The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1878-01-17
Railroad Matters.

In accordance with the action Of the
county Board ut its late meeting the bonds
Of the County. in the amoun. Of &c, 600
were duly executed and placed in the
hands Of tho chairman to lie deposited in
escrow with Mr.. Horace Thompson. The
Board detached and destroyed the semi.
anuna! interest coupons, falling due Jul,
LIST 1878, before delivering them to the
chairman. Pursuant to instructions, the
chairman, +. V. Hotchkiss. accompanied
by NJ. E. Powell, County Attorney, pro.
ceeded to st Paul and delivered the bonds
to Mr.. Thompson. taking therefor receipt
which contained the conditions embodied
in the resolutions Of the Board, which We
published last week, and are, substantial.
", that Mr.. Thompson shall retain the
bonds in his possession until he shall re-
ceive the certificates Of the chairman Of the
County Board and the President OF the
Minnesota Valley railway Company that
the road 10 completed and the cars rum.
ing thereon to the Village Of Redwood
Falls, when they shall he delivered to said
4. W. Co. II the road should not he COM
p!eted at the specified time, August 18th.
1878, Mr.. Thompson shall, within thirty
days Of said date, return the bonds to the
County Board. In order to make good the
original proposition, $1,000 Of the Village
bonds were similarly placed, to aid in con.
struction Of the road. The remaining &5,-
600, Village Bonds. were also executed
and rlace.t in Mr.. Thompson's hands. the
proceeds to be used in procuring the right
Of way. As
the bonds aye valueless until the compile
ton cf the road, and the Village has neither
funds, nor means for getting any. Mr.. De-
Graff agreed to advance 5000 as soon as
needed for paying owners Of land for right
Of way and stipniases, in writing, TO pro
cure the release OF the bonds, ty the Com
/. any to the Vi'lag. upon repayment o.
the $1,000 on or l,efore the 18th day OF
August. In the mean time the Village
authorities will have ample time and OPP
p"rtunity to negotiate the bonds and real
ize the highest figures that they are worth;
and thus he able TO do full justice to the
rights Of all who own propeaty along the
route and, perhaps, have a balance in the
Treasury.
Col DeGraff further stiruiates to render
10 the Vil!ag", AS soon as the right Of way
shall have been procured, a statement in
detail Of all expenditures, embracing the
names with the amounts Of al to whom
any money is paid. including the expenses
incurred in procuring the deeds, and hist
III money realized on the s GOO Of Bonds.
u excess OF the actua! cost to the Eiiisg-
II the right OF way, shall he returned to the
Vilinse Treasury We understand that
he profile for the portion Of the road il.
Grown County is on f!e in that County and
he profile for the portion in Redwood
county is here and will be placed IN re-
ord as soon as. the proper certificates
.re received. NJ Z. Powell
so. has been authorized hy the V;ilag.
,unc;! to ,n:inue the work OF procuring
h. right II way according To the agreement,
Inder which re commenced il sIi We pre-.
ume the matter will soon lie closed up
his we believe to he tie status Of our rail-
Dad project at present.
The railroad authorities and DeGraff s
@. have shown themselves TO be olost cor.
Tally disposed i'll the matter end willing
O arrAnc, Sil nreliminartes ON fair bass