Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1882-11-01
NOTICE OF SPECIAL E1rcr1ou

WHEREAS, An application has been made
by the st; Cloud, Mankato & Austin Rairaod
Company: to the city Of Austin. whereof the
following is copy: VIVA WA WV
To the Common Council Of tho o;+v NJ A,,a
tin, and to the City Recorder of the ssid city
OF The st tioS Ges SS*nn'y, Minnesota;
Company, corporation organized and exis-
ting under the laws of the State Of Minneso-
to, aere6y makes M. application to the said city
the said company. under the provisions Of
that certain act of Legislature Of the State of
tied Act % March 5.h en,
tior,s to- aid in the construction Of Taiirnis.;'
and under the subsequent acts of said Legis-
lature, amendatory of the said act. Of the
gate amount of twenty thousand ia. 0s)0e dol-
lars; such bond to be for the principal sum of
one Thousand dollars Isl .OOO) each; to be paya-
A. D.. 1883, but with the priviieee Of payinr 1 ai
any time after i've ~ years from the said
dnte, 10 ne company, or bearer. at the First
interest at the rate of six per centum per
year, payable on the first day of January in
each year; and to have issued herewith and
annexed thereto, interest coupons for ali
such installments of interest.
In consideration OF the issuance and dona-
ton thereto or 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, to
the State line at the southern boundary of
the State OF Minnesota, within two years
from and after December 18th, 1882, and will,
in consideration of said bonds, at the election
of said city OF Austin issue to it such number
OF the shares Of its capital stock as will at
par value OF such stock correspond with tho
principal sum of said bonds.
In case the said railroad company. its Sue
said portions Of the said railroad in the time
herein provided. it shall forfeit and lose all
aGat to nave ana 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
| have been constructed with the cars running
line. and connecting with the railroad now
| leased and operated by the Illinois Central
! Railroad company. or some railroad other
than the Chicago, Milwaukee g. st. Paul Rail
| way.
! In order to insure the faithful performance
by both the said city Of Austin and the rail
road ros company Of the foregoing conditions in
SAID bonds shall, within thirty (3O) days after
the canvass of the vote authorizing the issu
ance OF the same he duly executed by the
! said city OF Austin aud be placed in escrow
| In the hands of the President of the First Ma
ttonal Bank of St. Paul, Minnesota, to be de
| uVereu 10 tue SAlO fdllrOaO company. Its sue
| cessOrs or assigns, as herein provided, ane
| not otherwise; and the certificate OF stock t
be exchanged therefor, shall be placed will
the same depositary at the same time.
| But, in case the said railroad company shall
fail to acquire the right to have delivered t.
| it any portion, or the whole of the said bonds
by failure to build and put into operation thu
said portions of the said railroad, in the time
aforesaid, In such case all such portions OF tn
said bonds as the said company shall have S,
failed to perfect its right to have delivered t,
| it. shall, upon the demand of the said city o
Austin, be surrendered to the said city O.
Austin for cancellation.
Dated, October 18th, 1882.
THE ST. CLOUD, MANKATO AND AUSTIN
RAILROAD COMPANY.
By w. 7. BONNIWELL, President.
Attest: ]. H. BAKER, Secretary.
| Now, therefore, notice is hereby Civ en-, tina
| an election will be held at the usual pollin,
places in each election precinct in the sal
city of Austin, on Tuesday, the 7th day O
November, 1882 beginning at o'clock A. M
and closing at o'clock p. NJ, of that day. 70
the purpose Of voting upon the said PROPOSE
ton.
All voters at said election voting in fayo
of the said proposition, must have written q
printed, or partly written and partly printed
upon their ballots, the words. "FOr the Raj
road Proposition" and all voters at said elel
ton. voting against the said proposition
must have written or printed, or partly wri
ten and partly printed, upon their ballots, tn
words, Against TIE Railroad Proposition
Dated, October 23d, A. D., 1882.
ROBERT GRIFFITH,
City Recorder.