The Council Bluffs nonpareil. [volume] (Council Bluffs [Iowa]) 1857-1867, 1859-11-26
AN ORDINANCE

authorizing the Mayor Of the City of Council Bluffs
to subscribe Twenfy fire thousand Dollars to tie
Capital Stock Of the Council Bluffs g. ST. Joseph
Railroad Company.
SEC. / Be it ordained by the Common Council Of the
City of Council Bluffs that election Of The quail fed
OF the City OF Council Bluffs shall be held IN the sew
eral Wards the CITY Thursday the 9Th day OF Deem
ber 1859 for the purpose of deciding whether the
lyOr SAID city shall subscribe Twenty FIVE thousand
dollars to the Capital Stock Of the Council Bluffs st.
joseph Railroad Company and that the polls be opened
at DC *, A. NJ, and to close at O'Clock, NJ,
said day-In the LIST Ward, at the room formerly
cuplcd by Eugene Griffin a saloon the End ard,
at The Pacdc House in the 3rd Ward at the Robins, Ii
House: in the ith ward, at A COchrait's oce; and ia
the 5h Ward, at the room formerly known the Eui
plre Saloon and that SAID election be conducted IN all
respects and the returns made, as at tie regular City
election.
SEC . And be it further ordained, that the election
shall be upon she follow proposition; The Poll Books
shall represent the vote for and against the same 10
wit:
l> shallhe Mayor be authorized to subscribe twenty
thousand dollars TO the Capital Stock Of the Council
BlGf y St. j scPh Railroad Company. and issue cty
coupon Bonds therefor payable ten years after date and
drawing ten per cent interest per album payable an
nua!ly. ID, Shall the Common Council be authorized
annually 10 levy spec al tax, payable cash,
ceding two mills upon the do lar upon all real and per-
sondi property within sand city for the purpose Of
ing h annu interest upon the bonds aforesaid and
after sand Bonds have been issued FIVE wears further
payable cash, bot exceeding mills the dol
lar valuation Of all real and personal property within
said city for the purpose Of creating fUnd wleTewth
TO pay off and redeem sai! Bonis when due?
SEC And be 1t further ordained, that the vote shall
he by ballot and those vYg favor Of the PROPOSE
tiuns shall vote a ballot with the words written or
prlH'e thereon For the subscTipipI Of Stock And
thoscvottng a-ainst the proposition shall vote ballot
with the WORKS written printed thereon - Against
the Subscription Of Stock"
SEC 4 And be !, further ordained, that in
jOrlty # all the votes cast SAID eectivn shall he
For the subsC- !ptlun Stock" then and that
the Mayor shall he authorized subscribe aud is
hereby made his duty subscribe yfve tn uaIId
dollars in the of the CITY to he Capital Stock q"
the Council Bluffs X st. joseph Railroad Company -
payable IN the Bonds SAID city drawing emit
interest Ter aIlun and payable ten EeIrS after date,
Pr0rfded, That Bonds "f sat City al be issued
until il >G7 lie shown by the affidavit OF the CHIEF En-
gneer. that The If one hundred dollars has been
expended by sad Company in grading in the purchase
ties other materials for labor ctually perft
In the cpnstructn of said road and i'll shall the
Bonds Issued exceed IN amount the amount actually
expended IN the construction OF said road shown by
the affidavit ii he Chief Engineer And,
PrOUde6 further, that in all cases, before bonds
shall be issued, Cert fCate Of Stock shall be Issued
and rendered To said city, eqna in to the city
Bonds, required by sad company Issued by the
city.
5. And be it further ordained that the Common
Council should the vote be For the subscTip ion Of
STICK hereby the right of the city pay her
binds said city 10 pay o her Stock by issuing her Bonds
10 the Company. the work up, the road progresses
until the Whole Is pEit. Each Bond to i interest
aforesaid, date and 10 lie n Jde payable years
after dae and not 10 be Of less denomination than
hundred dollars.
SEC This Ordinance shall be published in the Coun-
Gil Bluffs EuGe and NOnpGreii the day of said
election and the pub ication Of the hall be deemed
sufficient notice u the time and places Of holding said
eIectIon.
s,Approved, November a 1859.
GEORGE DOUGHTY, MAYOR
Attest T P. TREYNOR, City Recorder.