Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1882-10-25
Dated, October 18th, 1882.
THE Sr. CLOUD, MANKATO AND AUSTIN
RAILROAD COMPANY.
NOTICE OF SPECIAL ELECTION.

WHEREAS, An application has been made by
the "St. Cloud, Mankato and Austin Railroad
Company to the town OF Lansing, whereof
the following ID copy:
TO the Board of Supervisors Of the town of
Lansing. and to the Town Clerk of the said
town OF Lansing, Mower county, Minnesota:
"The St. Cloud, Mankato and Austin Rail-
road Company" corporation organized and
existing under the laws of the State OF Mimi
town Of Lansing for The issuance and dona-
fSn S sS The said 9ndsr the pTpys
State q Hinnesota. Approved March arc 81 ttS,
1877, entitled. An act to authorize municipal
corporations to aid in the construction Of rail-
feesa:Sre 81 the s SAID % net. 81
the bonds of the said town Of Lansing to the
aggregate amount of four thousand l4,0UOl
sum Of one thousand dollars (@l,ooo> each; to
sry i:t, 4: D., isss. but wi With tho privilege Of
the said date, to the Company, or bearer, at
the First National Bank of St. Paul, Minneso-
Ia. to bear interest at the rate Of six per CEN
uary in each year: and to have issued there
with and annexed thereto, interest coupons
for all such installnents of interest.
ton thereto Of the said bonds, the said Rail-
road Company will construct, complete and
put into operation, its line Of railroad as fol-
lows:
From St. Cloud, via. Mankato and Austin.
through the township of Lansing, TO the State
line, at the Southern boundary OF the State
Of Minnesota, to be completed and the cars
after December 18th, 1882, and will, in consid-
Grafton Of said bonds, at the election of said
town ~ Lansing, issue to II such number of
the shares OF its capital stock as will at par
value of such stock correspond with the prin-
cipal sum Of said bonds.
In case the said railroad company, its suc-
SAID PORTIONS q tie said railroad ia the time
herein provided, 1t shall forfeit and lose all
right to have and obtain all that portion OF
the portion or portions Of the said railroads
80 failed to be completed.
The said bonds shall be delivered to the said
Railroad Company. Its successors or assigns,
When the railroad Of the said St. Cloud,
MankatO and Austin Railroad Company shall
thereon, from Austin to the State line, con-
Meeting with the railroad no n leased and ope-
rated by the Illinois Central Railroad Compa.
ny, Or with some railroad other than that OF
the Chicago, Milwaukee i st. Paul Railroad
lp order to insure the faithful performance
by both the said town of Lansing and the
said railroad company, of the foregoing con-
ditions in respect to the issuance of the said
bonds, the said bonds shall, within thirty (30)
days after the canvass of the vote authOriz-
tea by the said town Of Lansing, and be plac-
ed In escrow In the hands OF the President of
the FIRST Nat1On8l BANK OF st. raul, M1nne6O"
ia, to be delivered to the said railroad cOmpa-
q! Its successors or assigns, as herein provi-
ded. and not otherwise; and the certificate OF
stock to be exchanged therefor, shall be
placed with the same depositary at the same
timQ.
But, in case the said railroad company shall
rail- TO acquire the right tn have delivered to
it any portion, or the whole of the said bonds,
by failure to build and put into operation the
said portions of the said railroad, in the
times aforesaid, In such case ali such pOr-
tiOns OF the said bonds as the said company
shall have 30 failed to perfect it's right to
have delivered to 1t, shall, upon the demand
Of the said town of Lansing be surrendered
to- the said town Of l.snsing for cancellation.
The ST. CLOUD. MANKATO AND AUSTIN
RAILROAD COMPANY, i
BY w. T.. BONNIWELI, President.
Attest: J. H. BAKER, Secretary.
Now, therefore. notice IL hereby given, that
an Ell oti0n will be held at the usual polling
places IN each election precinct in the said
town OF Lansing. tO-wit: At the Ramsey
School House, on Tuesday, the 7th day Of No
vember, 1859, beginning at 9 O'Clock A. H., and
closing at O'Clock p. n, of that day, for the
purpose OF voting upon the said proposition
All voters at said election voting In favor OF
the said proposition, must have written or
printed, Or partly written and partly prin!ed,
3ss,S Sss!' "a a. Totsrs e. ia
ton, voting against the sa1d proposition.
must hive written or printed, or partly writ.
words, "AQasnst ne RoaToad Proposition
Dated, October x3d. A. d., 1852.
JOHN NATHIESON,
Town Clerk.