The Cairo daily bulletin. (Cairo, Ill.) 1870-1872, 1871-07-28
ORDINANCE NO. 100.

An ordinance To authorize subscription OF 800.
Ooo 70 the CAIRO aud 81. Louis Raj Road Com.
Whereas, by resolution ofthe city Council Of
the city ofCairo, adopted on March n. 1865, il
was ordered. that ah election be held on AprI 20,
1896 IN the several wards Of the city for the pur.
,ose OF ascertaining the wishes Of the voters ~
ne city o. Cairo tn-regard to a subscI ptiOn u
siOo 900 TO the capital stock Of the Cairo and st.
Louis Rail Road Company, and
Whereas, an election was held in pursuance ~
such resolution and the returns Of the same weIo
laid before the City Council al special meeting
held on May Jrd, 1896, from which IL appeared
that C73 votes were cast M favor OF sad subscrT-
lion and 10 nya nst H. and thereon the City Coun.
eli declated said election carried In favor Of said
subscription, and instructed the ordinance com.
mittee TO prepare and submit TO SAID council the
necessary ord nance to carry the result OF said
whereas "a provisional contract mas been en-
tered into between the .aid CAIRO aha ~. Lg-Is
Reiroad Company and Responsible eonuactDrs
for the construction Of said road, based upon the
subscriptions heretofore authorized 10 be male 10
the capital stock OF said company oy q2un,Ies.
cities and towns along the line OF sald road
therefore for the purpose OF giving ctect To the
expressed wish o. the electors and TAX payers oil
BE IL ordained by the CITY Council Of the city Of
Cairo
sEorIosI. That the Mayor Of the city be. add
he hereby IL authorize ! and Instructed, TO sub.
scribe on behalf OF the city OF Cairo, a. the capital
| stock OF the Cairo and 81. Louis Railroad Com
pany. in the sum OF one hundred thousand dollars
said subscription 70 be payable as hereinafter
provided tor, that bonds ofthe city shall be Is.
| sued in payment Of ,aid subscr ption TO the
amount OF ninety.hye thousond dollars, In such
| sumsas said company designate, said bonds 10
bear interest at the rate Of eight per cent. per
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 10 sign and afiG the
| seal OF the city 10 the same, and to deliver the
same to trustee or trustees to be appointed by
| the Mayor and City Council to be held by sad
tustee or trustees in escro, and TO be delivered
| TO said Caito and 1t. Louis Railroad Company
upon the follow ing conditions, viz Mat the track
OF said load shall enter Alexander county at IT.
| northern limit, upon the limo dividing IL hom
| Union county and shall be earned upon the most
| igible route to the levecs 81 rounding the city
1 O. Cairo, and
| .Thst the work shall be commenced and prose.
| ented from the city Of Cairo by the first day OF
| November 1871, and the road-bed shall be com
| pleted 10 the county line OF Union county by Ne
hfst day OF July 1872, Provided however, that the
bonds Of the city ofCairo shall be paid TO the said
| Railroad Company on the completion OF each Eve
| miles OF the Toad.be CONNIE ncng at Cairo, said
In proportion 10 the whole work 10 be done on the
| road bed in said Alexander county, said amo unit
| 70 be ascertained by suryey and an estimate OF
| the cost OF the whole work 10 said county,
| Provided, that interest shall not begin 10 run
| upon any OF the said bonds until the com any
| shall have become entitled TO receive the said
bonds and provided further that in no case shall
| there be issued TO said railroad company greater
amount IN the bonds Of the city than ffty per
| centum of the cost Ia cash OF any n We m lfes OF
| Of said road bed, as shown by the certified
| measurements Of the engineer Of said railroad,
| until said railroad shall have been cofnpleted'
and that any surplus Of said bonds not delivered
| under this provision shall be delivered 10 the
| srid railroad company when the track thereof /.
completed aud the cars run thereon IRON Cairo
| TO st. Louis.
Approved July END, IsTI.
JOHN N. LANSDEN, Mayor.
Attest NJ. J. HowLEY. City Clerk.