Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-03-16
suELHr CogEn QuAErnlr coglrl

I'm Open session.
The Selma, Marion ana Memphis HaII-1a1
Company of Tennessee aud M.ssis9InrL TORE
mefiV tue Memphis Holly -rrInE-. UsoII#H
ana seine Railroad company 1F lnaIr FrHa-
dent, ~. r. Forrest. and a majority Of IE
Lircclor5- having applied % tl-5 CD
3 fake. on bshaIIofth e County OF SHELBY. E|rn
hunc411 4houseni Dollars e1-1.e0I Of a-a
tApltal bt9EH oL said Company. and Del-F-
ing thai the interest Of rls people Of l
county VIII De greatly promoted 1y rla
speedy eolErrucI0u OF said EzfIrraHe
10 iH therefore ordered by toe Court That
Five Huudre InOuseu1 Dollars be- sub
scrlbea % the capital stock of the said Com
paHy, % BE- paid Ia uVe auuusl luslllu-u.z
or one hundrec Inolsaul Dollars each
without In crest upon Che following terms
! and conditions. Wis
l. Ile western terminus OF said Eair-aL
shall Be and always remain 90 Memphis
Tennessee.
2 The money paid under this subscrlrr---
or the certificate OF iudeutaduess here man
authorized % ue issued shall be- sDaUs-
F1rst-lO the grading. bridging and mason
Ofthat portion ufths ROAD within lla Count
or sueloyt commencing tae WolE 20 Mem
( phis ald completing IG continuously. ready
for the supeIstrlcturer % tee County lus
>ec0nuly-Ic tu5 purchase OF crls5-l=s lion
7 rails and fasteningg sufficient TO lay the track
within the County OF shelby IuLrEIy-L8
the purchase Of locomotives and cars s-E
I hcieFt TO operate thar portion Of the road
within rae County. and 20 the LAYING OF LLe
I track over the same EourLlLr-L1 me cree
uOn otsueh deposr platforms, section lCuz-s-
MACHINE s1ops, turn l1-Ar water stations
Z and The purchase or slcL machinery tor me
shops as may be Necessary t1r The c1urIlzE
operation o. tle road any
/ portion Of hesubscrlption remain after f1ar
l part Of the Eoa1 In shelby County Is fully
completed AMI equipped - a nrsi-c-s=s road
In every respect, then such uueEDEuLal pore
I ton shall be applied TO the extension Of the
road into Mississippi In the same order end
lor ne same PtEP9ses - Ee4--E71
pended IN cheioF county and 40 plEts of the
money hereby subscribed nur OF rle rer-'--
Z Gales Of EudeDteluess here natter a-r..-a
70 De issued shaA De used lor the payment Of
I nu.marn. salaries com MISSION. once REM
printing. stationery, or other general OF mis-
~cellaneeus expenses or Lle company nor Tor
latlon Or these conditions on me part OF e
said RallIuad Company shall lender rh
subscription wholly void a. 10 all further
s Before any portion Of the money herein
Z subscribed shall be paid over Co said Railroad
Company, and before any certificate OF lu-
I deb edntss shall be delivered Co the za
| Railroad Company, the President OF saLl
I Company shall lle win the Clerk OF the
graphical Map or the Eual location ll the
RnaG In Shel1y County and an accurate pro-
nle Of tne same showing tue quantities OF
excavation and borrowed enDzlEmalr- OF
Z masonry. and of brldEfuzrl be- done on each
section, and a copy 81 rda Specification ana
form OF contract under which the work E re-
[ specification shall BE- certified by Lue Ell=.
