Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1905-04-17

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 (Sl9O0O) on or
before the first day of May, 1905 or issue and
deliver to the said Eagle River Light & 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 Senll-annually, the principal PAYABLE at
such time and in such amounts as 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 submitted pursuant to a resolu-
ton duly adopted by the Board of Directors of
the said Eagle River Light & Water Company.
Dated April 3rd, 1905
Ely 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 $4,000, with interest att per
cent per annum payable as follows: $4,000
payable on the first day OF May 90, So 900
payable on the LIST day of May 1907, $4,000
pay able on the ] st day of Ma y 1903, $4,000
payable on the st day of May 1899, $1,000
| IL 4, HbO1 a4 IL 81
payable on the st day of May 1911, $1,000
payable on the 1s5 day of May 1912, $4,000
ayable on the st day of May 1913, $4,000
payable on the lst day of May 1914, ST 900
payable on the LIST day OF May 1915, and to
consist of nineteen 40 bonds OF 81 600 each,
with semi-annual interest coupons attached,
said bonds to be datedsApril Goth, 1905, and
to bear interest payable semi annually ait the
rate OF . per cent per annunl; they are to be
negotiable coupon bonds payable to
bearer, and to be made payable, principal
and interest, at the First National Bank at
Milwaukee, Milwaukee County, isconsn,
and the said bonds are to b5 solo and nego-
tiated by John Radcliffe, who is hereby au-
thorized to repl esent the said town in the
sale and negotiation thereof and the pro-
ceeds thereof are to be used solely and ex-
clusively for meeting the expenses OF the &C
ceptance Of the proposition heretofore
stated and submitted by the Eagle Kiver
J1ifht & Water Company
FURTHER RESOLVED. That F. G. McIn-
tyre, Town Clerk OF the said town of Eagle
River is hereby ordered and directed to give
office for the Special Town Meeting to be
held for tao purpose Of voting on the said
proposition to issue said bonds pursua MT to
the provisions OF Chapter 3l2 OF the Laws
of SOB
FURTHER RESOLVED, That the question
of the levy by said town of direct annual
tax in addition to all other taxes, sufficient
to pay when due, the interest annually TO
grow due on said bonds and also to pay and
discharge the principal thereof, when the
same shall. become due, shall be submitted
to special town meeting of the electors
and legal voters of said town of Eagle River
in case request for said meeting shall be