Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1874-07-09

III the GOWN vi Mlllelal 1Olnt, Aprll
7th, 1874, a resolution was passed
instructing the town clerk to copy
the resolutions passed by the Town
Board of Supervisors relating to the
payment made on the town railroad
indebtedness and have them pub
lished, together with the statements
of Messrs. Henry ~ Smith, four sue
cessive weeks in the Mineral Point
TRIBUNE and National Democrat.
Supervisors Office, Town OF Mineral Point,
April 10Th, 1878.
On motion it was resolved that in pursu
anee of chapter III of the general laws of
1878, cntit ed an act to an horize he town of
Mineral Point TO settle and compromise It's
railroad and hord indebtedness.
The following named persons be md they
sire hereby appointed as the railroad bond
committee created and provided for by sec
ton nnmbcr2 Of said act, viz; Harker Spens
ley, William II. Phillips, John Cullen and
james james.
The following proposition to compromise
ard settle the claims for railroad indebtedness
was then presented hy VIM I, Henry, to-wt:
Mineral Point, Wis, April 23d, 1874
Gentlemen The undersigned, being the
owner Of the following claims for railroad in
debted ess, based and founded upon bond,
heretofore ISSUED to aid in the Anslruclion of
the Mineral Point Railroad u authoriv OF
the act approved March %, 1858, does hereby
propose and agree, in pursuance of the laws
OF said State passed in a. ID. 1873, to settle
and compromise said below claims upon the
terms below stated, viz:
Judgments in the United States Circuit
Court for the western district of Wisconsin in
favor Of Frederick A. Keep and Hattie j
johnson vs.. the Town of Mineral Point.
Judgments rendered February 25th, 1872,
and based on bonds Nos l0l to 10 inclusive
for 800 e'ch, due October LIST, 1870, and 2l0
coupons for $50 each
Ten bonds - each. 5000 on
Seven per cent. interest AFT due, sal Is
Two hundred and ten coupons, go eech, 5000 90
Seven per cent interest coupons after due 2l7l IS
Costs Oh SUITS. Il ~
Amount of judgments, sla2>s y
Seven per mt on he same for moaths, 143 SO
Total amount due April sd, 1913. si2i3 As
Also bonds Ms. 1t to 100 being ten bonds
for s5uo each $4,000 90
Seven per cent interest for Q yrs.
mon las aud ~ DAYS after due. 500 50
Coupons on same bonds from october list
1861 Inclusive, 10 coupons $50 each, 1900 90
sl00s6 80
Amount on judgments brought down. sl243l SO
Amount due on bonds brought down, 1906 80
Seven per ent Interest cospous after
due to date. 2224 55
s24752 81
For which the subscriber proposes to take
in full payment the suui Of ten thousand five
hundred and four dollars (SlO, 800 in cash, the
amount paid Toy Iile therefor
WI T. HENRY.
Thercupon ON motion it was ordered that
SAID proposal be and is hereby accepted, and
that the portion OF said Indebtedness belong
ing to said town ui Mineral Point to pay
amounting to four thousand two hundred d
TWENTY-FIVE dollars and sevcnty five cents 81,
10 '3l be paid as soon rs possible, with ten
per cent, interest from the 18th dsy of April,
1873. All the supervisors vpling therefor.
Signed. JAMES SPENSLEY,
SIMON WATERS,
JOSEPH BENNETT.
Supervisors Office, Town of Mineral Point,
March 3lst, 1874
The following statements having been pre-
sented by Mco,rs, Henry Il Smith, attorneys
Tor the ely and town of MincraI Point, it was
ordered hat SAID statements be recorded with
the minutes OF this meeting, to.wit:
Mineral Point, Wis, Aug II, 1878.
Statement ot settlement for % bond, OF the
Town OF Mineral Point settled for his day
and the 9TH instant with Hiram a Burt, of
Marquette, Michigan, 10y Henry x smith, at
torneys for and in behalf of The city and own
Mineral Point VIZ: August 9th, settled for
four bonds, Nos. 81, 50, So and 81, each 800
due October lst, 1870, and each bond having
coupons for so each al ached thereto
Pour bond, $500 each 10000 os
per cent. mte est after due to August LIST
1913, years and L. months 80 sc.
four coupons 40 eacn, due Oct. lv, 1869, 50 90
per c.ut, int res, after due 10 August Isl.
1873 years aud 10 mouths, 81 46
four coupons 80 each, due April ist 1870, 50 90
per ceut. interest sfer due to August lst
lSi3, years and months, IL nc
Your coupons 80 zach due oct. l.t 1870 50 W
per cent. iuttrest after due to August list,
1913, years and 10 mouths Is 81
5000 70
Amount paid 'ugrs', 5th. 1878, at 80 per
eent. one.haIfis, sl8i6 80
10 DO DIS 50 " each, Nos IS 90 inclusive 5000 90
per cent. interest aiter due TO August ST.
:. rs 2ytars AID 10 months, 1888 81
IL coupons S2d each due ci st 1862 32g Ga
per ceut Interest after due 70 August lst
lNl3, ears ana mouth S. s6
Iocoupons ~ each, due April ist 1870, 800 90
per cent. interest after due to August ST.
1913. wears and months II 81
~ coupons $50 each, uc oct LIST, 1870, $40 %
per cent, interest after due 10 August lst
1913, years and 10 months, 3 IL
,..o slC,77o g.
A. 'V per cent or one halfis, $3.50 %
per cent, Interest Tor IL days since
August lat, ls73, 1917
s. 3lG 10
Add The amount paid August 9th. 1873, for
the ! bonds 18iG Y9
Add per cent. for exchange in New York II 90
500 IS
by agreement Mr. Burt paid express charges
on the bonds and We were to pay exchange.
Chy's share at % 77.lOo per cent il s4oin II
Towns share II 40 2j-ioy per cent. is no %
50, $50 Az
The money was furnished by Richard Gun
Wy ana notes were given for said sums to
daAdry' Respectfully submitted,
HENRY IL SMITH Att,ys