Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1879-03-27

AN ACT to authorize the city of Austin in
the county Of Mower to issue its bonds
to aid IN the construction of Railroads,
and providing for the payment Of such
bonds bY taxation.
Be 1t enacted by the Legislature Of the State
Of Minnes0ta:
SECTION l. That it shall be lawful for
thecity of Austin, in the county Of Mower,
to aid in the construction Of railroad,
starting from some point on the Southern
Minnesota Railway, and running thence
to said city of Austin, and also railroad
from said city of Austin to south line OF
the State of Minnesota, thence to connect
with a railroad leading to the city of
Chicago, in the State Of Illinois, and for
such purpose said city Of Austin is hereby
authorized to issue its bonds as hereinaf:
ter provided.
SEC. 2. Whenever petition signed by
twelve resident taxpayers asking that the
question Of aiding in the construction Of
said railroads or either of them, shall he
submitted to the electors of said city, shall
be presented to the Common Council or
other legislative body of said city, it shall
be the duty of said Common Council or
other legislative body of said city immc-
diately to fix the amount proposed to be
given IN aid of the construction of such
railroads or railroad, and to give notice
of a special election 10 be held in said
city to vote upon the question of giving
such aid to said railroad or railroads.
Such election shall be called upon q NO.
tice Of al least twenty days, which notice
shall be published at least twice In some
newspaper published in said city, and
shall be posted in at least three public
places in each ward in said city at least
ten days before the day Of holding such
election. Such notice shall state gener-
ally the object of such election, the time
of holding the same, the places where the
polls shall be held and the amount of aid
proposed to be voted, which election
shall be held and the votes canvassed and
returned as near as may be in the same
manner as annual city elections and can.
wasting aud returning the votes thereat.
SEC. 8. Each elcctor voting at any
such election in favor OF granting such
aid shall vote by ballot, having distinctly
written or printed, or partly written and
partly printed thereon the words "For
Railroad Aid-Yes," and each elector
voting at any such election against grant
ing such aid shall vote by ballot having
distinctly written or printed, or partly
written and partly printed thereon the
words "For Railroad Aid-No." It a
majority of such electors present and vot.
ing ut such election on the question of
granting or refusing aid to such railroad
or railroads shall vote in favor Of grant
ing such aid, it shall be the duty of said
Common Council to execute the lamount
of bonds % voted. Said bonds shall be
in denominations of not over one thous.
and dollars nor less than one hundred
dollars and shall bear a rate Of interest Of
six per celtum per annum, payable semi
annually, which shall run from the day
of their date, and said bonds shall be
payable alta time not less than fifteen
years nor more than thirty years from
their date. Said bonds shall be signed
by the Mayor or other Chief Magistrate
of said city, or by the Recorder, or other
officer keeping the records Of said city,
and be sealed with the seal of said city;
they shall have interest bearing coupons
attached In the usual form, which shall
be signed by the Recorder Or other s'mi'