Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1885-05-23
NOTICE OF SPECIAL ELEC-
TION.
LEXINGTON TO wNsHIP BONDS.
LAFATErTE COUNTY COURT, MAY TERa-sHcoND
DAY-MAY S, 1885.

LAFATErTE COUNTY couar, MAY TERM-sEcoMD
DAY-MAY S, 1885.
NOW, at this day, is presented to the court a
ident taxpayers of the municipal township OF
Lexington, In the county OF Lafayette and stste.
@, M,s ,@ ar .n RBrayinT the III ,S court II IT 70 ST s1bm t and
said Lexington township. at u special election
to be called and held for that purpose. q propo-
eition 10 compromise the following bonded in
d. btedness of sald Lexington township upon
the following terms and conditions, to wilt: The
SAID bonded Indebtedness being the residue on
the outstanding uncompromIsed railroad bonded
indebtedness OF said township. represented by
the subscription of seveniy-Gve thousand dol.
lars in bonds heretofore issued in the name OF
said county, for and IN behalf of said township.
in pay ment of a subscription to the capital stock
panT, as shown by the records OF said county
court of said county. and also the remainder
sue of seventy-nve thousand dollars, here
tolore Issued in the name of said coun-
ty, and in behalf of said township. in
payment OF q subscription TO the capital stock
OF the Lexington. ChlllIcothe and Gulf Railroad
company. as shown, by the records of said
county court, ia that behalf, the said residue Of
said Indebtedness as aforesaid, including any
ard all judgments that may have been rendered
thereon and representing said bonds and cou-
pons, and not heretofore compromised, to wit:
First-Ths said bonds issued to the said ST.
Louis and st. Joseph Railroad company ss
aforesaid. amounting on the face tn reol to the
sum Of seventy-fve thousand dollars, together
with the unpaid coupons attached thereto. or
ol1ki0bby uetOukluB LueTttO, Tue PURPOSE LOT
which said last named bonds and coupons here
proposed to be compromised were Issued being
10 aid in the construction Of what was known AZ
the st. Louis and st Joseph Railroad, and were
subscribed 10 the capital stock of said company
and Of which said amount thirty seven thou
sand 6ve hundred dollars were issued and dated
Sept. l. A. 1888, thlrty-seven thousand I've
hundred dollars were issued and dated March
Is, 1859, due respectively ten years after date.
shown by said bonds; and also the said
bonds issued to said Lexington. Chillicothe and
| llplf tlrna pnVl asu ne n 20 AL
on the face of said bonds to thirty-eight thou.
sand dollars. together with all unpaid coupons
Nd aforesaid, anu being the residue of the I'M
compromised bonds and coupons OF the said is
sue OF seyenty-ive thousand dollars to said last
named railroad company. the purpose for which
said last named bonds were Issued, being to aid
IN the construction OF what was known ss the
Lexington, ChiilIcothe and Gulf Railroad. all /.
dated July -. 1870, and due and payable, rs
shown by the said issue Aforesaid In i've. seven.
nine, eleven and thirteen years from the said
date, and bearing ten Der Cent. interest from the
date OF said bonds.
Second-Said incorporated and outstanding
bonds and coupons. or Judgments thereon, rep
be compromised and funded in new bonds Of
said county IN behalf OF said township. as pro-
vided by law, rs hereinafter stipulated, IA Iol-
lows:
On each aud all bonds and coupons not In
Judgment In new bonds ut the rate OF ltty seven
$50 per cent. u the face OF sucn bonds or cuu-
pons with Interest thereon computed from ma
lurity thereof 10 the hrst day OF Jsiy, A: u,
1895. or IN Case OF any bond not being due al
said date, then with interest computed IRON the
18th day Of July, 1854
And Tor aud in full satisfaction of each judy
ment In new bonds ut the rate OF six y-tive 1851
per cent. OF the lace OF such judgment. win IN
terest thereon computed TO the sad Dir. day oil
July. 1850, court costs to he paid IN full In new
bonus.
Third-Said funded or compromise bonds 10
be dated respectively July the first, A. D., 1888,
and t. become due and payable In twenty five
years from the date thereof AM bear interest
from date ut tue rate Of siX per cent. per annum.
payable annually, and Tor the purpose of re-
demptlon the new bonds to be divided into iour
classes, and to be redeemabie at the pleasure CT
the said township, as follows: those Of the
fret class at any time after the lapse oi live years
from date thereof; those OF the second class at
any time alter the lapse of ten years from the
date Thereof; those OF the thi,d class al any time
after the lapse OF fifteen years from the dute
thereof; and those oil the fourth class shall he re-
decmable at maturity. Each bond redeemable
before maturity TO specify upon its face when it
compromising to be entitled to receive bonds
OF each Of said Glasses in equal amounts. as
nearly US may be.
tons Of not less than one hundred dollars nor
more than one thousand dollars, each and every
bond to bear interest at SIX per cent. per annum,
payable annually as aforesaid. and to this ent
such bonds 10 have annual coupons thereto at
taehed. and the said new bonds ana coupons to
he made payable to bearer Al tie State savings
Association in the city oil ST. Louis, Missouri,
or at the office OF the county tie ,su,er ol said
county of Lafay elite, as may be iouad most con-
venient Tor all concerned.
This proposition 10 compromise, being male
under the proposition OF the bundlold. rs O. said
township, submitted by them in their behalf.
and under and pursuant to the pr visions OF the
laws OF this state. embraced ia chapter eighty
three (SS) OF the general statutes OF Missouri.
1t Is therefore ordered by the court that q
special election be held in said Lexington town
ship, at the court house, on
TUESDAY. JUNE 3OrH, a. d. 1885,
Tor the purpose of submitting to the qualified
voters oil sa'd Lexington township said prOpo-
sition to compromise SAID bOli.d debt Of SAID
tOwLship. in accordance With and upon tho
terms and conditions named in said petition
and above set forth. And It Is further ordered
that this proposition and notice oil said e'ertion
be published according to law, IN the Lexington
weekly lntelli.cnc"r. i weekly newspaper
published in sad Lexington township, for Tour
successive weeks L.for. the date and tine OF
the herein IN, niioned SPECIAL election VIII n sad
proposition To compromise AMI iund sh all he
voted on, the last oi stii We. ky insertions To
be at least ten days before the day 81 ~ Il npeci.l
election
This done by the c,unty corr.
l. 4 ~EARNkTT. Judge aud P.s.t.
ROBERr HALE,
II. ii ELLING. .
Attest: WM Is STEELE, Ci6rk.
BY SAA'LJ ANDREW, ID. {.
STATE OF Missouri.
COUNTY or LAFAYETTE, SIS.
!, Nm u Steele. Clerk OF IN. county cnur:
witnih ana Tor The county and sttt- nior, said.
DO hereby certify that the foregoing is a full AMI
true cory OF the order of the aforesaid counjv
court, as The same appears oil record In ny said
office. IN book p. N'
In testimony whereof | do hereunto set my
lskALl hand and afd1 the seal of said cou i.
this 9TH day of Nav, A. -. 1856
"N ~