The Saline County journal. [volume] (Salina, Kan.) 1871-1893, 1873-08-21
d. Z. WAGSrAFY,
II. +. WOOLLEY,
>. ID. UOUsTON,
b. j. +. HANNA.
SUBMITTED AT THE ELECTION


The Republican. saiina and Arkansas Valley Rail-
way Company propose to the county Of Saline fol-
lows: To build, equip aud operate rst-class rail-
road, with guage common to the railroads of the
valley via the counties Of Cloud Ottawa saline anil
McPherson, in southerly direction. passing through
In consideration Of the above proposal the county
Of Saline, Of the counties named. agrees to sub
scribe one hundred and ffy thousand dollars 10 the
capital stock Of said company ani to issue I'm pay
menf therefor bonds % that amount payable thirty
seven per cent per anuurn, payable seTni-annually
the principal sud Interest i; the city OF New
York.
IT, af election to be held in said county OF Saline
to determine the question OF such subscription, and
the disposal Of the -tock be subscribed upon
vote, such election hall be found TO be
Of such Subscription and such disposal such sub
scription shall! be msie in the manner prescribed by
law. and bonds in the amount Of such sub eruption
shall prepared aad delivered to su h persons IN.
commissioners and said railway company shall
agree trustee; said bons be held by said trustee
until said line Of road Is complete, as follows: When
said company shall grade the road and put in the
shall be the duty OF said trustee, when said work is
thus completed AS stipulated to pay TO SAID company,
their assigns, the certificate Of the governor of
the state of such completion. the Of fty thousand
dollars Of such bonds held. cutting o the interest
bearing coupons TO the das fixed in the certificate OF
said governor Of the state, showing when SAID grading
and masonry were completed from the county line to
when o. be- delivered to tn, County treas
urer OF the county Of Saline for the disposal OF the
is. but shs hr sa mn, % sn r,is sa
completed the road that II be operated from tn.
south boundary line OF The county :" the town OF sa
pany, or It's assigns. when thus due, the further
Of my thousand dollars of such bonds; aud
tie remaining OF hfty thousand dollars TO b. de-
Iiyered saidcompaay, its assigns the compile
ton and operation the road through the said county
of Salie 'ut No bonds issued 10 said company shall
draw any interest PRIOR the date fixed in the crrth
cate Of the govern5-. determining tst said road has
been properly graded AID the masonry completed 10
the town of Salna which tate thus fixed shall BE-
date of accruing interest on he bonds. And II IN.
railway company deem il best To build from the town
Of Sana TO the northern boundary Of the cDu ty +,
rather than TO or from the sOuthe, boundary first
then this proposition shall be CONSTRUED ,t the said
company may build from salina north south, or
Sa!irn from north boundary the sonih boundary,
as deemed best by said company, and the payments
shall fall due in the same manner IS IL said road had
been built from the southern boundary Of the coun-
w.
pany shali be issued by said company to SAID county
Of Saline af the time specified the
eral instruments oil bosds by sad COMPANY. The
stock TO he subscribed to such company, upon its is
suance shall he placed the hands Of said trustee 10
be agreed upon Aforesaid, and sifll be delivered %
said railway Company, or IFS assigns, upon the follow
Ing conditions
In cons,lrra;io, of the completion Of said road
M r-h the county within thr'r years after the afr
the acc.l Of this proposition, and of the further
cons;Je o.; lie delivery IL the said bonds to said
trustee TO he mutually med by the company and the
county commissioners VI county Of saline, and oi
the further consideration Of the s,l nf one dolsr, e.
be paid by sIt company TO SAID c)a-ty - Saline: the
aforesaid. shall dispoee Of its shares in the c'pal
stock Of sail company 10 sad c.mpany. by assign
nent and sier of its certificate stock, issued As
heretofore provided: Prov ed further that ia c...
said company. ITS assignees. fail To complete
SAID road within the tire specified then such trustee
shall reurn such bonds t. the county treasurer of sa
line county uniess said county shall lit to extend
the time ior the completion OF said ROAD. And in
such bonds, part Of them thus forfeited To
the county y reason OF noa- performance Of salt com
,any Of lis agreement with the county snch forfeiture
shall be held and deemed to include both principal and
interest such bonds 50 forfeited.
WM. A. PHILLIPS,
Secretary =. 4. X. W. Co.