Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1912-07-31
NOTICE OF SPECIAL ELECTION
TOWN Ola REETOWN


To the Legal Electors of the town of Bee
town. Grant county Wisconsin,
Notice is hereby given that special
election will be held for said town on the
THIRD DAY OF SEPTEMBER, 1912,
For the purpose of submitting to the legal
electors of said town the question whether
the said town shall accept the proposition of
The Chicago Short Line Railway Company,
a Wisconsin corporation, a copy of which
proposition is as follows. to-wit:
PROPOSITION.
To the Town of Beetewn. Grant County
Wisconsin:
THE CHICAGO SHORT LINE RAILWAY COM
PANY, a corporation duly incorporated IN
der the laws of the state of Wisconsin for
the purpose of constructing, maintaining
and operating standard, ordinary gauge
electric railway, with overhead transmits
sion lines for it's power. with it's central
power plant to be located in the city of Ian
+ caster, in said Grant County, Wisconsin for
sons and property within the counties of
Grant and Lafayette. in the state of Wis
consin, and within the state of Illinois, over
, the following route, tO-Wit:
From and to the city of Lancaster. Grant
County, Wisconsin, extending through the
townships of south Lancaster, Beetown.
Glen Haven. Bloomington, Patch Grove Mt
Hope Mt. Ida. Fennimore, Liberty, North
Lancaster EllenborO and Lima. and touch
ing the city of Lancaster, the villages of
North AndOver, Bloomington, Patch Grove.
Mount Hope, Mount Ida, Fennimore and
Sitter in said county, or as near thereto as
tt1ay be practicable, said line passing through
the township of Platteyille and the city of
Platteville, in Grant county. traversing the
county Of Lafayette through the townships
of Elk Grove. Seymour. Darling tOn. ShullS-
burg Monticello New Diggings and Benton,
reaching the cities of Darlington and ShullS-
burg and the village of Benton by proper
extensions or branch lines, thence in
southeaSterlY direction through the state of
Illinois to the city OF Chicago the terminus
of said railway.
desiring aid and being DESTROYS that said
town of Beetown make subscription to its
capital stock. pursuant to the statutes in
such case made and provided. to be paid in
municipal bonds to be issued by said town
of BeetOwn. hereby makes the following
proposition to said town of BeetOwn, purSu-
ant to section 945 of the Wisconsin statutes
of 1898 and the several acts amendatOrY
thereof and supplementary thereto:
First: That said town of BeetOwn sub
, scribe for three hundred thirty 1890 shares
of the capital stock OF said railway company
of the par value of ThirtY-three thousand
GA, 000y Dollars in the manner and at the
time provided by statute under this agree
ment: such subscription to be payable ia
seventeen IN interest bearing coupon bonds
sixteen (16) of such bonds to be of the de-
nomination and face value of Two thousand
(2000) dollars, and one of said bonds to be Of
the denomination and face value of Que
thousand 10000 Dollars, making in all the
amount Eof Thirty-three thousand (33OO0)
Dollars at par value, mum bered consecutive
iy from one "a to seventeen az both in
elusive, not payable before maturity at the
option of said town, to be issued by said
town of Beetown, m Ade payable to said
railway company or bearer, and TO mature
as follows:
Number one %, for S20OO to be payable on
June LIST, 1916
Number two 81, for $1,000 to be payable on
Number three ~, for $1,000 to be payable
Number four "a, for $1,000 to be payable on
Number i've %, for $1,000 to be payable on
Number Six (6), for $1,000 to be payable on
June LIST. 1921.
Number seven a for $1,000 to be payable on
Number eight (81 for $1,000 to be payable on
June 1st 1923.
Number nine (9) for $4,000 to be payable on
Number ten QO) for $1,000 to be payable on
June 1St 1925
Number eleven C1) for $1,000 TO be payable
on June 1St, 1876.
Number twelve (12) for $4,000 to be payable
Number thirteen u8) for $1,000 to be pay
able on June iSt 1928
Number fourteen ia for $4,000 to be pay
able on June ISt, 1929.
Number fifteen 10 for $1,000 to be payable
on June 1st, 1880.
Number sixteen Is tor $1,000 to be pay
able on June 1St, 1881.
Number seventeen 10 for $1,000 to be pay
able on June lSt 1892.
EdCn OF SdIQ DOuQS 10 uldW luLCIGSL dD the
rate of four and one-half [415l per centum
per annum, payable annually on the first
day of June in each and every year from
date of issue until fully paid. All install
mentS of interest on said bonds to be evi-
denced by proper interest coupons, to be
executed by the proper officers of said town
of Beetown and made payable to said
railway company or bearer, and attached
to each of said bonds respectively All
interest not paid when. due to draw interest
at the same rate as the principal sum IN
til paid. Both the principal and interest
of said bonds shall be payable at the First
National Bank, Chicago, Illinois, in cash.
All interest earned or accrued upon said
bonds up to the date when said railway
company shall become entitled to an alb
solute delivery OF said bonds, to wit, under
the terms of this proposition, shall be cred
tied and endorsed on said interest cou pons at
the time OF delivery of said bonds to said rail
way company the said railway company to
| be entitled to the interest only from the time
| it becomes entitled to the bonds All said
bonds shall be negotiable and their issue
shall in all respects comply with the statutes
of this state authorizing them. All SAID
| bonds shall be issued within thirty 1901 days
after the acceptance of this proposition by
said town OF BeetoWn. At such time as
| said railway company shall have earned