Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1912-11-13
NOTICE OF SPECIAL. ELECTION
TOWN OF

To the Legal Electors of the town of Ellen
boro. Grant county, Wisconsin:
Notice is hereby given that a special
e ection will be held for said town on the
THIRD DAY OF DECEMBER, 1912.
For the purpose of submitting to the legal
electors of said town the question whether
the said tow shall accept the proposition of
The Chicago Short Line Railway Company.
a Wisconsin, corporation, a cop of which
proposition is as follows. to-wit:
PROPOSITION.
To the Town of Ellenboro, Grant County,
Wisconsin:
PANY, a corporation duly incorporated I'M
der the laws of the state of Wisconsin for
the purpose of constructing maintaining
and operating a 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 Lam
caster, in said Grant County,, Wisconsin, for
the public use in the transportation of per-
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. ElleQDOrO ana Lima, and touch
ing the city of Lancaster, the villages of
North Andover, Bloomington, Patch Grove,
Mount Hope, Mount Ida, FennimOre n
Sitter in said county, or as near thereto as
may 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. Darlin gton. ShulIs-
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 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 Ellenboro 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 EllenborO, hereby makes the following
proposition to said town of Ellenboro, pursu-
ant to section 945 of the Wisconsin statutes
of 1898 and the several acts a~mendatorY
thereof and supple mentary thereto:
First: That said town of Ellenboro sub
scribe for two hundred 1900 shares
of the capital stock of said railway company
of the par value of Twenty Thousand
100000 Dollars in the manner and at the
time provided by statute under this agree
ment; such subscription to be payable in
seventeen Q0 interest-bearing coupon bonds,
eight 50 of such bonds to be of the de
nomination and face value of Eleven humid
dred fifty (115O dollars, and the remain
ing nine 80 bonds to be each of the
denomination and face value of Twelve
NHNO/ 0O A IL GIL IL
amount of Twenty thousand GO, 000)
Dollars at par value, numbered cons ecurive-
ly from one ID to seventeen OO both in
elusive. not payable before maturity at the
option OF said town, to be issued by said
town of Ellenboro, m Lde payable to said
railway company or bearer, and 10 mature
as follows:
Number one ~, for $3.50 to be payable on
June LIST, 1916.
Number two 9), for $3.50 to be payable on
June 1st. 1917.
Number three (), for $3.50 to be payable
on June 1St, 1918.
Number four a., for $115O to be payable on
June 1St. 1919.
Number five (), for S115O to be payable on
June 1St, 1920.
Number six (6), for $3.50 to be payable on
June lSt. 1921.
Number seven CO for $3.50 to be payable on
June 1St, 1922.
Number eight 90 for $3.50 to be payable on
June list, 1928.
Number nine () for $1,000 to be payable OH
June 1st, 1924.
Number ten O) for $1,000 to be payable on
June LIST 1925.
Number eleven q1) for $1,000 to be payable
on June 1St, 1926.
Number twelve O2) for $1,000 to be PAYABLE
on June 1St, 1927.
Number thirteen Q3) for $1,000 to be pay
able on June 1St, 1923.
Number fourteen IA for 1920 to be pay
able on June 1St, 1929.
Number fifteen 10 for $1,000 to be payable
on June 1St. 1890.
Number sixteen 10 TOR $1,000 70 be pay
able on June 1St, 1881.
Number Sevent, en- II for $1,000 to be pay
able on June ISt, 1892.
Each of said bonds to draw interest at the
rate of four and one-half [4H] 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 Ellenboro 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 sun 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. Ali said
bonds shall be issued within thirty 1901 days
said town of EllenbOrO. At such time as
said railway company shall rave earned
said bonds and become entitled to an alb
SOlute delivery thereof, and upon their
delivery to said railway OmpanY the said
tow of EllenborO shall lawfully pass an
ordinance or resolution directing that there
Sudll UG dunudl1y ICNI0Q a ldA upon he
taxable property of said town, in addition
to all Otner taxes, sufficient to pay, when
due. the interest to grow due on said bonds,
and also TO pay and discharge the principal
thereof, as and by the time the same shall
become due.
Second: The purpose of said railway
company is to construct. maintain and Oper-
ate an electric railway of standard, Ordina-
ry gauge, for the public use tor the convey
ance of persons and property, with overhead
transmission lines for it's power and with
its central power plant located in the city
of Lancaster, Grant county,, Wisconsin,, such
construction, maintenance and operation to
be in several sections which shall ultimate
ly connect and cover the route aforesaid.
One of such sections shall at the
city of Lancaster and extend II ence in an
eaSterly direction to the east line of the
county of Grant, state OF wisconsin. the
same being the north and south dividing
line between the county of Grant and the
county of Lafayette, in the state
of Wisconsin Said railway company
shall have the said section complet-
ed and in operation by the passage of cars
thereover continuously from said city OF
Lancaster to said north and south line
dividing the counties of Grant and La
Fayette, in the state of Wisconsin, by or
before the first day of June, 1915, and as
soon as said section of railway is so com
| Melted and in OneratiOn fhA said railway