The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1874-05-30
NEW ADVERTISEMENTS.
AN ORDINANCE.

Whereas, at an election held In the city OF
Dallas ON The i2th and 18th days OF July, lb72,
| upon proposition that the city Of Dallas
should take stock IN the Dallas and Wichita
railroad company, 70 tho amount OF one hun.
dred thousand dollan, and issue bonds OF
the city OF Dallas 10 the amount OF one
hundred thousand dollars therefor, payable
In twenty years, and bearing interest NJ the
rate OF ton per cent per nnhnm, payable
voters ofsaid city voted In favor ofsaid prop.
ositiOn, and the city council OF the city OF
Dallas, on the 18th day Of July, 1872, declarcd
said proposition carried by the requisite ma
Whereas, at an election held on tho second
day OF December, A, ID. lS19, upon ~ propoal-
ton 10 issue Ia the Dallas and Wichita rail-
road company fifteen thousand dollars OF
said bonds upon the com pletiOn OF the grad
INK and bridging ofeaeh section OF 1--WE miles
| OF said railroad, two-thirds OF the qualified
voters OF said city voted In favor ofsnid pro.
position, ana the city council OF the city Of
MA, declared said proposition carried by the
requisite majority; therefore,,
Belt ordained by the city council of the
city Of Dallas, section first, That one hum
| nomination OF one thousand dollars each,
| numbered from one 30 one hundred inclu-
| sive). payable twenty years from date, bear
Ing Interest VI tile rate OF ten per cenf per
annnm, interest payable seml-annualy-in-
terest 10 be represented by forty coupons OF
the denomination OF mtg dollars each be
Autographed ut the expense of said railroad
company; that the mayor II hereby In
strueted, upon the completion Of the grading
and bridging OF each section of ave miles OF
said road, and OF the fractional section COM
pleting tho distance 10 the county line, and
upon the favorable report OF the city engin-
Ger, and the acceptance OF said work
by the city council 10 sign end have
| the secretary counterslgn and TO forward %
the comptroller OF public accounts Of the
state OF Texas for, registration, u sufficient
number OF said bonds not TO exceed in
amount the sum of flfiy thousand dollars, 10
meet the demands OF the railroad company,
under the provisions OF the two propositions
hereinbefore referred TO US voted upon by the
city ofDallas.
| Section second, That said, bonds be deliv-
cred by the mayor of the city of Dallas TO the
railroad company, according TO the terms OF
said proposition, and upon delivery BY the
| said railroad of an equal amount OF full paid
| stock TO the city of Dallas In said railroad
company.
Section third, That upon completion OF
sSid railroad todhe comfy line according 70
18th and 18th days ofJuly, 1872, aforesaid and
| upon the favorable report of the city engin-
Ger Of the city of Dallas upon said work no
the city. council OF the city of Dallas, the
mayor shall then he authorized TO sign and
have the secretary countersign and forward
| to the comptroller of public accounts, as
aforesaid, the remainder OF said one hundred
thousand dollars OF said bonds, and deliver
the same 10 the said railroad upon the recep-
ton Of an equal amount of paid up capital
| stock OF said railroad company.
Section fourth. That there shall be ASSESS
ed and levied an annual nd valorem tax OF
forty-two and one-half cents on the ono hum
dred dollars value of taxable property, both
real and personal lying and situated In the
city OF Dallas, TO provide for the payment OF
the interest ON said bonds, and to create a
| sinking fund for the redemption OF the prin-
| cipal OF the same.
Section nth. That, upon the issuance OF
| any bonds under the provisions Of this Or
| the assessor and collector OF the fact, who
| shall Mt once proceed to collect one-half OF
the annual tax levied under the fourth Sec
| ton of this ordinance.
Approved May 81, 1874.
W. l.. CAHELI, Mayor.
| W. II. PRATHER, Secretary, 9id3t