Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1885-03-07
Mr.. sK1NKER,s PROPOSITION ON
TOWNSHIP BONDS.
ST. Lou1s. Mo March 4, IL

ST. LOUIS, Mo March 4, 1885.
JOHN s. BLACKWELL, Eso.:-DEAR
S1R.-I enclose the proposition for COM
promise with the townships of Lexing-
ton, Washington and Sni-a- Bar. l do
not know precisely what the debts OF
these townships are, but l think the
parties represented in this proposition
must own the great bulk Of them. l
onlv know of about five bonds no
signed; l could not wait any longer,
and will get the owners to agree TO put
them in if possible. l hope now your
people will see their way clear to a set.
%tlenent OF their financial troubles. Let
me hear from you.
Yours very truly,
We, the undersigned, owning or rep.
resenting the owners ot bonds and cou:
pons and Judgments on bonds and
coupons issued In the name of the
county of Lafa, cite for and in behalf
Of the townships of Lexington, WASH
imgtOn and Sni-a- Bar, to Tie amounts
,eI opposite our respective names, do
hereby propose to compromise II
fund the same in new coupon bonds to
be issued under the r,si-ions Of article
/, chapter 81, revised statutes OF Mis-
souri,, OH the following teTniS, to-wit:
l. For and in fu l satisfaction of each
judgment we will accept such new
bonds at the rate of sixtv-fve (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 flu in new bonds.
u E,r aoob hoVnf on6 Connnn NOT I'm
judgment we will accept such new
bonds at the rate OF t%iftv-seven (57)
yer cent. of the face of such bond or
coupon, with interest thereon cOmput'
ed 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. The new bonds shall bear liter
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 o!
St. Louis, 10 be designated on theiI
face.
/. For purposes of redemption the
new bonds shall be divided into foql
classes, and shall be redeemable at thi
pleasure of the proper township, a
follows: Those of the first class a
any time after the lapse of five year.
from their date; those of the secont
class at any time after the lapse Of tel
|; years from their date; those of tn,
/ third class at any time after the laps
, OF fifteen years from their date. Those Q
the fourth class shall not be redeeuia
Bile before maturity. Each bond re
=. deemabie before maturity shall specify
. upon its face when it shall become lie
deemable. Each person compromis
!, ing shall be entitled to receive bond
:, of each of said classes IN equal amount
l as nearly as may be.
8, ii the terms herein proposed sha'
not be approved and accepted bv tn
qualified voters Of said townships q
> elections to be held under and In pUl
suance ot said statute on or before tn
o 27d day Of May, 1888; or If the ne'
bonds shall not be ready for deliver
:, OH or before the S0th day Of Jun,
1885, then this proposition shall
void and of nc effect; otherwise to
z of full force and binding OH lis al
ti,ose whom we represent for tt
amounts severclly subscribed by u
= provided that if said teriLs shall be az
d proved and accepted by the quaiiae
y voters of any one township, the con
l. promise she'll proceed, % far as tn;
township Is ooiicsrned, regardless
the action of the other townships.
y 7 L. skinker. Us The representative
Ia OF bonds. coupons anu Judgment.
d tie niaount Of So. .....-..',... ses, s7s
to The amount OF ..s.... .....:.. 40. 81
- the amount OF ........ as ST.
John Il Overall Is representative
cs of bonds, coupons AMI juiSnisnl.
uuiin-t Lexington township 10 thS
rs smount Of 81 sos
- L. .taiIIsI Washington township
A0 TO the sInornI of a.. e.. % 3Ol
IN j. Is Henderson, for himself and as
attornr; I 7 others aa INST Lex
~ ington township ......... -..,,. 20? 40
:. Henry Z. Jones by o. l.. Houis,
nc sttIrnsy, Judgments vs. LeNing-
% ton township IL United states CIR
cult court at Kansas Guy. dated
-. law ISL ,as follows at 70 ~ : rrEt.
- 81 1856 81, ut 8 p cent, ~ l53 90, $50
x. Henry Z. Jones hy . l. Hnut-, nt-
!, torney. Judgment Va Washington
ne township IN III UnItfd stats CIR
On cut court ~ l. Insas City, dat 4
May, lssl. II, follows: AT 10 pei
III cent ri SIS 81; ~ Il per cent,
81 3oi % ..... .-.... io'@t'
.es Hem, : Jnne- by . l. Hnu c. At
.. Inrury. nigmrnt W.. SnI-a-H
dE fnSn.hIr in EnIr, { >I1tpS c cult