The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1919-11-20

the fiscal agency of the State of
Kansas, thirty 500 years after the
date thereof, with option to pay
same at any time after ten years
from date, and shall bear interest
at the rate of six per cent (6 per
cent? per annum, payable semi
annually, which interest shall be
evidenced by coupons attached to
said bonds and payable at said
fiscal agency. This subscription to
stock and issue of bonds being upon
the following conditions, i. e.:
AS soon as said proposition shall
be determined in the affirmative
by canvass of the votes cast at
such election, the Township Board
of said Township of Liberal, County
of Seward, State of Kansas, for and
on behalf of said Township of Lib
eral, shall order the Treasurer CT
said Township of Liberal to make,
and the Treasurer shall make said
subscription in the name Of said
Liberal Township, for the said Eight
Hundred Seventy (870) shares of
the capital stock of said railway
company, upon the terms and condi-
tions as herein provided:
Said bonds of said township in
the amount hereinafter specified,
shall be issued and delivered to said
Railway Company as soon as, and
only in event the said Railway Com
pany shall issue and deliver to the
Treasurer of Liberal Township,
Seward County, Kansas, coincident
with the delivery of the bonds,
stock in said Railway Company in
an equal amount, dollar for dollar
of the bonds authorized and to be
delivered as hereinafter set forth;
and also and only in event the
said Railway Company shall have
complied with the following re-
quirements:
(a) When said Railway Com
pany shall have constructed and in
operation on or before December
81, 1921 delays due to Govern
ment restrictions, litigation, labor
troubles and other causes beyond
the control of said railway COM
pany expected) its line of railroad
in said township between some point
adjoining the right of way of the
Chicago, Rock Island and Pacific
Railway Company in the City of
Liberal in said township, and some
point on the north or west line of
said township, and in a general
northwesterly direction from said
City of Liberal, there shall be
delivered to said railway company,
Sixty-Six Thousand 1896, 000.00)
Dollars of said bonds; or so much
thereof as shall be equivalent to
Six Thousand ($6,O00.00) Dollars
per mile of railroad track and side
track constructed by said railway
company between said limits.
(b) When said Railway Com
pany shall have complied with the
requirements necessary to entitle it
to receive the bonds referred to
under subdivision "a" and shall in
addition thereto have constructed
and in operation on or before
December 81, 1922 delays due to
Government restrictions, litigation,
labor troubles and other causes
beyond the control Of said rail
way company, excepted) its line
of railroad in said township be-
tween such point adjoining the
right of way of the Chicago, Rock
Island & Pacific Railway Company
in said city of Liberal, in said
and some point on the
South or East line in said Township,
in a general southeasterly direction
from said city Of Liberal, then up !
on tender of stock of the Rail-
way Company as provided above,
there shall be delivered to said Rail
way Company the remaining
Twenty-one Thousand 1921, 000.OO)
Dollars of bonds, or so much there
of as shall be equivalent to Six
($6,OOOO0) Dollars per
mile of railroad track and side track
between said limits.
The said bonds shall be issued and
delivered to, said Railway Company
on the condition and provision that
the total amount of bonds hereby
petitioned for shall not exceed ten
per cent of the taxable property
of said township as determined by |
the assessment books of the pre- ]
redng year; and provided further /
that the total amount of bonds de-
livered to said railway company
shall not exceed an amount which
when added to all other outstand
ing bonds of said township, shall
make the total bonded Indebtedness
of said township more than twenty
per cent of the assessed valuation
of such township as shown by the
books of the preceding
year.
We further petition your Honor
able Body to adopt and use the
following form of ballot in submit '