Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-10-12
MARCUS J. WRIGHT,
Sheriff OF Shelby county.

Shelby County Quarterly Court, October
Term, 1871, Thursday. October 8, l87L
HE Memphis and Raleigh Railroad Com
pany, having applied to this court
through their representatives. for he loan of
the credit Of shelby county, Tennessee, as
inGorser or g~usranter on the bonds OF said
1 company to the amount OF S5a,0Se. payable
1t Is years rom date of issue. bearing eight
per cent. interest. with coupons attached,
payable SEMI annually, ct the ONCE OF said
com in the city of Memphis, said bonds
TO Sc issued By the company and indorsad
by the Gun the company shall
nave nrst graded, bridged and tied the entire
road from Memphis 70 Raleigh and paid for
the same, and when issued the same shall be
and constitute lien superior to all others in
favor OF the county upon the road, iron, ties,
bridges, rolling stock, engines, privileges
and franchises 70 secure the paymen OF said
bonds and coupons at maturity; and believ-
ing that the construction of said railroad
will promote the interest OF the people OF
shelby county, and taat the county win be
protected in the Endorsement OF said bonds;
II Is therefore ordered By the Court That
the OF this Court be and ne Is here
by authorized and directed to indorse in the
name and on behalf Of Shelby county the
bonds or the Memphis and Raleigh Railroad
COmpan described, as aforesaid, to the
smOunt Of ffiy thousand dollars. whenever
the President and Director OF said company
shall have certined TO and satisfied him that
said company has graded, bridged and tied
the entire road from Memphis to Rate1gh
and paid FOR the same, and the credit OF Shell
by cOunty is hereby pledged for the payment
OF bHlQ E0uQb anu coupons Al maturity LQorOt.
2 That this loan of the credit of Shelby
county shall become binding only when rat
med by The constitutional majority OF the
legal voters Of the county, and to test their
sense OF this question;
1t Is hereby ordered, That the Sheriff of the
cCDnty make publication in two daily papers
Published in Memphis of an election TO be
cid Tor that purpose at the regular votiIg
precincts OF the county, on Saturday, tbs
18th OF November, 1871, and that q COPY of
this order be, with the notice of ths election,
published for thirty days preceding the cleo
ton.
3 These who favor the loan shall, at said
election, write or PRINT on their ballots the
words. FOR Loan" and those who oppose
the same shall write or print On their Oa1iOts
the WORDS, NO Loan :" and the sheriff shall
Immediately after the election make return
thereof 10 the Clerk Of the County Court OF
the number of the votes polled for and
against the loan, and the clerk shall there
upon certify to the Chairman of this Court
the result of said election. The company
viii pay all costs incident TO the election.
Ayes; EsQuires WlJherington, Giles, Hale,
SpellmRns winters, MoncrfeL, PulliaIn, CaId-
well, Brewer, Buntyn, Hoegef. Brown, Burke,
Elliott, Moore, Mile, Gibson, Brooks and
Stone-l9; nays: EsQuires Walker, Jones
and Aoleman-3.
Witness my hand and seal Of once at
office, In the city OF Memphis, Tennessee,
this 9Th day OF October. A. ID. ISL
JAMES REILLY, Clerk.
By J.. CULLEN DC. w-oo1l