White Cloud Kansas chief. [volume] (White Cloud, Kan.) 1857-1872, 1869-02-04
Guy Ordinances.
ordinance no. 80.

E@s 0rdInance 80. 80.
Relblfw tosub.cribihg Bonds for Eal.roso.
B{ie&&;ned by tie Mayor and CoaHe.s9t fA'
CO n WSns Cisad:
aSEiJk /. 1siat Whereas. On ehe 9th
fstbI dav of January. A. ID. 1863. petition
vs.. nresented IN the Common, Council of the
0SSfEhhe Cloud. .prsying them TO pass an
Ordinance submitting to the qualified voters
Of this CITY, at an early day, proposition for
en- C;,v n White Clond to subscribe Fifty
Thorsand Dollars of the Capital Stock of The
ttcbison and Nebraska Railroad Company,
and issue to the said Company the bonds of
the City of White Cloud, at par. in pawn, ut
of said stock, upon certain conditions named
In said petition, and none others;
Sec. 2. And it appearing to the Board of
Corncilmen that said petition was signed by
more thsn,One,balf OF the qualified -roters Of
ssidseNytof Waite Cloud, voting at The last
general election; and the matters in said pc
tition being fully heard and considered by the
Council, it is considered by the Ccunci. that
the prayer Of the petitioners be granted.
SEC 3. 1t is therefore ordained BY the May
or and Council 0i the City of White Cloud,
that an election be held on the I3th day of
. March, A. D. 1863, at the Office of the Mayor,
: in the City of White Cloud, to determine the
following proposition, to wit: .l.
Shall the City of White Cloud subscribe
Fifty thousand Dollars ef the Capital Stock
of the krchf>on and Nebraska Railroad Com
psny, and issue the bonds Of the City of White
Ql0d, sst mar, TO said Railroad Company, In
payment of said stock, PAYABLE thirty 1907 years
after date, with seven ~ per cent interest,
spayabie annually the FIRST day 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 Atchison, Kansas, and run north
ward through boniphan County, Kansas, to
White Cloud, In the conncy aforesaid; and
that said Rail- Dad Comraey shall be entitled
to twenty-five THOUSAND dollars in BOMBS of the
City of White Cloud, when the Road il graded
from the City of Atchison 90 tire City of White
Cloud; and when the lies 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.
o. 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 a Depot shall he 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 iBstalment Of interest on
said City bonds shall become due and payable
on the first day of June, A d. 1870, and said
bo6es fhallsiraw interest from date Of their
delivery to said Railroad Company.
9Th. That the City of White Cloud, SO soon
as the stock contemplated is subscribed in said
Company, shall be a stakeholder to the full
amount thereof. oirs, die fights and privileges
of individual stockholders.
9th. That none of said bonds shall. be issued
as afosssaid, untiiea.d Cor.psny 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,
rotary thereof, showing, to the satisfaction of
the City Council, that the work for which
bords are demanded has eeen performed 10
good faith
SIC. 4. And it is further ordained, that said
election he he'd 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: "a For subscribing the
Stock and issuing the Bonds" or "a gainst
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 il a majority of the said votes
cast shall be against subscribing the stock and
issuing the bonds, then no bonds shall be
ISSUED.
Approved January 5.h, 1859,
JOSHUA TAYLOR, Mayor.
Attest:
W. H. FoascRooK, City Clerk.
January 7 q, lS69-td.