County to issue 260000 stock to build railroad line
Lancaster county voters face a March referendum on subscribing 260 000 to the Cincinnati Wilmington and Zanewville Railroad. The plan would raise 7 000 annual interest on 7 442 964 taxable property, with taxes rising by one mill and per person payments phased over three years, then offset by dividend yields once the line is completed. The measure requires county commissioners and local authorities to issue bonds and levy taxes to fund the project and to grant powers to the railroad company and participating towns.
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