The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1870-06-29
Straight Line RaIlrOad-PFOpOsltiOn
OF President, and Petition OF CIti

zens.
AS the Straight Line Railroad pro
position submitted by the Council to
a vote of the people for July 9th is
likely to be the absorbing ques-
ton in Evansville for the next few
weeks, we append copy of the Propo-
sition of Mr.. Fellows, President of
the Road, and of the Petition upon
which the action of the Council was
based. The petition had the sigma
lures of eight hundred and eighty five
citizens and business men, among
which were some of the leading names
in the city:
PROPOSITION OF PRESIDENT FELLOWS.
To the Honorable Mayor and Common
Council of the City of Evansville:
The undersigned President of the
| Evansville & Indianapolis Railroad
| Company, respectfully represents that
the said Railroad Company is duly
organized under the laws of the State
of Indiana, for the purpose of con
struoting q railroad from the City of
Evansville, through Vanderburgh.
Warrick, Gibson. Pike, Daviess and
Greene Counties, to an intersection
with the Indianapolis & Vincennes
Railroad, at a suitable point in said
Greene County, State of Iudiana; chat
the said Company will Immediately
proceed to the construction of said
road upon the following conditions:
If the said Common Council of the
city Of Evansville, will in pursuance
of the laws of the State of Indiana,
authorizing the same to take and
subscribe stock on the said E. Z /. II.
! r.. Co. to the amount of $500, 900, re-
serving to the said company the right
to issue such other stock In common
with the said stock of the said city of
Evansville, as may be necessary; and,
/ also, reserving to the said company,
the right to issue 5000, 900 seven per
cent. preferred stock in said company,
in such manner as said company shall
deem for the interest of said road !;
the stock taken and subscribed by the
said city of Evansville, to be paid for
In the bonds of said city running 30
years bearing per cent. interest, and
payable at some banking house In the
city of New York semi-annually; the
said bonds to be placed in the custody
of some dlsinterested and responsible
party, and to be held by such party
and delivered to the said Il. & /. r r.
| Company upon the following terms
and conditions: That whenever the
said road is so far completed as to
| permit a locomotive and train of cars
to pass over the whole length of said
road from the city of Evansville to a
junction or intersection with the I.
q V. Railroad at some point in
Greene County, Indiana, then
the whole amount of the said
bonds shall be delivered to the said
Company, aud that the said Company
shall in no wise have any right or
claim upon the said bonds without a
compliance with the said conditions,
and that the interest on said bonds
shall begin to run only from the time
whom said bonds shall or ought to be
delivered as aforesaid.
I That whenever said conditions are
complied with, and said bonds are de-
/ livered to the said Company, then
the said Company shall issue and de-
liver certificates of stock for the
amount of said subscription of stock
to the said city of Evansville.
1t is respectfully submitted that
with the aid hereby asked and such
other aid as the company expect to
I obtain from other sources on the line
Of the said road, the same can aud