Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1904-07-13
COPY OF PROPOSITION ABOVE MEN
TONED AND REFERRED TO.
STATE OF WISCONSIN / =
IA TR0gEU COTTNTX .

La CROSSE COUNTY,
To THE Town 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
EASTERN RAILROAD COMPANY, a corporation
or Tanized under the laws OF the State Of Wis
consin to construct and operate 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:
1st. 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,
u Y, Crosse county Wisconsin, to the city OF
Coon, and for the purpose OF obtaining aid In
the building, construction and 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 (Sl00 00J dollars each, to be pail for in
the negotiable bonds OF said 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 $1,000 .00l
dollars. dated September list, 1904, and paya-
b.ein twenty CO. years after date, or Ia ten
40 years from said date, at the option OF said
town; said bonds to bear interest at the rate
of three go 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 at the Batavian Bank, in the city Of La
Crosse, La Crosse county, Wisconsin, sald
bonds to be duly and properly executed &C
cording to law in the usual form OF such
bonds, and to be by said town Elaced In es-
crow with the Batavian Bank OF La Crosse,
Wisconsin, as trustee or with such other
trustee as shall be mutually agreed upon
within thirty 600 days after demand thereon
by said railroad col Ipany, its successors or
assigns and to be delivered to said rallfoau
company, its successors or assigns upon the
complete construction and operation on salu
road from the said city of La Crosse, Wiscon
sin, to the city of Niroqus, Vernon county,
Wisconsin. Said road to be fully completed
and put in operation on or before the hrst day
of January, 1906.
In consideration thereof, THE LA CROSSE
AND SoUTHEASTERN RAILROAD COMPANY
agrees that in constructing IT'S SAID road
through the village of Coon valley In sald
town, it will locate its depot on the east slde
of Coon River, and further will construct ana
put in a properly equipped siding AZ some nc
| fourteen in said town for the holdlng anu
| loading and unloading cars.
And that on or before the first day of.Sep
TEN ber 1904, 1t will issue to said town OF Coon.
one hundred shares OF the capital stock OF
| said railroad company of the par value OF one
hundred (Sl00) dollars each, and place the
same in escrow with the Batavian 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 of said town 10
said company.
IN WITNESS WHEREOF the said LA CROSSE
AND SOUTHEASTERN RAILROAD COMPANY mas
caused :nis proposition to be signed 9y lts
| President and Secretary this Eighth day of
June, 1904, and its Corporate Seal to be atiix-
ed
| LACROSSE AND SOUTHEASTERN RAILROAD Co.
| w. $. CARGILL, President.
| (Seap u. G. MCMILLAN, Secretary.
| JOHN JACOBSON Clerk OF the Town OF
| Coon Vernon County, Wisconsin,
Dated June 2Ith, A. j. 1904.