Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1883-05-03
Notice,

Whereas, on the 1st day of May 1888. the
Wisconsin, Pittsville and Superior Railway
Company delivered to the undersigned Town
| Clerk OF the town of Wood, and caused to be
! filed in the office of said Town Clerk, propo-
sltion in writing. copy OF which is hereinafter
| set forth as a part of this notice.
And whereas, afterwards on the End day OF
| May 1888, the said Railway Company in writing
| requested the undersigned as such Town Clerk
| to give public notice that imm ediately after
! the 10th day of May 1888, a petition to the
Board of Supervisors and Town Clerk eff said
| Town, praying that said proposition be accept
! ed and carried into effect will be presented to
the resident tax payers of said town for their
signatures.
| Now therefore, notice is hereby given that
after the 10th day of May 1885, petition to the
Board OF SupervlsorS and Town Clerk of the
Town of Wood in Wood county, Wisconsin,
! praying that such proposition may be accepted
and carried into etfec, will be presented for
| their signatures to the resident tax payers of
said towp. Tne said petition containing a
| copy OF the said proposition is hereunto ap-
pended and made a part of this notice.
| Dated May Ind 1888.
ORIN GRAY,
Town Clerk of Town of Wood, Wood Co. Wis.
| Petition containing copy of pro position re-
! ferred to In above notice.
To the Board of Supervisors and Town Clerk
| of the town Of Wood, in Wood Co. Wis.
Whereas the Wisconsin. Pittsvlle and Super
Tor Railway Company did on the LIST day of
| May 1888, deliver to the Town Clerk of the said
| town of Wood, and cause the same to be filed
! in the office of said Clerk, a proposition in
writing IN the words and figures following viz:
The Wis cousin, Pittsville and Superior
| Railway Compdny propose to construct line
| of Railway from near Remington to within ono
half mile of the Village of Pittsville, in said
/ Wood Co. ProUided, the said town Of Wood
| shall in due form Of law agree to take and in
, fact take the capital stock of said Railway
| Company In the amount of Eight Thousand
dollars In exchange for its corporate Bonds to
be issued in like amounts to said Railway Com
pany.
| And the said Wisconsin, Pittsville and Su-
perior Railway Company propose to the said
town of Wood to take eighty shares of one
hundred dollars each of the capita stock of tn
said company and to secure payment thereof
in the manner and on the terms hereinafter
mentioned.
| FIRsT.-This proposition shall be submitted
/ to the resident tax payers in said town for
| their acceptance or rejection in the manner
prescribed in irst subdivision of Section 946 OF
the Revised Statutes of this State.
SEcoND.-If majority of the resident tax
payers in said town who were assessed for ia xes
on real or personal property in said town us
shown by the last assessment roll shall be in
favor Of the said proposition submitted as
! at resad, then and in that caseit shall be the
duty of the Town Clerk and chairman of said
town without delay for and in behalf of said
Town to subscribe for 80 shares of said stock OF
said company being Eight Thousand dollars in
| the aggregate and to secure payment for the
said stock at par bY the Bones If said town
payable to bearer, and for that purpose the
! board of Supervisors shall forthwith duly exc
cute under their hands and seals 20 bonds of
| said Town of 500 each payable in four years
20 bonds of Si0J each payable in six years
| Two bonds of one Thousand dollars each pay
able in eight years and two bonds of one
| thousand dollars each payable in ten years, in
! a usual form OF corporate bonds and dated Nay
LIST 1888, with interest at eight Per cent. pay
able annually, with the usual interest coupons
attached. Both interest and principal payable
at the First National Bank OF Milwaukee
If said proposition be accepted said bonds
/ shall be forthwith executed as aforesaid and
/ delivered TO Lawrence Ward of said town of
| Wood in trust to be delivered to said Railway
Company as hereinafter provided. That is to
say when said line of railroad shall be fally
completed and supplied with the necessary
rolling stock and in operation the whole length
thereof, the said trustee shall forthwith deliy-
er said Bonds to said Railway Company. At
the time the Bonds are so delivered the said
trustee shall cancel all the accu-
fmulatea interests upon the
coupons, due upon said Bonds up to the date OF
such delivery. and shall also deliver to said
town fu paid stock certificates of said stock
which .allbe placed in the hands of said trus-
tee tor that purpose, at the same time the said
Bonds are lett with him to the full amount oil
the Bonds so delivered by said trustee to said
company.
The said Railway Company hereby pray that
the said proposition be accepted.
Dated May LIST 1888.
! The Wisconsin, Pittsville and Superior
| Railway Company by,
lsEALJ GEO. HILEs, President
II. L. DoUD, Secretary.
The undersigned resident tax payers residing
and who were assessed for taxes on real
or personal property in said town as shown on