Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1912-08-14
NOTICE OF SPECIAL ELECTION
NOTICE OF SPECIAL ELECTION
NOUN ON Dr.

NOTICE OF SPECIAL ELECTION
TOWN OF BEETOwN
no the Legal Electors of the town of Bee
town. Grant county, Wisconsin:
Notice is hereby given that a 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, 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 I'M
der the laws of the state of Wisconsin for
the purpose of constructing, maintaining
and operating q 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. Mt, Ida. FennimOre, Liberty, North
Lancaster. EllenbUrO 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
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. Darlington, Shulls-
n
reaching the cities of Darlington and Shulls-
burg and the village of Benton by proper
extensions or branch lines. thence in
.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
proposition to said town of BeetOwn, purSu-
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
49, 0O) Dollars in the manner and at the
time provided by statute under this agree
ment; such subscription to be payable ia
seventeen ca Understanding coupon bonds,
sixteen (16) of SUCH bonds to be of the de-
nomination and face value of Two thousand
(2O00) dollars, and one of said bonds to be of
the denomination and face value of Que
thousand 10000 Dollars, making in all the
amountf of Thirty-three thousand (33 OOO)
Dollars at par value, numbered consecutive
~ from one Cd to seventeen ~ both in
elusive. not payable before maturity at the
option of said town, to be issued by said
town of BeetOwn. m 1de payable to said
railway company or bearer, and TO mature
as follows:
Number one %, for $4,000 to be payable on
June list, 1916.
Number two (2), for $4,000 to be payable on
June lSt. 1917.
Number three (S), for $1,000 to be payable
on June 1St, 1913.
Number four "a, for $1,000 to be payable on
Number five o. for $1,000 to be payable on
June LIST, 1920.
Number six CO., FOR $4,000 to be payable on
June 1St. 1921.
Number seven ca for 5000 to be payable on
Number eight (Sl for $4,000 to be payable on
Number nine co. for $4,000 to be payable OIL
June 1St, 1924.
Number ten (lO) for $4,000 to be payable on
June 1St- 1925.
Number eleven Q1) for $1,000 to be payable
on June lSt, 1926.
Number twelve (2) for $1,000 to be payable
on June LIST, 1917.
Number thirteen t13) for $1,000 to be pay
able on June 1St, 1928.
Number fourteen IA for $1,000 to be pay
able on June list, 1929.
Number fifteen Isl for $1,000 to be payable
on June 1St 1880.
Number sixteen l6l tor 5000 to be pay
able on June 1St 1881
Number seventeen (17) for $1,000 to be pay
able on June ISt, 1882.
Each of said bonds to draw interest at the
rate OF four and One-half L41al per centum
ner annum, payable annually on the first
day of June in each and every year from
date of issue until fully paid. All install
npntS 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 IN
til paid. Both the principal and interest
of said bonds shall be payable at the First
All interest earned or accrued upon said
bonds UP TO the date when said railway
company shall become entitled TO an ab-
sscl1te delivery OF said bonds, TO wit, under
the terms of this proposition, shall be cred
iteC and endorsed on said interest pOnS at
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
Said bonds and become entitled to an alb
sOlute delivery hereof, and upon their
5elivery to said railway COMPANY the said
ordinance or resolution directing that there
hail he annually levied a tax upon ne
4avahIe property of said town. in addition
~ mi other taxes sufficient to paw when
due the interest TO grow due on said bonds.