The Wichita city eagle. [volume] (Wichita, Kan.) 1872-1883, 1877-08-16

railway from Beloit IN Mitchell county, state Of
Kansas, through The counties of Mitchell, Cloud,
Ottawa, Saline, Mcpherson, Harvey. Sedgwck
and sumner, and thence east to the eastern
boundary of the state of Kansas, in Cherokee
county, wItha branch from some point in SUM-
ner county down the valley of the Arkan sas riv-
er to the navigable waters of said stream, at Fort
Smith, Arkansas. And.
Whereas, II is proposed by said railway COM
prny to const net their said railway through the
township OF Morton, Seligwick county, State of
Kansas;
Now, therefore, the undersigned, being more
than twoiifths of the tax PAYERS resident in said
township, would most respectfully petition your
honorable board 10 submit to the qualified voters
Of said township, at special election to be held
in said township. TUESDAY, the fourth day OF
September, A. ID. 1871, for that purpose, pro-
vided for in an act entitled ''An act to enable
counties, townships and cities 10 aid in the con-
sirtt ton of railroads. and TO repeal section eight
of chapter thirty-Diue of the laws Of 1874 APP
proved February %, 1876, and acts anendatory
thereof. a, proposition, as provided for IN SAID
acts, 10 aid IN the construction OF said railway,
by subscribing TO the capital stock OF the Solomon
Arkansas Valley 4 Eastern Railway Company to
the amount OF eighteen thousand dollars, and to
pay therefor by issuing and delivering to said
railway company or their assigns, the bonds OF
said township OF Morton to an equal amount of
eighteen thousand dollars; PrOrided, That the
Whole amount of the bonds of said township SO
Issued and deliyered 90 said railway company
shall not exceed fifteen thousand dollars and five
per cent. additional Of the assessed value of the
property OF Tor I'M said township as shown
by the assessment last made prior to the de-
livery of the last of said bonds to the said rail-
way company or their assigns, IL the manner
ana AT lhe Tunes hereinafter set fOrth said town
ship bonds shall mature and be payable thirty
years after the date upon which they are issued
and shall bear interest at the rate of ten per cent
per annum, payable semi annually on the first
days OF January and July Of each year, and shall
have seinl-;nnud interest coupons attached and
both principal and interest shall be payable nj
the fiscal agency OF the state OF Kansas III the city
OF New York. The principal of the bonds issued
by sad 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 ten of
the thirty years which said bonds have to run Pro
cided, however, that said township shall reserve
the right of paying the whole any part of said
bonds ut any time after the expiration of ten
years from the date thereof by giving notice
thereof Tor the period of twelve months prior to
such proposed payment.
sad bonds shall be issued in such den0mna-
ions As said railway company or their assigns
mty designate.
The subscription by said township, TO the can
tai stock of said company shall be made upon
ihe condition that sal railway company shall, as
provided Tor in section eight OF said first named
set, III exchange for said township bonds, dciiv-
10 The treasurer OF said township stock IN their
aid road equal IN amount with the bonds author
led Ia be Issued, dollar Tor dollar Pr0rided,
Always that NJ su II township bonds shall be IS
ied and delivered TO said company the IN
ign until said railway is built and the cars run
ing thereon through said township of Morton,
md station established therein and that said
filiWay sldl be Constructed through said town
7alP within one year from the day upon which j
tiJOrIty OF those voting tils proposition shall
ole ia favor thereof When said railway shall
nave been constructed and be in operation
through said township and a station established
iefein ami not sooner, tuen there shall DE issued
and delivered to said railway company or their
AssiSns Ia eNcndnge Tor an equal amount of tue
paid up capital stocA of said company The bonds
81 said township u the amount of fifteen thousand
d'iars ISIS, 0J0) and ut such time times there
after u sAId railway company or their ASST gus
All DIES igutte, there shall be delivered 10 SAID
o4APdnY OF their assigns Ia exchange for equal