White Cloud Kansas chief. [volume] (White Cloud, Kan.) 1857-1872, 1869-02-11
City OrdinanctsA
Ordinance No. %.

i ~ Ordinance No. %.
/ Relative to Subscribing Bonds for ES'toad.
Be e ordaiaed by The Msgsr cad G. sHESi d =
City Of White Cloud: IA
FICTION /. That Whereas. On the fftl
! (5th) day of January, A. D. 1863. q. petition
was presented to the Common Council of tn
City Of White Cloud, praying them to pass Al
Ordinance submitting to the qualified voter
of this City, at an early day, proposition TO
the City of White Ciond to Subscribe FIT,
Thousand Dollars Of ihe Capital Stock of tn,
! Atchison and Nebraska Railroad Company
and issue TO the said Company the bonds o
the City of White Cloud, at par. in paymen
OF said stock, upon certain conditions named
I in said petition. and none others;
SIC. 2. And it appearing to the Board o
Counciimen that said petition was signed b,
N re han one-haif Of ene qualified voters q
said City OF White Cloud, voting at the las
general election and the matters in said pc
tition being fully heard and considered By the
Council. h is considered by the Council thai
the prayer of the petitioners be granted.
SIC 3. 1t is therefore ordained ny she May.
or and Council of the City Of White Cloud
that an election be held on the 18th day oil
March, A. d. 1859, at the Office OF the Mayor
in the City of White Cloud, to detern inc the
following proposition, t, wit:
Shall the CITY OF White Cload subscribe
Fifty Thousand Dollars ef the Capital Stock
of the ltchison and Nebraska Railroad Gem
pany, and issue the bonds Of the City of White
! Cloud, at par. to said Railroad Company, in
paymeet of said stock. pay able thirty (30) years
after date, with sevsnifl per cent. interest,
payable annually on tbs FIRST day Of June. with
interest coupehs thereto attached, upon the
following conds tons, and none others, Wig:
Do; shall =.
the City of Atchison. Kansas, and run north
ward through Doniphsn Coaaty, Kansas, to
White Cloud, in the County aforesaid; and
that said Railroad Company shall be entitled
to twenty I've thousand dollars in bones of the
City of White Cloud, when the Road is graded
from the City of Atchison 20 the CITY of White
Cloud; and when the ties aud 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.
"a That the said Railroad COMPANY shall
complete the said Road to the City of White
Cloud within two years from the 18th day Of
March, A. D. 1869.
3D. 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 complexion of the Road to said City.
9Th. 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 daAe of their
delivery to said Railroad Company.
sth. That TIRE City Of White Cloud, 30 soon
the stock contemplated is subscribed in said
Company, shall be stockholder to the full
amount thereof, with the rights and privileges
of individual stockholders.
9th. That none Of said bonds shall be issued
as aforesaid, until said Company app wing 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
rotary thereof. showing, to the satisfaction of
the City Council, that tie work for which
bosds are demanded has been performed in
good faith.
SEC. A. And it is further Ordained, that said
election be held and returns thereof made as
prescribed by the general election laws of the
State of Kansas, and that the ballots be writ
ten or printed as follows: " For subscribing the
Stock and issuing the Bsnds,' or IA sainst
subscribing the Stock and issuing the Bonds"
and if a majority of the votes cast shall be in
favor of subscribing the stock and issuing the
bonds as aforesaid, the City Council shall SUBJ
scribe the said stock and issue said bonds as
aforesaid; but if majority of the said votes
cast shall be against subscribing the stock and
issuing the bonds, then no bonds shall be
issued.
Approved January 5lh, 1869.
JOSHUA TAYLOR, Mayor.
Attest:
W. II. FonNcRooK, City Clerk.
January Z lS69-td