The Cairo daily bulletin. (Cairo, Ill.) 1870-1872, 1871-07-27
ORDINANCE NO. 100.
An ordinance to authorize subscription Of ,iu
900 10 tho CAIRO and st. Louis Rail ROAD Con

An ordinance to authorize subscription o',loo,'
900 to the CAIRO and st. Louis Ran ko"n oo'"'
Whereas, by resolution Of the CITY Council Of
tho CITY of Cairo, adopted on March ", lrgDi "
was ordered.that an election pe he,a on gp
=, ~ ~ ascernining the wishes OF the voters OF
The city of Cairo IN regard t2a suDscdlpt,oh 81
ali D 900 10 the capital stock ot the Oaifo ana 81
iouls Rail Road Company, an - 81,
Whereaa nm election was ht | in pursuance oi
such resolution aud the II urn Of the same were
I,J Ioto,c the CITY Council at 3 special meeting
hnib an Nav 3rd, 1876, fIOm which II appeared
ibat C3 votes we're cast in favor oil said supsctP'
lion and ~ aga INST it, and thereon me Ol,y ,ouh,
..,,sc,in,ion. and instructed the ordinance com
n'itee 10 prepare and submit TO SAID council we
necessary ord nance to carry the result OF sa'o
ELECTION ,n'o ,nroyisional contract has been en-.
| ,arad into between the said Cairo and 81. Losls
| Ro,iroad Company and fesponspp,e .J nm ,ha
for the construction Of said road basen upon VIZ
subscr,ptions heretofore authorized TO he maze 70
| the capital stock Of said company py county,,
cities snd towns along the me OF So, ~ ,be
expressed wish OF the electors and taxpayers oil
| the city, rs above recited, ..
BE It ordained by the City Council OF the clty OF
| SEcrIoS1. That the Mayor Of the city he. and
| he hereby IL horizef and instructed, to SUB,
scribe on behalf OF the city Of Cairo, 20 the capital
| stock OF the Cairo and 81. Louis Railroad Com
pany. In the sum OF one hundred tn ousand dollars
said subscription 20 be payable as hereinafter
Il
| sued In payment of said subscription TO tho
amount OF ninety-hve thousond dollars, in such
suinsas said company maydesignate, said bonds 70
bear interes, AT the rate OF eight per cent per an.
| mum, and 10 be payable in twenty years from
date thereof, and that the Mayor Of the CITY, CITY
Clerk and City Comptroller be, and they are here.
by authorized and Instructed TO sign and affix the
seal OF the city 10 the same. and to deliver the
| same TO trustee or trustees 10 be appointed by
| the Mayor ana City Council TO be held by said
| Trustee or trustees in cscro, and to be delivered
TO ssin Cairo and 81. Louis Railroad Company
upon the follow ing condtio ns, viz that the trac
| Of said road shall enter Alexander county at N.
| northern limit, upon the line dividing IL fonl
| Union county and shall he carried upon the most
| eligible route to the leyecs surrounding the city
OF Caro-, and
'.Thai the work shah BE- commenced and prose
| cuted from the city Of Cairo by the first day OF
| November 1871, and the road-bed shall be com
| pleted to the county line Of Union county BY the
hrst day Of july lsf2, Provided however, that m,
bonds Of the city Of Cairo shall he paid 10 the ssi,
| Railroad Company on the completion Of each liz,
| miles OF the road bed commencing at Cairo, said
In proportion 10 the whole work TO he done on On,
rad bed IN said Alexander county, said amo a M
10 he ascertained by asnryey and an estimate o
the cost Of the whole work in said county"
| Provided, that interest shall not begin TO rut
upon any Of the said bonds until the eoInpap,
shall have become entitled 10 receive the saiy
bonds and provided further that in no case shal
there be issued 10 said railroad company create
amount In the bonds OF the city than ffty De
oenium OF the cost Ia cash Of any Ave miles o
| Of taid road bed shown by the certfe,
rneasurem nts ofihc engineer OF said railroad
rItil said railroad shall have been completed
under this provision shall be delivered TO III,
| erid railroad company when the track thereof h
completed and the cars run thereon from Cair,
70 ST. Louis.
JOHN n LANspEN, Mayor.
| Attest. VI. J. HOWLEY CITY Clerk