Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1893-10-06
Monday, the 23rd day Of October, 1898.

A-vAA"Jj sAV 0oAV uuJ VI VotVUVA4 AoVo'
The polls will be opened at 9 o'clock in
the morning and close at o'clock in the
afternoon of said day, at the usual place
OF voting in SAID town OF Little Falls by
The Mississippi and Leech Lake Railway
company, railroad corporation organ
lied and existing under and by virtue OF
the laws of the State OF Minnesota, wbicn
proposition was delivered to me as town
clerk by said railway com pany and filed
in my office this 3rd day OF October,
1898, and is as follows:
TO Michael P. O'Neil, as Town Clerk OF the
Town of Little Falls, in the County oi
Morrison and State OF Minnesota:
SIR-The Mississippi and Leech Lake Rail.
lied. created and existing under and by vir.
tue OF the laws OF the state Minnesota, desir.
ing aid from said town OF Little Falls in said
Morrison county cunt in the construction OF its
after more fully set forth, hereby makes and
delivers to You as such clerk Of said town o
Little Falls, this proposition in writing, TO-
The said Tho Mississippi and Leech Lake
Railway Company desires aid from said
town OF Little Fails in the said county o.
OF said town OF Little Falls maturing thirty
| 500 years from the date thereof and bearing
| interest at the rate OF five per cent g pei
cent? per annum: said interest payable semi
annually on the 1st day OF January and the
able | al the First EatioRai Rank @ % of St. PaS Fay
said bonds to he in denomination, three g
OF one thousand dollars 81 ,0oO) each pal
| value, and one Il of five hundred dollars
| ($aOO par value and the amount in the az
/ q ho ho af fhro1
| thousand five hundred dollars ($3 ,5OO); th|
same to be given to said The Mississippi ant
Leech Lake Railway Company to aid In tn,
construction OF a standard gauge railroad il
| said Morrison county from q point within
the limits OF the city OF Little Falls in sait
Morrison county, thence southerly to thecity
county Of Stearns in said state OF Minnesota
as may be determined by the said The Missis
sippi and Leeeh Lake Hallway Company, O
way company between said city of st. Clout
and the said station of Albany on the line o
what is generally known as the st. Paul, Min
1t being understood and agreed that tn
said The Mississippi and Leech Lake Railwa.
Company will, at the time that the bond
hereinafter liter provided, @ M have Deposited a0w viii t
said escrow those certain twenty five (25
bonds of the town OF Little Falls, dated Au
gust 1st. 1887. each Of the par value Of on
tie Falls Water Power Company of Minneso
ia to be cancelled and surrendered to the au
thorities of said town CT Little Falls az
condition precedent to the delivery to sal,
The Mississippi and Leeeh Lake Railwa.
Company OF the bonds OF said town OF Littl
Falls herein asked for to be given said raj
it's railroad as hereinhefors set forth
The MisstssiPPi ana Lsees lake RslIws:
iar TIE passage Of cars thereon. its said raj
road as hereinhefore described. to be desie
mated as heretnbeiofe provided, on or beior
thousand Ave hundred dollars ($3, ,5oO) pa
value Of the bonds OF said town OF Littl
falls (being the aid bonds herein asked for
are placed In escrow as hereinafter provide
The said three thousand five hundred do
; lars, par value, OF the bonds al the town {
be saS tps
pany when ito said road shall be completed
and ready Tor the passage Of cars and With
said three thousand five hundred dollars, pa
> value Of the bonds Of said town OF Littl
Falls (being the bonds asked for In this prof.
: ton provided By law, and placed with d.
r Uph am, president OF the First National Ban
: OF st. Paul: Minnesota, in escrow as trustee
, custodian OF said bonds. to deliver the sam
to the said The Mississippi and Leech Lal
: Rail way Company upon the cOmple ton
1So sdIO d.4rOdQ ~ .Qer6lnDeIOre SET 1Orti
UuG at tha time OF such delivery said tr,lst4
shall detach from each OF said bonds all ii
!, ferest coupons which have become due up
le date OF the completion of said railroad 8
/ d bonus aid, and such detached interest co,
] pons shall be thereupon cancelled and r
9 turned to said town OF Little Falls.
2 And said the Mississippi and Leech Lal
e Railway Company viii In further consider
d ion OF the issuance and delivery OF said tflrt
q thousand five hundred dollars, par value,
e the bonds OF said town of Little Falls, (bein
= the bonds herein asked fOr) at the election
said town OF Little F alls, issue to said tow
+ of Little Falls an amount Of its capital stos
!, equal to par value Of the principal sum