The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1883-04-13
Notice Of Special Election.

| WHEREAS, an application has been made
by the 'St. Cloud, Mankato and Austin Rail.
| ROAD Company to the Township of McPher-
| son, whereof the following Is Il copy:
| PROPOSITION
TO the Board of Superv isors Of the town of
Mcpherson, and 10 the Town Clerk of said
town OF Mcpherson, Blue Earth county.
! NJ Minnesota.
The .'st. Cloud, Mankato and Austin Rail.
| road Company" n corporation organized and
existing under the laws of the State of Min.
| nesota. hereby makes application To the said
| town OF Mcpherson, for the issuance and
donation Ia the said Company, under the
provisions of that certain act OF Legislature
! of the State of Minnesota, approved March
9TH, 1871, entitled "An Act tn authorize muni-
| cipal corporations To aid in the construction
OF railroads., and under the subsequent acts
| oil SAID Legislature. ainendatOry of the said
| aci, OF the bonds of the said town of McPher-
| son, To the aggregate amount of three thou
SAND $4,000 dollars; such bonds To be- for the
principal sum OF one thousand dollars Isl, UOO)
each; To he payable in twenty C:0) years from
| january LIST, "A. ID. 1881, but with the privilege
| OF pay ing at any time after five (5) years from
the said date, to the Company, or bearer, ut
| the First National Bank of st. Paul, Mime
| sofa, TO bear interest at the rate of six per
| ccntun per year. payable on the first days of
| january IN each year, and to have issued
herewith, and annexed thereto. interest cou-
pons for nll such Instruments of interest.
| In consideration OF the issuance and dOna-
| ton thereto of the said bonds, the said Rail-
| road Company will construct, complete and
put into operation. its line of railroad us fol-
| lows:
From ST. Cloud viz. Mankato and Austin
| through MCPHERSON. in Blue Earth county,
to the state line, ut the Southern boundary
| o1 the State OF Minnesota, within two years
| from and after December the fifteenth 49,
| 1Ss?, and will i'm consideration of said bonds,
| at tho election Of said town of Mcpherson,
| issue TO IL such number of the shares of its
capital stock us will at par value of such
stock correspond with the principal sum of
| said bonds.
In case the said railroad company, its sue
| ccssors or assigns, shall fail To complete the
| said portions of the said railroad In the time
| herein provided, IL shall forfeit and lose all
right to have and obtain all that portion of
portion or portions of the said railroads SO
| failed tn he completed
The said bonds shall be delivered to the
sald railroad Company, its Successors or as
| signs as follows:
When the railroad of the said St Cloud,
Mankato and Austin Railroad Company shall
| have been completed and the cars running
thereon through the town of Mcpherson, and
| locating the depot within eighty (S0) rods of
the northeast corner Of the northwest quarter
| of section No IL, town lU7, range Is.
| In order To insure the faithful performance
| by both, the said town of McPherson ana the
| said railroad company, of the foregoing con-
ditioiis In respect To the issuance of the said
bonds, the said bonds shall, within thirty (3O)
| days after the canvass of the vote authoriZ-
/
| ed by the said town or Mcpherson, and Dc
placed in escrow in the hands of the president
| of the First National Bank of St Paul, Min.
| nesota, to he delivered To the said railroad
| company, its successors or assigns, as herein
provided, and not otherwise; and the certiti-
| cate Of stock To he exchanged therefor, shall
bc placed with the same despositary at the
| same time.
| But, In case Of the said railroad company
shall fail To acquire the right To have de
livered To it any portion, or the whole, of the
said bonds, by failure To build AMI put into
| operation the said portions of. the said rail
| road in the times aforesaid, in such case all
slleh portions of the said bonds as the SAID
| company shall have so failed to perfect its
| right To have delivered to il, shall, upon TIT
| surrendered to the said town of Mcpherson
| for cancellation.
Dated April 18th, 1853.
THE ST. CLOUD, ..ANKATO AND AUS
TIN RAILROAD COMPANY.
BY w. II. BoNNIwEIA., President.
Attest j. ii. BAKER, Secretary.
| Now. therefore. notice is hereby given, thai
| an election ill he held at the usual polling
| place In the election precinct In the said
| township Of MCPHERSON, on the 2Sth day Of
April, 1889, beginning at o'clock A. NJ, and
| closing at 3 O'Clock =. NJ, of that day, for tn,
purpose OF voting upon the said proposition
| All voters at sand election voting in favor
| of the said proposition, must have written ol
printed, or partly written and partly printed
upon their ballots. the words, For the Rail
road Propostion, and all voters at said elcc-
| ton, voting against the said proposition
| must have written or printed, or partly
written and partly printed, upon their bal
lots, the words, Against the Railroad PrOpo-
| sition."
| Dated April 18th, A. d., lss3.
| J. l.. COOK, Town Clerk.