Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-03-15
saELHI COUSIN ogAar..L1 COM

IRAN.
IHUEsuAT, lamar p. I1TL
state Of Tennessee. shelby CounE--ar. y
Goafl, Quarle-y Term, January. a-
Iue selma. Marion aud Memphis F.I- u
company o. enneSs-e and I u. De-
merry The Memphis. Holly SPRING.. s-l.. Ia
anu SEINE hatlroal company. Hr rI-lr Ir.-
4eut, n. b Forrest ana q majority az rHs
Directors, having applied % L1fs I1u.| %
l take on behalf OF lbe County OF Sna.H-. q
Hundred Ihou-7n1 Dollars $4,000 Co.. ne
Capital Stock OF said Company. aud H-..r-
ing tnaU the Interest 81 the people OF "a
county VIII De- greatly urGuluteE uE q
/ speedy construction uf said EEllFCaf.
It o. tneIel9fe ordered BT the Court. I. TO-
Five Hundred TuousauI Dollars be- .-
scrlDed % the capital stock OF tl= said Conc
pany. 70 De paid IN nT6 auuuzL IusraIU-u e
Of one Huudre Thousand Dollars ar.-
Without lu-erest, up0u the following terms
and conditions VIZ
L. The Western terminus OF said Paff--.f
shaA be and always remain az AHmPl.E-
Tennessee.
. The money paid under this sub--rIrHar.
OF Eae e-ruucaLs OF lnaeDrzdues5 larauaU q
authorized 90 ne issued. shall be unH-|-.
Flrt-I0 the grading, bridging and mason
OF ilal portion OF the road within the county
OF SHELBY. commencing tna work I'll rrs---
pnls AID completing u o0-ntiuuCuslr. ra1.v
Tor the supeisLsucture, o. TIE County ina
SecOudly-T0 the purchase Of cr0ss-uas. .r.u
rails and fast5uiugs sufficient 90 lay tl- track
within the uuf Of shelby. IUIrIE=Hg
the purchase of locomotives and cars -.-
Atleut 70 opefa+e luaL pHFLtp4 OF The Oh. a
wat1ln The county, and 90 The LAYING 9I e
track over the same EUuItEly-I8 the .-.-
ton fsuen uspoe.p platforms, section IGu..
machiue SHOPS, turn tables, water stat.
and The purchase OF sucl u~lcLLlerr for TIA
shops as may De necessary ar The -c nom ..u
operation Of the road. F~iIEly-5Eoull any
portion el lAe alD>cfiptlQn remain al ll rU.L
part OF the ruad IN shelly COUNTY is Er..v
completed and equipped a. q hr-L-el- eos r1. q
IN every respect Lleu sueL Gu~eApeuaaI pore
ton shall be applied to the extension Of the
road Into Mississippi, in tle same order ard
for the same purposes as required ~ be exc
uEUnau Hm smelly .LTUTEH ana" N mart" OIL "-L
money hereby subscribed, u.r OF the Ger.
Gales of Indebtedness here natter alruulrr.I
70 be Issued, shall be aseU i0r Lua payment.
onrefs Salaries, continuation Cmue laEr
printing, stationery, or Oller general OF I.-
c-ellaneOus expense OF The company. nor .r
IlsuLoL way Or urP-L gfo44t-s and any H
latiOn Of these conditions ON the part 1l 81
said Railroad Company shall render b
subscription wholly void as % uIl u-ra-s
payments.
3 Before any portion Of the money herein.
subscribed shall be paid over Co E-IH 6a.I...
DEB eGntss shall Do delivered Co Che a..
Railroad Company. the President OF sad
Company shah HE with the terE Hl The
county court an accurate Do tII NaU.-
graphical slap OF the nusl Location of Tia
Road IN Shelby COuuEy. and au aCalrar. r--
hle Of she same, showing the quEeuri.s .f
excavation borrowed e~HDarkueur. 10
masonry, and Of bridging o. be- done on .lal
section. and a copy Of the srecIIeaL uE au 4
form OF contract under which the work roe
4ulie1 70 ps Gone when map PRONE El
specification shall be- certified by the CH..f
Engineer Of said Road unOer cath as clITeE-.
