The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1871-03-04
REGULAR MEETING,

", L.
Present-Mayor Jones, and Alderman Fiske,
Nette, Lynch, Freeman, Duffy, Clifford, Osmap.
Nc Ginnis. Burke, Bosserman and skinner.
On motion OF Alderman Lynch the reading OF
the minutes OF last meeting was dispensed with.
Communication of the Ottawa MANUFACTURING
Company in reference to the improvement of the
water power within the Town OF Ottawa and bonds
proposed to be given for the performance of the
work as per contract, were presented and on m
ton ct Lynch, received.
Alderman Osman presented and NOV ed the adop.
| ton Of the following order, which was carried
Ayes-Lynch, Freeman. Duffy, Clifford, Osman,
McGinnls. Burke, Bosserman and Skinner-9.
NoeS-Fiske and Nette.
| Ordered, that the bonds of the city Of Ottawa,
authorized by an ordinance of SAID city passed the
10Th day OF April, A. D., 1870, to the amount of
| $4,000 be issued aud delivered by the Mayor to
| the Treasurer Of the Ottawa MANUFACTURING Com.
pany, upon the delivery by said Treasurer to the
| city OF the $4,000 interest coupons. maturing Au.
gust End, 1870, issued under an ordinance or the
city, passed the ed day Of June, 1869, together
with the bond made by the Ottawa Manufactur.
| 600, and binding said company to construct Jams
| across the Illinois and Fox Rivers. with race
| connecting the pools of the same, duly executed
| and stamped. and that said bond when so execu
ted. stamped and delivered, be approved Pro-
vided that nothing herein contained shall be so
construed as TO in any wise impair the rights Of
the city under its contract with William H w.
Cushman, in regard to the construction of said
OamS ana race, or release him from hAnility IN
the city under said contract
Alderman Lynch submitted the following pre-.
ambe and resolution, which his motion were
| adopted:
Whereas The Town of Ottawa has subscribed
$3.50 600 to the stock Of the Ottawa O,vepo PoY
River Valley r. Il. Co. and issued its bonds. bear
in. ten per cent interest fer the same
And whereas, The affairs Of said r. r. Co. have
been conducted In such manner as 10 leave the
people utterly ignorant Of the condition Of their
interest in said Railroad. Therefore,
Resolved, That the city Attorney is hereby in.
structed to obtain full and positive information on
the following points, and report to next nee ting
of the council:
LIST. The number and names Of the charter mem.
bers Of the Ottawa. Oswego Is +. x. V. r. X. Co.
I'd. The na'nes OF the towns and cities which
subscribed to the stock of said K. r., and the
nmonnt OF stock subscribed by each
3D. The names OF individual stockholders and
the amount OF stock subscribed and paid in by ucb
4th, The names Of the directors appointed Lv
the governor provided by law, to represe mt
towns and cities subscribing TO stock in the board
OF directors OF SAID K. Il. Gu.
9TH The actual necessary cost of said r. r.
5ih. The amount of money raised bv subscrip.
tiUn 10 stock and otherwise.
It'll Whether the directors representing said r.
Il. Co.. who leased said L, t. to the Chicago, Bur
liugton K Quincy r. r. were dulv elected and
legally authorized to execute such lease
oth. The terms and condition of said lease
eth. Whether tGs affairs Of the corporation
known AS the Ottawa, Oswego 4 Fox River Valley
Il. H. CO., have been conducted since its organiza.
ton with due regard to the interests Of the
towns and cities which have subscribed 10 the
stock of the same.
Resignation of Alderman Hutton from seventh
ward was presented and on motion OF Skinner, &C.
Ccpted.
On motion Of Lynch, ordered that an election
for Alderman in the fourth ward to supply the VA
canCv OCcasiOned by the resignation of Alderman
Soren, also Tor Alderman IN the seventh ward to
supply the vacancy occasloHed by the resignation
Of Alderman Hutton, be held on Monday, March
10th, 1870, the time set for municipal election.
Alderman Skinner moved that clerk be directed
to issue orders to the parties who had paid the
scssmentS made for the construction Of Spring
street sidewalk, for the amounts paid by each re.
speciycy.
Motion Lynch, TO refer to committee on finance
for report to council u, next meeting was carried
Bill OIL. l.. Mead for court costs, amounting to
SH.72, was ordered paid.
Adjourned to Tuesday, March -th 1871.
i. ~ WATERMAN CITY Clerk