The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1859-11-19
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Auihorizing the Manor of The City Of Council Bluffs
ITO subscribe T,oenfy.fps Thousand Dollars to the
Capital Stock of the Council Bugs 4 st. Joseph
Railroad Company.
SEC / Be is ordained by the Common Council Of the
City of Council Bluff, that election Of qualified vo-
tiers the City of Council Bluffs shall be held in the
er Wards Of the City Thursday the Sth day of Septem
ber D. 1859 for the purpose OF deciding whether the
Mayor city shall subscribe Tw thonsa
dollars to the Capital Stock Of the Council BUNS & St.
Joseph Railroad Company, and that the polls be opened
at O'Clock, A. and to be closed at O'Clock, NJ,
said dayn the list Ward at the house formerly
cupied by Eugene Griffin a saloon ID the end Ward
the Pacific House, in the 3rd Ward at the Robinson
House, in the 4th Ward at A. Cochrans Office and in
the 9Th Ward, at the room formerly known the EN-
pire Saloon and that said election be conducted all
respects and the returns made at the regular City
election.
SEC. . And be it further ordained that the election
shall be upon the following propositions The Poll Book
Shall represent for and against the same to wit 1s
Shall the Mayor be authorized to subscribe twenty Ave
thousand dollars to the Capital Stock Of the Council
Bluffs st. Joe Railroad Company and issue
pom Bonds therefor payable ten years after date
drawing ten per cent interest per annun, payable
nually. Cd, Shall the Common Council be authorized
annually to levy special tax payable in cash,
ceedng two mills upon the dol lar upon all PET
property within said city for the purpose
ing the annual interest upon the bonds Aforesaid and
alter said Bonds have been issued five years further
tax payable in cash not exceeding two mills the dol
lar valuation of all real and personal property within
said city for the purpose Of creating fund wherewIth
to redeem said Bond when due?
SEC And be 1t further ordained that the vote shall
be by ballot and those voting in favor Of the PROPOSE
tons shall a ballot with the words written or
printed thereon For the subscription of Stock. And
those against the proposition shall vote bal ot
with the words written or printed thereon Against
the Subscription Of Stock"
SEC L. Aud be it further ordained that in case ma
jOrty of all the votes cast at said election shall be
" For the subscription OF Stock" then, and in that
the Mayor shall be authorized 10 subscribe, and 1t
hereby made his duty to subscribe hous and
dollars the name Of the City TO be Capital Stock OF
the Council Bluffs St Joseph Railroad Company"
payable IN the Bonds Of said city drawing per cent
nSerc~t per annUm and ten after date.
PrOrided That no Bonds Of said sity shall be issued
until 1t shall he shown by the affidavit of the Chief Eli
gInccr. that the sum Of one hundred dollars has been
expended by sand Company in grading in purchasing
tic or other materials fri dor a;tuay peTfCr ned q
the Lst uctl OF SAID road shown by tie affidavit
the Cher Engineer. And.
Pr0rided further, that in all before any bonds
shall be issued, Certificate of Stock shall be issued
Bonds required By said company to be Issued to the
city.
SEC 5. And he it further ordained. that the Common
CninrII should the vote be For the subscr ptun
Stock. hereby waves the right of the city to pay her
suh.,TIpu"n other Stockholders, but agrees And
bII- aI ty pay Of her Stock by issuing her Bonds
10 The company. as the work PROGRESSES until the whole
Is Paid Each Bond r. pay interest aforesaid from
date, and to made payable ten years after date and
not to be Of less denomination than hundred dol
lars.
SEC. This Ordinance shall be publ >hcd IN the Conn
CT BlUFS BugiP AMI NOnpOrsH until the day OF salL
cirrlun and the part ion Of the shall be deemed
c.e,tIru
Approved, November A. 1859
GEORGE DOUErTY MAYOR.
Attest, T p. TREYN0R, City Recorder.