Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1873-06-26
SPECIAL TOWN ELECTION.

The Chicago and Tomah Railroad company, reserv-
ing the right build railroad of three feet gauge,
submits TO the town of Lancaster, Grant County,
Wisconsin, the following proposition: That said town
Of Lancaster aid in the construction of said Railroad
BY subscribing for fifty thousand dollars Of the capital
stock of said Railroad Company, payment TO be made
as follows, One hundred dollars in money when this
agreement is mutually arrived at between said Town
and said Railroad Company, and three hundred dol
lars when "a careful preliminary survey has been com
pieted from Madison or Chicago to the village OF
Lancaster said payment to DO in money, and nine
thousand six hundred dollars to be paid in money
when said railroad company has completed its road
consecutively ready for the passage Of cars from the
city OF Madison, Wisconsin, to within half mile of
the court house in the town OF Lancaster. The
mainder be paid in bonds Of the said town of Lam
caster and be delivered to the said railroad company
and begin to draw interest when said railroad is
completed ready for the passage of cars without
change Of gauge from the city of Chicago, illinois, 20
within one half mile of the Court house in the town
OF Lancaster and to draw interest at per cent
per annum, and be payable principal and interest at
the banking house OF kyland and Holloway, IN the
village Of Lancaster The bonds shall be payable in
installments of ten thousand dollars each the first
when said railroad has been completed aforesaid
from Chicago to within one half mile of the Court
house in Lancaster; the second nstallment year
after the payment OF the first instament; the third
installment, two years thereafter and the fourth in
stament three years thereafter, provided that at
least ono year shall elapse between the last payment
In money Aforesaid and the first payment of bonds
aforesaid the depot 20 be established within half
mile the Court house in Lancaster The said bonds
of the town of Lancaster shall be placed in serow
said town whenever requested on reasonable notice
by said Chicago and Tomah Railroad company before
completion of said railroad aforesaid and in such
the banking company Of Ryand and Holloway, of
Lancaster in the county of Grant and state of Wis
consn shall be trustee In consideration of said sub.
scripton by said town Of Lancaster the said Chicago
and Tomah Railroad Company agrees TO deliver to said
town of Lancaster five hundred shares of its capital
stock the certificates therefor representing ia par val
ne fifty thousand dolaars; said certificates of stock 10
be delivered TO said town of Lancaster in nstaments
| at the time and in par value the same amounts
las he made by said IL said Raj
| Company.
In case such bonds are SO placed in escrow then the
said Chicago and Tomah Railroad Company agrees at
the time to place in custody Of said trustee
tifcates its capital stock in par value equal in
amount to the value of the bonds Of said town placed
as aforesaid in the custody of said trustee. And il
shall be the duty of said trustee to deliver said bonds
to the said Chicago and Tomah Railroad Company in
accordance with this agreement and to deliver at the
same time to said town Of Lancaster the said ertf-
of capital stock of the Chicago and Tomah Rail.
| road Company. D. r. WILLIAMS, President.
| WIN. D. CRooKE, Sec'Y c. Tomah r, II. Co.
| Dated June 9, 1873
1t therefore, by virtue aud authority of said Chan.
ter 49, Of the General Laws of the State of Wscon-
sin and as amended by Chapter 2S9 of the General
Town Clerk Is hereby directed to call special Election
by giving due notice thereof to the electors of the
Town vote upon tho question of granting such aid
and that such special election shall be called and he
at the Court House Saturday the 18th day of JuIy
1873, and that copy Of this orderond preamble shall
precede and accompany and be made part of the no.
4
and determined that the form of ballot to be usea AZ
such special election, which may be either written Or
printed or partly written and party printed
shall be- If in favor Of granting the aid proposed aFor
the Railroad Proposition" and if against il
the Railroad Propositions and that said special eIac
ton shall be conducted in all respects In the same
| manner as ordinary Town elections.
G. W. RYLAND, Ch'm'n.
| II. Ii. BoNHAM,
| WM. WALKER,
Supervisors
| Attest, X. Il. Mccoy, Town Clerk.
| COUNTY or GRANT, lss
| Town Of Lancaster. %
The electors of the town of Lancaster will hereby
take notice. that by virtue and authority of Chapter
1S2 Of the General Laws OF the State Of Wisconsin, ap
proved March 25th, 1872 and as amended by Chapter
2s9 Of the Laws Of 1873 aud by order aud di recton
| the Board of Supervisors of said Town, a Special
Election will be held Saturday, July 12th 1878
the Court Heuse in said town for the purpose ofvot-
ing upon the question of aiding in the construction
of the Chicago and Tomah Railroad by subscribing
| the stock Of said Company to the amount and upon
| the terms and conditions herenabove stated and
shat the poll of said election will be opened at o'clock
| A. NJ. and closedat 5 o'clock T. M. Of said day
RE. MCCOY,
Town Clerk.
Lancaster, Wis. June 10th, 1873 2w4