Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1905-04-24

Addition to the village of Eanle River extend
ed west crosses said south bank of said Eagle
river: thence east along said extension of said
north boundary line of said lot four a. TO the
place of beginning.
Second, to sell and convey by good and suffi-
cient conveyance all of the boilers, dynamos.
engines and all machinery and equipment of
emery name and nature situated in the solid
brick building hereinbefOre described and
used in connection with the. operation of the
electric light and water plant operated in said
building and not owned by the said town of
Eagle River.
Third to sell and convey by good and suffi
cient conveyance with covenants of warranty
and against membranes, the electric poles
and wires stretched thereon throughout the
streets of the village of Eagle River in said
tawn Of Eagle River and used by the UNDER
signed. Eagle River Light q Water Company
in lighting the streets of said village of Eagle
River and in furnishing lights to private per-
sons in said village.
Fourth to cancel and surrender up to said
town Of Eagle Riker all franchises held by said
Eagle River Light q Water Company, for the
operation Of an electric light plant in said viii
lage of Eagle River, and to cancel and SuTrend-
err up all contracts for the Lighting of streets
in said village of Eagle River now existing be-
tween said Eagle River Light & Water Com
pany and the Town of Eagle River and also to
surrender up and cancel all contracts existing
between! SAID town OF Eagle river ana the sad
Eagle River Light and Water Company for
the pumping Of water for fire protection in
said village of Eagle River
Fifth, in consideration of the foregoing, the
said town OF Eagle River is to pay to the said
Eagle River Light and Water Company the
sum of nineteen thousand dollars (Sl9OO0) on or
before the first day OF MAY, 1905, or issue and
deliver to the said Eagle River Light q Water
Company on or before said date the negotiable
corporate bonds of said town of Eagle River
for the said sum of nineteen thousand dollars
with interest at per cent. per annum. pay
able se1ni-annUally, the principal payable at
such time and n such amounts may be des-
ignated by the said town of Eagle River, prin-
cipal and interest to be paid within twenty
(20) years, the said town of Eagle River to con-
duct the exhaust steam from the pumps used
by said town in furnishing fire protection to
the private heating line where the same is
now being conducted for the period of five
years, provided however, that if the said
town of Eagle River changes the location
of its pumps or uses sOmeother power
than steam, the provision for conduct
ing exhaust steam shall no longer be binding
on said town of Eagle River.
Signed and Su omitted pursuant to a reSOlu-
tion duly adopted by the Board of Directors of
the said Eagle River Light & Water Company.
Dated April 3rd, 1905.
EAGLE RIVEi< LIGHT e. w AFTER CO.,
By D. e. RIoRDAN,
President and Treasurer.
THEREFORE,, BE 1T RESOLVED by the
Board of Supervisors of the town of Eagle
River, Villas County, Wisconsin that the
said town does hereby determine and de-
clare it is necessary for the best interests of
said town that said proposition be accepted
so as to most economically provide for the
lighting Of the streets of said village of Eag-
lie River and for the furnishing Of water for
fire protection in said village, and to issue
bonds for the purpose of providing money
therefore. to the amount of nineteen thous-
and dollars 9,0C0), with interest at per
cent. per annum, payable as follows: $4,000
payable on the hrst day of May 1866, $4,000
payable on the st day of May 1917, $4,000
payable on the LIST day of Nay 1903, $4,000
payable on the lst day of May 1909, $1,000
pa. able oh the st day of May 1910, $4,000
1l.3Va hln on the ST; GaV of Nav 1Qt 80 0CO
payable on the 1s5 day OF May 1919, $4,000
payable on the st day of May 1913 $4,000
payable on the 1st day Of May 1914, 81 600
payable on the lst day of May 1915, and to
consist of nineteen 40 bonds Of 81 600 each,
with serni-annual interest coupons attached,
said bonds to be dated April 10Th, 1905, and
to bear interest payable semi-annually at the