Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1883-05-31
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Following il the full text of the csn-
tract our property holders viii enter
into with Messrs- Denny and Catzert,
trustees selected to secure the collec-
ton of the sI50,oU sobserlbed TO assist
in the building of thetGreen..River Rail-
road:
Whereas certain property owners Of
Seattle and vicinity have subscribed va
rious sums TO q subscription list, the
terms and conditions Of which are gel.
forth as follows, to-vit:
Whereas, We, the undersigned, prop
erty owners Of Seattle and vicinity. are
desi rous Of securing the construction Of
q standard gage railroad from the city
Of Seattle by way Of Renton up the val
ley Of Cedar river TO the Green river
coal fields, and TO connect With the Cas-
esde division Of the Northern Pacific
Railroad; and whereas, We are DESTROYS
Of securing the shipment of said coal
over said railroad to Seattle: and
whereas. on the 10Th day Of April, 1se3,
certain citizens Of Seattle and vicinity
proposed to Henry Willard TO give to
him or 70 any company to be designat-
ed By him subsidy of $50 900 on con-
dition that be or such company shouid
build the above described railroad with
IN a reasonable time; said sum 10 be
payable when said road shall be COM
pleted and in operation TO point at
lear twenty fvs miles from Renton
eastward up the Cedar river valley; and
whereas, said proposition was assented
to by said Willard; and whereas, he has
designated A. l. Denny and Bailey Cat
zsrt a. trustees TO receive said subsidy
and pay the same TO said company when
said road shall be completed and II op-
Grafton 70 said point, now, We, the un-
dersigned. agree to pay to said A. A.
Denny and Bailey Gatzert, as trustees
as aforesaid. the sum set opposite our
respective names upon the following
terms and conditions, to-vit:
FIrst-1hat said sums shall be paid
by rs to said trustees as soon as there
shall be completed and in operation q
standard gage railroad from Seattle by
way of Renton, up the Cedar river val
ley to said Green river coal fields, at
least twenty miles above BENTON.
Second-Tha. the construction of
twenty miles of railroad, from Renton
eastward, up said Cedar river valley.
shall be commenced on or before the
3Oth day of July, 1883, and shall be COM
pleted on or before Mag LIST, 1854; and
that there shall be direct connection.
by standard gage railroad, by way of
Renton and Cedar river valley, between
Seattle and said Green river coal fields
on or before May 1st, 1884.
Third-Ihat all the coal production
of said coal fields, controlled by said
company, and shipped TO Puget Sound.
shall be shipped over said road TO Seat
tie.
Fourth-That it is distinctly and ex-
pressly understood that said railroad up
Cedar river valley shall be continued by
said company to a junction with the
Cascade division of the Northern Pa
cific Railroad, and form a complete
connection with said division, said con-
nection to be made as soon as said divi-
sion shall be built to a point nearest to
the end of said Cedar river valley road.
Fifth-And it is further understood
that in case the amount subscribed
hereto and collected by said trustees
shall exceed $3.50, 900, the said trustees.
after having paid to said company the
sum of $4,000, shall return to said
ouooSiiooi ., IA pfOpOttiou 10 cSsCu one
subscription. the excess remaining in
the trustees hands; and, whereas, the
said sum of : l50,0O0 has been subscribed
upon the terms and conditions afore-
said.
Now, in consideration of the said
trustees, A. A. Denny and Bailey Cat
cert, guaranteeing to the satisfaction of
the beneficiary in said subscription,
the collection and payment of said sub
scription of $4,000, upon the terms
aforesaid, We, the undersigned sub
scribers to the said original subscrip-
ton, do hereby engage and pledge our
selves to said trustees, each in propor-
.ion to the amount of his original SUBJ
scription to the fund aforesaid, to the
collection from said subscribers and
payment to said trustees of the said
sum Of $l50, 900, according to the terms
of said subscription, the said trustees
also caring their pro rata share of this
guarantee.