Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1904-07-06
COPY OF PROPOSITION ABOVE MEN
TONED AND REFERRED TO.
STATE OF WISCONSIN
La CROSSE COUNTY.

LA Ch1SSb CObNIAs
| To THE TowS OF Coon, IN THE COUNTY OF
VERNON AND STATE OF WISCONSIN, AND TO
JOHN JACOBSON, CLERK OF SAID TOWN
WHEREAS, THE LA CROSSE AND SOUTH
4 EASTERN RAILROAD COMPANY, a corporation
organized under the laws OF the State of Wis
consin to construct and operate a line of rail
road from the City Of La Crosse, La Crosse
County Wisconsin, through the Town of Coon
in the County of Vernon. to the City OF Viro.
qua, Vernon County, Wisconsin, desires to
obtain from the said Town of Coon, Vernon
County, Wisconsin, subscription to Its cap
ital stock, payable in the negotiable bonds Of
said town. to be issued according to law for
the purpose of aiding it in the construction
OF said road.
Now THEREFORE,, Said company does hereby
make submit and deliver to you the follow
ing proposition pursuant to the provisions OF
the Statutes of this state:
Ist The said La CROSSE AND SOUTHEAST
ERN RAILROAD COMPANY proposes TO con
struct, equip and operate line of railroad Of
standard guage from the city OF La Crosse,
La Crosse county, Wisconsin, to the city OF
Viroqua Vernon county, through the town Of
Coon, and for the purpose OF obtaining aid in
the building, construction ana equipment
Thereof desires and proposes to have the town
of Coon, Vernon county, Wisconsin, subscribe
for one hundred shares of the capital stock of
said company of the par value OF one hun
bred $500 00l dollars each, to be paid for in
the negotiable bonds of saiG town to be is
sued according to law for the purpose OF pay
ing such, subscription, towit: Ten bonds,
numbered from one to ten, both inclusive;
each bond TO be for one thousand ($lOOOOOl
dollars, dated September lst, 1904, and paya-
be in twenty (<0l years after date, or in ten
40 wears from said date, at the option OF said
town; said bonds to bear interest at the rate
of three CD per cent per annum. payable an
nually. such interest to be computed from
and to commence at the date of the delivery
OF said bonds. Principal and interest to be
payable in gold of standard weight and fine
ness a o the Batavian Bank, in the city or =
Crosse, La Crosse county, Wisconsin, Sac
bonds to be duly and properly executed ac-
cording to law in the usual form OF such
Dor /, and to be by said town placed in es-
Gro with the Batayian Bank of La Crosse.
Wisconsin, as trustee, or with such other
trustee as shall be mutually agreed upon
within thirty (30) days after demand thereof
by said railroad company, its successors or
assigns and to be delivered to said railroad
company, its successors or assigns upon the
complete construction and operation OF said
road from the said city of La Crosse, Wiscon-
sin, to the city of Viroqua, Vernon county,
Wisconsin. Said road to be fully completed
and put in operation on or before the first day
of January. 1906.
In consideration thereof, THE La CROSSE
AND SOUTHEASTERN RAILROAD COMPANY
through the village Of Coon Valley, in said
town, a. will loca'e its depot on the east SIDE
of Coon River, and further will construct ana
put in a properly equipped sizing at some ne
! fourteen in said town for the holding anu
| loading and unloading cars.
And that on or before the first day of.Sep-
TENDER, 1904 it will issue to said town OF Coon,
one hundred shares OF the capital stock or
said railroad company OF the par value OF one
hundred $500 dollars each, and place the
same in escrow with the Batavfan Bank, In
| the city of La Crosse, Wisconsin. as trustee,
TO be delivered to said town by said trustee.
upon the completion of said road and at the
time OF delivery of the bonds or said town To
said company.
IN WITNESS WHEREOF the said LA CROSSE
AND SOUTHEASTERN RAILROAD COMPANY mas
caused this proposition to be signed by IT'S
President and Secretary this Eighth day OF
June, 1904, aud its Corporate Seal to be afiix-
ed.
LACROSSE AND SOUTHEAsTERN RAILROAD 90.
W. $. CARGILL, President,
(SeaD ID, G.. MCMILLAN, Secretary.
| JOHN JACOBSON, Clerk Of the Town OF
Coon. Vernon County, Wisconsin.
Dated June 24th A, u. 1904