The Cairo daily bulletin. (Cairo, Ill.) 1870-1872, 1871-08-02
ORDINANCES.
ORDINANCE No 1oo

An ordinance to authorize a s,,h,cri,,io', o,s,oo
on 70 'he CAIRO and 81. Louis Rail Road Com.
Whereas, by resolution of the c,,v co,.ou -,
,no cl.y OF Jsro' adopted on March ~, IsCG II
1856, in the several wards Of the rifv ~ nPI oo,
bose OF ascertaning the wishes on yn,orI " 81,
We city OF Caro- ~ regard TO subscriptInn ~
100000 TO the capital stock of the Cairo au ~, az
Louis Rail Road Company, and "'' "''
Wnereas, an election was held in pursuance %
such resolution and the returns Of the same we,n
laid before the City Council at special moe wGno
held on May 3rd, 1906 from which il appeare3
that G73 votes were cast In favor OF said sbscr,p
ton and ~ against II, and thereon the CITY Conn.
ell declared said election carried in favor of said
subscription, and instructed the ordinance com.
inittee to prepare and submit to said council the
necessary ordinance to carry the result OF said
e'eection into effect and
Whereas, a provisional contract has been en-.
Tered into between the said Cairo ana ~. Losis
hsliroad Company and respons bic contractors
Tor the construction Of said rond, based upon the
subscriptions heretofore authorized TO be made 10
cities rnd towns along the line Of said road
therefore for the purpose OF giving effect to tho
expressed wish OF the electors and tax payers o,
Re ordained by the CITY Council Of the city Of
srcrIoxl 1ha, the Mayor of the city be. and
ne nefeby IN authorize and instructed, to sub
scribe on behalf OF the city Of Cairo To the captaI
STOCK OF the Cairo and 81. Louis Railroad com
pany IN lhe sum OF one hundred tn ousand dollars
salu subscription 20 be pay able NJ hereinafter
provided tor; that bonds ofthe city shall be il.
sued IN payment Of tad subscriotion 10 IN,
mnount OF nlnety.hye thousond dollar, In such
SUMS s said company maydes ignate, said bonds Il,
bear interest at the rate OF eight per cent per an
mum, and TO be payable in twenty years from,
date thereof, and that the Mayor Of the cts, civ
tlerS and CITY Comptroller be, and they are here
~ authorized and Instructed to sign and aiiix the
seal OF the city 10 the same, and TO deliver mo
same TO a trustee or trustees to be appointed hv
the Mayor ana city Council 70 be held BY said
Trustee or trustees in escro, and TO be delivered
| TO satn CAIRO and 81. Louis Railroad COMPANY
upon the following conditions, viz that the track
Ofsaid road shall enter Alexander county at us
northern limit, upon the line dividing IL fiom
Union county and shall be carried upon the most
eligible route 70 the levecs surrounding the city
OF Cairo, and ~
"That the work shall BE- commenced and pros,
cuted from the city If Cairo Nv the first day of
November ISL, and the road-bed shall be cop,
pleted TO the county line OF Union county by The
| hfst day ofJuly ls72, Provided however that Inc
bonds Of the city OfCsiro shall he paid 20 the said
Railroad Company on the completion Of each 1--WE
| miles OF the road. bed commencing at Cairo, said
amount TO be paid pro rata A. the amount done IN
In proportion "a the whole work a. be done on the
| road bed in said Alexander county, said amount
| 20 bs ascertained by survey and an estimate Of
TIE cost Of the whole work in said county"
Provided, that Interest shall not begin TO run
| upon any Of the said bonds until the company
| shall have become entitled to receive the SAID
bonds and provided further that In DO case shall
there be issued 70 said railroad company greater
amount In the bonds Of the city than ffty per
eeniufn OF the cost IA cash Of any Ave mifes Of
| OF said road bed, as shown by the certified
| measurements OF the engineer OF said railroad
| until said railroad shall have been completed
and That any surplus OF said bonds not delivered
| under this provision shall be delivered to the
| srid railroad company when the track thereof il
completed and the cars run thereon from Cairo
| to 81. Louis.
JoiiN N. LANspES, Mayor.
| Attest NJ. j. HOWLEY CITY CLERK