The Portland daily press., 1897-06-08

Ills MRS. LOUISA PLACE, ooU be%
mont ST., Brockton, Mass.
ing like amount, and of such denomi-
nations as the said selectmen determine,
payable in twenty years from date of said
bonds and bearing interest at the rate OF
four per cent. per annum, payable semi
annually, upon the security Of like
amount of the twenty year income bonds
of said company, bearing interest at the
rate of five per cent, secured by mortgage
of the franchises, railroad stations, power
houses, rolling stock, conduits, lines,
poles, other property and appliances of
said railroad company already acquired
and to be hereafter acquired, the interest
on said income bonds to be payable semi
annually and only out of the surplus or
net earnings of said company for the re-
spective half-yearly periods terminating
not more than two months prior to the
date when such interest falls due and
not to be cumulative and the principal
thereof to be payable only after the prin-
cipal and interest of all other five per
cen6. bonds of said company of even date
with said income bonds and also secured
by the said mortgage shall have been
previously paid in full.
OF the said town bonds an amount
aggregating at par value $4,000 shall be
held in the hands of said treasurer, to
be by him exchanged for like amount
at par value of the said income bonds
when, but only when, said company shall
have built two miles of branch line
from its maine line, starting at or passing
through the village of Windham Centre
towards the town of Gray.
The remainder of said town bonds and
in amount of said income bonds aggre-
eating at par value the amount of said
.rema lining town bonds at par value shall
be deposited by said town and said com.
pany respectively, in the hands of some
'dlslntereSted person, as trustee; said in
come bonds to be delivered by said trustee
to said town and said town bonds to be
delivered to said railway company when
two miles of road-bed shall have been
constructed and the ties laid thereon by
said company within the limits of said
town and also in the town of Gorham
and said road-bed shall have been con-
structed in like manner from it's termi-
nal at Bridge street in the city of West
brook to the line of said town of Gorham.
Said trustee shall not deliver said
bonds unless the road-bed aforesaid is
constructed and prepared ready for rails
as Aforesaid, in said city and towns last
named for the distances respectively stat
ed as aforesaid, within three years from
the date of this meeting, but said bonds
shall be returned by said trustee to the
respective parties issuing them, and said
uOnh DOAOo olldll tllSl DC Hull duu NOlu,
and the foregoing provisions authorizing
the aforesaid exchange of bonds shall
have no further, force. The issue by said
company upon the security of said mort
gage Of said income bonds shall not ex-
ceed $4,000 and of the other bonds shall not
exceed S12, 1000 for each and every mile of
the railroad constructed by said company
and its charter.
Mr.. II. H. Body amendment, offered
Saturday, was also read. 1t provided
chat the first $40, 900 should be paid over
when the road-bed shall have been con.
structed from South Windham to the
Kennard road; $4,000 when the rails
shall have been laid over the same route,
and the remainder when the road is in
operation from Westbrook to the Kennard
road.
Mr.. Frank H. Haskell offered anoth.
er amendment, providing that $S, GOO of
the $50, 900 should be retained till a
branch line is constructed from Windham
Centre to the town line, in the direction
of the town Of Gray.
Then the speech making began, after
the meeting had voted that each side be
allowed an hour and half in which to
present it's case, Mr.. d. r. Parker first
suggested that each side be allowed three
disputants, to belinited to fifteen min
utes each, but it was decided that it
would be better to fix the total limit of
time and let the speakers suit themselves
as to its distribution.
Mr.. H. Fl. Body of North Windbam
opened the debate, speaking thirteen
minutes in the affirmative. Judge Elder
of Deering followed, with speech in be-
half of the opposition. Then Mr.. William
A. Leary of South Windhaln held the
floor for forty minutes, in an argument
faVoring the proposition. City Solicitor
Morrill, of Portland then had his say for
sixteen minutes, in behalf of his clients,
the opponents. A twenty-six minute
speech favoring the railroad project was
then made by Mr.. Cyruss T. Parker of
the school board, after which Judge Elder
had another inning of sixteen minutes
DURATION and Mr.. Boody closed the de
bate with u very brief but pointed dis
course.
The arguments were largely in the line
with those made at the former meeting
The disputants in favor of the proposit-
ion pictured rapid growth of the town
as q result of the building of the proposed
electric railroad line. The plan is to
handle both passengers and freight. In
each town through which it passes local