Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-05-21
COVINGTON NEWS.

a.
ACTIVITY IN THE REAL ESTATE MARKET
At no time since Covington has had an ex-
istence has real estate been in such demand
as at present. The manifest advantages of
the place over any other town in the vicinity
of Cincinnati is so apparent that no one can
fail to observe it; and hence the active demand
for vacant lots, for the purpose of making
immediate improvements. The owners of
improved property are unwilling to sell, and
those wishing TO procure homes are compelled
to make their own improvements. Persons
entirely conversant with the facts are san
guine that not less than fourhundred houses,
large and small, will be erected during the
present year, and that the aggregate increase
Of population will be about $500, or more
than double that of 1859.
STREET RAILROAD ELEcrIoN.--Next Satur-
day is the day appointed to take the sense OF
the people of Coyington on the Street Rail-
road and Bridge Ordinance. From the ex-
citement which has been manifested since
the matter was first proposed, we infer that a
large vote will be polled. Both parties are
confident of success and are using their ut
most endeavors to secure it. The following
are the requirements with which the Bridge
Company must comply, within the time
specified, or they lose their right to use the
streets for railway purposes: 'i"',, Il
| y.
that the purpose and object of this grant
| is to aid in the construction of the Govington
and Cincinnati bridge by adding this grant to
the valuable franchises already secured tO
said Bridge Company--either that said Bridge
| Company may construct and use said rail-
way in connection with their bridge for
| the transportation of passengers and freight
to and from the Kentucky Central Rail
road Depot, through the city of Covington
across the Ohio River, under the limitations
hereinbefore stated, ON behalf of and for prof
to said Bridge Company; or, that said Bridge
Company may assign and transfer the rail-
way grant herein made, TO such person oil
persons and upon such terms as may b(
| deemed for the interest Of said company
| provided, however, that before any assign
ment and transfer of said railway grant shal
be made by said company, the contract O
assignment, with the names of the proposed
] assignee OF assignees, shall be submitted Il
4 the City Council of Coyington, and said as
signment or transfer shall not be eifectual t.
pass said grant or any interest whatever il
| the same, until it shall have been ratified anC
confirmed by said City Council.
Sec. 10. And IL is now declared that If saiC
Bridge Company shall fail 10 complete thei
bridge across the Ohio River teithin fee gear
| from the passage of this ordinance, then grant
| herein shaH cease and be void and of no effect
and that this grant shall not be used unles
by its use II will secure TO the said Bridg
Company a bona Jfde subscription Of at leas
$l5O'OOO to the stock of said company; whicl
subscription shall be cash subscription, AM
shall not entitle the parties making such sub
scription of stock TO any contract with sal,
Bridge Company 10 use at any time, for an,
purpose, any part of said bridge when com
pleted, on any other than the customar,
rates charged or to be charged for the use Q
said bridge. ,,,.-,,. ,t...t i.,ite ,f,,.l.
| Sec, III. If within the time which is :
elapse before the first regular meeting Of tn
City Council after the second Saturday \
May, 1860, any citizen or association Of cit
zens of Covington, Kentucky, shall furnis
TO the Coyington and Cincinnati Bridg
Company good cash subscriptions TO the CAP
ital stock Of said Company to the amount {
$3.50, 900, or more, then such citizen, or asse
citation Of citizens shall take the place of sal
Bridge Company in this ordinance, whic
, will be SO amended at said regular meeting
or as soon thereafter rs practicable, as
completely substitute such citizen or associi
tion TO ali the grants and privileges hereil
) subject TO the restrictions Of this ordinane