Der Nordstern. [volume] (St. Cloud, Minn.) 1874-1931, 1885-11-18
OPPOSITION

TO the Town Board of the Town of Wakefield
and to the Town of Wakefield in the county of
|Stearns and State Of Minnesota.
The 'St. Cloud, Mankato and Austin Railroad
Company, a corporation organized and existing
under the laws Of the State ofMinnesota, hereby
makes application to the said Town of Wakefield
for the issuance and donation to the said compa- I
my of the bonds of the said Town of Wakefield to
1.-THE aggregate amount of Thirty five Hundred
dollars. (S35OO.0O)
This application is made, and the said bonds
are to be issued and donated, under and pur-
ssant to the provisions of that certain act Of the
Legislature OF the State of Minnesota, approved
March 5th, 1877, entitled: "A Actto aathorizs
of railroads" and under and pursuant to the
subsequent acts of said Legislature, amendatory
Iofthe said act.
Said bonds to be for the principal sum of one
thousand dollars each; to be payable twenty
years from the first day of January A. d. 1886 to
the said Company or bearer, at the First Natio-
Said bonds to be redeemable before maturity,
| at the option of said Town of Wakefield at a ny
time after ten years from said LIST day of January
1856 by paying the principal and interest accrued
thereon.
Each of said bonds to bear interest at the rate
of six per centrum per annum, and to have ia
sued herewith and annexed thereto, interest
coupons for all installments of interest there
I on said interest to bepayable at said bank on
the first day Of January in each year.
/, as aforesaid Of the said bonds, the said railroad
company will construct, complete and put into
B operation its line of railroad as follows:
Twenty miles thereof commencing at an inter.
lsection Of its railroad with the constructed road
of the st. Paul, Minneapolis and Manitoba Rail
way in Section nine () of Township one hundred
ffunning thence in a southwesterlv direction 9
8 distance of twenty miles to the west line of the
east half of the north east quarter of Section
twenty-five (22l in Township one hundred twenty
three (lss) Of Range thirty one { ~ in said stearn.
County and have depot grounds and depot in 6
good shap pc between the Sank Street and Yves
Line Of block No. AZ and As of said village o
Gold Spring.
Said company will, in consideration of sale
bonds, at the election Of said Town of Wakefield
issue to said municipality such number of tn,
shares of its capital stock as will at par value o
such stock correspond with the principal sum o
Isaid bonds.
both the said town of Wakefield and the sal
railroad company, of the terms and provisions c
b this proposition. the said bonds within (30 day
after the canvass of the vote authorizing the il
Ia Issuance ofthe same, shall be duly executed by th
tsaid Town Board of the Town of Wakefield, an
be placed in escrow in the hands of Henry. P. VI
~ the First National Bank of said St. Paul, and Il
certificate Of stock to be exchanged therefor, sha
L, be placed with the same depositary at the san
on time:
become entitled to all of said bonds and the san
shall be delivered to said company, its successo
= Or assigns, when w tne t salG ara ralir r9'nn,n snail tbe ma,
from said intersection with the line Of said Sal
Paul Minneapolis and Manitoba Railway in Sc
ton nine () aforesaid in the Town of st. Clou
q distance of twenty miles to the west line of Il
ia. east half of the north east quarter of SectiC
twenty two (22) aforesaid in the town ofMunsC
phi in said Stearns County, provided said TWEEN
are cars running thereon on or before the first day
I'm July 1886 and not otherwise.
In In case the said railroad company, its sncce
II sors or assigns fail to complete the portiol
I aforesaid of the said railroad in the time here
NE provided, it shall forfeit oil right in and to al
of said bonds, and in event of such failure all Il
wn bonps aforesaid shall upon demand of t
WIN said Town Board of the said Town of Wakefe
be surrendered to the said Town for CANCEL
ton.
the Dated at st. Paul, Minnesota, this snd day
Md October A.. D. 1885.
at ST, CLOUD. MANKATO AND AUsTIH RAJ
the ROAD COMPANY,
eS-
of signed by j. w. BISHOP, President.
A. S. b. MCCONNELL, Seereta
use Now, therefore, notice is hereby given, that
nd eleetion will be held at the usual polling place
aid Tuesday the gath day of November, beginning
ETH Q O'Clock A. NJ, and closing ana O'Clock P, M.
that day, for the purpose of voting upon the 81
his proposition.
ueks Ali voters at said election voting III favor
said proposition, must have written or prin
be-. upon their ballots, the words. For the Railrt
,rd- Proposition, y and all voters at said election, v
in ing against the said proposition, must have W
ten or printed upon their ballots, the woi
lber against the Railroad Proposition"
Dated at Gold Springs the 9th OF November
ate. fl srEpHEx ErHEN, Town cler