White Cloud Kansas chief. [volume] (White Cloud, Kan.) 1857-1872, 1869-01-14
Ordinance No. 80.

Ordinance No. 80.
Relative to Subscribing Bsnds for Railroad.
Be IL ordained by the Mayor and Council st tho
City Of White Cloud:
SEcrieN l. That Whereas, On the fifth
(5th) day of January. A. d. 1869. petition
was presented to the Common Council of the
City of White Clond, praying them to pass an
Ordinance submitting to the qualified voters
of this City, at an early day, a proposition for
the City of White Clond to subscribe Fifty
Thousand Dollars OF the Capital Stock of the
Atcbison and Nebraska Railroad Company
and issue to the said Company the bonds of
the City of White Cloud, at par, in payment
OF said stock, upon certain conditions named
in said petition, and none Others;
SEC: 9. And it appearing To the Board Of
Councilmen that said petition was signed by
mrre than half Of the qualified voters Of
said City OF White Cloud, voting at the last
general election; and the matters in said De.
tition being fully heard and considered BY the
Council. it is considered by the Council that
the prayer Of the petitioners be granted.
SEC 3. II is therefore ordained by the Nav.
or aud Cohncif of fhe City Of White Cloud.
,hat an election he held on the 18Th dav of
March. A d. 1869, at the Off i;e of the Mayor,
in the City of White Cloud, to detera inc the
following proposition, t. wit:
Shall the CITY OF White Clond subscribe
Fifty Thousand Dollars eff the Capital Stock
of the A,chison and Nebraska Railro,d Com
pany, and issue the bonds of the City of White
Cloud, at par, TO said Railroad Csmpany. In
payment Of said stock, pavabl thirty (30) wears
after date, with seven % per cent interest,
PAYABLE annually on the first dav of June, with
interest coupons thereto attached, upon the
following conditions, and none Others, viz:
ist. Thst said Railroad shall commence at
the City of Atchison, Kansas, and run north
ward through Doniphan County, Kansas, to
White Cloud, IN the Corn.y aforesaid; and
that said Railroad Company shall be entitled
to twenty y-five thousand dollars in bonds of the
City Of White Cloud, when the Road is graded
from the City of Atchson 20 the City of White
Cloud; and when the ties and rails are laid,
and the Road is in good running order from
Atchison, Kansas, to White Cloud, Kansas,
and the first engine runs into the City of White
Cloud; Kansas, the said Railroad Company
| shall be entitled to the remaining twenty five
thousand dollars Of White Cloud City bonds.
ID. That the said Railroad Company shall
complete the said Road to the City Of White
Cloud within two years from the 18th day oil
March, A. d. 1863.
80. That Depot shall be built BY the said
Railroad Company within the corporate limits
of the City of White Cloud. to cost not less
than five thousand dollars, within one year
after the completion of the Road to said City
4th. That the first instalment of interest on
said City bonds shall become due and payable
ON the first day of June. A D. 1870, and said
bonds shall draw interest from date of theil
delivery to said Railroad Company.
9Th. That Che City Of White Cloud. so soon
as the stock contemplated is subscribed in said
Company, shall be q stockholder to the full
amount thereof, with the rights and privilege.
of individual stock holders.
9Th. That none Of said bonds shall be issued
as aforesaid, until said Company applying there.
for shall file with the City Clerk Of said City
the certificate Of the Chief Engineer of said
Company, attested BY the President and Sec
retary thereof, showing, to the satisfaction ol
the City Corncil. that the work for which
bosds are demanded has been performed N
good faitlr
SEC. 4. And il is further ordained. that said
election he held and returns thereof made q
prescribed BY the general election laws Of the
State Of Kansas, and that the ballots be writ
ten OF printed rs follows: /" For Subscribing the
Stock and issuing the Bends or A gains!
subscribing the Stock and issuing the Bonds;'
and If . majority of the votes cast shall be in
favor of subscribing the stock and issuing the
bonds as Aforesaid, the CITY Council shall sub.
scribe the said stock and Issue said bonds a.
aforesaid; but IL majority Of the said vote.
csst shall be again.t subscribing the stock and
| issuine the bonds, then no bonds shall bs
issne6. -aa'
Approved January 5.h. 1863.
JOSHUA TAYLOR, Mayor.
-. Attest: .ss
VIII. FoascaooK. City Clerk. :
January Z, l669-td. ~,