The Caucasian. [volume] (Alexandria, La.) 1874-1875, 1874-09-12


said Road to Soma point nesr vsrmillion-
villo ~ aforesaid the whole Of said Road, to
DO completed ffOm Shreveport TO said
point near vcrmillionvil1o 10 three years
from tho acceptance Of this proposition
and
Whercas. the foregoing propagation in
made upon the condition that the Parish
Of Rapides shall donate to said Central
Railway Company Three Hundred Tl,ou-
sand dollars payable Ut the end Of Twenty
i've years, and bearing seven per cent per
annnm interest, from the delivery Of said
Bonds to tho Company ~ hereafter sot
forth. payable seml.annually on tbs LIST Of
January or lst u July, fOr which sni1
sum Of $500. 900, the Parish, 10 Issue hOr
bonds IN denominations Of not less than
One Hundred nor more than Ono Thon-
sand dollars, with Coupons Of interest ct.
taclietl, payable at tho Office Of aid Con-
trial Railway Company. in the city of New
Orleans, sud tn bo dstod on 1st January
1878. tho said bonds - b delivered 70 tho
said Company ~ follows; One Hundred
and Fifty Thousand lollafs In amount on
the completion of tho portion Of shid Road
from Alexandria u Lscomts, In tho man.
ner aforsasd and Twenty-Five Thousand
dollars in amount, upon the completion In
like mannef Of each mile Of said road from
Alexandria tO the Northern boundary Of
said parish. and tire balance OF said bonds,
II any remains; and any interest that may
have acc, ued mpon said BINDS, 70 be de-
Quoted 40 ~ to mako sud interest com.
mence at tho time Of the delivery Of said
bonds, and sa6k saw ID
Whercas. Fifty qualified electors hnvo
petitioned the Police Jury to submit the
said proposition Of the said Railway Com
pany to the vote Of the qualified Electors
Of the Parish Ot Rapiles for their accept
ance or rejection as provided for IN the 20
section Of the said Act Of Incorporation
therefore ees
Rssolced, BY the Police Jury II tho Par
ish Of Rapidcs, that the said proposition
be- submitted to tho qualified electors Of
tho Parisi, Of Rapiles after dae totica Of
tho time and place Of holding said election.
m provided for in Section 20 Of said Act
and TINT tho ballots Of said election shall
bc printed or written with the worlds
For Donation and Against Donation and
III ma ority of tho ballots If those cast
shall be in favor Of tho donation, then tho
Police Jury of the Parrish Of Rapides sl,sll
accept the said proposition and oontracs
according to the terms and conditions
therein set forth and In conformity with
ton, bnt IN the event TINT y majority Of
the votes cast shall be against ssid dOna
tion, then tho proposition 1T the ssid
Railway Company shall l,e rejecte4l.
BE it further ordered that said election
for the acceptance or rejection ofsaid prop
nsiti0n shall bo held at tho various polling
places Mt the next general election In No
vember 1874, in this parish.
On motion Of j. w. Osborn,
Resolved, That this proposition be sub
mitted will, tho following amendment:
That these Bonds arc 10 No urll and
void unless tho Rail Road II completo
through tho parish In three years from
this date. g H6#
CADDO DECLINES.
The Police Jury have repealed the orli-
narce ordering an election on tho qmes-
ton Of donating $500, 900 In bonds ~ tho
Louisiana Central.
BACK DOWN, AND EXIT RAILROAD.
RESOLVED, That the election on tho prop
osition Of the Louisiana Cen trail Railway
Company. ordered to be fixed on the 2nd
Of November bc postponed until snch time
as may lie determined ut some future
meeting Of the Police jury.