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

Notice is hereby given. l,ui.s a;lit to
the provisions OF Chapter Thirty
four e Il of the general stat,.tes of
1873 1's and particuInrly OF the ptt,yi
sions of Sections Ninet st wo I9.a,l to-
Ninet y-seven [97l Inclusive of said
chapter, and acts anlentl,a fury
thereof. of an election *, lie: held by
the legal voters of etow,, OF Belle
Prairie, County of Alorliso,i, S,ateOf
Minnesota, to e.lleld on Monday the
23rd day Of October, 1898. The polls
will he opened at nine O'Clock III the
morning and closed at. five O'Clock
In the afternoon of said day at the
usual place OF voting in said town to
vote upon a proposition made to
said town of Belle Prairie by The
Mississippi and Lcech Lake Railway
company, a railroad CORPORA ton or
ganized and existing under and by
virtue Of the laws OF the State OF
Minnesota, which proposition was
delivered to me- as town clerk hy
said railroad company and filed in
my office this 3rd. day of October,
and is as follows:
Belle Prairie, in the County of Morrison and
State Of Minnesota.
Sir: TbeMississppi and Leech Lake Railway COM
pany, corporation duly organic d, created and
existing under and by virtue OF the laws OF the
state OF Minnesota. desiring aid from said town OF
Belle Prairie IN said Morrison county in the con-
al I'M flfH fa coli hf~r
as hereinafter more fully set forth, hereby makes
and delivers to you as such clerk OF said town OF
Belle Prairie this proposition in writing to-wit:
THE said Then isspLi and Leech lake Railway
| company desires aid from said town Of Belle
Prairie, in the said county Of Morrison which shall
consist OF the bonds Of said town OF Belle Prairie
and bearing interest mt the rate Of i've 10y
per cent per annum, said interest payable semi
| annually on the first day of January and the
first day OF July principal and intsrest payable
vi the First National bank oiSt. Pal in the city
OF St. Paul, state of Minnesota. said bonds to be
! in denomination OF one Thousand dollars 81 ,00O)
each par value and the amount in the aggregate
at par value. to be the sum OF five Thousand dol
| lars ($5,00O), the same to he given to the said
The Mississippi and Leech Lake Railroad COM
| pany to aid in the construction of standard
gauge railroad in said Morrison county from a
point within the limits OF the city OF Little Falls
in said Morrison county. thence southerly to the
| city of St Cloud or the station Of Albany in the
county OF Stearns. In said state of Minnesota, as
! may be determined by the said The Mississippi
and ieech Lake Railwa; company, or to u point
! to be designated by the said railway company
between said city Of st. Cloud and station OF
Albany on the line of what is generally known as
the st. Paul. Minneapolis Manitoba railroad.
| 1t being underst0od and agreed that the said
The Mississippi and Leech Lake Railway com.
pany will. at the time that the bonds herein
asked for are deposited in escrow as hereinafter
provided have deposited with said escrow those
certain ten (le) bonds of the town Of Belle Prai
rie, dated August l, 1857, each, at par value, one
thousand dollars $4,000 issued to the Little
Falls Water Power company OF Minnesota, to b.
cancelled and surrendered to the authorities o
said town OF Belle Prairie as a condition prece
dent to the delivery to said The Mississippi
and Leech Lake Railway company of the bond
of said town OF Belle Prairie he rein asked for
, be given said railway company to aid in the con
struction OF its railroad as hereinbeiore SO
= forth. "
1t being understood and agreed that said Tn
Mississippi and Leech Lake Railway compan,
|. shall construct and complete. ready for tn
passage OF cars thereon its said railroad a
. hereinbefore described, to he designated as here
inbefore provided on or before two years from
= the date when said five thousand dollars ($5 0Ot
:, par value of the bonds of said town OF Bell
y. Prairie tbeiug the aid bonds herein asked fo
are placed in escrow as hereinafter provided fol
= The said five thousands dollars, par value,
81 OF nes eE
cred to said The Mississippi and Leech Lab
j. Railway company when its said railroad sha
be completed aud ready tor the passage of car
and within the time, as herelnbeiore provide
4 for. The said FIVE thousand dollars. par valu
~ OF the bonds OF said town of Belle Prairie (ber
the bonds asked for in this propostion) to
=, issued forthwith after the election provided h
law, and placed with II. P. Upham, president
J, the First National bank OF ST. Paul, Minnesota
,. in escrow US trustee and the said Fl. +. Uphan
D as such trustee and custodian Of said bonds.
deliver the same to the said The Mississippi al
l4eech Lake halfway company upon the compl
}. ton OF its said railroad hereihbet set fort
but at the time of such delivery said trust(
> shall detach rol. each OF said bonds all intere
coupons which have become due up to the da
OF the completion of said railroad as a bon,
y aid and such detached Interest coupons shall |
u OF Belle Prairie,
b And said The Mississippi and Leech LAX
hallway company will, in further considerable
g. dollars. par value. Of the bonds of the town
" Belle Prairie [beng the bonds herein asked fol
at the election OF said town Of Bele Prairie issr
to said town of Belle Prairie amount of II
capital stock equal to par value Of the princip,
sum OF said bonds SO to be delivered to sal
The Mississippi and Leech Lake Railway con
d pany and the certificate or certificates OF share
Of said capital stock to- be exchanged for sal
bonds shall at the thine OF deposit Of said boLd
with the said q: ?; upham, be placed WITH t
sippi and Leeeh Lake Railway company to be d.
livered to the proper authorities Of the said tow
d Of Belle Prairie. if said town elects upon tt
delivery to said The Mississippi and Leech LaE
Railway company of said bonds Of said town
Belle Prairie herein provided for to be issued t
= said The Mississippi and Leach Lake Railwa
+ company.
In witness whereof The Mississippi and Leec
Lake hallway company has caused this prop'
Rition to be signed by its vice-president, G.
: Weyerhaeuser, and by it's secretary. Drew Muse
5 and its corporate sem to be hereto affixe'
3 ruly attested. this 18th day Of September. A. ]
- | 1891
6 THE MISSISSIPPI AND LEIGH LAKE Rail
= WAY COMPANY.
q C, .WEYERHAEUSER
Vice President
. ~~~
! Attest Dsuw nvs,rn, {srAl.}
b Secretary. w.