Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-03-14
SHELLEY COUNTY QUAsrEBLY C5rHr0
IANUaET LFaF

49, r." AEAHHHaNH . -"A4.
Court QuaFtely Term, January sl
The Selma, Marion and Memphis Railroad
Compan o. ~ennes-s add -- lEa
meTly the Memphis, HOly SPRING.. JE1.a1s
and selma Railroad COMPANY br El-L Er-.-
dent n y FORREST, ana "a msj0rllv OF The
Directors having applied to tli6 t0ur Co.
I take On behalf OF rue County or SHELBY. H"ra
Hundred ThOussud Dollars $4,000 OF ra
Capital Stock Of said Company. and 1e.Iar-
ing thai the interest Of the people OF the
County viii bs greatly promoted by Tie
speedy construction OF said E4lrlaIs
It is therefore ordered by t1e Court. IlaI
Five Hundred Th0usan1 Dollars be- Hr-
sCribed To the Capital stock Of the d Coll-
panys 10 PC paid ID nv aunufi llalalu
/ OF One Hundred Thousand Dollars each.
without interest upon the foloFius terms
and conditions, VIZ:
J. h Western terminus of said Railroad
shall be and always remain az l=uFa
/ Tennessee.
2 The money paid under this HuHzerf1.ar
or the certificate or luaelL-auess la-= u9
authorized 70 30 issued, shall Dee aUu.LH.
flrst-IO the gTad1ngs urid-lng ANA masonry
] Of that portion of the road within the County
OF shelby commencing tue work ~ Ieu-
phts and completing Do continuously. ready
for the HupeTeiruclure 20 Lee county lls-
5ec0ndly-Io the purchase OF cros=-I=s .rl4
Z rails and fastenlDgs efficient JllF tine t-a.l
within the County OF suFlrv- Illu.r=Hl
I the purchase Of locomotives and rrrs a--
nclent % operate lhal portion OF ll- road
[ within the County, and To tine LAYING OF Ers
I trarE over the same. rDuEtlLy-4G che -r.H
[ ton OF such uepQtF-p platforms section lrl
machine shops, turn tables, Waler =t7L.l.a
/ and the purchase OF sccl maCllu-rT for |.a
l shops as may be necessary FOR The &c nom. e.
L operation Of the road. tiuuLy-Sluu.I aug
l portion OF the subscription remain an er LHH-
Z part Of the road In shelby County Ia fully
completed ard equipped Us a drsl-cL.ss rs.I
ln every respect then surn uueNprlaaa UHt-
uOn shall be applied 20 the e1tanslou OF the
road into Mississippi, In the same order ana
for the same purposes as required % De exc
I pended ia shelby County ana 20 plrr1E The
| money hereby subscribed, nor OF the cerr.l-
/ Gates OF indebteduess hereinafter autlarzaH
q IN La HNNmaH HnnM as uUaL "AHm LE
O1heerh' salaries, commissions, Office EeEt-
l printing, stationery OF O.hEr general or ll.-
4 -cellaneOus expenses OF the company nor for
rlgnt or way or depot gruuu1s7 ana anT F.Er
| latlOn Of these conditions on The part Of r.a
said Railroad Company shall render b 81
subscription wholly Folu' as % All t4fI--
8. Before any portion Of the money Eera.e
I subscribed shaIbe paid over TO s+lL Ea--at
I Company, and before any ceIfldea--= 81
deb edEsss shall be delivered tu tle sl
/ Railroad Company. the President 81 SID
Company shan ME with rLe DerH uI Ua
Counts Court an accurate and lU. Lura-
graphical Map Of the final location nt inc
Road IN shelby County, and sl acclrII- u..H
ME OF the same showing the qlsrE-i- HI
excavation and borrowed e-abz-Euaur 10
masonry, and OF brldg ug % be done on each
section and a copy OF the spscl1c=l u- and
l quired to be done, which map. profile aur
/ Specialization shall be- cer1Uled 1r the I-.eE
knginee OF said R1od uurer oath as correct
4 The annual l1sLalmeuts shall De araaI
by the Court each year SC Ile same time
/ that the other County EuEe5 are assessed HuT
shall be collected a. the same uua osl.r
. COunty taxes are collected
I 5. At the term OF the Court each year pre-
ced1ng the term &C which TIE taxes are Oh be-
I competent Civil Engineers, finish character
I for integrity, who snail have no c0uuec.1 I'D
with said Railroad, 70 go on the line o. 90 a
RailEgad and make an accurate uaa-ur--
menL Of sllthe work DONE an account OFF
l the locomotives, cars, marulueIy- hullaIIa-
and material delivered Tor the Road. and
& make e detailed HHHUWHTHu m~Dnm| or MLL
! and the value thereof in delaL. estiuIaTer .I
far and reasonable plis-5 Tor each ..-u.
