The Wichita city eagle. [volume] (Wichita, Kan.) 1872-1883, 1877-08-09

railway from Beloit, IN Mitchell county, state of
Kansas, through the counties OF Mitchell, Cloud,
Ottawa, Saline, Mcpherson, Harvey. Sedgwick
and sumner, and thence east to the eastern
boundary of the state of Kansas, In Cherokee
county, with branch from some point in Sum-
ner county down the valley of the Arkansas riv-
err to the nayigable waters of said stream ut Fort
Smith, Arkansas. And,
Whereas, 1t is proposed by said railway COM
prny to const uct their said railway through the
tewnship of Morton, Sedgwick county, State of
Kansas;
Now. therefore, the undersigned, being more
ihan two-hfths Of the taxpayers resident in said
township, would most respectfully petition your
honorable board to submit 10 the aualiied 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 IAN act 10 enable
counties, townships and cities to aid in the con-
stru.tion OF railroads, and to repeal section eight
of chapter thirty nine Of the laws of 1874. APP
proved February p, ls16,'' and acts amendatory
thereof, q, proposition, rs provided for in SAID
acts TO and IN the construction of said railway,
by subscribing TO the capital stock of the Solomon
Arkansas Valley Il 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; Provided, That the
whole amount OF he bonds of said township so
| issued and delivered to said railway company
shall not exceed fifteen thousand dollars and five
per cent. additional OF the assessed value Of the
| property of Tor in) said township rs shown
by the assessment last made prior TO the de-
livery of the last of said bonds to the said rail-
way company their assigns, in the manner
and at lhe times 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 aDnum, payable semi-annually on the first
days of January and July of each year, and shall
have sem-annual interest coupons attached, and
both principal and interest shall be payable al
the fiscal agency of the state of Kansas the city
of New York. The principal of the bonds issued
by SAID township in aid of the construction of
lN,1l
equal proportion thereof in each of the last of
the thirty years which said bonds have TO run Pro
pided, however, that said township shall reserve
the right OF paying the Whole or any part of said
bonds ut any time after the expiration of ten
years from the date thereof by giving notice
thereof for the period of twelve months prior to
such proposed payment.
Said bonds shall be issued in such denomina-
lions as said railway company or their assigns
may designate
The subscription. by said township, to the cap
itai stock of said company shall be made upon
the condition that said railway company shall,
provided for In section eight of said first named
act, in exchange for said township bonds, deiiv
er 10 the treasurer Of said township stock in their
said road equal IN amount with the bontts author
lied TO be ISSUED, dollar Tor dollar. Provided,
Always that no su h township bonds shall be is
sued and delivered to said company or their as
signs until said railway is built and the
ming thereon through said township of Morton,
and station established therein and that said
railway shall he 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 not sooner, then there shall he issued
and delivered to said railway company their
assigns in Nchinge Tor an equal amount of the
paid up capital stOcA of said company the bonds
of said township To the amount of fifteen thousand
dollars ISIS, 900 and at such time times there
after as said railway company their igns
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
psuy the bonus of said township 10 such an
amount or amounts which, with the bonds prev l.
oUsly delivered TO said company, shall amount in
the aggregate to eighteen thousand dollars ISIS
aO1
SAID election TO be held in SAID township after
thiriy day notice thereof shall have been given
iisiIed Ut Wichita the county seat OF SedgwIck
county, State oi hansai, ana having "a general
circulation in said township of Norton.
Al such election a. your honorable body may
order in said township, those voting in favor of
the foregoing proposition shall have written or
printed ON their ballots 'For extending aid to
the solomon, Arkansas Valley 4 Eastern Rail-
way Company and all such ballots und only
sucn 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 on there bal
iats against extending aid To the Solomon,
Arkansas Valley Eastern Railway Company, -
and all such ballots and only such shall be count
ed against the proposition set forth in this D. til