Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1893-10-06

/ town Of Elm Dale, In the county OF Morrison and
| state OF Minnesota, IN the construction OF ITS
after more fully set forth, eby makes and do
livers to you as such town clerk OF said town OF
Elm Dale. this proposition in writing. to-wit:
Nay company desires aid from said town Of Elm
Dale, In the county Of Morrison Aforesaid, which
shalt consist of the bonds OF said town OF Elm
| thereof. and bearing Interest Ut the rate Of hve
| (5) per cent per annum. said interest payable
semi annually on the First day OF January and
ahle at the First National bank efSt. Paul In the
city OF St. Paul and state OF Minnesota. Said
bonds to be in denomination OF one thousand
dollars Is lOe0) each par value, and the amount
In tbs aggregate. at par value. to be the sum Of
six Thousand dollars [s6 .000] the same to be
given to the saia The Mississippi and Leech
Lake Railway company ta DID said The .liasis-
sippi and Leech Lake Railway company in the
copstruction Of q standard gqaEe railroad IN
said Morrison county from g point within the
county, theAce southerLy to the city OF ST. Cloud
or the station Of Albany in thecounty Of stearns
tp said state Of Minnesota, asmay be determined
way company, Or, to . point "a b degignated
ei St. Cloud n snd ssid station ef Hbapy sn on ths
Misssapos Ss poss Esss,sS EssaSa tRss Rsos Paul.
1t being:understooda and agreed that said The
Mississippi and Leech Lake Railway Company
:herei. before described, to be- designated AZ
hsreinbefor<pr vited.. On OF. before two yeare
HIN Dale Iheing the bonds herein asked forl
fs ssa 3 3. sssas; s. 'es
beaas Seask asse q 5sa s e 1 Rs Ss S
iiyslsa % Tho SAID Tie hississippl. and Leech
Lake Railway Company when it, railroad shall |
and within the time herelnbeiore provided for. |
Provided. that said railroad as constructed and |
completed shall run through the territory Of said
town of Elm Dale from the northern to the
southern boundary thereof. The sail six |
thousand dollars par value of the bonds of said
teNp Of Elm Dale [being the bonds asked for in
this be lssqea forthwith after the
Upham prssdent 81 Fst HGa stopa Baat
st: Paul. Minnesotain escrow as trustee; and the
said H. +. Upham as such trustee and custodian
Mississippi and Leech Lake Railway Company
upon the completion OF its said railroad as
hereinbefore set forth, but at the time of such
SAID b9naa al. Interest coupons which haye be.
sfs sR e s ssHes ass
a a % OF En- $751;
And the said Mlssissippt and Ieech lake Rail.
way Company viii further In cens!deration Of
dollars, par value, Of the said bonds of the town
q! Elm Dale [being the bonds herein asked ior]
ct the e!eptien 9f sRid town OF Elm Dale issue to
sss e5a p to E sa% saRa
gqtd gqt bonds go to be, delfyered to said The
by ,sasd t5xR of Elm Dale. ,to-Yiti six Thousand
dollars, PAT value. and Tho certificate Or
certificates OF shares OF said capital stock to be
exchanged for said bonds shall. at the time Of
the deposit OF said bonds with the said H. P.
Uphan be placed with the said II. P. Upham in
escrow by said The Mississippi and Leech Lake
Railway Company to be delivered to tho proper
Of said town Of Elm Dale. II said
town 80 elects, upon the delivery to said The
n Gississippl and Lesee Lake kexay Company Of
provided for to be issued to said The Mississippi
and Leect Lake Railway Company.
In witness whereof the Mississippi and Leech
Lake Railway Company has caused this propost-
tion to be signed by its vice president c. A.
and by its secretary. Drew Musser.
aud it's corporate seal to be hereto affixed. duly
attested. this 35th day Of september 4: p: lssa.
THE Mlss1ssIPP1 AND LEECH LAKE RAIL-
WAY COMPANY.
By a. WEYERHAEVSER,
Vice PresldeAt.
@
Attest; nv,
DREW MvssHa s%AAj
Secretary W. |