Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-10-11

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Shelby County Quarterly Court, October
Term, Is7l, Thursday. October 5, ISL
4 HE " emphis end Raleigh Railroad Com
1 pany, having spplted 70 this court
through their representatives for the loan OF
the credit Of shelby county, Tennessee. as
1naorser or guGranter on the bonds OF said
company TO the amount Of S5l9oe, payable
st 10 years from date Of issue, bearing eight
per cent interest. with coupons attached,
payable semi RnnuAIly, at the 0fIiee OF said
com pany, in tns city of Men phis, said bonds
to be issued by tas com pany and indors q
by the county EhsnsS err tbe ooEnpan shall
have frsJ graded, bTidged and tied the entire
road from 8e1pots TO Raleigh and paid for
the same, and when Issued Ihs same snzu be
and constitute alien saperic- 70 alp others In
favor OF the county upon the ruad, iron. tie-
bridges, rolllng stock. engines privileges
bonds and cOu pons at mstrrfty; ana believ-
ing tnSt The eonstruetiOn O1 Eaio railroad
Will promote the interest OF The people OF
shelby county, and tnat the county viii be
protected IN the Endorsement OF said bends:
1t is therefore ordered ..5y the Court, That
the Chairman OF thus Court be and be IL here
by authorized and directed 20 iRdorse IN the
name and on benalf Of shelby county the
bonds Of the Memphis and Raleigh HailrSad
company described. Is Aforesaid. 10 the
amount Of htty thousand dollars, whenever
the President and Director OF said com oany
shall have certified to and satisfied him inst
said company has graded, brsdged and tied
the entire road froERs sfem his to RaIelgh
and paid ior the same, and the credit OF Shsl-
Dy county Is nerehy plsuged for the payueu
Of eaid aOn0s and cou pOns at mat Urfty tharof
2 That this loan OF the credit OF shelby
county shall become btndiEg cnly when rat.
ined by the constitutional ma -urtty OF the
legal voters OF the county, snd TO test their
sense OF thfs question;
1t is hereby ordered, That the sheriff Of the
counGy make publication In two tally papers
Pc blisheo IN Memphis or an election TO bs
ueid for that purpose st the regular voti 2
precincts OF the county, on Saturday, tn
nth of November, 1874, and that COPY OF
this order De, with the notice of the election,
published for thirty days preceding the cleo
ton. ~
8 These who favor the loan shal1, al sad
election, write or PRINT on their ballots tee
words, F" For Loan" and those Who oppose
the same shall write or print on their OalIoEs
the words, Z" NO Loan - and the Sheriff shall
Immediately after the election make return
thereof to the CLERK OF the County Sourt OF
the number of the votes poltec Tor and
against the loan, and the clerk shall there
upon certify to the ChSirmsn OF thts Court
.he result of said election Tns COMPANY
will pay all costa incident TO the election.
Ayes: EsquiTss WithsEtngB0n, Giles, Haze,
Spellman. winters, Moncrtet, Pull1am, Cslu-
well, Brewer, ban tyn HOHgef, brown. Burke,
Elliott. n oores AaIes, dItssons krOoks and
stone-1s; nays: EEqutres Walker. Jones
md Holeman-S.
Witness my hand and seal OF once at
lffioe, in the city of Memphis, Tennessee,
his 9Th day OF October, A. ~ 187i, s1-.
JAMES REILLY, Clerk.
D. II n ~