] engineer OF said EIzu under oath AS correct
4. IN aunualt lstalme1E shan De assessed
uy lle court cael year az t-e same aUa
/ that the other County taxes are assessed. ana
sh-u be rullecled 60 tle same time other
/ County are collected
b Attas Term OfIhs Court each year pre-
: cediugtho term al which the taxes are CD boz
assessed, The Court may appoint one OF more
for lulrsrlg1 VINO aua- nave ~ connection
with SAID Ealfoad. 10 so on the lime ur SAID
HailruGG and make an accurate measure
menr OF allGne WORK done an account O.. ID.
the l0eumuEFe7 CARS m~aLl-uafE- DOLL ll
and material delivered for Eur Road. a-.
make @ detailed it-mizzd reporr1 OF she H1.
T and H#HH Em.na mNLHML| "U dalai. .
FAR and reasonable urLl-s Tor each item.
said report shan DEE made uy the SAID ELEr-
ueers under 0stL % the Court at the mex.
President aud chief Engineer of said Come
pauy shall be Duuud tu ar0rd said EuELle-
appointed ny Toe Court access 70 N.rl uH.a-
notes 0i Tie W5TE. and every HcIl-tT Dor are
irving az a correct measurement and Va--5
OF the sane.
s. noe President OF the said company slar
file a statement under 1atl with the lLerE a-
the County Cont each year, ccLempulaGa-
ously with the report Of the said engineers.
when statement alaA snow -lAl tl5 exc
~peHditure Of an money received from rLa
suhscr pfi0n Of shelby county. or from lLa
certificates Of Indebt-dness h~ereinsltzE al-
thOTiZed 60 De issued showing when and tl
whom paid. aHd on -Wlataec-uuL
9. II it appear to the satisfaction or the
court from the report Of enc said engineers
that the money rtceiFs4 nom hall county
subscription. or the c-artIdcaLzs of Indebted.
ness hereinausE authorizes 20 o. lssu=1- -aE9
been 1lltuIgLy and economically lpE-l-- -.
the PURPOSES expressed iu article LUEtle de-.
cree. then no further Tax shah De assessed u-
levied tor that purpose, and no mCgH e=E.l-
subscription as 20 the balance o. the install -
ments snail be void.
5 In collecting the tax, the Tax Couec-u-
shat give each taxpayer "a separate Eeeelu.
Tor the amount or the tax paid by him OF La-
on account of this SUBSCRIPTION which E=.
ceipt shall entLle the holder thereof 20 rE
ceiva from the Railroad Company CeFrlE.
Gates OF stock in said company t1tls Euau-
OF the receipts when presented % tl- e=er-r
larry o. sid company, In sums of twenty
ave dollars or Ee1iy-1T q %
I lars. ana for any excess over twenty-five
dclaes- or muluplea ol twenty-five Dol srs
m The amount OF lne receipts presented t.
secretary OF the Railroad Company shall
give 90 the holder q receipt which shall lEe
wise he convertible into the sIOcE OF sac said
company, when presented by the holder l
sums OF twenty -uFe dollars or ls multiple
@. The acceptance by the said hal-
company OF any poEl2l 81 me money e.-
lectsd under THIS Subscription OF or Il5 uN
tidcates OF ndeuted1ess l~ersIlaTsr aGllar
lied 70 be issued, shan bind THe cHHEaUT
IulIy to all the terms auQ conditions % El
subscription as set forth m the lCEe-lL-
ana following articles
Ia Tins absorption shall become bIuGLu.
only Wheu ratified By tls cu-usuLuLIuEaL MAJ
loTlry OF the legal oterso the .ale A.
. TEST their sense Of this Quea ION. DO ls leE=.
ordered, that the sheEln OF the county maa.
publication IN two daily newspaper UE-
I Lshed Ia Memphis. OF an election Oh De bel.
Tor that urpo5e az the regular WutllE pre-
CincJs Of the county on Saturday. tle 18Th u
Msrch, 1871, and that g copy OF THIS .---a.
and a statement OF The financial condition o.
the county be published lu connection HLr.
such e.eeuon notice for rniIE days pr71s.
ing the election, In two daily papers pup
iished In Memphis.
lL. Those who favor the subscription sraL
at saiu election write or print on tlelr eH.
lots the words, "For subscription, and rhl5'
who oppose the subscription shall write c
print on t1eir ballots the words. Nn5ll
scription F" and the shertu shall Immediate
ly aftsrths election make due returns o. Oh.
