Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1879-12-19

contrary to this. In our opiniol this country
is about entering upon an era Of imitation
that is, an imitation ofgold and of paper based
on gold, and that the result will be- similar, in
most respects, to the imitation Of paper money
brought about by the war. The bankers have
succeeded in increasing the purchasing power
of gold itself, but this cannot be permanent.
Gold will come back to its normal vAlue."
AN ACT TO AUTHORIZE THE COUN.
TIES (AND TOWNS AND VILLAGES
THEREIN) OF MORRISON, TODD,
sTEARNs, POPE, STEVENS, *TRAv-
ERSE AND BIG STONE, TO ISSUE
BONDS TO AID. IN THE CoNsTRUC.
TION OF RAILROADS..
Be 1t enacted by the Legislature Of the State
Of Minnesota ( '..@ass
SECTION 1. That the board of county COM
missoners of each or either of the counties of
Morrison, Todd, stearus, Pope, Stevens,
Traverse and Big Stone, in the state of Min
nesota, and the board Of supervisors Of each
of the towns in said counties and the village
council of each of tire villages in said counties
are hereby authorized to issue the corporate
bonds Of their said several counties, towns or
villages as hereinafter provided, for Ill amount
not exceeding eight per centum of the total
valuation Of the taxable property Of such
county, town or village, as shown by the as.
sessment next Immediately preceding the
meeting at which the question Of issuing said
bonds shall be submitted to the electors of
said county, town or village, to aid in the con-
struc ton of the Little Falls and Dakota rail-
road, or any other proposed railroad which
when completed will afford said counties rail-
road communication with Luke Superior.
SEc.2, Whenever the county commission
e's and two Justices of the peace of either Of
said coun ties, or the supervisors and justices
of the peace of either Of said towns, or the
president, trustees and justices of the peace of
either of said Villages. or any two Of said
officers together with ten ether legal voters
Of such county, town or village, shall file in
the Office Of the county auditor of such coun-
ty, or the town clerk of such town, or recorder
Of such village, request in writing signed by
them, stating the amount of bonds proposed t.
be issued and the rate of interest said bonds
shall bear, and the name or designation of the
| railroad proposed to be aided thereby, and re
questing that meeting Of the electors of such
county, town or village be called for the pur-
pose Of voting upon the question of issding
such bonds, it shall be the duty Of each coun-
ty auditor, town clerk or village recorder, and
he is hereby required to Immediately record
such request, and within ten days thereafter
cause notice of said meetings to be posted
up in at least three public places in each town
! of such county, or in three public places in
such town or village if such meeting is called
by said town clerk or village recorder, giving
| at least fifteen Gays notice of such meeting
and stating he object of the meeting ard the
time and place of heIding the same, and shall
also cause such notice to be published, at least
one week before such meeting shall be held
in a newspaper published in such county, town
or village, if a newspaper is published there
in: such notice shall contain the name or
designation OF the railroad, the construction
of which is proposed to be aided by said
bonds. and also any terms or any conditions
specified in said request, upon which the issu
ing of said bonds is proposed to be made de-
pendent.
SEC. 3. Such meetings or meeting shall be
held at the usual place of holding town meets
ings in such town, or Of holding village elec-
tions in such village, and shall be conducted
by the same officers and in the same manner
as general elections Of county or state officers
therein respectively, (as the case may he are
conducted. The voting on said question shall
be by ballot, and those voting in favor oftbe
issue Of said bonds shall have written or print
ed on their ballots the words "for issue of
bonds for Railroad" and those voting against
the same shall have " written or printed on
their ballots the Words "against issue of bonds
for railroad" At the close of such meeting
the result shall be ascertained in the usual
manner, by q public canvass of the ballots
cast at such meeting, and declared by the per-
son presiding at such meeting, and recorded
by the town clerk of such town, or the record
er of such village Gas the case may boy and"fn
case the voting is for the purpose of issuing
the bonds Of the county, then the return and
canvass Of SUCH election shall be made in the
same manner that returns of election of coun
ty officers are made.
SEC. 4. If majority of the votes cast at
such meetings, in the case of vote for the
issue Of county bonds, or ut such meeting 10
the case of a vote for the issue of town or vii
lage. bonds (as the case may be) shall be in
favor of the Issue of such bonds, it shahsbe
Law tul for the county commissioners of such
county, for and in the name of such county,
aud the supervisors Of such town, for and in
the name of such town, and the village coun
Gil of such village, for and in the name of such
village, to make and enter into contract with
any corporation or company having authority
to construct such rsilroad providing on the
part of said county, town or village, for the
issuing of said bonds to the amount so voted,
upon the terms and conditions stated 10 the
said notice Of meetings, and in conformity
with the provisions Of section five Of this act,
and on the part of said corporation or compa-
ny for the construction OF said railroad, and
for its performance of and compliance@>with
the terms and conditions stated in said con-
tract, which contract, when executed, shall be
binding upon and enforceab1e by each Of the
several parties in behalf of which it shall be
made, its successors and assigns. And Upon
the said corporation or company, its successors
or assigns, complying with and performing
the terms and conditions specified in the said
contract, or in the said notice of meeting in
case a contractis' not executed, it shall be the
duty Of the board of commissioners of such
county, for and in the name Of such county,
and of the board of supervisors of such town,
for and in the name. of such town, and of the
village conncil Of such village, for and in the
name Of such village, to issue and deliver to
the said corporation or company, its success.
ors and assigns, the bonds Of said county
town or village, (as the case may be)'to the
amount 20 voted, with interest co.pons At
tacbed in accordance with section fee'ef thi,
act.SL Provided, that no bonds. shall be ISSUED
or delivered to the corporation or company By
virtue Of any contract OF. notices Of meeting
until the road, branch or extension thereof
for the construction Of which the bonds have
! been voted, shall have been completed ready
for the passage Of, and the cars are running
thereon, through or to the district granting
aid, or to the nearest point in its line to sucl
district. Or To such point n IL mentioned in tn