The Cairo daily bulletin. (Cairo, Ill.) 1870-1872, 1871-07-26
ORDINANCE NO. 100.

An ordinance to authorize a subscription Of 500.
900 TO the Cairo and IT. Louis Rail Road Com.
| Whereas, by resolution Of the City Council Of
| the city Of Cairo. adopted March q, 1sC5 II
lsG6 in the several wards of the city for the pur.
20 9 OF ascertainiuy the wishes OF the voters OF
siol,oc 70 the cani,ai stock Of The Cairo and 81
Louis Rail Road company, and
Whereas. an election was held In pursuance Of
such resolution and the returns Of the same were
laid before The City Council Mt n special meeting
held on May Bird, 1855, from which IL appeared
that ga votes were cast in favor OF sad snbscrIp.
ton and 80 aga INST IL, and thereon the city Coun.
ell declared said election carried in favor Of said
subscription, and Instructed the ordinance com.
mittee to prepare and submit to said council the
necessary ordinance 10 carry the result Of said
eicc ion into effect and
W1ereasi provisional contract has been en-.
Railroad Company and responsible contractors
for The construction Of said road, based upon the
subscriptions heretofore authorized to be made 70
the capital stock Of said company by counties,
cities end tow along the line Of said road !;
therefore Tor The purpose OF giving elect TO the
expressed wish OF the electors and taxpayers oil
be II ordained by the City Council Of the city Of
sscriosI. That the Mayor OF the city be. and
he hereby Is authorize and Instructed, 10 sub.
scriDe on behalf OF the city Of Cairo, to the capital
stock OF the Cairo ct. Louis Railroad Com.
pany. in the sum OF one hundred tn ousand dollars
said subscription 70 be payable as hereinafter
provided for; that toads ofthe city shall be il.
amount Of ninety Ave thousond dollars, in such
sums as said company maydssi ynate, ss "a bonds 10
bear Interest ~ the rate o. eyhs per cent per an.
mum, and 10 be payable In twenty years from
date there Of, and hat the Mayor Of the city Ctr
CLERK and City Comptroller be, and they are h re.
by autho. zed and Instructed TO sign P1d afhx the
seal OF tie ell 10 the same, and TO deliver the
same TO trustee or rustess To be appointed BY
the Mayor AND City Cjunci to he held by sfla
nus'ee or trustees in elero, and to be deliver d
TO saio Cairo and 81. Louis Railroad Company
upon the follow ing Conditions viz that the TIRE *
OF said road shail enter Alexander county ai IT,
northern limit, upon the line dividing 1t fom
Union county and shall be earned upon the most
eligible route TO the levees surrounding the city
OF Cairo, and
'~That the work shall be commenced and prose
euted from the city Of Cairo by the FIRST day Of
November ISL, and the road-bed shall be com
hrst day OF July ls79, Provided however, that the
bonds Of the city 81 iro shall be paid 10 the said
Railroad Company on the completion OF erch i've
miles OF the road. bed commencing at Cairo, said
amount TO be paid pro rata a. the amour done ~
in proportion 10 the whole work TO be done on the
road bed in said Ale xander county, said amO unit
to be ascertalned by asuryey and an estimate Of
the cost OF the whole work in said county"
Provided, that interest shall not begin TO run
upon any Of the sald bonds until the company
shall have become entitled 10 receive the said
bonds and provided further that IN no case shall
there be issued TO said railroad company greater
centum OF the cost IA cash Of any & We 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 bonds not delivered
under this provision shall be delivered 10 the
srid railroad company when the track thereof IL
completed and the cars -un thereon IRON Cairo
TO 81. Louis.
JOHN ". LASsp EN-, Mayor.
Attest N. J. HOWLEY, City Clerk.