Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1893-10-13
Notice OF Election.

Notlce IS hereby given. pursuant to
the Provisions of Chapter Thirty
four (34) OF the general statutes of
1873 and particularly OF the provi-
slons OF sections niDe-two (92) to
ninety-seven (97) inclusive OF said
chapter and acts amendatory there
OF. OF an election to be held by the
legal voters OF the town OF Elm Dale,
county of Morrison, State of Mime
sofa. to be held on Monday, the 23rtl
day OF October, 1893. The polls will be
open at nine o'clock in the forenoon
and closed at Ave O'Clock in the
afternoon OF said day at the usual
place of voting in said town to vote
upon u. proposition made to said
town of Elm Dale by the Mississippi
and Leech Lake Railway company,
a railroad corporation organized and
existing under and by virtue OF the
laws of the State OF Minnesota,
which proposition was delivered to
me as town clerk by said railway
company and filed in my office this
3rd day of October, 1893, and, is as
follows: ID = tzr,,
To J. J. Jacobson, as Town Clerk Of the Town OF
Elm Dale. in the County OF Morrison and State
of Minnesota.
Sir: The Mississippi and Leech Lake HALLWAY
company. a corporation duly organized, created
and existing under and by virtue OF the laws OF
the state OF Minnesota, desiring old from said
ffNnyY1 E1YNI fOf In
| state OF Minnesota, in the construction OF its
railroad IN said county of Morrison, as herein
after more fully set forth, hereby makes and de-
livers to you as such town clerk of said town OF
Elm Dale. this proposition in writing to-wit:
The said The Mississippi and Leecl Lake Rail-
way company desires aid from said town OF Elm
Dale, in the county OF Morrison aforesaid, which
shall consist of the bonds OF said town OF Elm
Dale maturing thirty t3O) years from the date
| Their o.. and bearing interest at the rate of Ave
%? Per cent per an nm, said interest payable
the first day OF j. ". principal and interest pay
able at the First National bank DIST. Paul in tina
| city OF St. Paul and state Of Minnesota. Said
| bonds to be in denomination Of one thousand
dollars I'll OeO) each par value, and the amount
IN the aggregate, at par value, to be the sum OF
six thousand dollars [$6 U00]. the same to be
Lake Railway company, to aid said The Misss-
sippi and Leech Lake Railway company in the
| construction OF 6! standard guage railroad in
said Morrison county from q point within the
limits OF the city OF Lit tie Falls in said Morrison
county, thence southsrly to the city of st. Cloud
or the station Of Albany In thecounty OF Stearns
by said The Mississippi and l.eech Lake Rail-
way company, or, to d point to be designated
by the said railway company between said city
OF st. Cloud aud said station OF Albany on the
line Of what is generally known as The st. Paul.
Minneapolis & Manitoba Railroad
1t being understood and agreed tn ut said The
shall construct and complete, ready for the
passage OF ours thereon, its said railroad as
hereiEbetore described. to be designated as
hereinbciore provided, ON or before two years
from the GATE when said bonds OF the town OF
Elm Dale [being the bonds herein asked for1
are placed III escrow. 90 hereinafter provided for
The said six thousand dollars, par value, of
| the bonds of said town Of Elm Dale [being the
| bonds asked for in this propesitionlto be de-
livered to the said The mississippi and I.eech
| Lake Railway Company when it's railroad shall
and within the time hereinbefore 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 sal six
| thousand dollars par vaIae of the bonds OF said
! town OF Elm Dale [being the bonds asked for in
election provided by law and placed with H. r.
Upham. president Of the First National Bank OF
st: Paul, Minnesotain escrow as trustee; aud the
said H. T. Upham as such trustee and Gust odfan
Of said bonds. to deliver the same 10 said The
Mississippi and Leech Lake Railway Company
upon the completion Of ita said railroad as
uCteiuottOFc scG lOFtN, OUT ut the tlIU0 RuCn
delivery said trEstee shall detach fr.,m each Of
! said bonds all interest coupons which have he
| come due up to the date Of the completion nf
| said railroad as bonus aid AMI such detached
interest," coupons shah be thtreupon cancelled
and returned to said town OF Kim Dole
And the said Mississippi aud l.eech Lake Rail-
way Company will further in consideration of
the Issuance and delivery OF said six thousand
DOLLARS par Value. Of the said bonds Of the town
OF Elm Dale [being the bonds herein asked for]
al the election OF said town OF Elm Dale issue to
said town Of Elm Dale amount OF its capital
stock equal to par valne Of the principal sum OF
said bonds so to be-. delivered to said The
mississippi and Ieech Lake Railway Company
ny said town of Elm Dale, to-wi; six thOusa nd
dollars, par value. and the certificate or
certificates of shares Of snid capital s ock to be
the deposit OF said bonds with the said II. p.
upham be placed with the said H r. Upham in
escrow by sand The Mississippi and Leecl Lake
Railway Company to be delivered to the proper
authorities of sail town OF Elm Dale, II said
town SO elects. upon the delivery to said The
Mississippi and Leech Lake Railway Company OF
sald bonds OF said town Of Elm Dale herein
provided for to be issued to said The Mississippi
| ana Leeci Lake Railway Company.
Lake Railway Company has caused this prOpnsi-
tion to be signed by its yice-presdent C.. A.
Weyerhaeuser and by it's secretary. Drew Musser.
and its corporate seal to be hereto affixed. duly
attested, this 18th day OF September A. D. 1898.
THE MISSISSIPPI AND LEIGH LAKE RAIL
WAY COMPANY.
By C. A. WEYERHAEusER
| j., r. Vice President.
-5.-=, So s--A>
Atte ntrv Muaarn SEAL