The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1859-12-03
AN ORDINANCE.

Authorizing the Mayor Of the City of Council BfaFs
to subscribe Trenty fire Thousand Dollars TO lie
Capital Stock of the Council Bugs T. St. Joseph
Railroad Company.
SEC Be il ordained BY the Comm N Council, Of the
Clty Of Council Bluffs that eieti" Of the qualified 20
OF the CITY Council Bluffs held III the
er Wards Of the City Thursday tie Sh day Deem
Der, D. 1853 for the purpose of deciding whether the
Mayor Of SAID city .hal TWENTY
dollars to the Capital Stock Df the Council ufs ST.
Joseph Railroad Company and that the pofs be ed
at O'Clock, A. NJ. and to close O'Clock. p ST.,
of said dayin the LIST " ard at the formerly
cupicd by Eugene Grifia saloon in the end Ward,
at the Pacific House; in the 3rd Ward the Robinson
House; III the Attn HaT'i AT A. Cochrans Office and in
the 9Th Ward, al the rIum formerly known the En-
pre Saloon and that said election be conduct ed all
respects and the returns made, at the regular City
election.
SEC. , And be it further ordained tha. the election
shall be upon the following propo>ion Tie Poll Books
shall represent the vote Tor and against the same,
wit:
lst Shall the Mayor be authorized subscribe twenty
five thousa nd dol to the Capital Stock the Council
Bluffs n st. Joseph Railroad Company, and city
coupin Bonds therefor payable years after date and
drawing ten per cent interest per aunuH, payable
nually. Cd Shall the Common Council be authorized
annually to levy special tax payable IN cash. not
ceedng two mills Ep'n the do lat all real and per-
sona property within said city for the purpose Of pay
ing the annual interest upon the bonds aforesaid and
after said Bonds have been issued i've years further
tax, payable in cash. not exceeding mills the dol
lar valuation o: all real and personal property within
said city for the purpose OF creating fund whercwith
10 pay OH anu leLeel sdil Is tnis %nfn jkleS
SEC. B. And be 1t further ordained that he shall
be by ballot and those voting IN favor Of the prcpus
tuns shall vote ballot with the words written
printed thereon " For the subscription Of Stock" And
those voting against the proposition shall vote ballot
with the words written or printed thereon Against
the Subscription Of Stock
SEC. 4. And be 1t further ordained that in
iorlty Of all the votes cast at said election shall be
For the subscription Of Stock then and that
the Mayor shall be authorized 10 subscribe, and Is
hereby made his duty utScbe twenty-five Thousand
dollars in the name Of the City to be 90 Capital Stock Of
the Council Bluffs < St Joseph Railroad Company"
payable in the Bonds Of sd ii city. drawing per
Interest per annum, and ayab ten wears after date
Provided, That Bonds Of sail City shall be issued
until it shall be how Ivy the affidavit the Chief En-
glncer that the sum Of ne .uTGl dollars has been
expended by said Company in grading the purchase
ties or other materials or for labor actually peri
in the constructs of sand road! and in shall the
Bonds issued eXccc! in unit the amount actuallr
expended in the construction Of said road shown by
the affidavit of the Chief Engineer. And
Prorided further that III all cases. before any bonds
shall be issued, Gerth ate Of Stuck shall be issued
and rendered to said city, equal in the rty
Bonds required by sac company to be issued by The
city.
SEC. S, And he il further ordained that the Common
Council, shord the vote be " For the subscriptions II
Stock hereby the right of Tie city to pay her
subscription other Stockholders, but agrees. ami
binds said city pay off her Stock y issuing Bombs
to the company the work Hpon the road prrgrcsse
until the whole paid Each Bond to draw interest
aforesaid from date, AMI to be made payable years
after date and not 10 be OF less denomination than
hundred dollars.
SEC This Ordinance shall be published in the Cour.
Gil Bluffs Bugle and NDnpHreH until the day Of SAID
election and the nhliCat of the shall he deemed
sufficient notice Of the time and places of holding said
election.
I ,Approved November Is. 1889.
GEORGE DOUGHTY, MAYOR.
Attest, T.P. TREYNoR, City Recorder.