Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1877-04-18

CHAPTER 1aa.

ROADS.
AN ACT to enable Township(s s and
Incorporated Towns and Cities TO
Aid in the Construction of Rail
roads.
BE it enacted by the General Assem-
bly, Of the State Of Io,ca:
SECTION /. That it shall be law full
for any township, incorporated town
or city to aid in the construction of
any projected railroad in this state, as
hereinafter provided.
Secs. Whenever petition shall
be presented to the council or trus-
tees of any incorporated town or
city, or trustees of any township, sign
ed by a majority of the resident free
hold tax payers of such township, in
corporated city or town, asking that
the question of aiding in the construc-
ton of any railroad be submitted to
the voters thereof, it shall be the duty
of the trustees or council of such in
corporated town or city, or trustees
of such township, to Immediately
give notice Of special election, by
publication in some newspaper pub
lished in the county, if any be pub
lished therein, and also by posting
said notice in five public places in
such township, incorporated city or
town, at least twenty days before said
election, which notice shall specify
the time and place of holding said
election, the line Of railroad proposed
to be aided, the rate per ccntum of
tax to be levied, and whether the en-
tire per centum voted is 70 be collect
ed in one year, or one-half collected
the first year aud one-half the follow
ing year; and the amount of work
upon said proposed railroad line re-
quired to be completed before said
tax shall be paid to the railroad
company, and where the same shall
be performed, and to what point said
road shall be fully completed and any
other conditions which shall be per-
formed before such tax shall become
due, collcctiblc and payable P; and in
no case shall such tax become due,
collectible 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 submitted, and iftwo-thirds of the
votes polled be "for taxation" then
the recorder of the incorporated town,
the city clerk, township clerk, or clerk
Of said election, shall forthwith cer-
tify to the county auditor the rate per
centum of tax thus voted by such
township, incorporated town or city,
the year or years during which the
same is to DO 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, togeth-
CT with an exact copy of the notice,
under which such election was held ;
which said county auditor shall at
once cause to be recorded ip the Office
of the recorder of deeds of the coun-
ty.
When such certificate shall have
been made and recorded, the board of
supervisors of the county shall at 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, in
cOrporated city or town, indicating in
their order thereppon when and in
what proportion the same arc to be
collected, and upon what conditions
the same are to be paid TO the railroad
company, certified copy of which
said order shall accompany the tax
lists.
Said taxes shall be collected ut the
time or times specified in said order
in the same manner, and be subject to
the same penalties for non-payment
after they are collectiblc as other
taxes, or as may be stated in the pcti.
ton asking said election.
Sec. 3. The stipulatiops and con.
ditions contained in the said notices
must conform to those set forth in the
petition, as the same is presented to
the trustees of the township or trus.
tees or council of the incorporated city
or town where the said taxes are pro.
posed to be voted, and the aggregate
amount Of tax to be voted or levied
under the provisions of this act in
any township, incorporated town OF
city, shall not exceed five per ccntum
of the assessed value of the property
therein respectively.
Sec. a. The moneys collected un.
der the provisions Of this act shall bt
paid out by the county treasurer tt
the treasurer of the railroad com
pany, for whom the same was voted
upon the orders of the president Of
managing director thereof, at any
time after the trustees of such town
ship, or trustees or council of such
incorporated town on city voting sucl
tax, or a majority of them shall have
certified to the county treasurer thai
the conditions required of the railroad
company and set forth in the notice
for the special election at which thu
tax was voted have been compiled
with. And it is hereby made the dut,
of said township trustees, or trustees
or council Of such Incorporated tow
or CITY, when the said conditions hav,
been complied with sufficiently tt
entitle the said railroad company t.
the amount of such orders, or Wher
the said conditions are fully compiled
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, il
addition to tax receipt to issue Il
each tax payer, on his pay o.
taxes voted in aid of a railroad com
pany under the provisions of this act
a certificate showing the amount O
tax by him paid in aid of said rail
road company, and when the sam,
was paid, and he shall be entitled tt
charge and receive as compensation
therefor, the sum of twenty-five cent
for each certificate so by him issued
Said certificates are hereby mad,
assignable, and when presented by
any person holding the legal It'll,
thereto to the president, managin.
director, secretary or treasurer O
the railroad company receiving til,
taxes paid as shown by said certifi
cate, in amount showing the sum o
one hundred dollars or more of take
to have been paid for said railroad
company, it shall be and is hereby
made the duty of said railroad com
pany to issue or cause to be issued Il
said person the amount of stock GOV
cred by said certificate or certificates
and if the taxes paid as shown b,
said certificate or certificates amour
in the aggregate to more or less thai
any certain number of shares of sal,
stock, then the holder aforesaid O
such certificate or certificates shall b
entitled to receive of said stock til
number of shares next greater thai
F the amount covered by said certifi
Gates, upon making up the deficienc
in money or rendering the same wit
, the said certificates the said stock t
be estimated for the purposes hcreo
j at its par value.
II Sec. 6. The board of directors O
! any railroad company receiving take
, voted in aid thereof under the pro
. visions of this act or those member
! thereof or either of them, who shal
/ vote to bond, mortgage or otherwis
= cucumber said road to an amount,
) the same be railroad Of three fec
gauge, to exceed the sum of eigl
! thousand dollars per mile, and if q
|, the ordinary four feet eight and one