said report shall be made by the sall El-
I neers under oath TO the Court az r.- l...
Z term following their a"DpOfutmeu and the
| President and Chief Engineer of sslI ,UH.-
pany shall De bound 20 au1Ed SAID 1cE
/ appointed % the Court access 20 tE=lT books.
notes OF the work, and every fHcLLry BOT @
irving az a correct measurement and T-.-a
/ OF The same.
&. The President OF the said company shat.
file a Abatement under oath HItI TIE CLERK Hl
the County Court each year. ceremp0--u
I ousIY with the report Of the said euaiu.e.-.
I which statement shall SHOW rally TLa e--
penditure OF al money received from re
subscription OF @uriuy county or moan ..a
/ certificates Of indebtedur-s hereiuar-er sue
thoTizsd 70 be issued. showing when and %
whom paid, and on account
z. II II appear to the subtraction Of tls
court from the report OF the said eE-l-tar-.
that The money received from said caultr
subscription, or the certificates Of Mallr.--
ness Gina uLuorlH-d 70 1e issued have
been faithfully and economically aurIel lH-
the purposes expressed tu article 2ottu- DEE
cree, then no further tax snail be assessed aT
levied for that purpose, and no more geI.Il-
Gates Of iudebtsdns-s snail be issued lui the
subscription as 20 the balance o. the install
ments snail be void.
S In collecting the tax, the Tax Collector
shall give each taxpayer a separate receipt
for the mount Of the tax paid ly him OF her
on account OF TINS SUBSCRIPTION Wllcl re-
ceipt shall sntttle the holder ther5of TO- re-
cetve from the Railroad Company, clrll1-
Gates OF stock In said company tn-lle2mouIE
OF the receipts when presented 60 The -acra-
tarT Of said company In sums OF twenty
i've dollars, or certificates oftWenty-dve d.I-
las, anu Tor any excess over twenty-five
dollars, or multlples OF twenty-five dol ars.
in the amount OF the receipts presented. the
Secretary Q1 the Railroad Company SHAH
give TO the holder a receipt which shall ike
wise be convertible into the stock OF the said
company, when presented By the holder, in
sums Of twenty-five dollars OF It's multiple
9. The acceptance by the said Railroad
Company Of any portion Of the money COLI
lected under this subscription, OF OF me cal-
tihcatss OF Indebtedness hereinafter autlur-
t8ed 10 be issued, shall bind the company
FULLY to all the terms aud conditions on LIIs
subscription as set forth In the foregoinE
and following articles
10 TINS subscription shall become binding
only when ratified BY the constitutional ma
iOriJy Of the legal voters Of tIe county and Co
test their sense Of this Ques ion 1T ls hereby
ordered. that the Sberiu o. the county make
publication In two daily newspapers pub
Iished In Memphis, Of an election 90 be hela
for that purpose, aG The regular voting pre-
Cincts Of the JuntF, on Saturday, the 18th OF
MhEClr aoaAr anu eAal a CODY OF LANa Ae.EeH
and a statement Of the condition OF
the eOant be published In connection win
such election notice for thirty days pre-st-
ing the election, In Two daily pauers pub
iished IN Memphis.
