Emanuel Du,ruit, the
Secretary of sand Board Of Commits.
~ioner>, have signed and courtrrsign.
ed this agreement the day and year
r lirsl above written.
. JAMES CAMPBELL.
p Prrs't VI 4 L. K. Il. Co.
ALDEN s, SANBORN,
, Sec'y NJ, Il F. X Il. Co.
t JOSEPH WOOD,
& Pre~'t BID Il. Il Com Go. of Wood.