The Cairo daily bulletin. (Cairo, Ill.) 1870-1872, 1871-07-30
ORDINANCE NO 1o0

An ordinance to authorz. a subserintian y, ,ton
wv TO the CAIRO and 81. Louis Rail Road Com
Whereas, by resolution Of the CITY Council n
the city of Cairo, adopted on March a. isGs
was ordered Una, &C election be held on April 81
lose OF ascertaiDng the wishes OF the voter n
lhe city OF Cairo IN regard TO a subscription o
Louis Rail Road Company, and UNIV ""u
whereas, an election was held in pursuance q
sne , resolution and the returns Of the same we'd
sid before the City Council at a special mee,ln1
held on May 3rd, 1876 from which il appeato,I
that 90 votes were cast In favor of said
s sPa and " agans, ~ and thereon the City Coun
Cyl declared said election carried in favor of snil
subscription, and Instructed the ordinance corn
Hhtee 10 prepare and submit to said council ,h,1
n,e.,isa ordlnanee 70 carry the result OF SAID
whereas, provisional contract has been en- j
,ered INTO between the said Cairo and st. LosI+
for the construction OF said road, based upon m J,
subscriptions heretofore author ned TO he M az A.,
the capital stock Of said company by counties ]
cities and towns along tho line OF said roai !:
therefore Tor the purpose Of giving effect 10 no
expressed wish Of the electors and tau. payer. ~
the city, a. above recited, W
ne " ordainedby the City Council Of the civ ~
Cairo Wv wv VI
sEcuosl. 1ha, the Mayor Of the city b. and
ne hereby ~ authorize 4 and Instructed. 10 snb.
scribe on behalf OF the city Of Cairo Ia tbs c..,p
stock OF the Cairo and ST. Louis Railroad 60.
pany, IN the sum OF one hundred III ousand doll.rs
provided tori that bonds Of the CITY shaiI h. ~.
sued IN payment Of ,ald subscriotlon 10 ~,
amount OF nineiy-hye thousond dollars in .usl,
sums a. said company inaydes gnaie, said tond, l.,
bear inieres, at the OF eight per cent pey
mum, and TO he payable IN twenty years fror,
date thereof, and that the Mayor OF the city 81,
CLERK and CITY Comptroller be, and thoy are lefs'
by authorized and Instructed to sign and ANY do
seal OF the city 10 the same, and 10 deliver tha
same to a trustee or trustees ~ be appointed Ly
the Mayor ana City Council 20 lie held by .sia
hustee or trustees IN escro, and 10 be delivered
70 sara caro- and -. Louis Railroad COMPANY
upon the follow ing conditions, viz that tn. trnrk
Of said road shall enter Alexander county AZ ~.
northern limit, upon the line dividing IL forn
Union county and shall he carries, upon the tno.t
Of Cairo, and
'ThAt the work shall be CON menced and nro..
euted from the city Of Cairo by the frst iay ~
November ls7l, and the rosd-bed shsll be com
pletcd 10 IN" county line Of Union county by the
first day ofJuiy lsT2 Provided however Thai tbc
bonds Of the city ofCairo shall b. paid To the sad
Railroad Company on the mplciion Of each 0y.
miles OF the road. ted commencing at Cairo, sad
amount 20 De paid pro rata a. the amount done b.
ia proportion 10 the whole work 10 be done on M.
road bed IN said Alexander county, SAID amount
30 he ascerialned by a survey and an mate Of
the cost Of the whole work IN said county"
Provided, that Interest shall not begin TO pun
upon any Of the -aid bonds until the compsny
-hsll have become entitled TO receive the -aii
bonds and provided further that In no case shall
there be issued to said railroad compauya greater
amount IN the bonds OF the city than hfty nor
renium OF the cost IA ca-h Of any i've miles 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 bond. not delivered
under this provision shall be dA1pered % the
srid railroad company when the track thereof is
completed and the cars run thereon IRON Cairo
Approved July 2snd, ISL.
Attest ". j. HOWLEi. City Clerk.