H. Those who favor the subscription shall
ct said election write or print on their ball
lots the words, "EOr subscription, and those
who oppose the subscription shall write or
print on their ballots the words. NO -le-
scrtpnOn " md the Sheriff shall immediate
u alterthe election maEe due returns % l-e
Clerk Of the COunty Court OF the Uumrer %
The votes pOlled Tor and o. the number Oh
votes pOued against subscription
Il IL being the object Of the Court 70 enable
the Railroad Company ocommanc5lhe WorE
as speedily as possible
10 is therefore Ordered, That n &c shall ape
pear from said election returns that the sub
scription has been ratified b. the requirel
constitutional vote, the Chairman % the
County Court shall immediatelyl upon the
dfing or the map pronle and s~peeinealLuus
required by article B, issue Co the said kail-
road Company ~cert1Acalea OF 4n45Dle4uesz OF
SHELBY county to the amount OF one hundred
thousand dollars. said certnGates shall be
issued In such sums as the President may dt-
rect, n express on their lace that they are
for subscription Of stock TO the Selma.M Marion
aud Memphis Railroad Company, and thaE
they are receivable in payment or said spec
ciGC tax ana ukeWl8e each succeeding year.
II It shall appear 70 the satisfaction OF thu
Court, nom the report OF the Engineers sp-
pointed as provided in articles 81 this decree,
that the money arising nom the tax % tha
preceding year, or the certidcates OF IndehL-
edness issued the preceding year. have been
faithfully and economically applied as re-
quired by article 9 then the chairman OF the
County Court SHAH issue % the railroad COM
one hundred thousand d0uars of certld-
Gales in the same manner and form Gs nereIu-
before provided, TN the full amount OF tva
hundred thousand dollars has been issued.
The certificates OF Indebtedness toreaeh year
shall be numbered from one upward. CculaeH-
lively, in the order of their ISSUANCE. and SHAH
be signed by the Chairman of the County
Court and cOuntersigued By the Clerk OF the
County Court, and have the seal of the county
attaehedi and the said Clerk shall keep an
exact register OF each certified issue, showing
When ana 20 whom issued, ana the ChaLIa4u
OF the Court shall tax the receipt OF the
Treasurer of the said railroad company for ali
certificates issued which receipt shall Be pre-
Court; and the said Clerk shan 6 each meet
Of the Court next following the issue Of GER
t~tdcates, report to the Court the mn amount
issued to date OF that meeting
The Court shall, In each case, provide proper
compensation loE the englneas aullr 70
be appointed under article OF TINS decree
The money or certificates shan only ne pl4
out by said companT for WQA aclualy e04o
or material actually dellvered or Lne KIND
The certificates when received by the Tax
Collector In payment q MS s2ecllc TAX OF
he immediately cancelled hy those officers re-
spectively, and each shall make report quar-
radeemed and Cancelled. That upon receiVlnE
any fnstalmen6 OF the certificates herein
before provided far sald railroad company
shall give q bond the sum OF one huulre4
thousand dollars, With such sureties az snail
be satisfactory to tire Gnalrmeu or this CONN.,
conditioned that said certificates shall o. 4
voof Faith annIied To the objects and uuru1Ed
sDeoided In article Of this DEGREES ana l
said certificates shall not De used Or ne
bE said company at less than alsl-
Ia the dollar. hal that said GalEa-4 y
shall renew said bond az any He
be rsuuired TO do 50 by order or
AVes-EECrE. Lyon Duncan
Enaef PuIllGm- Caldwell l
HoImen Rrovn. Burke, Elliott Moore
iss W-ithsdugt0u, Anen. WalE
49, p-eoa Massey, III. O. and stone
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