The Cairo daily bulletin. (Cairo, Ill.) 1870-1872, 1871-07-27
ORDINANCE. NO, ll9,

An ordinance 20 authorize the subscription OF
$1,000 to the Cairo and vincennes Railroad
Company, and for other purposes.
Whereas, by an agreems at entered INTO between
the Cairo and Nncennes Railroad Company and
the city Of Cairo, and approved by The City Coun.
stock amounting 70 500 90 be issued BY the CAIRO
aud Vincennes railroad company 10 the city for
the subscription Of tina, amount, should be sold ly
the city 10 the said company, upon certain con-
ditions as expressed IN said contract and
Whereas, il Is understood that said company
are willing TO extsnd the time for the issue Of
said bonds and the commencement Of the pay
mont Of interest on the ssme therefore
Be 1t ordained BY the City Council OF the city
OF Cairo:
he Is hereby authorized and instructed TO suD-
scribe on behalf Of the City OF CAIRO 20 the cap
tai stock Of the Cairo and yincenbes railroad
company IN the sum Of one hundred thousand
dollars, sald subscription 20 be payable IN bonds
OF the city a. hereinafter provided for; that the
Mayor, City clerk, and cry Comptroller be, ani
they are hereby authorized aud instructed to have
prepared and 70 sgn and seal bonds OF the city
to the amount Of one hundred thousand dollar,
TO b. issued 20 laid railroad company, said bonds
20 be 10 such suns g. the said company may de.
sire, TO bear interest At the rate Of per cent per
annum, and 30 - payable tseniy Year, after the
date thereof, with coupons aitsehe for the pay.
tneit Of toe interest semi annually on the same I;
that the Mayor - hereby authorized and instruct.
cd to take charge Of said bonds when prepared,
signed sealed and ready for delivery, and 10
authorized and in.iruaiedto c"lVeT the same To
some responsible banking, lofr or trust com.
| many. tn see or trustee l'cate residing In
| The city OF New York or elsewhere, a may be
| agreed upon by him and sad X. lrOad company,
| said bonds 70 he held by said banking loan or
trust company, trustee or trustees IN
| escrow anJ a. lie delivered up TO the ssld
| Carr and Nncennes railroad company,
when the said Cairo and VincenneI railroad has
been constructed, that Is to say has been pu, in
| good ordinary running order, from the city OF
CAIRO, Illinois, to ths city OF Nncenner Indiana.
| and the cars shall have run thereon, AMI not be.
| fore /; provided, work on said road shall bs re.
| -umed by or before october lsi next, and said
| road shall he finished by or before toe nrst day
Of August. Isis, and provide also that the inter.
| est acerung on said bonds previous 10 their
delivery to .ad railroad company, shall not innre
to the benefit u said railroad company, but the
coupons for all accrued interest shall be detached
| from sald bonds previous TO their delivery To
| SAID railroad Company and b9 returned to said
| accrue 10 said railroad company before The time
| when said company shall be entitled 70 receive
| sa bonds according to the condition herein ex
| see q Il shall be- and II is hereby made the
| duty o. the banking, loan, trust company or
| trustees, which shall be chosen or selected to
| hold such bonds, a. hereinbefore provided. to
| deliver up the said bonds TO said railroad com.
| psny upon the said company's Issuing to sald
| city, and delivering 20 said trustee one hundred
| thousand 5000, 900 dollars Of paid up stock IN
| said railroad company, which said stock the rali
trustee il hereby authorized and directed 70 sell
| to ssid railroad company for hye thousand uoi
| lars (sJJJ0D of Cairo city bonds 50 as thereoy "
| carry out the provisions OF the aereemsn. en.
| tered into November 26ih. lso7, ny ana between
| said city and said railroad company.
Approved July 22: lei: .n,,
Attest: NJ. J. HOWLEY, Clerk.