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

[34] Of the. general statutes Of 1878
and particularly Of the provisions of
Sections Ninety-two [92] to Ninety
seven [97] inclusive OF, said chapter,
and acts amendatory thereof, OF an
election to be held by thelegal voters
of the town OF Two Rivers, County
Of Morrison, State of Minnesota, to
be held on Monday the 23rd day of
October, 1893. The polls will be
opened at nine O'Clock in the morn
ing and closed at five o'clock in the
afternoon of said day at the usual
place of voting in said town to vote
upon proposition made to said
town of Two Rivers by The Missis-
sippi and Leecl Lake Railway COM
pany, a railroad corporation organ
lied and existing under and by virtue
OF the laws of the State of Mime
sofa, which proposition was deliv-
cred to me as town clerk by said rail
way company and filed in my office
this third day of October, 1893, and
is as follows:
of Two Rivers, in the Countyo of Morrison and
State of Minnesota.
Sir: The Mississippi and Leech Lake Railway
and existing under and BY virtue OF the laws OF
the state OF Minnesota, desiring aid IRON said
town of Two Rivers in the county of Morrison
and state of Minnesota. in the construction of
its railroad in said county Of Morrison, as
hereinafter more fully set forth. hereby makes
and delivers to you os such town clerk of said
town of Two Rivers, this proposition in writing.
to-wit:
The said The Mississippi and Lccch Lake
Railway Company desires aid from said town of
Two Rivers in the county of Morrison aforesaid,
which shall consist ofthe bonds of said town OF
Two Rivers: maturing thirty 1907 years from the
date thereof and bearing Interest at the rate Of
he s s
the let day Of July, principal aid interest
payable at the First National Bank of St. Paul
In the city, of 81. Paul and state, of Minnesota.
Said bonds to be III denomination of one:
thousand dollars Isl ,000] each par value. and
the amount in the aggregate, at par value. to
Be the s1 to 1s SAND 6e the
Leech Lake Railway Company to aid the said The
Mississippi and Leech Lake Railway company 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 he
determined by said The Mississippi and Leech
Lake Railway Company. or to point to be
designated by the said railway company between
said city Of St. Cloud and said station of Albany
OIL the line of what is generally known as The
st. Paul. Minneapolis & Manitoba Railroad.
1t being understood and agreed that said The
shall constructand complete ready for the passage
Of cars thereon. its said railroad as herenbefnre
described, to be designated as hereinbefore
provided, on OF before two years from the date
when said bonds of the town Of Two Rivers
[being the bonds herein asked for] are placed in
| escrow, as hereinafter prorided for. b
the bonds of said town Of Two Rivers Ibeing the
bonds asked for in this proposition] to be de-
livered to the said The Mississippi and Leceh
be completed ard ready for the passage Of cars,
as and within the time hereinbefore provided
for. Provided. that said railroad as constructed
said town Of Two Rivers from the northern to the
southern boundary thereof. The said six
thousand dollars par value Of the bonds of said
in this proposition] to be issued forthwith after
the election provided by law. and placed with
4. =. uPham, president ~! Of tho First National
trustee; and the said II. P. Upham as such
trustee and custodian ofsad bonds to deliver
the same to said The Mississippi AID Ltech Lake
railroad as erenbefore set forth but at the time OF
such delivery said trustee shall detach from each
Of said bonds all interest coupons which have
become due up TO the date of the completion of
said railroad, as bonus aid and such detached
Interest coupons shall be therenpon cancelled
and returned TO said town OF Two Rivers. )!
Railway Company will further, in consideration
OF the issuance and delivery ofsaid six thouss,ld
dollBrs. par yalne,of the bonds of said town Di
at the election OF said town of Two Rivers.
issue to said own of Two Rivers nm
amount Of It, caLita, stock eanal to par value Of
sffyarpd to mid The MisSIsSnDi and Trnrh Iato