Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1912-08-07

pany is to construct, maintain and operate
an electric railway of standard, ordinary
gauge. for the public use for the CONVEYANCE
OF persons and property, with overhea1
trans mission lines for its power and with
its central power plant located in the CITY
of Lancaster. Grant County. Wisconsin,
such construction, maintenance and Oper-
alton to be in several sections which shall
Ultimately connect and cover the route
aforesaid. One of such sections shall COM
mence ar the city of Lancaster and extend
thence in an easterly direction to the east
line OF the towns nip of EllenbCrO in said
Grant County, WiSco nSin, said line being
the north and south line dividing the town
ships of EllenI orc and Lima in said county
Said railway company shall have the said
section completed and in operation by the
passage of cars thereover continuously
from said city OF Lancaster to said north
and south line dividing the townships of
EnenborO and Lima, in said Grant County,
by or before the first day of June 1915, and
as soon as s. ID section of railway is so COM
pleted anu in operation the said railway
company shall be entitled to all of said
bonds and to receive the same from the
trustee heI einafter named upon the con-
ditiOns hereinafter mentioned.
THIRD: In consideration of the execution
and delivery of said bonds said railway
company shall issue and deliver to said
town of North Lancaster one hundred and
eighty $50 shares of the capital stock of
said railway company OF the par value of
one hundred (l00) dollars each, being a sum
in all equal at the par value of said stock
to the principal sum of said bonds: which
after named, for the use of said town. at the
same times and in like amounts as deliver
les shall be made of said bonds to said rail-
Wav company. its successors or assigns The
said stock and bonds so issued shall be de-
posted in escrow with The Union State
Bank OF Lancaster, Wisconsin. as trustee,
within thirty (3O) days after demand there
for by said railway company, its successors
Or assigns: and whenever said rail way COM
pany, its successors or assigns, shall have
earned or become entitled to said bonds,
said trustee shall deliver them to said rail-
way company. it's successors or assigns,
forthwith, upon being rendered certificates
for an an equal amount of the capital stock
OF said railway company.
FOURTH: The fact of construction. com
plet1on and operation of said section of rail-
way may be proved by resolution of the
town board of said town of North Lancaster,
or in such other manner as may be agreed
upon by said town board and said railway
IN WITNESS WHEREOF. the said THE
CHICAGO SHORT LINE RAILWAY COMPANY
has caused this proposition to be executed
by its president and secretary. and under its
corporate seal. This nth dav of July. 1912
THE CHICAGO SHORT LINE
- RAILWAY COMPANY
Corpor- By JOSEPH T. BENNETT
ate President
Seal FRANK G. MEYER
~ Secretary
The legal electors of said town are further
notified to deposit ballot at said special
election upon which is written or printed
the words: For the railroad proposition .
or the words: Against the railroad propo-
sition." Those favoring the acceptance of
said proposition by said town to cast a bal
lot containing the words For the railroad
proposition" and those opposed to the ac-
ceptance of said proposition by said town to
cast ballot containing the words Against
the railroad proposition -
The voting place for said election shall be
as follows: In Knapp's Rink in the City of
Lancaster. The time of opening the polls
shall be at nine co. O'Clock a. M. and closing
five thirty (5:3Ol O'Clock. p. m.
w. A. JOHNSON,
Town Clerk.
Town of North Lancaster.
Grant County, Wisconsin.