Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1876-03-29
An ACT

the Construction of Railroads:
SIC. I. BE 10 enacted by the Cen
eral assembly Of the State Of Io,ca:
That it shall be lawful for any town
ship, incorporated town or city to aid
in the construction of any projected
railroad in the State, as hereafter
provided.
SEC. 2. Whenever petition shall
be presented to the council or trus-
tees of any incorporated town or city,
or trustees of any township, signed
by majority of the resident free
hold tax payers of such township. in
corporated city or town, asking that
the question of aiding in the con-
struction of any railroad be submit
ted to the voters thereof, it shall be
the duty of the trustees or council of
such incorporated town or city, or
trustees of such township, to immedi-
ately give notice of a special election,
by publication in some newspaper
published in the county, if any be
published therein, and also by post
ing said notice in five public places
iii such township, incorporated city
or town, at least twenty days before
said election, which notice shall spec
ify the time and place of holding said
election, the line of railroad proposed
to be aided, the rate per centum of
tax to be levied, and whether the en-
tire per centum voted is to be collect
ed in one year, or one-half the first
year and one-half the following year
and the amount of work upon said pro-
posed railroad line required to be
completed before said tax shall be
paid to the railroad company, and
when the same shall be performed.
And TO what point said road shall be
fully completed and any other condi-
tons which shall be performed be-
fore such tax shall become due, col
lectible and payable, and i'm no case
shall such tax become due, collect
ible or payable until the road is fully
completed to such point as mentioned
in the notice. AT such election the
question of taxation shall be submit.
ted, and If two-thirds of the votes
polled be "for taxation" then the re-
corder of the incorporated town, the
city clerk, township clerk, or clerk of
said election, shall forthwith certify
to the county auditor the rate per
centum of such tax voted by such
township, incorporated town or city,
the year or years during which the
same is to be collected, and the time
and terms upon which the same, when
collected, is to be paid to the railroad
company, under the conditions and
stipulations in the said notice. to-
gether with an exact copy of the said
notice, under which such election was
held which said county auditor shall
at once cause to be recorded in the
office of the recorder of deeds of the
county.
When such certificate shall have
been made and recorded, the Board
of Supervisors of the county shall al
the time of levying the ordinary
taxes next following levy such taxes
as are voted under the provisions OF
this Act as shown by said certificate
and cause the same to be placed on
the tax lists of the proper township
Incorporated city or town. indicating
in their order thereupon when and IN
what proportion the same are to be
collected, and upon what condition
the same are to be paid to the rail
road company, "a certified copyof which
said order shall accompany the tax
list
Said taxes shall be collected at the
time or times specified in said order
in the same manner, and be subject to
the same penalties for the non-pay.
ment after they are collectible as 9TH
er taxes, or as may be stated in the
petition asking the election.
SEC. 3. The stipulations and condl.
tons contained in the said notice
must conform to those sci forth i'm the
petition, or the same as is presented
to the trustees of the township Oh
trustees or council of the incorpor-
ated city or town where the said
taxes are proposed to be voted. and
the aggregate amount of tax to be
voted or levied under provisions OF
this Act i'm any township, incorpor.
ated town or city, shall not exceed
five per centum of the assessed value
of the property therein respectively
Sec. a. The moneys collected under
the provisions of this Act shall be
paid out by the County Treasurer to
to the Treasurer ofthe Railroad Com
pany for whom the same was voted.
upon the orders of the President or
managing director thereof at any
time after the trustees of such town
ship, or trustees or council of such in
corporated town or city voting such
tax, or a Inajorit. OF them shall have
certified to the County Treasurer that
the conditions required of the rail.
road company and set forth i'm tho
notice for the special election at which
the tax was voted have been com.
piled with. And it is hereby made
the duty of said township trustees. OF
council of such Incorporated town OF
city, when the said conditions have
been complied with sufficiently to en-.
title the said railroad company to the
amount of such orders, or when the
said conditions are fully complied
with and performed on the part of tn,
railroad company, to make such Ger.
tificate.
Sec 5. 1t shall be the duty of the
County Treasurer when required, in
addition to a tax receipt to issue to
each tax payer, on his payment OF
taxes voted in aid of railroad com.
pany under the provisions of this Act.
a certificate showing the amount of
tax by him paid in aid of said rail
road company, and when the same
was paid, and he shall be entitled to
charges and receive as compensation
therefor the sum of twenty-five cents
for each certificate so issued by him.
Said certificates are hereby made
assignable, and when presented by
any person holding the legal title
thereto to the President, Managing
Director, Treasurer or Secretary OF
the railroad company receiving the
taxes paid as shown by certificate, i'm
amount showing the sum of one hun
dred dollars or more of taxes to have
been paid for said railway company
it shall be and is hereby made the
duty of said railway company to issue
or cause to be issued to said person
the amount of stock covered by said
certificate or certificates, and if the
taxes paid as shown by said certifi-
cate or certificates amount in the
aggregate to more or less than any
certain number of shares of said
stock, then the holder aforesaid OF
such certificate or certificates shall be
entitled 70 receive of said stock the
number of shares next greater than
the amount covered by said certifi-
cate or certificates, upon making up
the deficiency in money or rendering
the same with the said certificate, the
said stock to be estimated for the pur-
poses hereof at its par value.
SEC. 6. The Board of Directors OF
any Railroad Company receiving
taxes voted in aid thereof under the
provisions Of this act or those mem.
bers thereof or either of them. who
shall vote TO bond, mortgage, or i'm
any manner cucumber said road To
an amount, ifthe same be a railroad of
three feet guage, to exceed the sum of
eight thousand dollars per mile, and
if Of the ordinary four feet eight
and one-half inch guage, to exceed
the sum of sixteen thousand dollars
per mile, not including in either case
any debt for ordinary operating ex-
penses, shall be liable to the stock
holders or either of them for double
the amount, estimated at its par value