The Superior times. [volume] (Superior, Wis.) 1870-1912, 1873-04-05
Published April /, 1878. |
CHAPTER 2S7.

Az Acr authorize the board of supervisors of Doug
las county to settle and compromise all matters OF
difference between said county and the Superior and
ST. Croix Railroad Company.
Iereaa The county Of Douglas did issue its bonds to
the Superior and St Croix Railroad Company to the
amount of three hundred and fifty thousand dollars
to aid in the construction of part Of tie line Of the
railway Of said company, and
| Whereas Said company has performed portion only
of the work on account of which said bonds were
issued, and is unable and has failed complete the
road according to its contract with said county
! now therefore,
The people of the State of Wisconsin represented in
| Senate and Assembly, do enact as follows:
Section l. 1t shall be lawful for the board of super
visors of Douglas county settle and compromise all
matters of difference and all claims and demands on
either part between the said county and the Superior
and ST. Crox railroad company, and for that purpose
to provide by agreement with said company for the
surrender bY the Of the bonds which have here
tofore been issued and delivered by said county to
said company except such Of said bonds as
the said company shall be allowed under such agree
ment to retain compensation for all part OF the
work aforesaid done by said company. And the
said board are also authorized in and by such settle
ment to provide for the surrender to said company Of
all any portion of the stock OF said company now
held and owned by said company, and to make COM
pete settlement Of all claims and demands OF either
party to such settlement against the other upon such
terms and conditions as the said board shall deem most
advantageous to said county and all bonds of said
county which, under such settlement shall be returned
and surrendered said county, shall thereupon and
thencefOrth be void and of no effect, and shall forth
with be burned under the direction of said board pro-
vided, that any settlement made under the provisions
of this act between said county and said company
shall be valid binding said county unless the
shall be ratified by vote of the electors of said
county voting upon the question of said settlement
hereinafter provided.
Sec >. Whenever the board of supervisors of said
county shall have negotiated and concluded any such
settlement, which shall have been reduced to writing
and signed by the parties thereto, then duplicate OF
such settlement in writing shall be filed with the coun-
ty clerk of said county, and shall be open to the IN
specon of all persons in said county, and thereafter
shall be lawful for the said board, any time within
year from and after the passage of this act by res
olution order that election be held in said coun-
y, at time in said resolution to be specified for the
purpose of voting upon the question of such settle
ent copies of which resolution shall be posted by the
sheriff of said county in five public places in said coun
y, al least one week prior to the time fixed in said
resolution for such election and shall be prior to
that time published in newspaper printed II said