4. tn unu2I lustzlmeuts shall be assessed
by the Court each year at tla same dina
tbatt the other County taxes are assessed. ana
snail be collected e the same um6 Gtltr
Counts taxes are collected
8. At the term Of the Court each year pre-
ceding the term 40 which t1e tazes are % la
assessed, the Court may appoint oue or moi "a
competent Civil Engineers, OF ulen cIaraH-
for integrity, who shall have mo- connect OOH.
with said Railroad, TO 90 ON The lime aL a1L
Railroad and make Ia accurate mHaeuu-
mnmE az all the WINK nlna am HnH""" L-.
the locomotives ears, machinery. uulIlLuEs.
and material NJ cred Tor the Road. u#L
make a detailed IttmiZed report Crfles me-.
and the value nert0l il detail estimated as
ia r and reasonable pEIses for each item
said report FnaA De made by the said Ll--
neers uu0eT O4In 70 the Court u1 the E.La
term following their appointment sud r..F
President and Chief ueiue OIL sail. Com
psuy shah be bound 20 AFFORD said Engineers
appointed Dy the Court access % their book
notes OF the WORK. aut every flCi-;T tor ara
irving at a correct measurement and value
OF the sane
g. ne President or the said company shall
hle a statement under cath vita the CLERK or
the County Court each year. cateupuIaut-
ousiy with the report OF the said slEiu=e-a-
watch statement shall show mIly gla az-
ueuditure OF an muAev received from r.-
subscription Of Shelby county. OF Isu l.-
thoriLed 10 be issued showing when and ia
paId, and on Whata account
q ID 10 appear 70 ih8 SATISFACTION Of Lls
court rom TIE report Of the said eugilFe-.r
the money received nom ssit c1ulrE
8ubstrlpuOuf o. tle cert ncates Of indebted
ness relualder uLueriz-0 % De Issued Eael
been faithfully % economically applied l.r
the purposes expressed Iu article q OF Tl- dee
cree then no farther tax shall be assessed H-
levied Tor that purpose, and no more rerTtIr
Gates OF 1ndeOtedne>s snail be Issued auu tlH
subscription as to the balance OF the install
ments snail be void.
8. In collecting the tax, the Tax Collector
shall give each taxpayer q separate recipe
for the amount OF the tax paid BT LlU or her
on account OF tEis subscription. which rr-
shall anH#mNa Mna Ml.#EE HLHmH"" p. d."
ceiVs from the Railroad COMPANY. calru-
OF stock in said company t0U1eEaauuE
o. the receipts when presented OBJ the aeCr=-
AIRY o. bAlu company IN SUES OF LHelf5
dollars, or certificates or E~Heuty-lVe O. D.
ils, anu Tor any excess over twenty-five
dollars or muluples o. twenty-five C1LaI.
Ia the amount Of the receipts presented. l-s
OF the Railroad Company Shall.
give 70 the holder q receipt which shall UE=-
be convertible into the stock OF rhaHafL
cUmpany when presented By the holder. ina
Of twenty-five dollars or its multiple
, 4ne aceePLane5 ~ re sA1l E
OF any portion Of the money COLI
.ected under this subscription or OF che GER
-ihCates OF indebtednesa hereinafter aathUr-
.Zed To be issued. shall bind che company
ully 10 all the terms and conditions o. inns
subscription IS set forth IN the lGraEoIlE
and following articles
10. This subscription snail become binding
only when ratified blythe constitutional ma-
.orfCy Of the legal voters Of THE -uurv-an 10
their sense OF this ques ion, 90 IS hereby
ordered That the Aherlu OF the county make
publication In two daily newspaper pub
.ished in Memphis. Of an election TO be- held
for that purp0se, at the regular voting pre-
slncts OF the county, on Saturday, the 18th OF
March, 1871, and that a COPY or this decree
a statement OF the financial condition OF
county be published in connection wiki
iuch election notice Tor thirty days preced-
.ng the election IN Two daily paPers pub
ished in Memphis.
