Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1874-07-18
PROCEEDINGS OF THE COUNTY CON-
MISSIONERS' COURT.
THURsToN CouNTY-spEC1AL SESSION

Proceedings of special session of the
Board of County Commissioners of Thurston
County, w. t., held at the County Auditors
office in Olympia on the 10th day Of July,
1874. for the purpose Of considering prop
osition to call special election to vote on the
issue of county bonds for the purpose of con-
structing railroad from Budd's Inlet, Puget
Sound, to intersect the Northern Pacific Rail.
road at or near TeninO; and also for the pur-
pose of considering proposition to exchange
certain real estate with the town Of Olympia.
The Board was called to order at 10 o'clock
A. NJ.
Present-Commission Harmed, Long.
mire and Yantis
committee from the Olympia Railroad
Union, for and in behalf of that Company,
submitted the following contract and request,
that the same be su omitted to the voters of
Thurston county, as provided for by the act
of Congress, authorizing the issue of bonds
by the Commissioners of Thurston county:
Pursuant to the Act of Congress entitled
An Act to authorize the County Commits.
sioners of Thurston county, in Washington
Territory, TO issue bonds for the purpose of
constructing railroad from Budd's Inlet,
Puget Sound, to intersect the Northern Pac-
fic Railroad at or near Tenino, Approved
June -, 1874, the County Commissioners of
said county and the Olympia Railroad Union
have agreed upon the following terms for the
construction of said railroad, to be submitted
to the legal voters Of said county as provided
in said act:
1. The Olympia Railroad Union, its sue
cessors or assigns shall construct a railroad
from Budd's Inlet, Puget Sound, to connect
with the Northern Pacific Railroad at or
near Tenino, all in said county of Thurston,
within one year from August 1st, 1875, and
such further time as may b, we'd by said
County Commissioners, and shall equip and
operate said road with passenger and freight
trains for period of twenty years. Said
road shall be not less than three feet gauge
with T rails, weighing not less twenty-five
lbs. per lineal yard, or rails capable OF sus.
tanning twenty ton locomotive at speed of
twenty miles per hour with safety.
| 2. The said County Commissioners, imme-
dately upon the full and final completion
of said railroad shall issue and deliver to
said Olympia Railroad Union, its successors
or assigns the bonds of said ThurstOn County
to the amount of seventy-five thousand
dollars, lawful money, bearing interest of
eight per cent. per annum Said bonds shall
be payable to bearer in twenty-five years and
redcemable at the call of said County after
ten years from date of issue. Said bonds
shall be in denominations of one thousand
dollars, five hundred dollars and one hundred
dollars, twenty-five thousand dollars in each
denomination and shall have interest coupons
attached and the interest shall be payable
annually on the first day of January of each
year. .l. .....
The terms of the contract having been
agreed to by the Board. 1t was ordered that
the Auditor be, and is hereby instructed to
cause notices to be posted for Special
Election to be held on Saturday the 8th day
of August, 1874, to vote on the question Of
issuing County Bonds. to the amount Of
$75, 900, as provided for in said cantract.
The matter of exchanging real estate with
the Town of Olympia, was indefinitely post
poned.
There being no further business the Board
adjourned. A. A. PHILLIPS,
Secretary