Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1876-05-18
RAILROAD ELECTION.
Notice of Special Election to be Held
in the Town of Ellenboro, 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 railroad from the village of
Platteville, in Grant County, Wisconsin,
through the village Elenboro to the wills
lage of Lancaster, in said County, and
asks aid from the town of Ellenboro in con-
structing said road therefore, under the di>
rection of the Board of Supervisors of said
town of Elenboro hereby notify the legal
voters thereof that a special election will be
held on the goth day of June, 1876, at the
Town House. in village Ellenboro in said town
of Ellenboro, 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 bal
lot upon which shall be written or printed the
the words g 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 against
tie railroad proposition"
The proposition made by the said Grant
County Railroad Company to the said town
of Ellenboro is substantially as follows:
Whereas the Grant County Railway Company is
about to construct a railroad from the village of
tbaaash tn. village of EIieaaoro to the viii
lags of Lancaster. in said County, aud desires aid
from the town of Eenboro, in said County, in the con-
struction of said railroad the said Grant County
Railway Company makes to the said town OF Ellenboro
the following proposition:
1.-THE said Railway Company desires the bonds of
the said town in a sum not to exceed two and
half per cent of the assessed valuation of ali proper
y in said town for the year 1875, to wit in the sum
Of s520557."
said town OF Elenboro until the said Railway Com
psny shall have entered into contract, contracts
with some person or corporation for the constfuc
ton ofsad road or some part thereof or for labor or
materials for the same and expended money thereon
TO the amount of at least five thousand dollars.
"said bondss shall be payable at the expiration OF
ten years from the date of such contract aud inter-
thereon at the rate often per cent? shall be paid
annually to the holders of such bonds respectively;
and the town, at its option may pay the said bonds
any part thereof before they become due. The
date when the interest each bond shall begin to
accrue and from which the ten years begin to run
shall be inserted in each of said bonds the proper
date thereof by the Board of Supervisors Of the said
town OF Elenboro The said bonds are not to be de.
livered to said company until it shall have complet-
ed the said road from the village OF Plateville to
depot or point not more than quarter OF mile ds
tant from the Court House in Lancaster ready for
the passage OF cars ana then ell OF SAID bonds snail
be delivered to said company.
sThe Railway Company further proposes, and
agrees to issue, such number of shares in its cap
tai stock will, at the par value of such stock,
equal the principal of such bonds; and the Ger
tiic.tes of stock shall be placed in the custody of
George Ryisnd, Esq. Banker in the village of
Lancaster, o. with such other trustee the said
company and town OF Ellenboro may from time 10
time agree upon, and the bonds so issued by the
town shall be held and kept by such trustee; aud
when all or any Of said bonds delivered to said
company an equal nominal amount of stock shall be
delivered TO said town OF Ellenboro.
"But If the said company defers the commence
ment Of work on said road for much year from
the time of the vote this proposition, the trustee
shall on demand, deliver up the said bonds to the
authorities of 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 charge higher
for fare freight than is may be liked 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 the President and Sec
rotary of said Company and sealed with its seal.
Dated May 10, 1876. HUGH A. MOORE, IL 81
President of Grant Co. Railway Co.
JOHN q. CLARK, IL 81
Secretary Of Grant Co. RaiiwayCo.
Witness my hand, Ellenboro, Grant County,
Wis, Nav IL, 1876. JAMES G. ORION.
Town Clerk of said Town of Ellenboro.