White Cloud Kansas chief. [volume] (White Cloud, Kan.) 1857-1872, 1869-01-21
W. H. FoRNCRooK, City Clerk.
Ordinance No. 80.

1
Relative to Subscribing Bonds for Railroad.
Be il ordained By tie Mayor and Council Of III:
City Of White Cloud:
SEcrfeN 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 Cloud, praying them to pass an
Ordinance submitting to the qualified voters
of this City, at an early day, proposition fol
the City of White Clond to subscribe Fifty
Thousand Dollars Of the Capital Stock of the
Atchson and Nebraska Railroad Company
and issue to the said Company the bonds Of
the City of White Cloud, a: par, in payment
Of said stock, upon certain conditions named
in said petition, and none others;
SEC. 2. And it appearing to the Board OF
Councilmen that said petition was signed by
more than one-half of the qualified voters OF
said City of White Cloud, voting at the las,
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. 1t is therefore ordained by the NAV.
or and Council Of the City of White Cloud
| that an election be held on the 18th day ol
March, A. d. 1869, at the Office of the Mayor
in the City Of White Cloud, to determine the
following proposition, I, wit:
Shall the City of White Cloud subscribe
Fifty Thousand Dollars eff the Capital Stock
of the Atchison and Nebraska Railroad Com.
pany, apd issue the bonds of the CITY of White
Cloud, at par, to said Railroad Crmpany. in
payment of said stock, payable thirty (30) year.
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:
lst. That said Railroad shall commence at
the City Of Atchson. Kansas, and run north
ward through Doniphan County. Kansas, to
White Cloud, in the County aforesaid; and
that said Railroad Company shall be entitled
to twenty five thousand dollars in bonds 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 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 Citv of White
Cloud, Kansas, the said Railroad Company
shall be entitled to the remaining twenty FIVE
thousand dollars of White Cloud CITY bonds.
81 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.
Sd. 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 wear
after the completion of the Road to said City.
4th., THAT the first instaiment of interest on
said City bonds shall become due and PAYABLE
on the 6rst day of June, A d. 1870, and said
bonds shall draw interest from date of their
delivery to said Railroad Company.
5th. That the City Of White Cloud. 40 soon
as the stock contemplated is subscribed in said
Company, shall be a stockholder tn the fnJI'
amount thereof, with the rights and privileges
of individual stockholders.
9th. That none of said bonds shall be issped
as aforesaid, until said Company APPLYING there.
for shall file with the City Clerk of said Cit,
the certificate of the Chief Engineer of said
Company, attested by the President and Sec.
retary thereof, showing, to the satisfaction Of
the City Coupcil, that the work for which
bords are demanded has been performed in
good faith
SEC. 4. And it is further ordained. tha. said
election be held and. returns thereof made az
prescribed BY the general election laws Of the
State of Kansas, and that the ballots be srit-
ten or printed as follows: +" For subscribing the
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 sub
scribe the said stock and issue said bonds as
but il . majority of the said votes
cast shall be against subscribing the stock and
issuing the bonds, then no bonds shall be |
issued.
Approved January 5ih, 1869.
JOSHUA TAYLOR, Mayor.
Attest:
". H. Foaxcaoox. City Clerk.
January 7, le69-td.