The Owosso times. (Owosso, Mich.) 1897-1926, 1902-10-31

bcets for two years, which will In all cost IN
4 and. 1'@'
| Whereas. the City of Owosso has proposed IN
| pay ten thousand dollars toward said amount
10 assist I'm getting said factory located In
said county; therefore,
Resolved, by the Board OF Supervisors of the
County of Shiawassee. that there be Submitted
| 10 the qualified electors of said county at An
eiection 70 be held on Monday, the first day OF
December l~ry, the proposition TO borrow on
the faith and credit OF said county, and to issne
It's evidence OF Indebtedness therefor the snm
OF ten Thousand dollars, the proceeds to be
used solely In paying for site upon which to
erect beet sugar factory i'm 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 aud
benefit of said beet sugar factory; said money
so borrowed TO be paid In four equal annual
installments of twenty-five hundred Collar
each. the first installment 20 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 follows; $4,000
in the year 1903, $3.50 In the year 1904 Sa5OD In
the ear 1905 and $500 in the year 1906. And
be IL further
Resolved that the County Clerk be and is
hereby instructed to cause notice of said ptop-
osition TO be posted I'm three cons picuous 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.
Ana that said County Clerk cause such notice
TO be published in two or more of the news
papers printed and circulating I'm said County
Oh Snlawassee for at least three consecutive
weeks prior 10 the time of holding said election.
And be il further
Resolved that the form of the ballot shall
pe as follows: For the loan" Against the
Resolved further, that the Count Clerk of
saiU county be and he Is hereby directed to-
take the necessary steps to cause said PROPOSE
non non 70 DE placed on proper ballots. to be dis
tlbuted in the same manner and by the same
persons VINO distribute the regular ballots OF
the spring election of the townships or wards
ing the votes shall. in the townships be the
same as required at township meetings, and in
clty or wards the same required at city OF.
ward elections, respectively. And that the
vote shall be canvassed by the same officers
anu ~ the same nanner as required at such
township meetings. city or ward elections,
respectively. And the result of said vote shall
be made and certified 10y them and transmitted
TO the County CLERK within the same time and
IN the same manner as AT general elections.
Resolved. further that TIE county canvassers
shall canvass said vote so returned 10 the
County shall on the sixth day of December,
1902, and er. fifty the re suit to the County
Clerk.
Resolved. further that If a majority of said
ELECTORS OF said county so voting shall vote In
favor OF said loan, that the Chairman and
Clerk of the Board OF Supervisors shall issue
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.
1901 one bond of $500 payable the first day of
March, 1903; one bond of $780, payable the
first day of March, 1905; one bond of 80 800
payable the first day of March, 1907, bearing IL
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
to the County Treasurer in and for said county.
Resolved, further, that upon the payment of
said money to the County Treasurer, that the
County Treasurer shall pay the over to
; the following committee: Charles ID. Stewart,
Isaac H. Keeler' Stanley E. Parkill George w.
Detwiler Selden ;. Miner, Edmund o. Dewey
and james III. Laverock, to be used in paying
any sum or sums of money 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 out by said committee until said, com
pany shall be Incorporated in accordance with
law, and shall give sufficient security to said
committee that they viii erect beet sugar
factory in the City of Owosso, with a capacity
OF at least one thousand tons per day, ard
shall have said beet sugar factory in operation
TO manufacture sugar on or before the, first
day of November. 1903
In testimony whereof, hereby set my hand
and affixed the seal of the Circuit Court, this
2Sth day of October A. ID 1902.
JOHN Y. MARTIN,
County Clerk.