Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1912-08-07
NOTICE OF SPECIAL ELECTION
TOWN OF BEETOWN

TOWN OF BEETOWN
TO the Legal Electors of the town of Bee
town. Grant county, Wisconsin,:
Notice is hereby given that a specia
election will be held for said town on the
THIRD DAY OF SEPTEMBER, 1912,
For the purpose of submitting to the Iega
electors of said town the question whether
| the said town shall accept the proposition OF
The Chicago Short Line Railway Company
a Wisconsin, corporation, copy of which
proposition is as follows. to-wit:
PROPOSITION.
To the Town of Beetewn, Grant County
THE CHICAGO SHORT LINE RAILWAY Com
PAEY, a corporation duly incorporated un-
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 its power with it's central
power plant to be located in the city of Lam
caster, in said Grant County, Wisconsin for
the public use in the transportation of per-
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. MI. IDA. f6Dn1mOT6. Liberty. North
Lancaster El1enboro 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. Darlington, Shulls-
burg Monticello, New Diggings and Benton,
reaching the cities of Darlington and Shulls-
md nv ar
extensions or branch lines, thence in a
SoutneaSterly 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 a subscription to it's
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
ant to section 945 of the Wisconsin statutes
of 1898 and the several acts amendatory
thereof and supple mentary thereto:
First: That said town of BeetoWn sub
scribe for three hundred thirty $500 shares
of the capital stock of said railway company
of the par value of ThirtY-three thousand
(33,00O Dollars in the manner and at the
time provided by statute under this agree
ment: such subscription to be payable ia
seventeen "a Understanding coupon bonds
sixteen (16) of such bonds 10 be of the de
nomination and face value of Two thousand
(2OOO) dollars. and one of said bonds to be of
the de nomination and face value of Que
thousand 10000 Dollars, making in all the
amount sof Thirty-three thousand (33 000)
Dollars at par value, numbered consecutive
ly from one ID to seventeen ~ both in
elusive. not payable before maturity at the
option of said town, to be issued by said
town of BeetOwn, m4de payable to said
railway company or bearer. and to mature
as follows:
Number one ~, for S2UOO to be payable on
Number two ~, for $1,000 to be payable on
June list. 1917.
/ Number three ~, Tor S2O00 to be payable
on June 1St 1918.
Number four "a, for $2oOoto be payable on
Number Eve (5), for $4,000 to be payable on
June 1St, 1920.
Mum Der six co., for $1,000 to be payable on
June 1st, 1921.
Mum Der seven "a tor $1,000 to be payable on
Number eight G) for $1,000 to be payable on
Number nine (9) for $1,000 to be payable OH
June 1st. 1924.
Number ten (lO) for $1,000 to be payable on
June 1st- 1925.
Numb Der eleven 11) for $4,000 to be payable
on June LIST, 1926.
Number twelve (l2) for $4,000 to be payable
on June 1st 1927.
Mum Der thirteen 13) for $1,000 to be pay
able on June 1st 1923.
Number fourteen T14l for $1,000 to be pay
able on June 1st, 1929.
Number fifteen [I5l for $1,000 to be payable
on June 1St, 1880.
Number sixteen 1851 tor $1,000 to be pay
able on June lSt, 1881.
Number seventeen (17) for $1,000 to be pa K
able on June lSt, 1892.
Each of said bonds to draw interest al 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 evil
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 I'M
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 coupons 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 [30l days
after the acceptance of this proposition by
said town of Beetown. At such time a:
said railway company shall have earned
said bonds and become entitled to an alb