Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1885-04-11
TOWNSHIP BOND MEETING
AT COURTHOUSE. MONDAY,
APRIL 8, 1886.
Washington and Sni-a-
Bar Townships all Represented.
Unity of Sentiment and Harmony of
Action.

!. LEXINGTON, Mo. April 6, 1885.
The meeting of rel resentatives fror
Lexington, Washington and Sni- a. -Ba
townships, as called by the taxpayers
\ executive committee of Lexington
township, to consider the proposition
of compromise, recently made by Mr.
Thos. 4. skinker, met in tho court
house, to-day, at II o'clock, a. m.
The meeting was, by request. callet
to order by A. A. Lesueur, who briefly
explained its purpose.
Col. Henry e. Chiles was elected
president, and A. A. Lesueur secre.
tary.
The following named gentlemen were
reported to be duly accredited dele
Igates from the three interested town
ships:
Lexington Township-Thomas Shel.
by, W. A. Gordon, W. G. McC Causland
Jos. F. Smith, A. J. Slusher, Rober,
Taubman, Robt. Taylor, Baxter Lank-
ford, N. c. Ewing, Thos. B. Campbell,
Jno. II. Howe, A. A. Lssueur.
Washington Township Henry c,
Chiles, Charles L. Ewing, Robert
Matthew's, John e.. Worthington, j. M
Withers, c. M. Oliver, A. W.Douthitt
Sni-a-Bar TOwnship-T. s. McChes.
ney, D. Reddington, J. c. Cobb, G.
D. .Satter6eld, j. A. ]. McCauley, R.
T. Russell, j. A. Prather.
A considerable number of prominent
citizens, large Taxpayers, were inter
ested spectators.
Upon inquiry 1t was reported to the
convention that neither Judge Krskel
nor Messrs. Skinker and Henderson
were in the city. as had been expected
Upon q call Of the roll it was ascer.
tained that quorum was present and
business was proceeded with.
On q motion which was unanimously
carried the chair appointed commit
tee Of two, Messrs. Russell and Douth.
lit, to invite Prosecuting Attorney Jno
8. Blackwell to address the convention
In the absence of the committee Mr..
W. B. Steele was asked to read to the
convention the proposition submitted
by Mr.. Skinker, which he did, as fol.
lows:
We, the undersigned, owning or rep.
l. fiYncr tho 0vpnora nf honda nd oo,1
pons and judgments on bonds and
conpons issued in the name of the
county Of Lafayette for and in behalf
of the townships of Lexington, Wash
ington and Sni-s- Bar, to the amounts
set opposite our respective names, dc
hereby propose to compromise and
fund the same in new coupon bonds to
be Issued under the provisions Of article
l, chapter s3, revised statutes of Mis-
souri,, Oh the following terms, to-wit:
l. For and in full satisfaction of each
judgment we. will accept such new
bonds at the rate of sixty-five (65) per
cent. of the face OF such Judgment with
interest thereon computed to the date
of the new bonds; court costs to be
paid in full in new bonds.
| 2. For each bond and coupon not in
Judgment we will accept such new
bonds at the rate of fifty-seven (57)
per cent. of the face of such bond or
coupon, with interest thereon comput-
cd from the maturity thereof to the
date of the new bonds, or, in case of
bonds not yet due, with interest COM
puted from the 18th day OF July, 1884.
8. Tho new bonds shall bear inter-
est at the rate of six per cent. per an
mum, and they and their coupons shall
be payable at some place in the city of
St. Louis, TO be designated OH their
face.
4. For purposes Of redemption the
new bonds shall be divided into four
classes, and shall be redeemable at the
pleasure of the proper township, as
tellows: Those of the first class at
any time after the lapse Of five years
from their date; those of the second
class at any time after the lapse of ten
years from their date; those of the
third class at any time after the lapse
of fifteen years from their date. Those of
the fourth class shall not be redeema-
BILE before maturity. Each bond re-
deemable before maturity shall specify
upon it, face when it shall become re.
deemable. Each person comprolnis-
ing shall be entitled to receive bonds
Of each Of said classes in equal amounts
~ nearly ~ may be.
8. Ii the terms herein proposed shall
not be approved and accepted by the
qualifed voters of said townships at
elections to be held under and in pur-
| suance Of said statute on or before the
z2d day of May, 1885; or if the now
bonds shall not be ready for delivery
on or before the SOth day of June,
1885, then this proposition shall be
void and Of no effect; otherwise to be
of full force and binding on us and
those whom we represent for the
amounts severally subscribed by Us,
provided that if said terms shall be ap-
proved and accepted by the qualified
voter: OF any ono township, the COM
promise shall proceed, so far a. that
township Is concerned, regardless of
the action Of the other townships.
T. Z. ..ekinker. as the representative
OF oonds coupons anu judgments
against Lexington township, to
And against Washingten township
TO the amount OF -;;...:........... 1921 %
And against SnI-a-BAr township 10
John h. Overall a. representative
OF bonds, coupons and judgments
against Lexington township to tho
And against Washington t:wn.hp 0'S' ."
to the amount Of g.; -. 81. .4sl 50
j. Henderson for himself and as
attorney for others against Lex
ington township ............ los, $50 90
Henry Z. Jones by o. l.. HOuts,
attorney, judgments vs. Lsxing-
ton township In United States cir
cult court at Kansas City. dated