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

,l5si 9sEl
N0lIyE on ELECTION.
Notice Is hereby given, pursuant To
the provisions OF Chapter Thirty
foul. 81 of the general statutes of
1873 and particularly of the l,rovi-
siDns Of Sections Ninet y-tWu (92T to
Ninety-seven t97 inclusive OF sad
chapter, and acts amrndatory there
OF, OF an tlection.tu be held by the
legal vote rs Of the County of Morri-
son, State of Minnesota. in the sew
eral election precincts af said county
to besheld on Monday, the 23rd day
OF October, 1893. at the usual
places of voting in said several
precincts to vote upon Il proposition
made to- said County Of Morrison by
The Mississippi and Leech Lake Rail-
way company, u railroad corpora
ton organized and existing under
and by virtue OF the laws of the State
Of Minnesota, which proposition was
delivered to me as auditor by said
railway company AID filed in my
office this 3rd day of October, 1873.
and is as follows.
To Frank Ellenbecker. IA Auditor OF Morrison
county. State OF Minnesota.
Sir: The Mississippi Il I4eech Lake Railway
company: corporation duly organized. creat ted
and existing under ana by virtue Of the laws Of
| the state Of Minnesota. desiring mid from said
Morrison county, II, the construction Of it's rail-
road In. said Morrison county. MS hereinafter
| To you as sail County Auditor, this proposition
/ The said Mississippi & l.eech Lake Hallway
company desires aid from said comfy OF Morri-
son in the said tate OF Minnesota, which shall
| consist OF the bonds Of aid county OF Nor, ison.
maturing thirty years from the date thereof and
bearing interest at the rate OF per cent per u
mum. said interest payable semi nnnuay on
the first day OF January and the first day OF
National bank OF at. Paul. III the city DIST. Paul.
i State VI Minnesota. Said bonds to tie IL, denom-
nation OF one thousand dollars each par value
and the amount in the aggregate at par value to
be the sum OF six ty-tiye Thousand dollars. t*65-
0OO). the same to be given to the said The Missis
aippi leech Lake Railway company, to aid the
standard guage railroad in said Morri-
eou 4h pd point It s. within the
county. thence southerly to the city OF St. Cloud.
or the station OF Albany in the county OF Stearns
in said state Of Minnesota. rs may be determined
way company. or to point to be designated by
the said railway company between said city OF
st. Cloud. and said station Of Albany, on the
Minneapolis Manitoba railroad, it being un-
Il derstsod and agreed that the said The Missis-
sippi & Leech Lake Railway company will at the
time that the bonds herein asked for are de-
posted In escrow as hereinafter provided for,
deposit with said escrow those certain twenty
five bonds Of the county OF Morrison. dated
i August l. 1887. each at par value Isl .0OO) one
thousand dollars, issued to Little Falls Water
Power Company Of Minnesota, to he cancelled
and surrendered to the authorities OF said MORT
son county as a condition precedent to the de-
livery to the said The mississippi & 1Ieech Lake
Railway company OF the bonds OF said Morrison
county herein asked for to be given said railway
company to aid III the construction OF its rail-
road as hereinbefore set forth.
1t being understood and agreed that the said
The Mississippi & Ieech Lake Railway company
shall con struct and conn ete ready for the passage
OF cars thereon it's said railroad as herenbrfore
described. t" be designated as hereinbefore pro-
when said sixty-fve thousand dollars ($65,O0o)
par value OF the bonds OF Morrison county. being
the SAID bonds herein asked for are pl"ced in es-
crow as hereinafter provided for
4 The said sixty-fve thousand dollars 1886. 0O0)
par value Of the bonds OF Morrison county. be-
ing the bonds asked for in this proposition, to
be delivered to the said The Mississippi & Leech
Lake Railway company when its said railroad
shall be completed and ready for the passage OF
cars and within the time as hereinbefore pro-
vided for. The sud sixty-Rve thousand dollars
1855, 000) par value OF the bonds OF Morrison
county. being the bonds asked for in this propo-
sition to be issued forthwith otter the election
provided by law, and placed with H. y. Upham,
president OF the First National bank OF St. Paul
Mimi. in escrow as trustee. and the said II. p.
Upham, as said trustee and custodian Of said
bonds to deliver the sa me to the said The Missis
sppi & Leech Lake Railway company upon the
completion OF it's said railroad as hereinbefore
Sc: forth, but at the time Of such delivery. said
trustee shall etach from each OF said bonds ali
interest coupons, which have become due up to
the date Of the completion Of said railroad as a
Ebonus aid and such detached interest coupons
shall be thereupon cancelled and returned to
sand county OF Morrison. and the said Mississippi
& Leech Lake Railway company will in further
consideration Of the issuance and the delivery of
said sixty-Ave thousand dollars (ss5. O0o) par
value Of the bonds Of said Morrison county, be-
ing the bonds herein asked for at the election Of
Morrison, an amount of it's capital stock equal
to par value of the principal sum OF said bonds.
80 to he delivered to said The Mississippi &
l.eech Lake Railway company by said Morrison
county to-wit: Sixty-hve thousand dollars
4 t$65 000) par value, and the certificate or the
certificates OF shares of said capital stock to be
exchanged for said bonds. shall at the time OF
deposit Of said bonds with the said H. T.. Upham.
be placed with the said H. r. Upham in escrow
by the said The Mississippi & Leeeh Lake Rail-
way company. to be delivered to the proper au-
thorieies OF said Morr son county. IL said county
SO elects. upon the delivery to the said The Mis-
sissippf l.eech Lake Railway company OF said
for to betssued to thesaid The Mississippi Leech
Lake Railway company.
! Al WilutsS WueFcOl, Ho HIlSSISslppl q lLeecu
Lake hallway company has caused this propo.
sition to be signed by its vice-president. G. A..
Wey erhaeuser, and by it's secretary, Drew Musser.
and its corporate seal to be hereunto affixed.
Duly a ttes ed this 25th day OF September. 1893
| THE MISSISSIPPI AND LEECH LAKE RAIL
! WAY COMPANY.
! c. A. WEYERHAEESER,
| Vice President.
a~-
Attf Dsrw ,,vssrn. {~nAn.
Secretary. ~