Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1870-08-09
Neac Advertisements.
N ORDINANCE to take the sense lp

: !
4 N ORDNANCE to take the sense Of the
~ qualified voters ofthe Town of Staunton, on
the questionaof further subscriptionto the Stock
of the Valley Railroad Company, upon certain
BE IT ORDAINED blythe Council Of the Town
of Stanton
LIST, That on Saturday, the 10th day of Septem-
Der, 1870, election shall be held, and polls be
opened at the various places of voting in the
Town of Staunton, under the supervision of the
Officers appointed to conduct the last general
election in said Town, to take the sense OF the
qualified. voters of said Town, upon the question
whether the Council of the Town of Staunton
shall subscribe to the Stock of the Valley Rail
Road Company, in addition to the amount here
tofore authorized to be subscribed, sum not ex-
ceeding one hundred thousand dollars upon the
terms and conditions prescribed by law, and up
on the further fundam entail conditions following
that is to say First That said Council sh all not
subscribe said sum unless and until in addition
to the sum so subscribed, subscriptions shall have
been made bysother corporations or persons, sol
vent and able to pay, to an amount sufficient to
make up the sum of three hundred thousand dol
lars. so as with said sum of $500, 600 to make up
the entire, sum of $780, 600 necessary to COM
plete the Stock Subscription of said Company,
in pursuance of the Ordinance of the City of
Baltimore
End That said Council shall not make any
such subscription, unless and until a guarantee,
satisfactory to said Council shall have been Civ
en- by the Baltimore & Ohio Rail Road Com
thorized, to be subscribed for by said Council,
shall be sufficient to pay the interest, as it ma
lures on the Bonds Of the Town issued to pay for
such additional stock, and until said Bonds be-
come due and payable; Provided, however that
such guarantee shall cease, whenever said Town
shall dispose of such Stock, or it shall be abated
in proportion to the amount so disposed of; and
provided further, that in the dividends shall
bespaid over to said guarantor, until the amount
of interest advanced by such guarantOr shall
have been fully refunded, and thereafter, unless
the said Town. through its Council, shall elect
lease and discharge the guarantee altogether
and Third, that the Town of Staunton shall be q
point in the main line of the Valley Rail Road.
a And be it further enacted, That said election
shall be held, and the returns made, and the re-
suit declared in the manner prescribed by the
Act of the General Assembly of Virginia eap-
proved June 9th, 1870, entitled, IAN act to aIl-
.'thorize subscriptions to the Stock of incorpora-
''ham, Augusta, Rockbridge, Botetourt, Craig
..and Roanoke and the Towns of Harrisonburg,
.'Staunton, Lexington and Salem Fl ~ ts9T
a3rd, This Ordinance shall be in force from its
pi aasst JAaPs zg +. PArrrRsos, Clerk.
a2e Town papers copy .uqsf-sV 3ae40 as8I
OMMISSIONER'SS SALE OF LAND.
" By virtue of a decree of the Circuit Court
OF Augusta county, rendered at the july
term, 1870, in the case of Crawford VS.. Bayly and
others, we will proceed, on Thursday, Septen.-
Der 8th, 1870, on the premises, to sell at public
auction to the highest bidder the tract Of land
i. the proceedings mentioned. containing
29S acres and 81 poles. lying about 5 miles
North of Staunton, adjoining the lands of Schut-
terle, Sillings and others, being the same tract
conveyed to E. W, Bayly by B. Crawford, by
deed dated LIST of September, 1870 This land is
of excellent quality. with good dwelling house
and other Improvements upon it. e e3s15FfA
TERMs-So much in cash as will pay the costs
of suit and sale; the remainder in three equal
payments. at one, two and three years. with in
terest thereon from the day OF sale-the purchas-
er executing bonds with good personal security
for the deferred payments and the title reserved
as ultimate security. az. -. 49,,
'And the Court reserves the right, in its dis
erection, to retain upon the land as lien, Of the
purchase money after it becomes due, an amt
not to exceed $3.50. Is with interest thereon from
the LIST day of September, 1867, to await future
orders of the Court, in fulfillment of the con.
tract "A" between the plaintiff and defendant
Bayly,"
l. -. 49, G. M. COCHRAN, Jr. /