The Wichita city eagle. [volume] (Wichita, Kan.) 1872-1883, 1877-08-23

railway from i3elot, IN Mitchell county, state of
Kansas, through the counties of Mitchell, Cloud,
Ottawa, Saline, MCPHERSON, Harvey. sedgwies
ana sumner, and thence east 10 the eastern
| boundary of the state CT Kansas, in Cherokee
county, with branch from some point i'm sum
ner county down the valley of the ArkaH riv-
CT 20 the navigabe waters of said stream, at Fort
Snl III, Arkansas. And,
Whereas. 1t is proposed by sail railway CON-
prny 70 const uct their said railway through The
Kansas;
Now, therefore, the uHdersi sned, being more
ihan tyo-1fths of the tax PAYERS z leug IN saHi
township, would most respectfully petition your
honorable board 10 submit To the iiied voters
oi sal1 township, at a special election be held
IN saiu township, Tuesday tiir lD.irth dlV pi
september, A. ID. ls77, for ;haf purp, Sc Us mo-
videG for in an act entitled IN acI 20 euabie
counties. townships and cities to aid IN the con-
5trutIlOn OF railroads. and - repeal section q ht
# chapter thirty -Dine of The law OF ls74, APP
proved February -, 1876, - and acts amenaatcry
liiereoi, proposition, as provided toE IL SAID
acts, Ia att in The construction OF SAIL Railway,
uy subscribing 10 tls capital sock Of the >JlDsun
Srkslssis Valley 4 Eastern Railway Company to
ne tIaouat OF eighteen thousand dollars, and =
pay tbsreior Dy issuing and delivering 70 saId
railway company or their assigns, The bonds Of
ild township of Morton 70 an equal amount Of
tishleen thousand dollars; Pr0ritcd, That the
"HoiS ainonat Of the bonds of said township so
issned anu delivered 10 said railway company
sh.iI not exceed fifteen thousand dollars anu i've
per cent additional OF the assessed value Of the
.ep4HJ OF tor I'M said township IS shown
.! uie assess inent last male prior 10 the de-
liver! OF tue last OF siid bonds o the said rail-
way company or their assigns. in the manner
and ut The times hereinafter set forth: said town.
snip bonds shall mature and be PAYABLE thirty
years after the date upon which thev are issued
and shall bear interest Al the OF ten per cent
per annuIn, payable seni-annuaily ON the first
days of January and July OF each year aud snail
| have semi-annual interest coupons 9ttaehed ard
both principal and interest shall be payable at
the fiscal agency of the state of Kansas IN the city
OF New York. The principal of the bonds issued
/ by said township in aid OF the construction of
said railay, shall be paid by the payment of an
equal proportion thereof in each of the last OF
the thirty years which said bonds have TO run Pro
| rided, however, that said township shall reserve
the right OF paying the whole any part of said
bonds at any tine after the expiration Of ten
| years from the date thereof by giving notice
| thereof for the period oftwelye months prior to
/ such proposed payment.
| said bonds shall be issued in such denomina-
tons as said railway company or their assigns
may designate.
| The subscription, by said township, to the CAP
| Ital stock of said company shall be made upon
TIE conditIon that said railway company SHALL as
provided for in section eight OF said first named
act, in exchange for said township bonds, deiiy-
er 10 the treasurer of said township stock in their
said road equal in amount with the bonds author
lied to be issued. dollar tor dollar. Pr0ridsG
Always that no such township bonds shall be is
sued and delivered TO said company or their as
signs until said railway is built and the ears run
ming thereon through said township of Morton,
and station established therein and that said
railway shall be constructed through said town.
| ship within one year from the day upon which
majority of those voting on this proposition shall
| vote IN favor thereof. When said railway shall
\ have been constructed and be in Operation
| through said township and station established
therein and NOS sooner, then there shall be Issued
| and delivered to said railway Company or their
| assigns in exchange for an equal amount OF the
paid up capital stOck of said company the bonds
Of said township to the amount of fifteen thousand
dollars 1915, COO and al such time or times there
/ after as said railway company or their assigns
shall designate, there shall be delivered to said
| company or their assigns in exchange for equal
amounts OF the paid up capital stock Of said COM
pauy the bonds of said township to such an
amount or amounts which, with the bonds prev l.
| ously delivered TO said company, shall amount In
tine aggregate to eighteen thousand dollars sis
u00.)
| said. electionto be held in said township after
thirty days notice thereof shall have been given
/ in the Wichita weekly Beacon newspaper pub
lished at W ichita the county seat of Sedgwick
county, State of kansas, and having "a general
circulation in SAID township of Morton.
At such election as your honorable body may
order i'll said township, those voting in favor OF
the fore going proposition shall have written or
printed on their ballots For extending aid TO
| the Solomon, Arkansas Valley Il Eastern Rail-
| way Company and all such ballots und only
such shall be counted in favor of the PROPOSE
ton set forth IN this petition. And those voting
| at such election against the foregoing PROPOSE
ton shall have written or printed There bal =
| lats Against extending aid 10 the solomon
| Arkansas Valley Eastern Railway Company .
aud all such ballots and only such shall be count
ed against the proposition set forth in this IL
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