Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1876-05-04
RAILROAD ELECTION.
Notice of Special Election to be Held
in the Town of Liberty, Grant Co., Wis.

Whereas, The Grant County Railway Com
pany has deposited in my office the PROPOSE
ton which is hereinafter set forth for the
building Of a railroad from the village OF
Platteville, in Grant County, Wisconsin, to
the village Of Lancaster, in said County, and
asks aid from the town of Liberty in con-
structing said road therefore, under the di-
rection of the Board of Supervisors OF said
town of Liberty, hereby notify the legal
voters thereof that special election will be
held on the 9th day of June, 1876, at the
School House, in District No. 5, in said town
Of Liberty, the usual place of holding cleo
items in said town, at which time and place
the legal voters Of said town will determine
by their votes whether they will accept such
proposition or not, and that such election will
be held and conducted in the same manner
as general elections are required by law to be
held and conducted.
And further notify the legal voters of said
town who favor the granting such aid to de-
post in the ballot box at said election, ball
lot upon which shall be written or printed the
the words for tie railroad proposition and
those who are opposed to granting such aid,
to deposit ballot in said box upon which
shall be written or printed the words "agatnst
tie railroad proposition"
The proposition made by the said Grant
County Railroad Company to the said town
of Liberty, Is substantially as follows:
Whereas the Grant County Railway Company /.
about 10 construct railroad from the village Of
PlatteViIle. ia Grant County, Wisconsin, to the vii
Iags of Lancaster, in said County aud desires aid
from the town Of Liberty in said County, in the
struction Of said railroad the said Grant County
Railway Company makes to the said town of Liberty
the following proposition:
The said Railway Company desires the bonds OF
the said town in a not to exceed two and one.
half per cent of the assessed valuation of all proper
~ u said town for the year 1875, to wit in the
OF $3.50"
81 No interest shall accrue on the bonds given by
said town OF Liberty until the said Railway Com
p2ay shall have entered into contract contracts
with some person or corpoI alton for the construe-
tton ofsad road or part thereof for labor
materials for the same and expended money thereon
TO the amount of, at least. five thousand dollars
baid bonds shall be payable at the expiration Of
ten from the date of such contract and inter
Get thereon at the rate often per cents shall be paid
annually to the holders of such bonds respectively;
aai the town. at its option, may pay the said bonds
CT any part thereof before they become due. The
cate when the interest on each bond shall begin to
sccrue and from which the ten years be.in to run
Shall be inserted in each Of said bonds, the proper
este thereof by the Board Of Supervisors OF the said
town OF Liberty. The said bonds are not to be de-
sveIed 70 SAID company until il shall have complet-
20 the SAID road from the village OF PlatteyiIle
Depot or point not more than quarter of a mile dis
t.nt from the Court House in Lancaster ready for
ESe passage OF cars and then all VI said bonds shall
ksioiivered to said company.
"The Railway Company further proposes, and
tai stock as viii, at the par value of such stock,
equal the principal sum of such bonds; and the Ger
tihcates OF stock shall be placed in the custody of
George Kyland, Esq. a Banker in the village of
Lancaster, o. With such other trustee the said
company and town of Liberty may from time to
time agree upon, and the bonds issued by the
town shall DO acid and kept by such trustee; and
when all or any Of said bonds delivered to said
company, an equal nominal amount OF stock shall be
delivered to said town of Liberty.
But If the said company defers the commence
ment OF work on said road for much as a year from
the time Of the vote this proposition the
shall, on demand, deliver up the said bonds to the
authorities oil said town to be Cancelled and the said
certificates OF stock shall be null and void And the
Directors OF said company further agree and bind
themselves aud their company not to charges higher
rate for iare or freight than is may be fixed by the
laws Of this State in reference to roads of class
similar to that to be built by the said company
This proposition signed by tho President and Sec
Rotary Of said Company and sealed with its seal.
Dated April ~, 1876. HUGH A. MOORE, IL 81
President of Grant Co. Railway Co.
JOHN q. CLARK, re- 81
Secretary Of Graut Co. Railway 90.
Witness my hand, Liberty, Grant County,
Wis, May 2, 1876 JOHN WAGNER,
Town Clerk OF said Town of Liberty.