Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1874-07-02
REPORT
Of transactions 40 Mineral .Poaat
Iotcn Bonds.

a. VIZ WV II ii1tttIlS lltltl
in the town of Mineral Point, April
7th, 1874, resolution was passed
Iinstructing 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 Il Smith, four sue
cessive weeks in the Mineral Point
TRIBUNE and National Democrat.
Supervisors Office, Town of Mineral Point,
April goth 1873
On motion it was resolved that in pursu-
ance of chapter Ia of tho general laws of
1873 entitled an act to authorize the town of
Mineral Point TO settle and compromise its
railroad ana bond Indebtedness.
The following named persons be and they
are hereby appointed as the railroad bond
committee, created and provided tor by see.
tion number Of said act, viz: Harker Spens.
ley, William II. Phiips, John Cullen and
James James.
The following proposition to compromise
and settle the claims for railroad Indebtedness
was then presented by Wm. T. Henry. to-wit
Mineral Point, Wis, April 23d, 1874.
Gentlemen The undersigned, being the
owner of the following claims for railroad in
debtedness based and founded upon bonds
heretofore issued to aid IN the construction of
the Mineral Point Railroad by AUTHORITY of
the act approved March %, 1858, does hereby
propose and agree, in pursuance of the laws
of said state passed in A. D. 1878, to settle
aud 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 each due October lst, 1870, and 2l0
coupons for $50 each.
Ten bonds s50 each 5000 90
sc en per cent. interest after due, >l g.
Two hundred and ten coupons. $50 erch 1900 90
Seven per centnterest coupons after due, ana IS
Costs on suits. II "
Amount OF judgments, $l22Ss .
Seven per cent on ,he same for months, l4s 81
Total amount due April 2od, 1873 Sl243l 4s
Also bonds Nos. Iii to 100 being ten bonds
for $500 each s5D0o 90
Seven per cent interest on ne for 2 yrs
mon hs aud 22 days. r due 500 80
Coupons on same bonds fr ! October lst
1850 inclusive, 10 coug ip b each 1900 90
$IO0J6 so
Amount on judgments brou Al down, $l2i}i IS
Amount due on bonds brou ht down. lUOJ6 90
Seven per ent Interest on oupons after
due TO date 222i 55
s2i152 81
For which the subscriber proposes TO take
in full payment the sum Of ten thousand five
hundred and four dollars $50, ,5o4) in cash, the
amount paid by him therefor.
WM. T. HENRY.
Thercupon on motion it was ordered that
said proposal be and is hereby accepted, and
that the portion of said Indebtedness belong
my to said town OF Mineral Point to pay
amounting to four thousand two hundred n ID
lWentV-hve dollars and seventy five cents ($4
10 1o) be paid as soon as possible with ten
per cent interest from the 18th day of April
| 1913. Al The supervisors voting therefor.
Signed JAMES SPENSLEY,
SIMON WATERS,
JOSEPH BENNETT.
Supervisors Office, Town of Mineral Point,
March 3ls', 1874.
Inc following statements having been pre-
sented by Mcsars. Henry Il Smith, attorneys
for the city and town of Mineral Point, it was
ordered that said statements be recorded with
The minutes of this meeting to wit:
Mineral Point, Wis, Aug. II, 1913.
Statement Of settlement for % bonds OF the
| Town OF Mineral Point, settled for This day
and the 9th instant with Hiram A Burt of
Marquette, Michigan, hy Horny d Smith, at
| torncys for and IN behalf Of the city and Town
Mineral Point, VIZ August 5th, settled for
| four bonds Nos. 81, 81, 50 and 81 each 500
due October lst, 1870, and each bond having 3
coupons for so each attached thereto
Four bonds $500 each, s2Dno 90
/ 7 per cent. interest after due TO August let.
! 1873, years and months 80 67
! Four coupons S2N each due oct. 1st 1869 50 90
/ : per cent. int rest after due 10 August lst,
1873 years aud 10 months. q 80
-Four Coupons s2D each. dne April lst, 1870, 50 90
1 I per cent. Interest after due to August lst
1873, years AMI mUnflfs. Is &c
-Four coupons s2D zach due oct lat, 1870, 81 0U
4 per cent. Interest nftrr doe TO August LIST,
1913, years and I o Inonths - 81
1902 90
Amount paid Aug1st. stu. 1873, at so per
cent. O. one-half Is, sl346 33
bo ds 500 each Nos IS to 100 inclusive 5000 90
/ per cent. interest after due to Aggq.t lst
. lNtt, 2vears and 10 months, 1886 81
10 coupons S2h each. due fiei. LIST. 1862, $40 90
per cent interest after due 70 August at,
. LIB, EARS and 20 month S. SO
10 coupons f2l each, due April l,t 1870 3l) 40
per cent. interest after dHe to August gt,
-, l't3 Years and months II GT
% COUPONS s2o each. ne oct lst 1870 800 90
per ceut. Interest after dhe 10 uguss ist,
1873. years and 10 months, CO ~
siOE7o 81
Al 80 per cent. or one halfis 5,2S 83
I per cent. interest for II days since
August Isl, lo'5, 10 II
N2s 10
the bonds, isM 81
Add per c.n. for exchange In New York. u %
4s7.9 ~