40. Those who favor the subscription shall
% said election write or print on tleir bal
the words, "FOE subscription. and those
who oppose the subscription shall write or
print on their ballots the words, no
icuption and the SheIl1 shall lmmeolata-
y alter the election make due returns 70 tine
CLERK Of the County Court, Of the number Of
he votes pOlled for and Of the number or
votes pOlled against subscription
Il 10 being the object OF the Court TO enable
he Railroad Company 70 commeneetn5 work
Is speedily as possible
Il is therefore urdeTedr That &c shall app
from said election reiErus that Ele sab
icriptlon has been ralnea ~ Lne relalrel
constitutional vote, LA6 SutiEuan or l-e
Court shall immediately upon tle
ilfng OF the map, prohle aud spec1ucalous
required by article 8, issue 10 the said haI-
Dad Company certificates OF lmde1t5dness OF
shelby county 70 the amount Of one huudrcd
dollars. said certificates shall 10
ssued In such sums as the President may die
Feet. and express on their face that they ara
or subscription or stock TO eselmE. Marion
hey are reo6lyable IN payment of said spec
lnctaE. And likewise each succeeding velT-
4 it shall appear 70 the satlzfact.oG OF the
rom the report OF the Engineers APP
pointed az provided in article 8 OfTuis decree.
hat the money arising from the tax OF me
,recedlng year., or the certificates Of indebt-
aithWily and economically applied as res
uircd by article p then the chairman of fba
'ouhty Court SHAH issue Co the railroad COM
any one huuureQ thousand dollars Of cerrid-
ates in the same manned and form as herein
.etOre provided, TN the full amount of eve
hundred thousand dollars has been issued.
certificates of indebtedness Eoreacl year
nall be numbered from ID upward, c0u-eCu-
lFeiy, IN Inc order Of tnelr lssuauce, and shall
% signed By the Chairman OF the County
our ana counterslsneu uy tine Clerk OF tla
'Ounty Court. and have the seal oFtha county
and the said CLERK shall Keen an
Aact register OF each certified issue, showing
Then and 90 whom issued. and the Chafrmsn
II the Court shall take the receipt OF che
treasurer Of the said railroad company f0r all
erVedln me once OF tne llrA OF lne Loanly
lOuTU. and the said Clerk shah al each meet
4 The Court next following the issue Of car-
ihcates, report to the Court the fun amount
ssued to date Of that meeting
The Court shall, In each ease. provide proper
compensation for the engineers authorized o.
e appointed under article 3 Of ms decree.
he money OF certificates slau only BE paid
ut by said company for work aella-y done
q material actually delivered Of the kind
class specified Arl1le % t4A decree
The certificates when received By TIE Tax
'oIecsor IN payment q this specific tax OF
redeemed by tleLOunET treasurer shall
4 Immediately Cancelled by those officers re-
pecively. and eacA b make "a report quar-
srly to the Court or the amount received OF
instalmeut 81 the -certdcaJes herein
efore provided ar said railroad company
nall give p bondm the sum OF one hundred
louaald collars t4eAeu aareles
E satisfactory to the Chairman Of this Court
lndiuoned that said certificates shall De Ia
bod iath applied % the objects ana p1-p
leeined IN article . Of this decree ana thal
ia certificates shall not be used or negotiated
= said company atleH than eishty-lNe cents
the dollar, 10 thar said EaAfQA4 e9pt
ian renew said bond az any 4Me tlal may
required to do So byqrder OF Lna DelEa
Efr1u. Duncan, Gl a
ioncrfaf $780, Puniam. Caldwell crews
Gilman brown, Burke EulcIs Aoofa @
1-7r4 Wltherihgton. Allen, WaLEc
p,5Eq Massey. H. O.. and alonH