Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1873-07-03
SPECIAL TOWN ELECTION.

The Chicago and Tomah Railroad company, reserv-
ing the right to 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
stosh q saa 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 careful preliminary survey has been
peted from Madison Chicago to the village %
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 cars from the
city of Madison, Wisconsin, TO within half mile Of
the court house In the town of Lancaster The re-
mainder TO be paid in bonds Of the said town of Ian.
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, 10
within one haif mile Of the Court house in the town
OF Lancaster and to draw interest per cent
per annum, and be payable principal and interest at
the banking house Of Ryland and Holloway, Ia the
village OF Lancaster. The bonds shall be payable in
lnstallments OF ten thousand dollars each the first
when said railroad has been completed as aforesaid
from Chicago 10 within half mile of the Court
house Lancaster the second iustallment one wear
after the payment Of the first instalment the third
instalimsnt two years thereafter and the fourth in
StSument three years thereafter, provided that at
east one year shall eapse between the last payment
In money aforesaid and the first payment of bonds
aforesaid tue depot TO be established within one half
mile OF the Court house Lancaster. The said bonds
Of the town OF Lancaster shall be placed in scrow
by said town whenever requested on reasonable noti
by said Chicago and Tomah Railroad company before
the completion OF said railroad aforesaid and such
case the banking con pay OF Ryland and Holloway of
Lancaster, in the county of Grant state of Wis
consln, shall be trustee In consideration OF said sub
scrpton by said town Of Lancaster the said Chicago
and Tomah abroad Company agrees TO deliver to said
town of Lancaster five hundred shares OF its capital
stock the certificates therefor representing in par val
fifty thousand doaiars; said certificates of stock to
be delivered to said town of Lancaster in installments
at the time and in par value the same amounts
as the paymei made by said town to said Railroad
Company.
In case such bonds placed in escrow then the
said Chicago and Tomah Railroad Company agrees at
the time 10 place in custody of said trustee Ger
thoates OF its capital stock in par value equal III
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 ia
accordance with this agreement and deliver at the
same zine to said town Lancaster the said certif
OF capital stock Of the Chicago and Tomah Rail
road Company. ID. X. WILLIAMS, President.
| VIM. ID. CROOKE Sec'Y q. X Tomah X. X. Co.
| Dated June 9, 1879.
II Is therefore, By virtue and authority of said Chan
ter 49, Of the General Laws OF the State Of Wiscon
sin and as amended by Chapter 2S9 of the General
Laws Of 1873 Hereby ordered and determined that tho
Town Clerk hereby directed TO call a 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 and ht
at the Court House Saturday the 18th day of Jul
1873 and that copy OF this orderand preamble shall
precede and accompany and be made part of the no.
tice such special election Andt further ordered
and determined that the form Of ballot to be used at
such special election, which may be either written or
| printed partly written and partly printed
Shall be- if in favor Of granting the aid proposed "For
the Railroad Proposition and if against it against
the RI ilroad Proposition and that said special ec
| ton Shall be conducted in all respects In the same
| manner as ordinary Town elections,
| &. W. RYLAND ch'm'n,
y. Ii. BoNHAM,
VIM. WALKER,