The Cairo daily bulletin. (Cairo, Ill.) 1870-1872, 1871-07-29
ORDINANCE NO 100
An ordinance to authorize n subscription o, 81
00O to the CAIRO aud 81. Louis Rail Road &,

An ordnance to authorize subscription OF 800.
OD to the CAIRO aud 81. Louis Rail Road Com.
Whereas, by "esoluton OF the CITY Council OF
the city fCalro, adopted on March "a, 1906 II
wns ordered.thnt At election be held on April -,
1896 IN the several wards Of The city for the pur.
pose OF ascertaining the wishes OF the voters of
Tic city Cairo 10 regard ton subscription "
Ionis 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 at SPECIAL meeting
held on May ord, 1896, from which IL appeared
tba, g7 votes were cast in favor OF said .nbscrIp
ton and 70 aga INST It, and thereon the City Couh
cl declared said election carried IN favor OF said
subscription and instructed the ordinance com.
miltee 10 prepare and submit 20 said council tn,
necessary ord nance to carry the result Of SAID
election into eject and
Whereas, a provisional contract has been en-.
tered INTO between the sad Cairo ana 81. LD-ts
Rairoad Company and Responsible contractors
Tor the construction OF said toni, bhsd upon the
subscriptions heretofore authorized to be made to
the capital stock of said company by counties,
cities snd towns along the line OF said road
therefore for the nurposc OF giving et'eu to the
expressed wish Of the electors and tax payers OF
the city, as anOvc rccited,
Be IL ordained by the City Council OF the dly u
sEcrIos1. That the Mayor Of the city be,and
he hereby IN authorize and instructed, to sib.
scribe on behalf OF the city Of Cairo to the capital
pany, in the sum Of one hundred tn ousand dolsn
said subscription TO be pay able as hereinaite.
provided Tor; that bonds ofthe city shall be is.
sued in payment OF taid substitution to the
amount OF ninety live thousond dollars in such
sums.as said company mayde signate said bonds 10
bear interest at the rate OF eight per cent per
mum, and TO be payable in twenty wears from
date thereof and tina, the Mayor Of the CITY. civ
Clerk and City Comptroller be, and they are hero
by authorized and instructed to sign and nf,x Tho
seal Of the city 10 the same, and to deliver the
same to atrustee or trustees TO be appointed hy
the Mayor ana CITY Council to be held by sad
trustee or trustees in escto and to DO dclivereI
| TO ssid Cairo and st. Louis Railroad Conpany
upon ihe ioliow,ng conditions. w that the track
northern limit, upon the line dividing IL f,otn
Union co inty and shall be carried upon the most
eligible route TO the leyees surrounding tho city
OF Cairo, and
''Thst the work shall be commenced and n,n.o
ented from the city 81 Cairo by the first day of
november ISL, and the road-bed shall be COR,
bs,en 70 NE eo1n'' line Of Union county BY The
bonds OF the city Csro shall be paid 10 the sai
Railroad Company on the ccm pleion OF each Ave-
miles OF the 70 d.bed commencing at Cairo. snid
amount 70 be pau pro rata a. the anountsione Nv
| In proportion " the whole work TO be done on the
road bed in said Alexander county, said smount
" be ascertained by asuryey and an estimate OF
TIE cost OF the whole work IN said county"
Provided, that interest shall not begin To run
| upon any OF the said bonds until the cornpanv
| shall have become entitled 20 receive the an
bonds and provided further that In no case sball
there DO issued TO said railroad company gre Alto
amount in the bonds Of the city than IN ner
eentum OF the cost IA cash OF any FIVE miles NJ
| OF said road bed, as shown by the certi6eJ
measurements OF the engineer OF said railroad.
until said railroad shall have been com nl.tsd
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 and the cars run thereon IRON Cairo
Approved july 2and Isl.
JOHN N. LANspEN, Mayor.
Attest: NJ J. HOWLEY, City Clerk.