Clerk OF the COuuty Court, OF theaEum1ar Cd
The votes pOlled for and OF lle lumber %
votes pooled against subserlptl0u-
IA It being the object ofthe Court to eusnH
the Railroad Company uoCummenC5Ll The VOL
az speedily as possible,
pear from said election returns that che sll
scriptiOn has been ralued by The require
County Court shall lmmedlale-Ts upon OBJ
hling OF the map. probe % specification
required by article 5. issue % tEe sa-l Kan
/ road Company certificates OF inueGl51u65 .
shelby county 20 the amount OF one Luu-r-
! thousand dollars. said c5TtL1c-Ees shall
3 issued in sucn sums as the President may A
rect, and express ON their lace thar they E
for subscription of stock
and MempaLs Railroad Company ana inc
they are receivable In payment OF s-- -E-
enc tax. AudLEeWlse eaeA slelr
If IL shall appear 90 the zaEL8laclOu or Oh
Court, from the report OF --r
pointed as provided in article -L1 decree
fhat The money arising nom Lue OF @
3 preceding year. NE VIZ l-t--
r eduesa issued the p~raceQlu8 year Del
r. hlthmlly and eeoE1
s .Quired by article lhea LAe
4 f9g0fv Court shall issue Go the railroad com
panv one bundled thousand ae-As % 2
B Gates In the same manner ana lafA
EaT1ra provided tI the tuIl amount of NV
: br1dred thousand dollars has been Esu=L
: The certificates Of ude1tedness IOreacL yea
shall h. numbered nom one upward. clusacu
! lively. ia the order or Luer issuance and Shall
be signed bF The Chairman OF the lHTur.
Court ana eognlerslsneu Fl the t.-s OF %.
county CouIl ana nave The seal % --e count.
attached and the said CLERK shah keep aI
exact register of each ceruueu issue. rlDH Il
when and to whom issued, and Che lLaLruaI
of the Court shah take the reeelpt Q- l
Treasurer OF the said rullrl1u com any lQr o.
cerulCnres issued, when reeel slal q PFC
serVedln the Office OF the ClerE ol laa -1l-lI
Court; and the said CLERK sla a4A meet
ofthe Court next following Ele ISSUE 81 Ger
uncates, report % lue 1u4Eh 41 A- amour
issued % date of mat ueetng.
The Court shall. Iu each case provide prQp5
{ compensarfou Tor Ehe engineer authorized "a
be appointed undo article or Lls decree
out bv sad c0mully for work actlllly DON.
OF material accElllT dalTefe-t or lls A
3 and class spec ~ ell-e5 T-
The certihcG1es when received ~ L5
Collector in payment of this SPECIFIC TAX g.
when redeemed by theCounZ Ltea
be Immediately Cancelled pJ nose
eraerfvaf- and each shall make "a report
49, II, ~ rnurt OF the amount received o'
redeemed and cancelled. 4hal upon
anv iusfaImanE Of the car41ea@
befors provided for. said railroad COMPANY
shall give a bondln the sum OF eIs
Thousand d1a WIN r---
~ snris story To me CnaLmaA OF
- saId certificates slal ae M
~0f aHh rrrfaf 90 the 0hre anu
saerifed rs afiels2 o- thls lel
-EF~afa shall NOT neus1l OF 4-5--
---1n1rv AZ less b eight -Ate @
"a ~ aofisT ana tlat said railroad company
-~ers sfd bond 30 any lur -aal % Al
r--F - ~ So hT oHler OF Ems Court
2Fsqra Lyon. duncan 1l
Rfog-fsE suead, Pullam la-l
HgImsn. Brown blfAs A--
- gFfssou-Lh. ----
Fs1rE llherlusl ALe4
- grooEs. Massey, II c. and al4ul
JAMES EElLaar
Counts c1uu Clarke