Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1873-06-12
SPECIAL TOWN ELECTION.

The Chicago and Tomah Railroad company, raserv-
Ing the right to build railroad Of three feet gauge
submits to the tow of Lancaster, Grant County,
Wisconsin the following proposition That said town
OF Lancaster aid In tn 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 10 mutually arrived at between said Town
and said Railroad Company, and three hundred dol
lars when q careful preliminary survey has been
pleted from Madison or Chicago TO the village Of
Lancaster, said payment to be in money and nine
thousand six hundred dollars to be paid in money
when said railroad company has completed its road
consecutivey 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 re-
mainder 70 be paid Ia bonds OF the said town Of Ian
caster and DO 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, to
within one half mile of the Court house in the town
OF Lancaster and to draw interest seven per cent
per annum and be payable, principal and interest at
the banking house Of Ryland and Holloway, in the
village Of Lancaster. 9he bonds shall be payable In
instalments 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 nsta llment year
after the payment Of the first instament; the third
instament two years thereafter, and tho fourth in
stallment three years thereafter, provided that at
least Jesr shall elapse between the last payment
In money aforesaid and the first payment Of bonds
aforesaid the depot TO be established within half
mile Of the Court house in Lancaster. The said bonds
of the town Of Lancaster shall be placed in scrow
by said Chicago and Tomah Railroad company before
the completion of said railroad aforesaid and in such
case the banking company Of Ryand and Holloway of
Lancaster, in the county of Grant and state of Wis
eonsR shall be trustee In consideration of said SUBJ
scrption by said town Of Lancaster the said Chicago
and Tomah Railroad Company agrees to deliver said
town Of Lancaster i've hundred sh its capital
stock the certificates therefor representing in par val
ne fifty thousand doalars; said certificates OF stock to
be de vered TO said flown Of Lancaster ia nstamsns
at the same time and in par value the same amounts
as the paymeL Is made by said town to said Railroad
Company.
In 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 GER
tncatss OF its capital stock in par value equal in
amount TO the value of the bonds Of said town placed
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 deivs at the
,me TO said town Of Lane aster the said ceTtf
Gates Of capital stock Of the Chicago and Tomah Rail-
road Company. d. X. WILLIAMS, President.
WIN D. cRooxE, ssc'Y C. & Tomah R. Il Co.
Dated June 9, 1879.
1t is therefore, by virtue and authority OF said Chan
Ser lS2 OF the General Laws of the State of Wiscos
sin and as amended by Chapter 2S9 Of the General
Laws OF 1879 hereby ordered and determined that the
Town Clerk IL hereby directed TO call special Election
by giving due notice thereof to the electors Of the
Town to vote upon tho question of granting such aid
and that such special election shall be called aud hold
at the Court House Saturday the 18th day of July
1875 and that copy of this order nd preamble shall
preceds and accompany and be made part Of the no.
tee Of such special election. Andit is further
and determined that the form Of ballot to be used at
such special election, which may be either written
printed or partly written and partly printed
shall BE- II in favor Of granting the aid proposed For
the Railroad Proposition" and IL against it Against
the Railroad Propositon and that said special cleo
ton shall be conducted in all respects In the ,ama
manner as ordinary Town elections.
@. W. RYLAND, Ch'm'n,
Y. III. B0NHAM,
WIN. WALKER