Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1875-09-30
ELECTION NOTICE.
SPECIAL ELECTION NOTICE.
Shall Lancaster Vote Aid for the Building of a
Railroad

WHEREAS, The "Grant County Railroad
companyo has deposited IN my office the
proposition which is hereinafter set forth 70 +
the building Of a railroad from the village OF
Plat eviIle TO the village of Lancaster in said
county, therefore, under the direction of the
Board Of Supervisors Of said town, hereby
notify the electors resident therein that a
special election will be held on the ID day of
November, 1915, at the courthouse IN said
village; at which time and place the said
electors will determine by their votes whe Their
they will accept such proposition or not; and
such election shall be held in the same man
ner as general elections are required TO be
hedand conducted in said town.
The proposition made by the said "Grant
County Railroad company" to the said town
of Lancaster is substantially as follows:
WHEREAS, The Grant County Railroad
companyo is about to construct railroad
from the village of Pattevlle in Grant County
Wisconsin, to the village of Lancaster, in said
county, and desires aid from the town OF
Lancaster in said county in the construction
of said railroad, the said 'Grant County
Railroad company makes to the said town OF
Lancaster the following propositions
The said Railroad company desires the
bonds of the said town in a sum, not to
exceed five per cent. of the assessed vaua-
ton of all the property IN said town for the
year 1874, to-wit in the sum of forty three
thousand dollars.
No interest shall accrue on said bonds by
the town until the said railroad company shall
have entered into contract or contracts with
some person or corpor alton for the consruc
ton Of said road or some part thereof, or for
labor or materials for the same and expended
money thereon TO the the amount Of, at least,
five thousand dollars.
Said bonds shall be payable at the eXpira-
ton of ten years from the date of such cen
tract, and interest thereon at the rate Of ten
per cent. shall be paid annually to the holders
Of such bonds, respectively, and the town, at
its option, may pay the said bonds or any par
thereof, before they become due. The date
when the interest on each bond shall begin
to accrue ana from which the ten years begin
to run shall be determined and inserted in
each of said bonds, as the proper date thereof,
by the board of supervisors of the said town
Of Lancaster.
The said bonds are not 10 be delivered to
said company until il shall have finished said
railroad ready for the passage of cars Irom the
village of patteville to the line OF the town
Of Lancaster; when, at the option OF the SAID
town Of Lancaster, one-half Of the said bonds
and the accrued interest thereon may be paid
over aud delivered to said company.
When the said company shall complete the
depot or point not more than quarter OF a
mile from the court house in Lancaster, ready
for the passage Of cars, all OF said bonds shall
| be delivered to said company.
| The said railroad company further pro-
| poses. and agrees TO issue, such number OF
! shares Of its capital stock as will, at the par
value OF such stock equal the principal sum
of such bonds; aud the certificates of stock
| shalt be placed in the custody Of George w
! Ryand Esq, banker in the village of Lam
caster, or with such other trustee as the said
| town Of Lancaster may from time to time
| direct, and the bonds 50 issued by the town
shall be held and kept by the same trustee;
| and when az or any Of the said bonds are
| delivered TO said company, an equal nominal
amount Of stock shall! be delivered to sait
! town.
And the Directors Of said company
further agree and bind themselves
and their company not 10 charge higher rate
! for fare or freight than is, or may be fixed BY
the laws of this state in reference to roads o.
a class similar TO that to be built by the sale
company.
But if the said company defers the com
mencement Of the work on sand road for a
much as a year from the time Of the vote OF
this proposition. the trustee SHALL on demand
deliver up the SAID bonds to the authorities o
said town to be cancelled, and the said Ger
tifcates Of stock shall be null and void
This Proposition signed BY the presiden
and Secretary Of said company and scale,
! with its seal
HUGH A. MOORE, rSEAL.1
President Grant County K. X. Go
| (signed) JOHN G CLARK, [SEAL.
Secretary Grant County X. r. 60
Witness my hand, Lancaster this lth eal
OF September, 1873.
AUG. M1cHAELIs, Town Clerk.