Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1915-06-02

on June 1St 1926
Number ten U0) for s. 600 to be payable
on June 1st. 1927
Number eleven I'D for 81. 600 to be payable
on June LIST. 1928.
Number twelve Q2) for $1,000 to be payable
on June 1SL. 1929.
Number thirteen (t3) for 81 900 to be pay
able on June l~t. 1890
Number fourteen Cd for s., 900 TO be pay
Number fifteen % for $1,000 to be pay
able on June ISt, 1882
Number sixteen de- for $1,000 to be pay
able on June lst, 1888
Number seventeen 40 for 81 600 To he nav
able on June lSt 1894
Each of said bonds to draw interest at the
rate of four and one half (41a) per ceDtun7
per annum, payable annually on the frSt
day of June in each and every year from
date of issue until fully paid. All install
mentS of interest on said bonds 70 be e.
denCed by proper interest coupons. to be
executed by the proper officers of said town
of Bee town and made payable to said railway
company or bearer, and attached TO each
of said bonds respectively. All interest not
paid when due 10 draT interest al the same
rate as the principal sum until 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 - to the
date when said railway company shall De-
come entitled 40 an absolute delivery OF
said bonds. 9O-wit, under the terms of this
propositions, shall be credited and endorsed
on said interest coupons at the time of de-
livery OF SAID bonds to said railway comuang:
the said railway company TO be entitled to
the interest only from the time it becomes
be negotiable and their Issue shall in III re-
Streets comply Wlsh the Statutes of this
State AIT horizing them. Al said bonds shall
be issued within thirty 800 days after the
acceptanCe of this proposition by the safH
town of Bee town. st such time as SAID
railway company shall have earned said
bonds and become entitled to an absolute
delivery thereof. and upon their delivery to
said railway company, the said town OF
Beetown shall lawfully pass an ordinance
or resolution directing that there shall be
annually levied a tax upon the taxable
property of said town, in addition to ali
other taxes, sufficient TO pay. when due, the
Interest to grow due on said bonds and also
to nv and discharge the principal thereof
as and by the time the same shall become
due.
Second: ffie purpose of said railway
company is TO construct. maintain and
operate an Electric Railway Of standard
ordinary guage, for the public .l1se for the
overhead transmission lines for IFS power
and with its central power plant located in
the city OF Lancaster. Grant County. wis
Consin, such construction, maintenance
and operation to be in several sections
which shall ultimately connect aud cover
! the route aforesaid. One of such sections
shall commence at the west line of Section
Eighteen (18) Township Four (4) North,
Range Four az West of the Fourth prin-
cipal meridian, in said town of Beetown,
Grant County, wisconsin. extending thence
in general north-westerly direction. over
and along its route as now surveyed. to a
point within the incOrDorated Village OF
bloomington, in said Grant County, WiScon-
sin The said railway company shall have
the said section completed and in operation
by the passage OF cars thereover cOntin-
uOusly from said West line of Section
Eighteen Q3), Township Four (D North,
| Range Four a. West of the Fourth prin-
! cipal N eridan, in said town of BeetOwn to
| point within the incorporated Village OF
| Bloomington, in said Grant County. WiScOu-
sin, by or before the First day of June 1917
/ nd &c Al Of 1-slil
| completed and in operation the said railway
company shall be entitled to all of said
| bonds and 90 receive the same from the
Trustee hereinafter named upon the con-
ditionS hereinafter mentioned.
| THIRD; In consideration of the excel
/ ton and delivery of said bonds said railway
! company shall issue and deliver to said
| town of BeetoWn three hundred thirty (33O)
shares of the capital stock of said railway
company. of the par value Of one hundred
| ZOO dollars each, being a sum in all equal,
ct the par value OF said stock to the trin-
sipaI sum of said bonds: which stock shall
be delivered to the Trustee hereinafter
naEea, Tor the use of said town at the same
times and in like amounts as deliveries shall
be maze OF said bonds to said railway COM
panY, its ggn6cessors or assigns. The said
STOCK and DOE1dS SO issued SHAH be deposited
IN escrow with the Union State Bank OF
Lancaster. Wisconsin, as Trustee within
thirty (30) days after demand therefor Tg
Said railway com anyj its successors az
assigns; and Whenever said railway COM
pany, its successors or assigns shall have
81 ~ VI DcCOmS enllIIeu 10 said bonds.
Sald trustee snail deliver them to said
railway company. its successors or assigns
FORTHWITH. upon being rendered certificates
Tor an equal amount of the capital stock OF
said railway company
FOURTH The fact of construction. com
pletion and operation of said section Of
railway NAV be proved by resolution of the
toWn board OF said town of Beetown or in
Sucn other manner as may be agreed IDon
by sald town board and said railway com
pany.
IN WITAESS WHEREOF. She said THE
WISCONSIN, ElsD ILLINOIS RAILWAY COMPANY
has caused tbs proposition to be executed
by It's President and Secretary. and under
It's corporate seal. this 9th day OF May.
THE WISCONSIN AND ILLINOIS RAIL
WAY COMPANY
LSEALI By JOSEPH 7. BENNETT, President
and F. p BARNETT. Secretary