The Owosso times. (Owosso, Mich.) 1897-1926, 1902-11-21

County Of Shiawassee that there be submitted
TO the qualified electors OF said county. at an
election To be held on Monday, the first day of
December, 1902, the proposition To borrow on
the faith and credit OF said county, and 10 issue
its evidence of indebtedness therefor, the sum
of ten thousand dollars. the proceeds to be
used solely in paying for site upon which TO
erect n beet sugar factory in the City OF Owosso,
County of Shiawassee. Michigan, fixing the
roads which lead thereto and procuring eight
thousand acres of sugar beets TO be grown
during the years 1908 and 1904 for the use and
benefit of said beet sugar factory; said money
so borrowed to be paid in four equal annual
installments of twenty-five hundred dollars
each, the first instalment TO be paid in the
year 1908. Said money so borrowed To be paid
by spreading the same upon the taxable prop
erty of Shiawassee County as follows: $500
i'm the year 1903 $3.50 In the year 1904 $500 in
the year 1905 and $500 in the year 1905 And
be Ii further
Resolved, that the County Clerk be and Is
hereby instructed to cause notice of said prop
osition to be posted In three conspicuous places
in each of the several townships and wards of
said County of Shiawassee at least thirty days
prior to the first Monday of December, 1902.
And that said County Clerk cause such notice
to be published in two more of the news
papers printed and circulating in said County
OF Shiawassee for at least three consecutive
weeks prior to the time of holding said election.
And be IL further
Resolved, that the form of the ballot shall
be as follows: "For the loan" against the
loan"
Resolved, further. that the County Clerk of
said county be and he is hereby directed to
take the necessary steps to cause said PROPOSE
tion TO be placed on proper ballots, to be dis
trlDuted in the same manner and by the same
persons who distribute the regular ballots OF
the spring election of the townships or wards.
Resolved, further, that the inspectors receiv-
ing the votes shall. in the townships be the
same as required at township meetings. and In
city or wards the same required at city or
ward elections, respectively And that the
vote shall be canvassed by the same officers
and In the same manner as required at such
township meetings, city or ward elections,
respectively And the result of said vote shall
be made and certified by them and transmitted
TO the County Clerk within the same time and
III the same manner as at general elections.
Resolved, further, that the county canvassers
shall canvass said vote returned TO the
County shall on the sixth day of December
1902, and Clerk certify the result to the County
Clerk.
Resolved, further that If a majority of said
electors of said county voting shall vote in
favor of said loan, that the Chairman and
Clerk of the Board of Supervisors shall Is sue
the bonds of said county for the sum OF ten
Thousand dollars one bond of twenty-five hun
dred dollars, payable the first day of March,
1904: one bond of 81 800 payable the first day of
March, 1905; one bond of $500, payable the
first day of March, 1905; one bond of $780,
payable the first day of March, 1907, bearing a
rate of interest not exceeding five per cent
and shall sell said bonds, but at not less than
par, and shall pay the money arising therefrom
10 the County Treasurer in and for said county.
Resolved, further, that upon the payment of
sa d money to the County Treasurer, that the
Coucty treasurer shall pay the same over to
the foil wing committee: Charles d. Stewart,
Isaac H. Keller, Stanley E. p arkill. George w.
Detwiler FL zen s. Miner, Edmund o. Dewey
and James II averock, tobe used in paying
any sum or sum of none necessary TO pro
cure the erection of a beet sugar factory in the
City of Owosso; but that said money is not to
be paid ont by said committee until said com.
pany shall be incorporated in accordance with
law, and shall give sufficient security to said
committee that they will erect beet sugar
factory in the City of Owosso, with a capacity
of at least one thousand tons per day, and
shall have said beet sugar factory in operation
to manufacture sugar or before the first
day of November, 1903.
In testimony whereof, hereby set my hand
and affixed the seal of the Circuit Court, this
18th day of October, A. ID 1902.
JOHN Y. MARTIN,
County Clerk.