Jasper County Democrat, Volume 15, Number 56, Rensselaer, Jasper County, 16 October 1912 — Says Townships Incurs No Liability. [ARTICLE]

Says Townships Incurs No Liability.

Editor Jasper County Democrat: Referring to youi* publication of recent date relative to Voting a tax in Carpenter and Jordan Townships to aid the Indiana and Northwestern Traction Co., I desire to advise that under section 5489 the county and township have no liability on the stock issued to them. Said section provides as follows: 5489. Non-Lia-bility of county or township.—3. No county or township which shall become the owner or holder of any stock in any railroad company shall, in any case, be liable for any debt or claim for work, labor, or material in building such road, after the assets of the company shall be exhausted. It will thus be seen that the township is the favored one, as it may have stock and receive dividends and at the same time incur no liability.

The township is protected l all the way through. Not one penny is paid by it ’ unlep-T*e- road goes through and is put in operation. It must first receive the benefits before any tax is payable. ' t Very Respectfully,

W. H. PARKISON.