Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-10-06
COUNTY COURT.
An Order Made for an Election 70 As
certain Whether the County Shall
Loan the Raleigh RsiErOad
$4,000.

The county court met yesterday pur-
susnt to adjournment, with the following
justices present: T. Q. Bleckley in the
chair, D ~ Witherington, w P York, J
A Lyon, W N Reynolds, B f Duncan,
Thomas L Giles, II B Hale, John SPELL
man, Patrick NJ Winters, W n Moncriet,
Elijah Pulliam, E W Caldwell, g M Bart
lett. William Wallace, Henry @ Brewer,
J " Allen, William H Walker. Henry 7
Jones, Thomas Holman, jr., G o Buntyn,
w H Hoegel, ] X Brown, John E Burke,
John T Elliott, Samuel A Moore, Robert
B Muller, W B Gibson, O L Brooks, II G
Massey, Jeremiah Massey, r r Stone.
The following order was read and de-
bated:
The Memphis and Raleigh railroad COM
pany having applied TO this court through
their Representatives for the loan of the
credit of Shelby county, as endorser upon
the lands of said company to the amount
of $50, coo, payable at fifteen years from
date of issue, bearing sight per cent in
terest, payable s~emi-snnually at the Office
of said company in the city OF Memphis,
said bonds TO be issued by the company
and endorsed by the county wherever the
company shall have first graded, bridged,
and tied the entire rosd from Memphis to
Raleigh, and paid for the same; and when
issued, the same shah be and constitute a
lien superior to ali others in favor OF the
county, upon the road, iron, ties, bridges,
rolling stock, engines, privileges and fran
chises, to secure the payment of said
bonds and coupons at maturity. And be-
lisviBg that the construction OF said rail-
road will promote the interests of the peo-
pie OF Shelby county, and that the county
will be protected in the Endorsement of
said bonds,
1t is therefore ordered by the
court that the chairman Of the
court, be, and he is hereby authorised
and directed to iadoFse in the
name and on behalf of Shelby county, the
bonds of the Memphis and Raleigh rail
road company, described as aforesaid to
the amount of $50, 900. whenever the Pres
ident and directors of said company shall
have certified to and satisfied him that
said company has graded, bridged and
tied the entire road from Memphis to Raj
eigh and paid for the same; and the credit
of Shelby County is hereby pledged for
the payment of said bonds and coupons at
maturity thereof.
That his loan of the credit
of Shelby county shall become
binding only when ratified by the
constitutional majority of the legal
voters of the county; and to test their
sense Of this question, it is hereby ordered
that the Sheriff of the county make pub
llcation in two daily papers in Memphis
of an election to be held for that purpose
at the regular voting precincts of the
county, on Saturday, the - of November,
1871, and that a copy of this order be, with
the notice of the election, published for
thirty days preceding the election. Those
who favor the loan shall, at said election,
write or print on their ballots the words
''for loan" and those who oppose the
same shall write or print OF their
ballots the words mo loan," and
the sheriff shall immediately after the
election make return thereof to the clerk
of the county court Of the number of
votes polled for snd against the losn, and
the clerk shall Chereupon certify to the
chairman of this court the result of said
election, The company to pay all costs
incident TO the election.
Adopted by a vote of 10 to 8.
General Wallace was appointed a special
attorney to confer with the clerAs of the
criminal and county courts, and with the
sheriff in reference to executions issued
by said courts and return with the en-
dorsement, mo property found" He is
authorized to adopt measures to collect
the claims of the county against such
parties, either in whole or in part, or to
effect such compromises ss may be bene-
fetal to the county, but in no case TO in
cur any expense.
A considerable number of accounts
were allowed, and other business of a gen.
ergl character done.
The court meets at 10 o'clockto day.