The Superior times. [volume] (Superior, Wis.) 1870-1912, 1879-03-08
Published February 27, 1879.
CHAPTER A.

AN ACl 10 euaO!H Duu9la5 county 10 COM
promise the litigation concerning its out
standing bonds, and to use portion of the
same to accomplish the purpose for which
they were issued.
Whereas, the county of Douglas in 1872
issued to the Superior and ST Croix Railroad
Company three hundred and fifty onds. of
said county, of one thousand dollars each, to
aid in vhe construction Of railroad in said
county; and, whereas, subsequently, seventy
five Of said bonds were delivered to firm
OF Walbrdge Bros Il Sargent, contractors,
to construct said railroad, and two hundred
and seventy five of said bonds were placed in
the bands OF the First National Bank of Madi-
son, Wisconsin, as trustee, to hold the same on
certain conditions; and whereas, protract-
ed litigation has been going on in the courts
between siid county of Douglas and said
firm Of Waibridge Bros & Sargent and other
parties, defendants, in relation 10 the title
and ownership of said bonds, which litigation
is about to be mutually arranged and COM
promised upon such basis that said two
hundred and sevent, five OF said bonds are
to be returned TO said county to be cancelled,
but that such compromise depends upon OBJ
tanning authority from the legislature to use
fifty of said sew nty five bonds delivered to
said firm, for the purpose of aiding in the
construction of a railroad in said county
hereafter; now, therefore,
The people OF the state Of Wisconsin, repre-
sented in senate and assembly, do enact as
follows:
Section /. Upon the deposition by the
said firm of Walbridge Bros Sargent, with
the present chairman of the board of super
visors OF said county as trustee, within forty
days iIom The taking effect of this act, of
SAID fifty bonds, with all the coupons at
tached thereto when they went into the
hands Of said firm, 1t shall be the duty Of
said board OF supervisors, as early as they
may deem eXpedent, and within the present
year, to submit to the qualified voters of
said county proposition, in substance as
follows: That said fifty bonds shall be de
livered by said trustee to such railroad COM
pany as shall, on or before a dav to be
named in said proposition, not less than two
nor more than three years from tie passage
of this act, have completed and made ready
for use a rail road within the county of Doug
las from the bay of Superior TO the Mime
sofa state line, either on or near the line To-
Gated by the Superior and st CrOix railroad
company, equal in quality TO the Northern
Pacific IA iroad at the tme Of its cOEstruc-
ton, and a like road from said state inc to
connect with the Northern Pacific railroad IN
Carlton county, n Minnesota, in exchange for
like amount OF the stock of such companY;sucn
bonds not % be delivered until such road is
completed and cars running thereon, adequate
for the demands of business on the road all
the coupons Of said bonds falling due prior
to such delivery To be cut of by said trustee,
and Cancelled in the presence of the said
board.
Section 2. 1t shall be the duty of the coun-
ty clerk OF said county, upon the order and
direction OF the county board, to cause to be
published in newspaper published in said
county, if there be one. and TO post up in at least
three public places in SAID county, a notice
that special election will be held in said
county the usual place CT holding cleo
tions, upon day to be mentioned in said
notice, not less than fifteen days after the
posting of said notices, and publication, If
there be one; ct witch election tile qualified
electors shall vote upon the proposition men
ii, ned in the preceding section, which prop
osition shall be substantially set forth in said
notice. Votes cast at such election in favor
of such proposition shall be oy ballot, with
the words For using bonds for railroad"
Votes against such proposition shall be by
ballot, with the words against using bonds
for railroad" written or printed thereon.
Section 3. Such election shall be con-
ducted IA d he result thereof canyassed, GER
tiied and published in like manner az is pro-
vGed by law in the case of special election
for the election of a county officer, so far as
such provisions may be applicable
Section 4 If majority of the votes at
such election shall be cast in favor Of such
proposition, it shall be the duty of the trus-
tee having cllsto of said fifty bonds to
safely keep the same and TO deliver them,
less the coupons required to be cut off, to
the railroad company which may be entitled
thereto by compliance with the provisions OF
the first section of this act, in exchange for
a like amount of the stock of such company
Section ) Ii majority of the votes cast
at said election shall be against the pr, po-
siron 20 Use bonds for railroad, the said
trustee shall Immediately cancel and destroy
said fifty bonds and coupons Of the same in
the presence of the beard of supervisors of
said county, and if the majority of the votes
shall b, in favor of said proposition, and no
shall become entitled to said bonds
by compliance with the provisions Of this
act, then the said trustee shall cancel and
destroy the said bonds and coupons in like
manner.
Approved February %, 1919
JAMES RARDON